Lovonus Microfinance Bank Gets New Chairman and ED

Usman Onoja has been appointed as the new chairman of Lovonus Microfinance Bank, succeeding Alfred Okoigun, who transitions to chairman of the Lovonus Group after over a decade of leadership marked by growth and integrity.

NGXASI Rises 0.85% as Nigerian Stock Market Bounces Back

The Nigerian equities market closed bullish on Tuesday, with the All-Share Index advancing 0.85% to 200,705.88 points. Market capitalisation increased to N128.84 trillion as Airtel Africa, GTCO, and other blue-chip stocks drove the rally.

Dangote Refinery Receives 17.5M Barrels of Crude Oil

Dangote Petroleum Refinery has received 19 cargoes totaling 17.56 million barrels of crude oil and feedstock between February and March 2026, combining Nigerian streams with international imports to ensure steady operations.

BMW Recalls 180,000 Cars in China for Fire Risk

BMW has initiated a major recall of nearly 180,000 vehicles in China due to a faulty air conditioning wiring harness that poses a potential fire risk, with inspections and repairs offered free of charge.

SEC Gives Operators 6 Weeks for Recapitalisation Plans

The Securities and Exchange Commission has mandated capital market operators to submit board-approved recapitalisation or licence downgrade plans within six weeks. Failure to comply may result in sanctions including licence restrictions.

Moniepoint Buys Orda for Nigeria's $50bn Food Sector

Moniepoint Inc. has acquired Orda Africa, targeting Nigeria's $50 billion food services market. The integration aims to streamline operations for restaurants and vendors with an all-in-one digital platform.

Dangote Warns of Further Petrol Price Hikes

Aliko Dangote has cautioned that petrol prices in Nigeria could rise further if global energy market volatility and geopolitical tensions persist, warning of economic hardship for households and businesses.

Lafarge Africa Champions Women's Inclusion at IWD 2026

Lafarge Africa Plc reaffirmed its commitment to gender inclusion and sustainable development at its International Women's Day 2026 event, featuring key speakers and discussions on empowering women in the construction sector.

Garri, Beans, Rice Prices Drop Across Nigeria

The National Bureau of Statistics reveals significant price declines for staple foods including garri, beans, and rice across Nigerian markets in January 2026 compared to the previous year.

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