ShareThe Dangote Petroleum Refinery & Petrochemicals is emerging as a major driver of Nigeria’s improving economic outlook, following the country’s sovereign credit rating upgrade by S&P Global Ratings. In its latest assessment, S&P upgraded Nigeria’s long term foreign and local currency sovereign credit ratings to “B” from “B-”, citing strongerContinue Reading
ShareThe Abuja Chamber of Commerce and Industry (ACCI) has convened a strategic Roundtable ahead of the forthcoming 4th India–Africa Forum Summit (IAFS-4) in New Delhi, with stakeholders calling for a more “transactional” and investment-driven Nigeria–India partnership. The Roundtable, themed “Beyond Bilateral: Co-creating Nigeria’s Strategic Trade & Investment Roadmap for theContinue Reading
SharePresident of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments, declaring that the continent has the capacity to feed itself and become a net exporter of agricultural products. Dangote made this known while addressing journalists in Gode, in Ethiopia’sContinue Reading
SharePresident Bola Tinubu has welcomed world aircraft-maker Airbus’ proposal to establish maintenance and hangar facilities in Nigeria as part of a broader effort to position the country as a regional aerospace and aviation services hub. President Tinubu also emphasised Nigeria’s urgent need for modern helicopters and fixed-wing aircraft capable ofContinue Reading
ShareThe President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu, SAN, PhD, has described China’s zero-tariff policy for African countries as a major economic opportunity that could transform Nigeria’s export sector, strengthen industrialisation, and deepen trade relations between Africa and China. Reacting to the policy announced byContinue Reading
ShareThe NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of the Port Harcourt and WarriContinue Reading
ShareThe United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its production capacity.Continue Reading
ShareMar-a-Lago, Florida_ — In a meeting that blended diplomacy with deep personal warmth, President of Belemaoil Group, Tein Jack-Rich, was seen this week alongside other prominent allies including Roger Stone, longtime strategist and one of President Donald Trump’s closest allies shared likeness for US-NIGERIA closeness for shared property. The twoContinue Reading
The Corporate Affairs Commission (CAC) has forcefully denied allegations of illegally tampering with a company’s records, asserting all its actions are strictly governed by the Companies and Allied Matters Act (CAMA) 2020. It frames its statutory power to correct corporate records as a transparent, audit-driven process essential for protecting investors and maintaining the integrity of Nigeria’s business registry. The Commission positions these corrections not as arbitrary changes, but as lawful interventions to rectify proven illegality or non-compliance. This firm rebutContinue Reading
The Nigerian Naira closed the trading week on December 12, 2025, with a marginal appreciation of 0.11%, reaching N1,454.41 against the US dollar in the official market. This slight gain of N1.65 concludes a week characterized by minimal volatility and minor fluctuations, indicating a period of relative stability for the currency. The data underscores a tightly controlled official exchange rate with movements measured in single-digit percentages, suggesting deliberate central bank management. For executives, this signalsContinue Reading