The long-delayed Badagry Deep-Seaport development has moved into a new phase after APM Terminals signed a Memorandum of Understanding with Badagry Port Development Limited to explore the project. The agreement was signed in Copenhagen during a visit by Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, and a Federal Government delegation. It commits the…
The Dangote Refinery IPO 2026 is targeting ordinary Nigerian investors, with the company offering shares at ₦525 each and a minimum subscription of 10 shares, worth ₦5,250. The ₦2.15 trillion offering involves 4.1 billion ordinary shares and is expected to become Africa’s largest IPO. The formal offer is scheduled to run from September 14 to…
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 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….
The Dangote Refinery IPO 2026 is shaping up to be more than a huge fundraising exercise. Aliko Dangote wants the ₦2.15 trillion share offer to bring millions of ordinary Africans into the ownership of one of the continent’s biggest industrial projects. The refinery’s IPO documents were signed in Lagos on Monday, with 4.1 billion shares…
Aliko Dangote has recorded a fresh increase in his wealth as investors prepare for the Dangote Refinery IPO 2026, which is expected to open its order book on September 14. Reports citing Forbes’ real-time billionaire tracker put Dangote’s wealth at $31.5 billion on September 4, up from $25.6 billion at the end of 2025. A…
The Federal Government will begin a two-week repair of Kara Bridge on the Lagos-Ibadan Expressway on Tuesday, September 8, with motorists warned to prepare for traffic delays and temporary lane restrictions. The work will focus on damaged expansion joints that have exceeded their service life. Officials say the repairs are necessary not only to improve…
Nigeria’s latest state finance figures are exposing a growing fiscal divide between Nigerian states. In 2025, the 36 states and the Federal Capital Territory generated about ₦4.15 trillion in internally generated revenue, but Lagos State generated 45% of subnational IGR, highlighting how heavily Nigeria’s domestic revenue base depends on one state. At the same time,…
The Dangote Refinery IPO has received approval from Nigeria’s Securities and Exchange Commission, setting the stage for what could become Africa’s biggest-ever share sale. The company plans to offer 4.1 billion ordinary shares at ₦525 each, potentially raising about ₦2.15 trillion, or $1.63 billion, if fully subscribed. The order book is expected to open on…
Nigeria’s power sector contracted by 10.63% in Q2 2026, extending its decline for a second consecutive quarter even as the wider economy recorded stronger growth. The figures raise a bigger question than the latest contraction: can Nigeria sustain economic growth without fixing its electricity supply chain? Power Sector Moves in the Opposite Direction According to…
