Business Archives - Page 7 of 57

Samsung Family Completes Record $8bn Inheritance Tax Payment In South Korea

NewsDeskNgMay 4, 2026May 4, 20260

Samsung’s founding family has completed payment of a record $8bn inheritance tax bill in South Korea The family behind South Korean conglomerate Samsung has fully paid a 12 trillion won (about £6bn or $8bn) inheritance tax bill, marking the largest such settlement in the country’s history. The payment, completed in...

OPay Eyes $4bn US IPO, Engages Citigroup, Deutsche Bank, JPMorgan

NewsDeskNgMay 3, 2026May 3, 20260

Opay targets $4bn valuation in potential US IPO, leveraging large customer base and transaction volumes to attract global investors. Opay, a financial technology firm, has engaged Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. as it advances plans for an initial public offering (IPO), leveraging its massive customer...

NUPRC, NLNG Deepen Partnership To Boost Gas Production, Supply

NewsDeskNgMay 3, 2026May 3, 20260

NUPRC says collaboration with NLNG will strengthen gas production and supply, as TotalEnergies launches school safety programme in Nigeria. The Commission Chief Executive (CCE) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyewa Eyesan, has reaffirmed the NUPRC’s commitment to enabling a business-friendly environment and advancing the federal government’s...

Dangote Refinery Begins Direct Jet Fuel Supply To Ethiopian Airlines

NewsDeskNgMay 2, 2026May 2, 20260

Dangote Refinery has begun direct aviation fuel deliveries to Ethiopian Airlines, marking entry into international jet fuel supply chain markets. The Dangote Petroleum Refinery has commenced direct aviation fuel deliveries to Ethiopian Airlines, marking a significant step in Nigeria’s entry into the international jet fuel supply chain. The development, disclosed...

Alake Says Nigeria’s Solid Minerals Revenue Rises To ₦68.1bn

NewsDeskNgMay 1, 2026May 1, 20260

Nigeria’s solid minerals revenue hit ₦68.1 billion in 2025, as government reports higher royalties, output growth, and expanded cooperatives. The federal government has said the total 2025 revenue from Solid Minerals reached about N68.1 billion, while remittances into the Federation Account amounted to N63.92 billion in the first eleven months...

CPPE Calls For Shift From Wage Rises To Broader Workers’ Welfare Reform

NewsDeskNgMay 1, 2026May 1, 20260

CPPE urges Nigeria to move beyond wage hikes, advocating reforms in healthcare, transport, energy, and job security to improve welfare. The Centre for the Promotion of Private Enterprise (CPPE) has called for a fundamental shift in labour advocacy in Nigeria, from a narrow wage-centric approach to a broader and more...

Bangladesh Seeks Stronger Nigeria Ties, Cites Untapped Economic And Cultural Opportunities

NewsDeskNgApr 30, 2026April 30, 20260

Bangladesh is calling for deeper Nigeria ties, highlighting trade, education, and investment opportunities The High Commissioner of Bangladesh to Nigeria has reaffirmed the commitment of both countries to deepen bilateral relations, describing Bangladesh and Nigeria as natural partners bound by shared aspirations for development, cultural understanding, and global cooperation. Speaking...

Keyamo Named Among Africa’s Top Four Aviators At IATA Conference In Addis Ababa

NewsDeskNgApr 29, 20260

IATA names Festus Keyamo among Africa’s top aviators, citing reforms and rising investor confidence in Nigeria aviation sector Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has been named among Africa’s top four most prominent aviators by the International Air Transport Association at its ongoing conference in Addis Ababa....

Dangote Refinery Jet Fuel Exports Jump 770% In Two Years, Capture Global Market Share

NewsDeskNgApr 27, 2026April 27, 20260

Dangote Refinery rapidly expands exports to Europe and Africa, while NNPC reports five-year peak in crude oil trading volumes. Jet fuel exports from the Dangote Refinery have surged by about 770 per cent over the past two years, driven by rising global demand for aviation fuel and expanding refining capacity,...

Shoreline, NUPRC Reaffirm Commitment To Nigeria’s Energy Growth And Upstream Development

NewsDeskNgApr 27, 2026April 27, 20260

Shoreline and NUPRC pledge stronger collaboration to boost upstream production, regulatory alignment and Nigeria’s long-term energy development goals. The Managing Director of Shoreline Natural Resources Limited, Mr. Tunde Karim, has paid a visit to the Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, with...