Business

Sunbeth Energies Limited has introduced what it describes as Nigeria’s first self-service fuel station, opening the new facility at its Ogba outlet in Lagos as part of efforts to modernize fuel retailing and improve transparency for motorists. The new system allows customers to manage the fueling process themselves, from starting a transaction and selecting the […]

Dangote Petroleum Refinery & Petrochemicals has strengthened its position in the international aviation fuel market after emerging as Europe’s largest supplier of imported jet fuel for the second consecutive month. According to the latest European import data compiled by global commodities intelligence firm Kpler, more than 400,000 tonnes of jet fuel produced by the 700,000-barrel-per-day […]

BUA Cement Plc has strengthened its commitment to youth empowerment by graduating 60 youths from its host communities in Sokoto State after completing a six-month intensive training programme on heavy-duty equipment operations.The initiative, implemented through the company’s Sokoto Cement Plant, forms part of its Corporate Social Responsibility (CSR) programme aimed at equipping young people with […]

Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as diesel, as part of efforts to improve affordability and strengthen the supply of refined petroleum products in Nigeria. The new prices, which take effect on Thursday, August 6, will see the […]

Zenith Bank has confirmed that it is investigating an incident involving unauthorized access to limited customer information, including email addresses and phone numbers. The bank said the incident is part of a wider global cyberattack targeting multiple international organizations across different sectors. In a statement, Zenith Bank said it immediately activated its incident response protocols, […]

In a crowning stroke to a 12-year tenure that transformed United Bank for Africa (UBA) Plc into an international financial powerhouse, outgoing Group Chairman Tony Elumelu is preparing to finalize the bank’s expansion into Paris, France, marking his final major strategic milestone before stepping down next month. The pan-African banking giant is expected to receive […]

BUA Foods Plc recorded a 20 per cent increase in total assets to N1.67 trillion in the first half of 2026, reinforcing its financial position despite a decline in revenue during the period. According to the company’s unaudited financial results for the six months ended June 30, 2026, total assets rose from N1.39 trillion in […]

BUA Group, the Nigerian conglomerate chaired by billionaire industrialist Abdul Samad Rabiu, is investing **$85 million** to expand its Port Harcourt port terminal in a move aimed at strengthening its logistics network and supporting the rapid growth of its food manufacturing business. The expansion will increase the terminal’s capacity to handle more than 2 million […]

Former President Goodluck Jonathan has called on African leaders to strengthen democratic institutions, deepen intra-African trade, and embrace purposeful leadership as essential drivers of sustainable economic growth and the continent’s long-term prosperity. Jonathan made the call on Thursday in Abuja while speaking at the Breaking Barriers to Trade and Leadership Summit, organized by the Africa […]

Dangote Cement Plc has reported a strong financial performance for the first half of 2026, recording a 22.7 per cent increase in profit after tax (PAT) to **₦638.5 billion**, driven by higher sales volumes, improved operational efficiency and stronger profit margins. According to the company’s unaudited results for the six months ended June 30, 2026, […]

Billionaire businessman Femi Otedola has further increased his stake in First HoldCo Plc after acquiring an additional 1.77 billion shares in the financial institution through his investment vehicle, Calvados Global Services Limited. According to a regulatory filing on the Nigerian Exchange (NGX), the transaction, valued at approximately ₦222.20 billion, was executed on Thursday. The latest […]

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to empowering young Nigerians as key drivers of the nation’s Marine and Blue Economy, declaring that the country’s aspiration to become Africa’s Blue Giant rests largely on the capacity and innovation of its youth. Director General of NIMASA, Dr. Dayo Mobereola, made this […]Read More