As the festive season approaches, Dangote Refinery has announced another slash of its gantry price of Premium Motor Spirit (PMS), also known as petrol to ₦699. This reflects a ₦129 or 15.58 per cent reduction when compared to ₦828 per litre sold previously. In a statement, the refinery said the new price takes effect on …
Nigeria’s total merchandise trade surged to N38.9 trillion in Q3 2025, according to fresh data from the National Bureau of Statistics. This figure marks a significant milestone in the country’s post-pandemic economic recalibration and underscores the resilience of Africa’s largest economy amid ongoing structural reforms. The latest trade value represents an 8.71% increase from the …
PZ Cussons has announced that it is retaining its Africa business and setting out ambitious growth plans for it as part of a wider Group strategy balanced between developed and emerging markets. Recall that in April 2024, PZ Cussons had announced plans to conduct a strategic review of its Africa operations. As part of the …
As Africa’s political and regulatory dynamics continue to evolve, businesses and investors must strategically navigate the continent’s complexities to seize opportunities in 2026. From shifting governance to regulatory transitions, understanding the political landscape is crucial for success. According to Adjoa Adjei-Twum, President & CEO of EBII Group Corp, "Africa’s political environment remains central to investment …
The use of Compressed Natural Gas (CNG) as an alternative fuel is believed to be cost-effective and aligns with the global transition to clean energy agenda, but issues around conversion cost and availability of CNG have hindered the adoption in Nigeria. Nigeria holds the largest natural gas reserves in Africa and ninth in the world, …
The trade agreement between the United States and Indonesia is at risk of collapsing following renewed tensions over commitments made by Jakarta, according to a senior U.S. official. The official said Indonesia had backtracked on parts of the deal reached in July, noting that elements previously agreed upon are now being questioned. The remarks were …
Maintenance costs incurred by airlines in Nigeria are expected to reduce by over $200 million annually as the Federal Government, Boeing, and the UK-based Cranfield University partner to set up a world-class Maintenance, Repair, and Overhaul (MRO) facility in Nigeria. President Bola Tinubu, who made this known last week during the maiden Nigerian International Airshow, …
African central bank governors have renewed push for a unified monetary system for the continent, reaffirming plans for the eventual establishment of the African Central Bank. They made the commitment during a high-level summit in Yaoundé, where 41 central bank governors met to discuss climate-related financial risks and strengthen cooperation under the African Monetary Institute …
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled steps for participation in the 2025 Petroleum licensing round. The Commission formally launched the 2025 licensing round on Monday, December 1, 2025, with the official unveiling of its licensing portal. It says activities lined up for the licensing round will come in phases. In a video …
Dollar General (DG.N) raised its annual profit forecast after posting third-quarter earnings that beat analyst estimates, fueled by resilient demand at its discount stores and successful efforts to cut costs and manage inventory. Shares rose about 5% premarket, adding to a 45% gain so far this year, as the company also increased its full-year comparable …
