Business

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparing for its much-anticipated listing on the capital market, in accordance with the Petroleum Industry Act (PIA) 2021. This was disclosed on Thursday by the company’s Chief Corporate Communications Officer, Olufemi Soneye, in a statement from Abuja. According to Soneye, NNPC Ltd’s …

A new report by SBM Intelligence has revealed that Nigeria’s ongoing farmer-herder conflict has reached a critical level, displacing over 2.2 million people and exacerbating food insecurity across the country. Titled “A Threat to National Stability: How the Escalating Conflict Between Herders and Farming Communities in Nigeria’s Middle Belt Has Spread South While Maintaining Its Grip on the Country’s Food …

Drivers of LagRide, the Lagos State-backed ride-hailing platform, have announced plans to protest after the company threatened to involve the Lagos State Task Force in arresting them over alleged misconduct. The conflict comes after CIG Motors Co. Ltd, a Chinese state-owned automaker, took over LagRide’s management following the exit of its original developer, Zenolynk Technology Ltd, earlier in March. In …

As part of efforts to strengthen international partnerships, Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, recently visited the Airbus Operations Facility in Getafe, Madrid Airbus’ largest industrial hub in Spain. During the visit, Tuggar engaged in high-level discussions with key Airbus executives, including Juan Sell, Head of Public Affairs in Spain, and Luis Hernanperez Fernandez, Vice President and Head of …

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the bank’s dedication to fostering intellectual discourse and policy-driven solutions. Speaking in Abuja while hosting a delegation from the Harvard Kennedy School (HKS) as part of their Africa Trek, Cardoso emphasized the importance of knowledge exchange and collaboration in strengthening Nigeria’s financial system. The delegation included …

The United States has imported over two million barrels of jet fuel from Nigeria’s Dangote Refinery, marking a major milestone for the $19 billion facility. The Dangote Group announced the historic transaction on Tuesday, emphasizing the growing global influence of its 650,000 barrels-per-day refinery, the world’s largest single-train refining facility, located in Lagos. According to data from ship-tracking service Kpler, …

The National Cashew Association of Nigeria (NCAN) has called on President Bola Tinubu to take urgent action against the illegal export of cashews, which is causing massive revenue losses for the country. Speaking on Tuesday, NCAN President, Dr. Joseph Ajanaku, accused some Nigerian Customs Service officials of colluding with foreign buyers to export cashews without proper documentation, leading to significant …

The German government has concluded plans to revolutionise Nigeria’s agricultural sector by investing in cold chain infrastructure to mitigate food waste to improve food security across the country. This was made known at the official kick off of the 2025 edition and the 10th anniversary of the agrofood & plastprintpack Nigeria exhibition and conference held at the Landmark Event Centre …

FirstBank has reaffirmed its leadership in digital banking with the expansion of its Digital Xperience Centre, a state-of-the-art facility designed to deliver cutting-edge financial services. Speaking at the launch, Managing Director/CEO Olusegun Alebiosu emphasized the bank’s commitment to global banking standards. “The Digital Xperience Centre is equipped with state-of-the-art features designed to provide a seamless and interactive banking experience,” Alebiosu …

The Federal Government has announced a strategic partnership with Brazilian livestock company JBJ Brazil to establish a massive 100,000-hectare cattle ranch in Niger State. The initiative aims to accommodate 100,000 bulls and significantly enhance livestock production in Nigeria. Minister of Livestock Development, Malam Idi Mukhtar, disclosed the plan during his visit to Governor Umaru Bago in Minna on Monday, as …