Business Archives - Page 8 of 55

Chika Mbonu: Dangote Refinery Is Refinery For Africa

NewsDeskNgApr 14, 2026April 14, 20260

Chika Mbonu says Dangote Refinery ends Africa’s fuel import dependence and strengthens regional energy independence. A business analyst, Chika Mbonu, has described the Dangote Refinery as a transformative project capable of reshaping Africa’s energy landscape, stating that the facility effectively positions itself as “the refinery for Africa” by reducing the...

Customs Deploys AI To Boost Revenue And Strengthen Transparency, Accountability

NewsDeskNgApr 14, 2026April 14, 20260

Customs launches AI systems to enhance revenue collection, detect irregularities, improve monitoring and deepen transparency and accountability across operations nationwide. Comptroller-General, Nigeria Customs Service (NCS), Mr. Adewale Adeniyi, on Monday flagged-off a capacity building programme for the adoption of Artificial Intelligence (AI) to boost customs revenue operations, curb leakages and...

NERC Orders TCN To Cut Transmission Loss To 6.5%, Issues New Mini-Grid Regulation

NewsDeskNgApr 14, 2026April 14, 20260

NERC directs TCN to reduce transmission losses, introduces reporting framework and unveils mini-grid regulation to expand electricity access nationwide. The Nigerian Electricity Regulatory Commission (NERC) has issued Order No. NERC/2026/026 to improve transparency and efficiency in Nigeria’s power grid through enhanced reporting of regional Transmission Loss Factors (TLF). A NERC...

Dangote Plans Landmark Multi-Exchange Listing Of $20bn Refinery Across Africa

NewsDeskNgApr 13, 2026April 13, 20260

Dangote considers cross-border listing of refinery shares, aiming to deepen African capital markets and attract wider investor participation. Africa’s richest industrialist, Aliko Dangote, is considering a multi-exchange listing of his $20 billion oil refinery, in a move that could mark one of the most significant cross-border public offerings in Africa’s...

World Bank Pulls Nigeria Report, Clarifies Position On Petrol Importation

NewsDeskNgApr 11, 2026April 11, 20260

World Bank removes Nigeria report from website, clarifies petrol import stance, emphasises social protection and gradual transition to competitive market. The World Bank has removed its latest Nigeria Development Update (NDU) report from its website, days after its initial publication, even as the Washington-based institution moved to clarify its position on petrol...

World Bank Cuts Nigeria 2026 Growth Forecast To 4.1% On Weak Investment, Structural Constraints

NewsDeskNgApr 9, 2026April 9, 20260

World Bank trims Nigeria’s 2026 growth outlook to 4.1 percent, citing structural challenges, weaker investment and global uncertainties. The World Bank has downgraded Nigeria’s economic growth projection to an average of 4.1 percent in 2026, down from its earlier estimate of 4.4 percent. In October 2025, the global lender had...

Unilever Nigeria Faces Major Shift As Parent Company Moves To Merge Foods Business With McCormick

NewsDeskNgApr 9, 2026April 9, 20260

Unilever Nigeria faces restructuring impact as parent company plans global foods merger with McCormick. Unilever Nigeria Plc says it may lose control over its foods business following a major global restructuring plan announced by its parent company, Unilever Plc, which is set to merge its global food segment with McCormick...

Report: Nigeria’s Elite Carry On In ‘Business As Usual’ Manner Despite Deepening Hardship

NewsDeskNgApr 9, 2026April 9, 20260

BTI report says political elite maintain status quo as inflation, poverty rise, weakening trust in institutions and worsening economic conditions nationwide. Nigeria’s political and economic elite have largely continued to operate in a “business as usual” manner despite worsening living conditions for the majority of citizens, according to the Bertelsmann...

Dangote Refinery Affirms PMS Price Stability, Denies Increase

NewsDeskNgApr 8, 2026April 8, 20260

Dangote Refinery says PMS price remains unchanged, assures steady supply to stabilise Nigeria’s fuel market amid volatility concerns. Dangote Petroleum Refinery & Petrochemicals has reaffirmed that the price of Premium Motor Spirit (PMS), commonly known as petrol, remains unchanged, allaying concerns over possible volatility in Nigeria’s downstream petroleum market. A...

Powering the Dreams of Young Nigerians — See Why Everyone Is Buying the itel City 200

NewsDeskNgApr 8, 2026April 8, 20260

In a fast-paced digital world where smartphones are more than just communication tools, young Nigerians are seeking devices that match their ambition, hustle, and lifestyle. Enter the itel City 200 — a game-changing smartphone that is quickly becoming the go-to choice for value-driven consumers across the country. Built for the...