TotalEnergies, AMNI Commit $800m to Develop Nigeria’s Ima Gas Field
TotalEnergies and its Nigerian partner, AMNI, have taken a Final Investment Decision (FID) to develop the offshore Ima gas field in Nigeria, with production expected to support the Nigeria Liquefied Natural Gas (NLNG) Train 7 expansion project. TotalEnergies announced the decision on Wednesday, marking another major step in the company’s integrated gas development strategy in […]
CBN Cuts Interest Rate to 23% as Inflation Eases, Naira Stabilises
The Central Bank of Nigeria (CBN) has cut the country’s benchmark interest rate from 26.5% to 23%, marking a significant shift in its monetary policy stance as key economic indicators show signs of improvement. The rate reduction comes amid a decline in inflation to 15.39%, greater stability in the naira and continued strengthening of Nigeria’s […]
Nigeria’s Non-Oil Exports Overtake Oil Exports as Reserves Top $55bn
Nigeria’s non-oil exports overtook oil exports in the third quarter of 2026 for the first time, according to the Federal Ministry of Finance and the Central Bank of Nigeria (CBN), signalling a potentially significant shift in the country’s external sector. The development coincides with Nigeria’s foreign-exchange reserves rising above $55 billion, providing the country with […]
NGX Market Capitalisation Hits ₦162 Trillion For The First Time Ever
The Nigerian Exchange Limited (NGX) closed trading on Friday, September 18, 2026, on a bullish note, with total equity market capitalisation hitting a record ₦162.16 trillion for the first time. The latest milestone surpassed the previous record of ₦161.8 trillion, recorded on May 13, 2026, as renewed buying interest across major stocks lifted the market. […]
Don’t Sell Homes Or Spend School Fees On Dangote Shares, Emir Sanusi To Investors
The Emir of Kano, Muhammadu Sanusi II, has cautioned prospective investors against using essential personal funds, including children’s school fees and money meant for their primary residences, to purchase shares in the Dangote Refinery. Sanusi gave the advice on Thursday during the Dangote Refinery Initial Public Offering (IPO) investor roadshow in Kano, where he encouraged […]
Dangote Refinery IPO to Open Within 12 Days, Targets $5 Billion in Africa’s Biggest Public Offering
The Initial Public Offering (IPO) of the Dangote Petroleum Refinery is expected to open within the next 10 to 12 days, potentially around September 15, 2026, as the company moves to raise about $5 billion to finance a major expansion of its refining and petrochemical operations. President of Dangote Industries, Aliko Dangote, disclosed the timeline […]
US Consulate Targets More Tech, Investment Deals Between Nigerian Entrepreneurs and American Firms
LAGOS, NIGERIA — September 3, 2026 — The United States Consulate in Lagos has intensified efforts to facilitate technology and investment partnerships between Nigerian entrepreneurs and American businesses, as both countries seek to deepen commercial ties and unlock new opportunities in Nigeria’s rapidly expanding digital economy. The newly appointed U.S. Consul General, Brandon Hudspeth, disclosed […]
Nigeria’s Economy Posts Fastest Quarterly Growth in Five Years as GDP Expands 4.43%
Nigeria’s economy recorded its fastest quarterly growth in five years in the second quarter of 2026, with real Gross Domestic Product (GDP) expanding by 4.43 per cent year-on-year, according to data confirmed by the National Bureau of Statistics (NBS). The Federal Ministry of Finance said the strong economic performance, combined with a stabilising naira, translated […]
BREAKING: Nigeria’s GDP Grows 4.43% in Q2 2026, Outpacing 2025 Performance
BREAKING: Nigeria’s GDP Grows 4.43% in Q2 2026, Outpacing 2025 PerformanceNigeria’s Gross Domestic Product (GDP) grew by 4.43 per cent year-on-year in real terms in the second quarter of 2026, surpassing the 4.23 per cent recorded in the corresponding period of 2025. The latest figure, released by the National Bureau of Statistics (NBS), represents a […]
Whatsapp to begin charging businesses per message from October 1
Meta, the parent company of WhatsApp, will introduce new charges for certain business messages sent through the WhatsApp Business Platform from October 1, 2026. The development was announced in a WhatsApp Business Platform pricing update released in July 2026 and will affect companies using the official platform, formerly known as the WhatsApp Business API, to […]