Business Archives - Page 7 of 47

Dangote Refinery Hikes Petrol Ex-Depot Price To N874 Amid Crude Oil Surge

NewsDeskNgMar 3, 2026March 3, 20260

Dangote Refinery raises petrol gantry price by N100 as global crude volatility pushes replacement costs higher. The Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) or petrol gantry price by N100, raising the ex-depot rate from N774 to N874 per litre, amid renewed volatility in global crude oil...

FAAN Announces Middle East Flight Disruptions After US–Israel Strikes On Iran

NewsDeskNgMar 1, 2026March 1, 20260

FAAN has confirmed cancellations and delays to Middle East routes as regional airspace closures disrupt operations. The Federal Airports Authority of Nigeria (FAAN) has announced flight disruptions to several Middle East destinations following airspace closures triggered by the United States–Israeli strikes on Iran. In a statement issued on Saturday via...

Wale Edun Hails 4.07% GDP Growth In Q4 2025

NewsDeskNgMar 1, 2026March 1, 20260

Finance minister Wale Edun has praised Nigeria’s 4.07% growth in Q4 2025. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has welcomed the latest data from the National Bureau of Statistics (NBS) showing that Nigeria’s real Gross Domestic Product (GDP) grew by 4.07per cent in the...

SunTrust Bank Surpasses ₦50bn Recapitalisation Target After Successful Private Placement

NewsDeskNgFeb 28, 2026February 28, 20260

SunTrust Bank’s paid-up capital climbed to about ₦51.1bn after private placement, beating the recapitalisation deadline. SunTrust Bank Nigeria Limited has exceeded the ₦50 billion recapitalisation benchmark following the successful completion of its private placement exercise. Industry sources indicate that the bank’s total paid-up capital has risen to approximately ₦51.1 billion,...

FG: First Gas From AKK Pipeline To Flow By July 2026

NewsDeskNgFeb 28, 2026February 28, 20260

Nigerian government says Ajaokuta-Gwagwalada segment of AKK pipeline will boost industrial growth, deepen CNG adoption and advance gas-first strategy. The federal government Thursday declared that the first gas from Ajaokuta-Gwagwalada segment of the $2.8 billion Ajaokuta–Kaduna–Kano (AKK) Pipeline Project will flow by July 2026, marking a structural turning point in...

Advisers Emerge For Dangote Refinery Planned Listing On Nigerian Exchange Limited

NewsDeskNgFeb 28, 2026February 28, 20260

Dangote Refinery moves toward NGX listing with Stanbic IBTC Capital, First Capital and Vetiva Capital Management as advisers. As the Dangote Refinery prepares for its landmark listing on the main board of the Nigerian Exchange Limited (NGX), indications emerged on Friday that Stanbic IBTC Capital, a leading investment bank in...

Keyamo Initiates N21bn NAMA Headquarters Project

NewsDeskNgFeb 27, 2026February 27, 20260

Aviation minister Keyamo breaks ground on NAMA’s new headquarters and ATM centre, advancing unified, modernised airspace management in Nigeria. The Minister of Aviation and Aerospace Development, Festus Keyamo, on Thursday performed a groundbreaking ceremony for the construction of new corporate headquarters and Air Traffic Management (ATM) Center of the Nigerian...

NDIC Records 97% 2025 Budget Performance, Proposes N589.89bn For 2026

NewsDeskNgFeb 27, 2026February 27, 20260

NDIC records 97% 2025 budget performance and proposes N589.89bn 2026 spending, projecting surplus and increased federal remittances. The Nigeria Deposit Insurance Corporation (NDIC) recorded 97 per cent implementation of its 2025 budget. The Chairman of the House of Representatives Committee on Insurance and Actuarial Matters, Hon. Ahmed Jaha, made this...

Seplat Revenue Jumps 144% To $2.72bn As Production Surges 148% In 2025 Audited Results

NewsDeskNgFeb 27, 2026February 27, 20260

Seplat posts 144% revenue growth to $2.72bn in 2025, lifts output 148%, cuts costs, boosts dividends by 52%. Seplat Energy Plc Thursday reported a 144.2 per cent surge in revenue to $2.726 billion for the full year ended December 31, 2025, as group production jumped 148 per cent to 131,506...

Transcorp Hotels Shareholders Endorse N13bn Dividend As Revenue Climbs To N97bn

NewsDeskNgFeb 27, 2026February 27, 20260

Transcorp Hotels secures shareholder approval for N13bn dividend after 38% revenue growth to N97bn and 45% surge in profit. Shareholders of Transcorp Hotels Plc, Thursday approved the sum of N13 billion as dividend for the 2025 financial year. This translated to a total N1.30 kobo per share. Shareholders also commended...