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BUSINESS9h agoNigeria's Dangote refinery kicks off blockbuster IPONigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealth potentials. Trading is expected to start in November. Meanwhile, global oil prices continued to advance as attacks by Yemen's Houthi rebels forced Saudi Arabia to shut down its East-West oil pipeline.France 24 [en]
BUSINESS9h agoNigerian oil refinery Dangote aims to raise 1.6 billion dollarsIn tonight's edition, Nigeria's Dangote refinery opens itself to public ownership with plans to raise 1.6 billion dollars from retail investors across the continent. Also, President Felix Tshisekedi calls on the National Service to clean up the streets of Kinshasa. And with a month and a half to go until the Youth Olympic Games begin, the Olympic flame begins its tour of Senegal, the tournament's host country.France 24 [en]
BUSINESS10h agoNigeria’s oil output rises 0.4% in AugustThe Nigeria Upstream Petroleum Regulatory Commission disclosed this in its crude oil and condensate statistics report released on Sunday. The post Nigeria’s oil output rises 0.4% in August appeared first on Premium Times Nigeria.Premium Times
BUSINESS11h agoNigerian and Canadian Gambling Industries ComparedNigeria and Canada are among the world’s most active gambling markets, but they have developed in very different economic and regulatory environments. Both are experiencing rapid digital growth, rising mobile participation and increasing pressure to protect consumers, yet their dominant products, payment systems and levels of regulatory maturity differ considerably. Two Large but Unequal Markets […] The post Nigerian and Canadian Gambling Industries Compared appeared first on Vanguard News.Vanguard Nigeria
BUSINESS12h agoSyria fuel crisis exposes risks for Nigeria, other nationsBy Udeme Akpan Syria’s latest fuel crisis has highlighted the vulnerability of countries that depend heavily on imported crude, refined products or foreign energy supplies, with implications for Nigeria and other developing economies.Syria raised diesel prices by 40% and gasoline prices by up to 28% following rising global procurement costs and disruptions to its domestic […] The post Syria fuel crisis exposes risks for Nigeria, other nations appeared first on Vanguard News.Vanguard Nigeria
BUSINESS13h agoNigerian government raises ₦729 billion bond to tackle power sector debtThe Federal Government has raised ₦728.9 billion through the Series 2 issuance under its ₦4 trillion Power Sector Multi-Instrument Issuance Programme, bringing the total raised under the debt reduction programme to more than ₦1.1 trillion. The post Nigerian government raises ₦729 billion bond to tackle power sector debt appeared first on Premium Times Nigeria.Premium Times
BUSINESS13h agoNigeria rejoins J.P. Morgan Global Bond Index after 11 yearsNigeria’s inclusion in a J.P. Morgan global bond index is expected to attract about $17.5 billion into the country’s debt market and lower bond yields by up to 200 basis points. The post Nigeria rejoins J.P. Morgan Global Bond Index after 11 years appeared first on Premium Times Nigeria.Premium Times
BUSINESS15h agoNNPC activates multiple pathways to transform Nigeria into global gas hub —OfficialNNPC says it is pursuing multiple pathways to expand Nigeria’s gas production, boost domestic utilisation and strengthen its position as a major global LNG supplier. The post NNPC activates multiple pathways to transform Nigeria into global gas hub —Official appeared first on Premium Times Nigeria.Premium Times
BUSINESS16h agoNigeria: What's the real motivation behind Dangote's IPO 'for the people?'Dangote is seeking $1.6 billion from investors to finance a $14.3 billion expansion and thus double the refinery's capacity. The offer could give millions of Nigerians a stake in the company. But who can truly afford it?DW News [en]
BUSINESS16h agoIPO 'for the people' is out of reach for many in NigeriaDangote seeks $1.6 billion from investors to finance a $14.3 billion expansion and thus double the oil refinery's capacity. The offer could give millions of Nigerians a stake in the company. But who can truly afford it?DW News [en]
BUSINESS17h agoNigeria, India aim to rebuild trade to $15bn as Modi pushes for more crude purchases—Expand cooperation in defence, pharmaceuticals, digital technology, fintech, renewable energy, creative industries By Johnbosco Agbakwuru ABUJA — NIGERIA and India have agreed to strengthen their strategic economic ties, with India seeking to resume crude oil purchases from Nigeria as both countries work to restore bilateral trade to its previous peak of nearly $15 billion. The […] The post Nigeria, India aim to rebuild trade to $15bn as Modi pushes for more crude purchases appeared first on Vanguard News.Vanguard Nigeria
BUSINESS17h agoNigeria, India Target $15bn Trade Revival As Modi Seeks Renewed Crude PurchasesBeyond the oil sector, both countries agreed to strengthen cooperation in key areas, including fintech, digital public infrastructure and the creative industries. The post Nigeria, India Target $15bn Trade Revival As Modi Seeks Renewed Crude Purchases appeared first on Channels Television.Channels TV
BUSINESS19h agoNigerian newspapers review: Fuel price rises, deepens pressure on transporters, businesses, othersIn today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the surge in international crude oil prices above $100 per barrel which is pushing up petrol prices across Nigeria, with major marketers raising pump prices and creating fresh pressure on transporters, commuters, households and businesses. The post Nigerian newspapers review: Fuel price rises, deepens pressure on transporters, businesses, others appeared first on Vanguard News.Vanguard Nigeria
BUSINESS22h agoNigeria's Dangote bills refinery IPO as chance for ordinary Africans to buy inShares in Africa’s largest oil refinery went on sale on Monday with the initial public offering of Dangote Petroleum Refinery and Petrochemicals. Owner Aliko Dangote, the continent's richest man, says it's a chance for ordinary Africans to buy in.Africanews [en]
BUSINESS22h agoUS says removal of maritime restrictions on Nigeria will improve shipping operationsMr Garcia described the removal of US restrictions as evidence of the country’s “sustained strengthening of port security and anti-terrorism compliance.” The post US says removal of maritime restrictions on Nigeria will improve shipping operations appeared first on Premium Times Nigeria.Premium Times