News

Dangote Refinery IPO Draws Investors from 51 African Countries

News, Business /

Dangote Petroleum Refinery and Petrochemicals has announced that its ongoing initial public offering (IPO) has attracted investors from 51 African countries, with subscriptions recorded from more than 90 countries globally. The offer, which is scheduled to close on 27 October 2026, provides investors with an opportunity to acquire shares in the refinery. Speaking on the […]

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Tinubu’s Order Helps Cut Federation Account Deductions to ₦8.4tn – World Bank

News, Business, Global /

Tinubu’s Order Helps Cut Federation Account Deductions to ₦8.4tn – World Bank Nigeria recorded a significant reduction in deductions from its Federation Account in the first half of 2026, following changes introduced by President Bola Tinubu’s administration to the management of certain oil and gas revenues.According to the World Bank’s Nigeria Development Update report, total

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African Businesses Face $209bn Funding Gap, Report Reveals

Africa, Business, News /

Black-owned and Black-led businesses across five African countries are facing a combined funding gap of $209 billion, raising concerns about the financial barriers preventing many businesses from expanding and reaching their full potential.The finding comes from a report released by British International Investment (BII), the United Kingdom’s development finance institution and impact investor, in partnership

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How Tinubu’s Renewed Hope Infrastructure Projects Are Reshaping Nigeria’s North-Central Region

Africa, News, Politics /

Dr. Abiodun Essiet, Senior Special Assistant to the President on Community Engagement for the North-Central region and North Central Coordinator of the Directorate of Infrastructure, Mobilisation and Sensitisation (APC Presidential Campaign Council), has highlighted major road and bridge projects being delivered across the zone under President Bola Ahmed Tinubu’s Renewed Hope Agenda. In a recent

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Umahi Inaugurates Team to Document and Promote Infrastructure Gains Ahead of 2027 APC Presidential Campaign

Africa, News, Politics /

The Honourable Minister of Works, Sen. Engr. David Umahi, CON, FNSE, FNATE, has inaugurated members of the Office of the Deputy Director General (ODDG) for Infrastructure, Mobilisation and Sensitisation under the 2027 APC Presidential Campaign Council (PCC). Speaking at the inaugural meeting held on Thursday, 15 October 2026 in Abuja, Umahi — who serves as

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LAGOS–CALABAR COASTAL HIGHWAY: FG CLARIFIES MISCONCEPTION, SAYS EAST–WEST ROAD RECONSTRUCTION IS AN ADDITIONAL PROJECT

Africa, News, Politics /

The Federal Government has clarified that the Lagos–Calabar Coastal Highway has not been discontinued or replaced by the East–West Road, explaining that the reconstruction of the existing road is an additional infrastructure project. The controversy surrounding the Lagos–Calabar Coastal Highway has taken a fresh turn following public concerns over comments suggesting that part of the

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Climate X Culture Summit to Promote Sustainability in Africa’s Creative Industry

Business, News /

The Centre for CSR West Africa is partnering with the Climate X Culture Summit 2026 to advance environmentally sustainable practices across the region’s cultural, creative and events sectors. The first edition of the summit, themed “Designing Creative Experiences for Africa”, will take place on October 22, 2026, at the Google Artificial Intelligence Community Centre in

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Nigeria Energy Sector Fund Records N381m Profit Growth

News, Business /

The Nigeria Energy Sector Fund, overseen by SCM Capital Asset Management Limited, has submitted its audited financial results for the year ended March 31, 2025, to the Nigerian Exchange, reporting strong performance attributed to strategic investments in oil and gas stocks, improved returns from fixed-income instruments and effective cost control. The Fund’s revenue increased by

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How to Find Your Address Details on Nigeria’s New Postcode Platform

News, Africa, Technology /

Residents across Nigeria can use the Nigerian Postal Service (NIPOST) online platform to identify the digital postcode assigned to their buildings and examine the address details available on the system. The Federal Government introduced the National Digital Alphanumeric Postcode System nationwide on October 1, 2026. Under the arrangement, each building that can be assigned an

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FG Orders MDAs to Eliminate Multiple Regulatory Fees

Business, News /

The Federal Government is set to streamline regulatory operations across Ministries, Departments and Agencies (MDAs) by removing repeated charges, overlapping functions and cumbersome administrative processes to make doing business in Nigeria less expensive and encourage investment. The proposed changes will also introduce clear performance benchmarks for government agencies, with emphasis on faster service delivery, the

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