The Dangote Refinery profit 2026 figures show a dramatic turnaround for Nigeria’s biggest refinery, with the company reporting ₦2.55 trillion in profit after tax on ₦19.47 trillion in revenue during the first half of the year. The results are particularly significant because they come ahead of the refinery’s planned Initial Public Offering, giving potential investors…
The Brent crude oil price above $100 has returned to global markets as the latest escalation in the Middle East raises fears that oil supply disruptions could last longer than previously expected. Brent crude futures briefly climbed above $100 a barrel on Wednesday, reaching about $100.19 before easing slightly. It was the first time the…
The Robert Orya 490-year jail sentence has been upheld by the Court of Appeal in Abuja after the former Managing Director of Nigeria Export-Import Bank (NEXIM Bank) failed to overturn his conviction in a ₦2.4 billion fraud case. A three-member panel led by Justice Muhammed Danjuma unanimously dismissed Orya’s appeal on September 8, 2026, and…
The latest Moises Caicedo injury update has given Chelsea fans some encouragement, with the midfielder back in training after a calf problem. However, manager Xabi Alonso is taking no chances with his return. Caicedo will miss Chelsea’s Carabao Cup meeting with Leeds United on Wednesday despite returning to training. Alonso’s decision comes after the midfielder…
Afrobeats singer Kizz Daniel has added another major luxury car to his collection after acquiring a 2026 Ferrari Purosangue reportedly valued at ₦1.6 billion. The announcement was made by Nigerian luxury car dealer Abuja Car, which described the vehicle as the first 2026 Ferrari Purosangue in Nigeria. The news has sparked reactions from fans, but…
The CBN terrorism financing supervision 2026 push is putting Nigerian banks and other financial institutions under closer scrutiny as the Central Bank of Nigeria moves to strengthen controls against the use of the financial system to fund terrorism. In a September 8 statement, the CBN said terrorism financing supervision had become a current supervisory priority….
French President Emmanuel Macron is pushing for an EU social media ban for children under 15, taking the fight to Brussels after France’s attempt to introduce similar restrictions was blocked by the country’s Constitutional Council. In a letter to European Commission President Ursula von der Leyen dated August 29, Macron called for new European legislation…
The Peter Obi convoy blocked in Benue incident has opened a fresh political and security dispute ahead of the 2027 elections, with the former Anambra governor’s team and the Benue State Government giving different accounts of what happened. Obi’s convoy was stopped by youths along Gboko Road in Makurdi on Tuesday while he was travelling…
The FTSE Russell Nigeria Frontier Market 2026 upgrade is giving Nigeria’s capital market a major opportunity to reconnect with international investors after three years outside the global index provider’s classified frontier-market universe. FTSE Russell has confirmed 10 Nigerian companies as newly eligible large-cap stocks in its Frontier Index Series. The change will take effect when…
The FIFA and CAF suspend NFF elections 2026 decision has put Nigeria’s football leadership race on hold as the two governing bodies begin a deeper review of the crisis inside the Nigeria Football Federation. FIFA and the Confederation of African Football have ordered the NFF to take no further steps in its electoral process. The…
