Why Ogun 2026 budget increased by 58 percent – Commissioner for Finance
The Ogun State government has explained the reason behind its sharp budget increase for 2026, saying the rise reflects strong economic growth and deliberate reforms. The Commissioner for Finance and Chief Economic Adviser, Dapo Okubadejo, stated during a media briefing in Abeokuta that the approved ₦1.669 trillion budget shows the state’s improving financial strength and […]
Recapitalization: What will happen to bank consumers after March 31 deadline – Ogunbunka
The president of the Bank Customers’ Association of Nigeria, Uju Ogunbunka, has reassured Nigerians that bank customers have nothing to fear as the recapitalization deadline set by the Central Bank of Nigeria approaches. Speaking during an interview, he said depositors’ funds remain safe even if some banks fail to meet the new capital requirements. Ogunbunka […]
Flutterwave most licensed non-bank entity globally, holds over 50 licenses – CEO Agboola
The Chief Executive Officer of Flutterwave, Olugbenga Agboola, has revealed that the company now holds more than 50 licences worldwide, making it one of the most licensed non-bank financial technology firms globally. He made the announcement while celebrating the firm’s 10th anniversary, reflecting on its journey from a startup tackling payment challenges in Africa to […]
18 ships discharge petroleum products, goods at Lagos ports – NPA
The Nigerian Ports Authority (NPA) has announced that 18 ships have arrived at Lagos ports to discharge petroleum products and other goods. The vessels are carrying items such as petrol, diesel, aviation fuel, and general cargo meant for distribution across the country. The development is expected to support steady supply and commercial activities. According to […]
Nigerian stocks surge massively as investors gain N6.76trn in seven days
Investors on the Nigerian Exchange Limited (NGX) enjoyed a remarkable week as the stock market recorded a massive N6.764 trillion gain. The bullish run continued throughout the week, reflecting strong investor confidence and sustained buying across major stocks. Friday alone accounted for about N2.4 trillion in fresh gains, showing heightened activity and renewed optimism in […]
How did I miss investing in Flutterwave – Coscharis boss Maduka expresses regret
Coscharis Group CEO, Cosmas Maduka, has openly expressed regret over not investing in Flutterwave, the Nigerian fintech company that has grown into a global payments platform. Speaking during a recent interview, Maduka admitted that he had the chance to back the startup early but chose not to, a decision he now views as a missed […]
Dangote Refinery Hits Full 650,000 bpd Capacity, Sets Global Benchmark
Lagos, Nigeria — Dangote Petroleum Refinery has reached full nameplate capacity of 650,000 barrels per day at its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block, marking a landmark operational achievement and a first for a refinery of its scale globally. The company announced the milestone following the successful completion of scheduled maintenance […]
NNPCL moves toward commercial oil production at Eba, Ogun to join oil-producing states
The Nigerian National Petroleum Company Limited (NNPCL) has taken major steps toward starting commercial oil production at the Eba oil well in Ogun Waterside Local Government Area of Ogun State. A technical team recently inspected the site to assess its readiness for drilling operations, following approval from President Bola Ahmed Tinubu for full commercial exploration. […]
Heineken to Slash Up to 6,000 Jobs as Beer Sales Slide
Dutch brewing giant Heineken announced plans to cut up to 6,000 jobs over the next two years amid “challenging market conditions” and falling beer volumes. The move is part of a cost-saving push to boost productivity across the company.CEO Dolf van den Brink, who is stepping down after nearly six years, said, “We remain prudent […]
BUA Group Chairman, Abdul Samad Rabiu calls for shift from extraction to value addition
The Chairman of BUA Group, Abdul Samad Rabiu, has called for a major shift in Nigeria’s economic strategy, urging the country to move away from raw material extraction and focus more on value addition. He said Nigeria must begin processing its natural resources locally instead of exporting them in their raw form. Rabiu explained that […]