The Dangote Petroleum Refinery has signed an offtake agreement with 12 major and independent oil marketers to distribute 60–65 million litres of petrol daily across Nigeria. However, this landmark deal in the downstream oil sector is expected to stabilize fuel supply and enhance Nigeria’s self-sufficiency in petrol production. Key Details Aliko Dangote, Chairman of Dangote…
Tyra Banks is caught in a heat legal battle over her ice cream brand. Accusing a Washington, D.C. landlord of trying to exploit her fame in what she describes as a “celebrity shakedown.” Tyra Seeks Over $50,000 in Penalties Court documents reveal that Tyra is seeking over $50,000 in penalties. After the landlord sued her…
The Federal Government of Nigeria is working on new ways. To make foreign-currency savings and investments easier for everyday Nigerians, including those living abroad. This effort is part of a larger plan to boost financial inclusion and strengthen the country’s capital markets. Mr. Wale Edun, the Honourable Minister of Finance and Coordinating Minister of the…
Beauty entrepreneur Laura Ikeji Kanu has once again raised concerns. About the rising cost of renting business spaces in Lagos State and its impact on small and medium-sized enterprises (SMEs). In a video shared on her Instagram page, Laura urged the government to take action. She suggested that if authorities cannot regulate the soaring shop…
Pavel Durov, the Russian-born founder of Telegram, revealed on Tuesday, February 24, that Russian authorities are investigating him for allegedly “aiding terrorism.” This marks another escalation in Moscow’s ongoing efforts to block the popular messaging app. Russia has restricted access to Telegram and WhatsApp, the country’s two most-used messaging platforms. Authorities are pushing users toward…
Popular comedian Mr. Jollof has stirred up online discussions by defending President Bola Ahmed Tinubu. And criticizing Nigerians who question his achievements since taking office in 2023. In a viral video shared on his Instagram page, Mr. Jollof claimed that people questioning the President’s accomplishments. Either aren’t paying attention or don’t genuinely care about Nigeria’s…
The South-East Development Commission (SEDC) has sought legislative approval for a N140 billion budget for 2026. The commission also revealed its ambitious plan to transform the South-East into a $200 billion economy within the next decade. This announcement made on Tuesday by the commission’s Managing Director, Mark Okoye, during a budget defence session with the…
FCMB Group Plc has been gaining strong momentum on the Nigerian Exchange (NGX). Attracting growing interest from both retail and institutional investors. As of February 23, 2026, FCMB shares are trading at ₦12.35 per share. A notable rise from their 52-week low of ₦8.35 per share. This growth reflects consistent market confidence in the Group’s…
The Kano State Government has inaugurated a 23-member committee to oversee the distribution of N8 billion in financial aid and relief materials to traders affected by the devastating fire at Singer Market. The fire, which struck the Singer Market in two separate incidents, caused significant economic losses. Goods worth billions of naira destroyed, wiping out…
Africa’s startup industry began 2026 at a slower pace. With total startup funding dropping significantly as investments remained concentrated among a few dominant players. In January 2026, 28 startups raised $177.1 million. A sharp decline from the $349.1 million secured across 75 deals in December 2025. This figure is also lower than the $292.65 million…
