Business

JUST IN: Dangote Refinery Suspends Sale of Petroleum Products in Naira to Marketers

The Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars. A statement from the company said: “to date, our sales of petroleum products in Naira have exceeded the value of […]

Read More
Business

Lagos Residents Get 80,000 Bags of Rice from Dangote, Sanwo-Olu Lauds Gesture

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, who was represented by an Executive Director, in the Group, Hajiya, Marya Dangote noted that the gesture is part of the over […]

Read More
Business

MoMo PSB Kicks Off ‘Customer Refer & Win Promo’ to Reward Customers

Provider of digital financial services, MoMo PSB, a subsidiary of MTN Nigeria, has launched its Customer Refer & Win Promo, a new initiative designed to reward loyal customers with free airtime or data for life when they transact on MoMo and refer their family and friends to do same. This campaign is part of MoMo […]

Read More
Business

Dangote Cement Zambia Wins Three Sustainability Awards

Dangote Cement Zambia, a subsidiary of Dangote Cement Plc has bagged three awards at the 6th national Corporate Social Responsibility (CSR) & Sustainability Awards held in Lusaka, the Zambian capital. During the awards organised by CSR Network Zambia, the company carted home the Food Security Initiative Award in the Excellence in Agriculture category, the Best […]

Read More
Business

Experts Express Concern About Absence of Fairness, Responsibility in Sustainability 

Experts in the consumer industry are concerned about the need for fairness, responsibility, and inclusivity in the shift towards a more sustainable world. The experts who spoke at the World Consumer Rights Day 2025 hosted by the Brand Journalists Association of Nigeria (BJAN) highlighted the importance of a just transition to sustainable lifestyles. In her […]

Read More
Business

Bill Compelling Facebook, TikTok & Others to Have Offices in Nigeria Passes Second Reading

The Nigerian Senate has passed through second reading a bill seeking to amend the Nigeria Data Protection Act, 2023, to require social media platforms to establish physical offices within the country. The bill, titled ‘ A Bill for an Act to Amend the Nigeria Data Protection Act, 2023, to Mandate the Establishment of Physical Offices […]

Read More
Business

Galaxy Backbone Unveils Four Years’ Digital Strategic Plan to Deepen Nigeria’s Broadband Connectivity

Galaxy Backbone Limited (GBB), Nigeria’s foremost digital infrastructure and services provider, has unveiled a bold and comprehensive four-year strategic plan (2025-2028) aimed at accelerating the integrated digital transformation Strategy (IDTS) plan for government and businesses in Nigeria. This strategy is designed to enhance digital service delivery, strengthen connectivity, and support Nigeria’s vision of a fully […]

Read More
Business

Dangote to Build Six Million Metric Tons Cement Plant & Seaport  in Ogun State

Africa’s foremost Industrialist and President of the Dangote Industries Limited, Aliko Dangote, plans to build in Ogun State, a multi-billion-dollar Seaport, which will be the largest in Nigeria. He also said two new lines with a capacity of 6.0 million metric tons per annum, (Mta), for the cement plant is being constructed at Itori. Addressing […]

Read More
Business

Nigeria Secures $700m AfDB Funding to Deploy 90,00km Fibre Optic Cable in Q4, 2025

The Nigerian Government has unveiled plans to deploy 90,000km of fibre optic cable that will begin in the final quarter of 2025 This follows a $700 million funding injection from development partners, including the World Bank, African Development Bank (AfDB), and Islamic Development Bank. The project, which will expand the country’s fibre backbone from 35 […]

Read More
Business

ASIAN BANKER AWARDS: FirstBank Maintains Dominance in SME Banking Across Nigeria, Africa

Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest and most distinguished financial institution, has once again solidified its reputation as a leader in the banking industry. The Bank was recently crowned the Best SME Bank in Nigeria and the Best SME Bank in Africa at the 2025 Asian […]

Read More