The Lagos State Government, through the Lagos Waste Management Authority (LAWMA), has withdrawn the operating licences of six Private Sector Participation (PSP) operators over their […]
Category: Economy
Dangote Refinery offers 20% of $1.6 billion IPO to East African investors
Dangote Petroleum Refinery & Petrochemicals FZE is offering investors in East Africa access to nearly 20% of its initial public offering, with the regional offer […]
Investors are raising the bar for Nigerian startups seeking capital — Sage Grey MD
Nigerian entrepreneurs continue to build products, assemble teams and pitch investors, but raising the capital needed to grow remains a challenge for many businesses. The […]
Asharami Ghana commissions 6,000MT LPG facility, expands storage capacity by 10%
Asharami Ghana, part of Sahara Group’s upstream oil and gas subsidiary arm, has commissioned a 6,000-metric-tonne Liquefied Petroleum Gas (LPG) storage facility at the Tema […]
Strong naira, hawkish US Fed push gold prices in Nigeria to N180,000/g
Gold prices in Nigeria fell to about N180,000, including retail markup fees, at the official exchange rate amid a stronger Nigerian currency and a hawkish […]
PI-CNG chairman proposes mandatory CNG transition for commercial vehicles
The Chairman of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (PI-CNG&EV), Ismael Ahmed, has proposed making the transition from petrol and diesel […]
Naira strengthens to N1,331/$ as FX turnover swings above $600 million
The naira closed at N1,331.50 per dollar on October 6, 2026, as foreign exchange market activity remained volatile at the start of October. Data from […]
Kenya confirms first Ebola case as patient dies in Nairobi
Kenya has confirmed its first case of Ebola after a Kenyan national who recently returned from the Democratic Republic of Congo tested positive for the […]
CBN withdraws N3.31 trillion via OMO as N2.17 trillion maturities hit banking system
The Central Bank of Nigeria (CBN) withdrew about N3.31 trillion from the banking system at its October 6, 2026 Open Market Operations (OMO) auction, while […]
Bosun Tijani unveils Nigerian startup behind National Digital Postcode
Minister of Communications, Innovation and Digital Economy Bosun Tijani has identified Milsat, a Nigerian startup founded by Taslim Saluadeen and Adedamola Baderinwa, as the company […]