FG to give Nigerian shipowners $25m each under new shipping fund
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has revealed that the Federal Government will provide qualified Nigerian shipowners with up to $25m each, under the Cabotage Vessel Financing Fund, a move he said could strengthen indigenous…
Approves N2.15tn Dangote Refinery IPO, Offer Opens September 14
Nigeria’s Securities and Exchange Commission (SEC) has approved Dangote Petroleum Refinery’s initial public offering of 4.1 billion shares at N525 each, setting the stage for a N2.15 trillion capital raise that could become Africa’s largest-ever share…
Falana Seeks Prosecution, Recovery Of N33.75bn Meant For Poor Nigerians
Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has called on the Economic and Financial Crimes Commission (EFCC) to investigate the alleged failure to account for N33.75 billion in cash transfers meant for vulnerable Nigerians. Falana,…
Tinubu Asked To Probe N78.8bn Cash Transfer Scandal
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to order an immediate investigation into alleged financial irregularities involving more than N78.8 billion in Nigeria’s cash transfer and social protection…
NCDC Moves To Reset North Central Economy With 20-Year Development Blueprint
…Tinubu, Shettima, ex-Heads of State, governors, traditional rulers, others expected at summit The North Central Development Commission (NCDC) is set to commence a far-reaching plan to reposition the region’s economy, infrastructure and social…
Subsidy Debate No Longer Necessary, Nigerians Must See Benefits — PENGASSAN
According to Channels television, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said discussions over whether the Federal Government should have removed the petrol subsidy are no longer relevant, stressing that…
Coris Bank Burkina Faso Market Value Hits $1.85 Billion
Coris Bank International Burkina Faso has seen its market value surge to 1,040 billion CFA francs, approximately $1.85 billion, marking a 201 per cent increase within the current year. The valuation peak, recorded on 2 September, follows a strong…
Cross River Raises 2026 Budget, Cites Changing Economic Realities
Governor Bassey Otu of Cross River State has signed the state’s 2026 Supplementary Appropriation Law, increasing the 2026 budget from N961,624,047,275.08 to N963,074,438,018.60. In a statement issued on Thursday by his Chief Press Secretary and Special…
BREAKING: FG Orders NPA To Take Over Inland Dry Port Functions From Shippers’ Council
The Federal Government has directed the Nigerian Ports Authority (NPA) to take over the Inland Dry Port (IDP) functions currently handled by the Nigerian Shippers’ Council (NSC). The Minister of Marine and Blue Economy, Adegboyega Oyetola, made the…
Nigeria’s Long-Dated Eurobond Yield Rises Above 8% On Global Rates Pressure
Nigeria’s long-dated Eurobond yield has risen above 8 percent as higher US Treasury yields and persistent inflation concerns put pressure on longer-maturity debt in global markets. The yield on Nigeria’s September 2051 Eurobond has climbed in recent…