By Ayomide Otitoju President of the Dangote Group, Aliko Dangote, has announced plans for a major petrochemical project within the Dangote Refinery complex aimed at positioning Nigeria as a leading supplier of key detergent raw materials across Africa. Dangote disclosed this on Saturday while addressing journalists during a tour of the refinery by the Group…
By Ayomide Otitoju Africa’s richest industrialist, Aliko Dangote, on Saturday hosted the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, on a facility tour of the Dangote Refinery, where officials unveiled major upgrades to the refinery’s marine and port infrastructure. The technical briefing, held at the refinery’s harbour, was led…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has generated ₦1.585 trillion from 51 companies under its Authorised Economic Operator (AEO) Programme, the agency disclosed on Thursday. NCS National Public Relations Officer, Dr. Abdullahi Maiwada, said the amount represents 21.77 per cent of the service’s total revenue of ₦7.281 trillion in 2025. He noted that…
By Ayomide Otitoju The Nigerian Exchange Limited (NGX) recorded a historic first on Wednesday with the listing of its inaugural Commercial Papers (CPs), issued by Dangote Cement Plc under the company’s ₦500 billion CP Issuance Programme. The two tranches, Series 1 and Series 2, with a combined value of ₦119.87 billion, were admitted for trading…
By Ayomide Otitoju While the spotlight often shines on elite runners at the 11th edition of the Access Bank Lagos City Marathon (ABLCM), the real engine behind the event was the thousands of workers who kept the city running smoothly before, during, and after the race. Major highways were closed, tens of thousands of participants…
By Ayomide Otitoju Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for coordinated reforms in digital cross-border payments to promote inclusive growth, strengthen financial stability, and deepen global financial integration among developing economies. Cardoso made the call on Thursday at the G-24 Technical Group Meetings held in Abuja, where he underscored…
By Ayomide Otitoju The MTN Foundation (MTNF) and the Bank of Industry (BOI) have signed a Memorandum of Understanding (MoU) to launch Phase 3.0 of the Y’ellopreneur Initiative, introducing a N1 billion matching fund model to support female entrepreneurs across Nigeria. The MoU was executed on Friday, February 13, 2026, at the BOI headquarters in…
By Ayomide Otitoju The Federal Airports Authority of Nigeria (FAAN) and MTN Nigeria Communications Plc have entered into a strategic partnership to provide free high-speed Wi-Fi services at major international airports across the country. The initiative, which has commenced at Terminal 2 of Murtala Muhammed International Airport (MMIA), Lagos, and Nnamdi Azikiwe International Airport (NAIA),…
Britain’s annual inflation rate slowed in January, strengthening expectations that the Bank of England could lower interest rates next month, official data showed Wednesday. The Consumer Prices Index fell to 3.0 percent in January from 3.4 percent in December, according to the Office for National Statistics (ONS). Grant Fitzner, chief economist at the ONS, said…
