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Dangote group to reabsorb sacked refinery workers after peace meeting

Promise Eze 1 October 2025 0

The Dangote Group has agreed to redeploy workers recently sacked by its subsidiary, Dangote Petroleum Refinery, following a series of reconciliation meetings brokered by the federal government. The ministry of labour and employment announced the resolution in a statement on Wednesday. It

Business Nigeria

Nigeria at 65: From Oil Reliance to Trillion-Dollar Economy Ambition

Motolani Oseni 1 October 2025 0

Sixty-five years after independence, Nigeria’s economic journey tells a story of promise, pitfalls, and persistent ambition. From the discovery of oil that turned the country into a monolithic economy heavily dependent on crude exports, to decades of fluctuating revenues and failed attempts at diversification, successive governments have struggled to steer the nation

Business

Report: African airlines lead global air cargo growth in August

Promise Eze 30 September 2025 0

African airlines recorded the strongest air cargo demand growth worldwide in August 2025, according to new data from the International Air Transport Association (IATA), Naira Metrics report. The region posted an 11% year-on-year increase in demand, the highest among all regions, while capacity also rose by 12.3% over the same period. Globally, air cargo demand […]

Business

Obi Cubana, Grace Ofure to headline Ahava UK 2025 business summit in London

Vincent Afolabi 29 September 2025 0

Business leaders, entrepreneurs and innovators from across sectors will gather in London on Saturday, October 4, 2025, for the Ahava Business Conference UK, an event designed to spotlight growth, finance and entrepreneurship. Themed “Empowered for Impact”, this year’s edition will highlight how Nigerian resilience and enterprise are shaping global conversations on business

Business

Dangote refinery accuses PENGASSAN of weaponising hardship with strike

Awwal Owolabi 29 September 2025 0

The Dangote refinery has criticised the nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), accusing the union of weaponising hardship against Nigerians. On Saturday, PENGASSAN directed its members to embark on an immediate nationwide strike following the dismissal of “over 800 workers” by the refinery. In a

Business

FG meets Dangote refinery over PENGASSAN concerns

Awwal Owolabi 29 September 2025 0

The federal government has met with representatives of the Dangote refinery following concerns raised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). In a statement on Sunday, Mohammed Manga, director of information and public relations at the ministry of finance, said the meeting was convened by the sub-committee on the crude […]

Business

PENGASSAN cut-off crude oil, gas supply to Dangote refinery

Promise Eze 27 September 2025 0

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its branches to halt crude oil and gas supplies to the Dangote Petroleum Refinery over alleged anti-labour practices. The union, in a letter dated September 26 and signed by its General Secretary, Lumumba Okugbawa, accused the refinery of unlawfully sacking its members […]

Business

BUA chairman says naira may appreciate between ₦1,300/$ before year-end

Promise Eze 26 September 2025 0

Abdul Samad Rabiu, BUA Group Chairman, has predicted that the naira could strengthen to between ₦1,300 and ₦1,400 per US dollar by the end of 2025. Speaking after a strategic meeting with President Bola Ahmed Tinubu at the Aso Villa on Wednesday, Rabiu linked the anticipated gains to bold fiscal reforms, improved market confidence, and […]

Aviation

BAGAIA, IAC ink Sign MoU on Aircraft Accident Investigation at ICAO Assembly

Chukwuemeke Iwelunmo 26 September 2025 0

In a landmark development for global aviation safety, the Banjul Accord Group Accident Investigation Agency (BAGAIA) and the Interstate Aviation Committee (IAC) have signed a historic Memorandum of Understanding (MoU) in Montreal, Canada, during the 42nd ICAO Assembly held on September 25 to October 4, 2025. The agreement, which is the first of its kind […]

Business Top Stories

Equities Market Rebounds as ASI Adds 0.31%, Investors Gain N279bn

temitope adebayo 26 September 2025 0

The Nigerian Exchange (NGX) closed positively on Thursday, reversing losses from the previous session as the All-Share Index (ASI) advanced 0.31 per cent to settle at 141,149.04 points. The rally lifted year-to-date returns to 37.14 per cent from 36.72 per cent previously, while market capitalisation added N279.37 billion to close at N89.34 trillion. The upturn […]

Business

MTN Unveils Pan-African Media Innovation Programme to Strengthen Journalism

Motolani Oseni 26 September 2025 0

MTN Group has launched the Pan-African Media Innovation Programme (MIP), a continent-wide initiative aimed at equipping journalists and editors with the tools, skills, and networks to thrive in a rapidly evolving digital era. The launch, held on Friday, 12 September 2025, in Johannesburg, South Africa, marks the expansion of the successful Nigerian edition of MIP […]

Business

Stanbic IBTC Launches InvestBeta Season 2, Offers N2m Investment Prizes

temitope adebayo 26 September 2025 0

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc, has launched Season 2 of its financial literacy game show, InvestBeta, with the premiere episode now streaming on the Stanbic IBTC Group’s official YouTube channel. The second season kicked off with heightened excitement as three contestants battled through three competitive rounds, rapid questions,

Nigeria, China’s Global Governance Initiative

Business Top Stories

Nigeria Backs China’s Global Governance Plan, Targets $22bn Trade Growth

temitope adebayo 26 September 2025 0

Nigeria has endorsed China’s Global Governance Initiative (GGI), tying the move to accelerating economic opportunities, trade expansion, and infrastructure financing critical to Africa’s largest economy. The endorsement, delivered in Abuja by the Director General of the Nigeria–China Strategic Partnership (NCSP), Mr Joseph Tegbe, on behalf of President Bola Ahmed Tinubu,

Business

NASENI Pushes Research Commercialisation as Catalyst for Nigeria’s Growth

Motolani Oseni 26 September 2025 0

The Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu, has reiterated that the commercialisation of research and innovation remains critical to unlocking Nigeria’s economic potential. Speaking at the North-Central Sensitisation Programme on the NASENI Research

Business

Otedola Expands First Holdco Stake with N2.01bn Share Purchase

temitope adebayo 26 September 2025 0

First Holdco Chairman, Femi Otedola, has strengthened his position in Nigeria’s oldest listed financial institution with fresh acquisitions worth ₦2.01 billion, boosting both his direct and indirect stakes in the group. A regulatory filing to the Nigerian Exchange (NGX) on Thursday confirmed that Otedola bought 39,313,379 units at ₦31 per share, valued at ₦1.21 billion,

Energy

Nigeria Backs Mission 300 to Deliver Power to 300m Africans by 2030

Guest Writer 26 September 2025 0

BY SAMUEL MOBOLAJI Nigeria has joined other African nations in endorsing far-reaching reforms under Mission 300, an ambitious initiative led by the World Bank Group and the African Development Bank (AfDB) aimed at connecting 300 million Africans to electricity by 2030. The plan, which was unveiled at the Bloomberg Philanthropies Global Forum, relies on National […]

Business

NUPRC withdraws approval for TotalEnergies’ $860m asset sale to Chappal Energies

Promise Eze 25 September 2025 0

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revoked its approval for TotalEnergies EP Nigeria Limited’s $860 million asset sale to Chappal Energies. Chappal Energies is a Mauritius-based oil and gas exploration company. Eniola Akinkuotu, spokesperson for the NUPRC, confirmed the development to TheCable on Tuesday, citing Chappal Energies’ inability to

Business Money

PFAs Must Report Pension Payments above $10,000 – PenCom

Motolani Oseni 25 September 2025 0

..PenCom, TUC Deepen Ties to Bolster Workers’ Pension Welfare The National Pension Commission (PenCom) has issued fresh directives to strengthen oversight of the Contributory Pension Scheme (CPS), mandating Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) to report foreign currency pension contributions above $10,000 to the Nigeria Financial

Money

Naira Weakens to N1,488/$ as Analysts See Reserves Hitting $45bn

Guest Writer 25 September 2025 0

BY SAMUEL MOBOLAJI The naira slipped against the U.S. dollar at the official foreign exchange (FX) window on Wednesday, despite a $52 million intervention by the Central Bank of Nigeria (CBN) aimed at calming volatility. Data from the CBN showed the local currency depreciated by 0.08 per cent to close at N1,488.56 per dollar, compared […]

Money

FG Blocks TotalEnergies’ $860m Asset Sale

Motolani Oseni 25 September 2025 0

The Federal Government has halted TotalEnergies’ planned $860 million divestment from Nigeria’s onshore oil sector after the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) withdrew its earlier approval for the transaction. The move deals a blow to the French energy giant’s strategy to cut back on ageing, high-cost assets and reduce its swelling debt burden.

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