Swiss Court Admits Climate Case Against Cement Giant
A Swiss court will hear a landmark case where Indonesian islanders sue Holcim for climate damage. This pivotal lawsuit could set a precedent for holding corporations accountable globally.
Category : Business
Dangote Sells Fuel at N739 via MRS Stations
Dangote Refinery begins nationwide PMS sales at N739 per litre through MRS stations, warns against artificial scarcity, and urges Nigerians to report non-compliance for economic relief.
PETROAN: N58.18tr 2026 Budget Achievable with 1.84mbpd
PETROAN endorses Nigeria's 2026 budget, citing realistic oil targets. It urges transparent privatisation of state refineries by Q1 2026 and highlights security, host communities, and regulatory funding as key to success.
Indigenous Firms Control 50% of Nigeria's Oil, Gas Output
The Independent Petroleum Producers Group (IPPG) announces indigenous firms now account for over 50% of Nigeria's crude oil and gas production. Discover the impact on energy security and sector growth.
Nigeria's Oil Sector: PIA Fails, Distrust Deepens
Despite the Petroleum Industry Act, Nigeria's oil sector remains mired in opacity. NEITI recovers billions, but Dangote Refinery clashes with NMDPRA, exposing deep-seated governance failures. Read the full analysis.
Reps Enforce PIA to Protect Oil-Producing Communities
The House of Representatives Committee on Host Communities commits to enforcing the Petroleum Industry Act, ensuring oil-producing areas get their full benefits. Read about the new oversight and funding model.
Foreign Capital Inflows to Nigeria Jump 70% in 2025
CBN Governor Yemi Cardoso reports a 70% surge in foreign capital inflows to $20.98bn for 2025. The removal from the FATF grey list is a key driver. Will this translate to better living standards for Nigerians?
Nigeria's EV Future Depends on Power Infrastructure
Suleiman Yusuf, CEO of Bankrol Camel EV, states that scaling electric vehicle adoption in Nigeria requires massive investment in renewable energy and charging networks. Learn about the plans unveiled at the Abuja EV Fair.
Diaspora Investors Drive Growth, Expose Real Estate Fault Lines
Nigerians in diaspora are now the primary force in luxury real estate, driving sales with over $6 billion annually. Their investments fuel growth but also reveal deep-seated issues like fraud and title insecurity. Discover the full impact and the push for
Heirs Energies Gets $750m Afreximbank Financing
Heirs Energies secures a landmark $750 million financing from Afreximbank, marking a major vote of confidence in Nigeria's indigenous energy sector. Read the full story.
Civil Society Demands Probe Into Alleged Tax Law Tampering
Nigerian civil society groups demand transparency and a judicial probe into alleged secret alterations to tax laws after National Assembly passage. Calls grow for publishing tax bills and Nigeria-France agreement.
Investors gain N1.7tr in NGX Santa-Claus rally
The Nigerian stock market's Santa-Claus rally intensified last week, adding N1.7 trillion to investor wealth. Market capitalisation hit N96.94 trillion as pre-Christmas buying boosted key sectors. Read the full analysis.
Dangote Demands Retraction or Faces N100bn Suit
Aliko Dangote gives Kaduna businessman Kailani Mohammed 7 days to retract libellous publication accusing him of 'unclean business' or face a N100 billion lawsuit. Full details.
Why Africa's Green Transition Needs a Development Focus
A new report warns Africa's climate strategy must combine debt relief with low-carbon growth to ensure the green transition delivers real development dividends, not just emissions cuts.
NSIA's 2025 Review: $3B Assets, Key Projects
Nigeria's Sovereign Wealth Fund, NSIA, surpasses $3 billion in assets in 2025, launching major projects in healthcare, renewable energy, and tech innovation. Read the full review of a year of progress.
Developer Urges Coordinated Approach on Housing Challenge
TAF Africa Global's MD, Mustapha Njie, advocates for government incentives and mortgage expansion to address Nigeria's housing crisis during the commissioning of 1,000 homes in Port Harcourt.
NAICOM Expands Takaful Insurance for Market Inclusion
NAICOM pushes for Takaful insurance growth to include underserved Nigerians. New 2025 law provides legal backing. Read how this ethical model will reshape the industry.
Wema Bank Hackaholics 6.0 Awards N120m to Tech Talents
Wema Bank's Hackaholics 6.0 has empowered young Nigerian innovators, awarding N120 million in cash prizes. Discover the winners and the bank's commitment to STEM and youth development.
GEF stakes $372m on Nigeria, Africa environment projects
The Global Environment Facility approves over $372 million to tackle urgent environmental issues in Nigeria and other nations. The funds target biodiversity, climate change, and pollution.
World Bank Approves $500m for Nigerian MSMEs
The World Bank has greenlit a $500 million package to boost credit access for Nigeria's MSMEs. The FINCLUDE project targets women-led and agribusiness firms to drive growth and jobs. Read more.
Asian Markets Rally on US Rate Cut Hopes, AI Worries Subside
Asian stock markets climbed Monday as US data fueled expectations for 2026 interest rate cuts. Tech stocks led gains while gold hit a record high. Get the full market analysis.
Supreme Court rules for Fidelity Bank in N30bn debt suit
Nigeria's Supreme Court has delivered a final judgment in a two-decade debt dispute, ruling in favour of Fidelity Bank. The court set key terms for the N30 billion repayment. Read the full details.
Ogun suspends 3 firms for environmental pollution
Ogun State Government suspends three environmental consultancy firms for negligence in enforcing pollution laws at battery recycling plants in Ogijo. Read the full report.
PenCom Hails FG's N758bn Pension Bond Disbursement
PenCom DG Omolola Oloworaran reveals the N758bn pension bond has been cashed, with over N600bn released to beneficiaries. Pension assets now stand at N27 trillion.
Developer Harps on Quality Housing, Tackles Inflation
Prindex Properties MD Tolu Bawa-Allah emphasizes unwavering quality in Lagos real estate. Firm uses strategic partnerships to combat inflation, targets diaspora investors during Detty December.
NOVA Bank Opens Owerri Office, Gets Land for HQ
Imo State Governor Hope Uzodinma pledges land for NOVA Bank's permanent regional headquarters in Owerri. The new flagship office aims to boost SME support and job creation across South-East and South-South Nigeria.
NIBSS assures seamless festive e-payments
NIBSS promises hitch-free digital transactions this yuletide, backed by N384 trillion quarterly volume. FCCPC warns transporters against arbitrary fare hikes. Read more.
NCRIB Calls for Stronger Synergy Among Insurers
NCRIB President Ekeoma Ezeibe calls for a unified insurance industry to unlock Nigeria's economic potential. Learn how collaboration can drive growth and innovation.
Lagos, NIOB Partner on Physical Planning and Development
Lagos State Government commits to collaboration with NIOB to enforce building standards, ensure safety, and promote sustainable urban growth. Learn about the new regulatory push.
Greensand Project to Store CO2 Under North Sea in 2025
Denmark's North Sea, once an oil hub, will soon store imported European CO2. The Greensand CCS project, led by Ineos, aims to bury 400,000 tonnes annually, marking a major shift in fighting climate change. Read more.
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