The Securities and Exchange Commission (SEC) has approved the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, clearing the company to offer 4.1 billion ordinary shares at ₦525 each in a transaction that could raise about ₦2.15 trillion if fully subscribed. The approval, which also covers the registration of the refinery’s existing 120.13 …
Nigeria is winning back the confidence of international investors and global rating agencies, but the government still faces a major problem at home, as much of its revenue is being swallowed by debt payments. Foreign reserves have climbed to their highest level in more than 17 years. The naira has become more stable, inflation has …
The Peoples Democratic Party (PDP) has intensified grassroots mobilisation in Kogi Central ahead of the 2027 general elections, with supporters in Okehi Local Government Area declaring support for the re-election of Senator Natasha Akpoti-Uduaghan. Party loyalists, youths, women and other stakeholders participated in a solidarity road walk in Okehi on Thursday to canvass support for …
Vice-presidential candidate of the Nigeria Democratic Congress (NDC), Rabiu Musa Kwankwaso, has stated that the APC’s control of about 31 states does not guarantee President Bola Tinubu's victory in the 2027 presidential election. Kwankwaso made the comment on Thursday in Port Harcourt during a town hall meeting where he and NDC presidential candidate Peter Obi …
The International Criminal Court (ICC) has dismissed an anonymous petition seeking an investigation into alleged systemic kidnappings in Nigeria as crimes against humanity. This was made known in a statement released on Thursday and signed by Kamarudeen Ogundele, Special Adviser to the President on Communication and Publicity, Office of the Attorney-General of the Federation and …
The Presidency has clarified that the ongoing Freedom of Information Act (FOIA) case involving United States government records on President Bola Ahmed Tinubu is a civil records-disclosure dispute and not a criminal case against the Nigerian leader. The clarification was contained in a statement issued on Thursday by the Special Adviser to the President on …
A United States-based political advisory and lobbying firm, Von Batten-Montague-York, has reported an alleged $3 million bribe offer to the US Department of Justice (DOJ) in connection with a probe into alleged drug trafficking allegations involving President Bola Tinubu. The firm disclosed this in a statement posted on its verified X account on Thursday. According …
Rivers State Governor, Siminalayi Fubara, has signed the state’s 2026 Appropriation Bill into law. The governor assented to the bill on Thursday at the Government House in Port Harcourt shortly after the Rivers State House of Assembly passed it. The bill was approved unanimously by 26 lawmakers during the Assembly’s resumed sitting in Port Harcourt. …
Mauritius Commercial Bank (MCB) Limited has structured and delivered a $51 million medium-term loan facility to Tolaram, partly refinancing an existing short-term loan linked to the multinational group's acquisition of Guinness Nigeria Plc. The financing will allow Singapore-headquartered Tolaram to replace part of its short-term funding with longer-term financing better aligned with its growth plans, …
The Independent Petroleum Producers Group (IPPG) has called for the establishment of a robust indigenous financing system to fund Africa's energy sector, as foreign capital increasingly retreats from the continent. Speaking at Africa Oil Week 2026 in Accra on Tuesday, IPPG Chairman Adegbite Falade warned that more than 150 essential oil and gas projects have stalled across …
