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LBS CEOs Tour Africa’s Largest Plant

14.07.2025
The Lagos Business School has led members of its Global CEO Africa programme on a visit to the $20bn Dangote Petroleum Refinery in Lagos. The participants, drawn from across the continent, were received recently at the plant by the President of the Dangote Group, Alhaji Aliko Dangote, who used the occasion to urge indigenous investors...
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N1.5bn Creative Fund Unveiled for Nigerian SMEs

14.07.2025
Woodhall Finance House has announced a N1.5bn Creative Sector Fund aimed at supporting export-ready creative enterprises and SMEs across fashion, film, music, beauty, and digital arts. In a statement on Friday from the British High Commission Communications Office, it was revealed that the fund was launched at the unveiling of The Creative Currency Podcast, held...
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Naira gains slightly to N1,550/$ in parallel market

14.07.2025
The Naira appreciated slightly to N1,550 per dollar in the parallel market on Friday, gaining ₦5 from N1,555/$ recorded the previous day. Conversely, in the Nigerian Foreign Exchange Market, the local currency depreciated by ₦1, falling to N1,532 per dollar from N1,531/$, according to figures released by the Central Bank of Nigeria. This development narrowed...
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NNPC Mulls Refineries Sale: Dangote’s Verdict Fuels Debate

14.07.2025
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, appears to have confirmed a doubt by Alhaji Aliko Dangote that the Port Harcourt, Warri, and Kaduna refineries may never work again. He said the company is, among other options, considering selling the refineries because the rehabilitation works were not yielding...
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Customs Seizes N9.2bn Drugs, Hands Over to NAFDAC

14.07.2025
The Nigeria Customs Service, Apapa Area Command, on Friday, handed over 25 seized containers laden with unregistered and prohibited products to officers of the National Agency for Food and Drug Administration and Control. Addressing journalists during the handover at Apapa command, the Comptroller-General of Customs, Adewale Adeniyi, said the products have a duty paid value...
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Cost Optimization Key to Pr

14.07.2025
Investment banking firm, Afrinvest, has called on Nigeria’s Fast-Moving Consumer Goods companies to prioritise cost optimisation strategies, particularly through scaling up Backwards Integration Projects, to sustain profitability as macroeconomic conditions show signs of improvement. Afrinvest made this call in its 2025 Consumer Goods Sector Report titled ‘Recovery, Realignment and Resurgence’, authored by Team Lead, Abiodun...
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Nigeria’s IMO Council Bid: Minister Intensifies Campaign

14.07.2025
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has launched a comprehensive campaign to secure Nigeria’s election into Category C of the International Maritime Organisation Council. This was announced in a statement signed by the Special Adviser, Media and Communications to the Minister of Marine and Blue Economy, Bolaji Akinola. Oyetola formally flagged off...
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NIMC Denies Downtime Amid SIM Swap Delays

14.07.2025
The National Identity Management Commission on Friday said its National Identification Number verification portal is working, despite complaints by telecom subscribers and operators about continued service disruption. Many Nigerians in recent weeks have expressed frustration over their inability to retrieve their phone numbers or complete SIM-related services due to what they described as a prolonged...
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SME Growth Boosted by New Tax Laws

14.07.2025
The acting Managing Director of Parthian Capital Limited, Ms. Ibilola Ashcroft, a Chartered Financial Analyst with over a decade of experience and specialised expertise in investment products, explains the impact of the new tax acts on the formalisation of the informal sector and more in this interview with OLUWAKEMI ABIMBOLA. Excerpts: What impacts do you...
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I apologise for saying no heaven without tithe – Adeboye

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The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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