Sterling Bank, Cascador Launch $200m SME Credit Fund
Sterling Bank and Cascador launch a $200m SME Credit Fund designed to unlock up to $1bn in loans for growing Nigerian businesses.
Category: Business
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Sokoto Market Inferno: One Trader Gets N25m as 76 Receive Aid
Sokoto State disburses N143 million to 76 fire disaster victims affected by blazes at the Old Market and Central Motor Park.
Cardoso Explains Why CBN Cut Interest Rate to 23%
CBN Governor Olayemi Cardoso explains why the bank cut interest rates to 23%, citing falling inflation, stronger reserves and fiscal coordination.
Dangote to Prioritise Investors With ₦50,000 And Below in Refinery IPO
Aliko Dangote says investors applying with ₦50,000 or less will get priority in the Dangote Refinery IPO as Nigerians prepare to buy shares
Berkshire Hathaway Invests Another $330 Million in Bending Spoons
Berkshire Hathaway invests another $330 million in Bending Spoons, raising its stake to 4% after an earlier $600 million investment.
Obasanjo, Diri Demand Increase in Niger Delta Oil Revenue
Obasanjo and Bayelsa Governor Douye Diri demand higher Niger Delta oil revenue as the $1bn Azikel Refinery targets completion within 12 months.
Dangote Refinery IPO Draws Huge Investor Interest as Offer Gets Extension
The Dangote Refinery IPO has attracted strong investor interest, with estimated subscriptions reaching N8.61tn. This figure represents four times the offer’s total value of N2.15tn. However, the company has not confirmed the exact amount subscribed. Aliko Dangote, President of Dangote Group, announced the extension on Monday. The company has moved the closing date from October…
Lagos E-Hailing Drivers Begin Indefinite Strike Over Fares
Lagos e-hailing drivers have begun an indefinite strike over fares, commissions, deductions and welfare concerns, demanding better working conditions.
NNPC Restricts N66 Fuel Discount to Motorists Using Its Fuel App Until October 31
NNPC has restricted its N66-per-litre fuel discount to motorists who pay through its mobile app. The promotion now runs until October 31, 2026.
SERAP Sues CBN Over Missing Public Funds
SERAP has taken the CBN to the Federal High Court in Abuja. The lawsuit follows allegations in Volume II of the Auditor-General of the Federation’s 2023 Annual Report, published on August 7, 2026. The report raises concerns about $6.23 million linked to an allegedly fraudulent election-funding request attributed to former President Muhammadu Buhari. It also…