Business
Nigeria has announced that oil sector reforms have generated more than $10 billion in final investment decisions since 2023. The influx marks a significant boost for the country's energy revenue outlook.
Business
Aliko Dangou e says the refinery will be Africa’s biggest company by December 2024. Regulators warn investors of fraudulent IPO platforms as the project nears completion, while domestic fuel prices have risen sharply.
Business
Aliko Dangote’s flagship refinery opened a ₦2.15 trillion ($1.5‑$1.6 bn) share offering to retail investors, with a minimum subscription of ₦5,250. The “people’s IPO” seeks to raise capital for a $14 bn expansion that could double the plant’s output.
Business
Uber announced the immediate shutdown of its ride‑hailing service in Nigeria, ending a 12‑year presence and joining a global restructuring that cuts 10% of the company’s workforce. The exit threatens thousands of drivers and reshapes a market already dominated by local and foreign competitors.
News
Nigeria’s Osun state held a contentious governorship election, with PDP candidate Ademola Adeleke declared winner amid allegations of ghost voters and the detention of opposition supporters. The Independent National Electoral Commission denied any fraud, while political leaders and parties exchanged accusations over the result.