Nigeria’s Dangote Refinery is set to open its much-anticipated initial public offering (IPO) soon. Aliko Dangote says the IPO will launch within 10 to 12 days. The announcement has sparked fresh interest in the massive refinery project. The refinery is Africa’s largest and is owned by Nigeria’s richest man. Speaking to investors and analysts in…
Uber is leaving Nigeria after 12 years, ending its ride-hailing operations in the country on September 2, 2026. The company announced the decision in an email to users. “After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026,” Uber said. Uber…
Nigerian businessman and social media personality BLord has claimed that a bank offered him a ₦12 billion loan. He said he initially requested ₦5 billion to expand his gadget business. According to BLord, the bank contacted him after reviewing his request. He claimed the bank questioned why he asked for only ₦5 billion. The businessman…
WhatsApp will start charging some businesses for messages sent through its Business Platform from October 1, 2026. Meta, the parent company of WhatsApp, announced the change in a pricing update released in July 2026. The new charges will affect companies that use the official WhatsApp Business Platform to manage customer conversations at scale. Likely Businesses…
OPay is reportedly preparing to list its shares on the Nigerian Exchange (NGX). The move could become one of Nigeria’s biggest technology listings. However, the company has not disclosed the listing date or offer details. The planned NGX listing comes as OPay prepares for a possible US initial public offering. The fintech is reportedly targeting…
Klaus-Michael Kühne, the German billionaire, has died at 89 with a fortune worth about $49 billion. His death marks the end of an era for his global business empire. Kühne had no children, so his wealth will move to the Kühne Foundation in Switzerland. The foundation will become one of Europe’s largest. It will oversee…
Dangote Petroleum Refinery has raised its petrol price by N15 per litre. The new gantry price is now N1,200 per litre. The adjustment takes effect today, Wednesday, August 26. This latest hike comes only five days after another N20 increase. Dangote had raised the price from N1,165 to N1,185 on August 20. That means petrol…
The Trump family is moving closer to entering the US banking business. World Liberty Financial, a Trump-linked crypto company, has received preliminary approval for a national bank. The approval came from the Office of the Comptroller of the Currency (OCC). However, the company must meet more conditions before getting final approval. If approved, it would…
KPMG Australia is cutting 387 jobs as the firm faces growing business pressure. The cuts include 27 partners and 360 employees. Chief executive John Sams announced the decision during an all-staff meeting on Monday. He also warned that tough times could continue into 2027 and beyond. The accounting giant is struggling with a major drop…
Binance has restricted transactions with 17 crypto platforms, including three linked to Nigeria, following recent regulatory developments. Binance has stopped processing transactions involving 17 cryptocurrency platforms and service providers. The move affects firms operating in Nigeria and several other countries. In Nigeria, the affected platforms include A7 Nigeria, A7 Africa and PilotFinance Ltd. Binance said…
