Dangote Petroleum Refinery & Petrochemicals (DPRP) has officially refuted recent claims suggesting the company imports finished petroleum products. The refinery described the allegations as false, misleading, and based on a fundamental misunderstanding of global refining operations. During a media briefing held at the facility on February 5, 2026, the Chief[Read More…]
Business
Stanford Seed Transformation Network Nigeria Hosts New Year Hangout and Inducts New Cohort 15 in Lagos
The Stanford Seed Transformation Network, Nigeria officially kicked off the year with a high-impact event in Lagos on the 17th of January, 2026, combining its annual end-of-year celebration with the formal induction of Cohort 15 members. The event, themed “Connections That Count” brought together influential business leaders, founders, and stakeholders[Read More…]
FirstBank Introduces Exclusive 500-Seater Bleacher at Carnival Calabar & Festival 2025
FirstBank, West Africa’s premier financial institution and financial inclusion services provider, has officially announced its sponsorship of the Carnival Calabar & Festival 2025, unveiling a landmark addition set to redefine the carnival experience — the first-ever private premium seating area at the event. The highlight of FirstBank’s participation is the[Read More…]
FirstBank Powers Mainland Laffs 3.0 to Light Up Lagos
The Balmoral Convention Centre at the Sheraton in Ikeja underwent a remarkable transformation on Sunday December 7th 2025, becoming the epicenter of Lagos Mainland’s entertainment scene as the highly anticipated Legends Decemba/Mainland Laffs 3.0 event unfolded. This spectacular gathering, which brought together an exhilarating blend of comedy, music, dance, and[Read More…]
Nigerian Stock Market Opens November with N246 Billion Loss
The Nigerian stock market started the month of November on a bearish note, with heavy sell pressure leading to a significant drop in market capitalization. The overall market value shed N246 billion as 37 stocks, led by Aradel Holdings Plc, recorded losses. The benchmark All Share Index (ASI) declined by[Read More…]
NNPC Limited Plans to Boost Stake in Dangote Refinery to 20% Amid IPO Preparations
The Nigerian National Petroleum Company Limited (NNPC Ltd) today announced its intention to increase its equity stake in the $20 billion Dangote Petroleum Refinery to 20 per cent, up from its current 7.2 per cent holding. This strategic move aims to significantly strengthen Nigeria’s domestic refining capacity and reinforce national[Read More…]
Stanbic IBTC Reports Exceptional 52% Profit Growth Despite Balance Sheet Contraction in 9M 2025
Stanbic IBTC Holdings PLC (Stanbic IBTC or the Group) has announced a robust financial performance for the nine months ended September 30, 2025, demonstrating remarkable resilience and strategic agility in a challenging economic environment. The Group reported a stellar 52.3% increase in Profit After Tax (PAT), rising to \text{N278.5 billion}[Read More…]
Manufacturing Growth Continues as Credit Falls by N7.72tn
By Paul Onehi The Manufacturers Association of Nigeria (MAN) has reported that credit to the manufacturing sector declined by 9.5 per cent, falling to ₦7.72 trillion as of March 2025, compared to ₦8.53 trillion in December 2024. The association described the development as a setback to the sector’s fragile recovery,[Read More…]
Guinness Nigeria Achieves Strong Turnaround and Revenue Growth in Extended Financial Year
Guinness Nigeria Plc today announced its unaudited financial results for the 15 months ended September 30, 2025, reporting a robust performance that demonstrates significant resilience and strong business momentum despite challenging market conditions. The results follow the company’s approved decision to change its financial year-end from June 30 to December[Read More…]
Dangote Refinery Announces Massive Expansion, Set to Become World’s Largest at 1.4 Million BPD
The Dangote Petroleum Refinery is poised for a major leap, announcing plans to significantly expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd. This ambitious project will position the facility as the largest single-train refinery in the world upon completion. Alhaji Aliko Dangote, President of[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]