Month: September 2026

The Securities and Exchange Commission (SEC) has approved the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. The company plans to offer 4.1 billion ordinary shares at ₦525 per share, which could raise about ₦2.15 trillion if fully subscribed. The SEC has also registered the company's existing 120.13 billion ordinary shares. The IPO will give Nigerian investors an opportunity to own shares in the Dangote Refinery […]

The Independent National Electoral Commission (INEC) has introduced a new operational strategy to strengthen preparations for the 2027 general elections. The strategy includes a real-time monitoring system to track the readiness of INEC offices across the 36 states and the Federal Capital Territory. INEC Chairman, Joash Amupitan, announced this at a two-day Strategic Operational Workshop for the commission’s Administrative Secretaries in Lagos. A key part of the strategy is the […]

The Osun State Governorship Election Petition Tribunal has displayed petitions filed by the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), challenging Governor Ademola Adeleke’s re-election. The petitions were pasted on the tribunal’s notice board in Osogbo on Monday, formally commencing the legal process over the August 15 governorship election. The APC petition was filed by its candidate, Munirudeen Bola Oyebamiji, against Adeleke, the Accord Party and the […]

Nollywood actress and social media influencer, Nimmy Ferrari, has died. Her death was announced by fellow actress Oluwakemisola Apesin, popularly known as Kemity, who expressed grief over her passing in a social media post. Ferrari’s younger sister was also reported to have confirmed her death following earlier uncertainty over reports circulating online. The actress was reportedly preparing to celebrate the completion of her new home in Sagamu, Ogun State, before […]

The Federal Government says qualified Nigerian shipowners will be able to access up to $25 million each under the Cabotage Vessel Financing Fund (CVFF). The Minister of Marine and Blue Economy, Adegboyega Oyetola, said disbursement of the long-awaited fund would soon begin, more than 20 years after it was established. According to Oyetola, the initiative is aimed at strengthening indigenous shipping, reducing foreign dominance in Nigeria’s maritime sector and creating […]

Nigeria’s ports recorded a 12.3 per cent increase in cargo throughput in the second quarter of 2026, according to the Nigerian Ports Authority’s (NPA) latest operational performance report. Cargo handled rose from 31.83 million metric tonnes in the second quarter of 2025 to 35.74 million metric tonnes during the same period in 2026. The NPA attributed the growth to ongoing reforms and improvements in the maritime sector, noting that the […]

Nigeria’s ambition to build a $1 trillion economy will require massive investment, stronger infrastructure and sustained growth, as the country’s current economic performance remains below the level needed to achieve the target by 2030. The economy grew by 4.43 per cent year-on-year in the second quarter of 2026, up from 3.89 per cent in the first quarter, while first-half growth stood at 4.16 per cent. However, with Nigeria’s economy currently […]