Business & Economy - Page 7

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has expressed confidence that the newly announced gantry price for aviation fuel by the Dangote Petroleum Refinery will promote market stability, ensure regulatory compliance, and ease mounting pressure within Nigeria’s aviation sector. Speaking

Seplat Energy Plc has posted revenue of $840.7 million for Q1 ended March 31, 2026, up from $809.3 million last year. Revenue rose 4 per cent year-on-year, reflecting stronger output and pricing support across its oil and gas portfolio. The company disclosed

For years, the vast waters of the River Niger stood as both a symbol of Nigeria’s natural wealth and a formidable barrier to one of its most critical infrastructure ambitions. Beneath its currents lay a challenge that had tested engineers, delayed progress,

Zenith Bank Plc has announced the opening of its Côte d’Ivoire subsidiary, marking a pivotal achievement in the Group’s Pan-African expansion strategy. The official opening ceremony, scheduled to hold on Wednesday, April 29, 2026, is expected to attract senior government officials and

By Lucy Ogalue Hussaini Magaji, Registrar-General of the Corporate Affairs Commission (CAC), has inaugurated a national working group on beneficial ownership to drive transparency. Magaji while inaugurating the committee in Abuja, described the group as the ”engine of reforms for economic growth”

The World Bank Group has committed $8.2bn to expand electricity access across Sub-Saharan Africa as part of a broader push to tackle one of the region’s most persistent development challenges, with nearly 600 million people still living without power. The funding forms

Volkswagen Group Africa has revived one of South Africa’s most memorable television commercials as part of celebrations marking 75 years of operations in the country, using nostalgia, collective identity and modern storytelling to reinforce the enduring strength of the VW brand. The

Jet fuel exports from Nigeria’s Dangote Refinery have risen sharply over the past two years, underscoring a rapid shift in global aviation fuel supply chains and the growing influence of African refining capacity in international markets. Dangote Refinery’s jet fuel exports have

An economist, Mr Ahmed Popoola, has said Nigeria’s credit penetration rate of 13 per cent was too low. He made the assertion on Monday while delivering the maiden collaborative lecture of Kwara State University (KWASU), organised by the Faculty of Management and

The Nigerian stock market halted its bullish rally on Monday after 14 consecutive sessions of gains, resulting in a loss of N1.365 trillion. The downturn was driven by profit-taking in stocks such as FirstHoldCo, Trans-Nationwide Express, United Bank for Africa, Access Corporation,