Business

Africa’s richest businessman, Aliko Dangote, has reportedly closed a nearly $2.5 billion private equity placement for Dangote Petroleum Refinery & Petrochemicals FZE, in what analysts describe as a significant milestone ahead of the company’s anticipated initial public offering (IPO), which is expected to be the largest in Africa’s history. According to a Bloomberg report, the transaction involved the sale of …

…He says the debt increase of over N40tn resulted from the depreciation of Naira …Explain to the Senate the ways and means of securitization of N33tn Daud Olatunji Finance Minister and Coordinating Minister for Economy, Taiwo Oyedele, on Monday said the sharp rise in Nigeria’s public debt from about N75tn to over N140tn under the administration of President Bola Tinubu …

The Abia State Government and other South East governments, experts, stakeholders, community leaders and civil society organizations have been urged to urgently strengthen flood preparedness and climate adaptation measures following forecasts by the Nigerian Meteorological Agency (NiMet) of increased rainfall and thunderstorms in several parts of the country. The appeal was made by the Foundation for Environmental Rights, Advocacy and …

The trial of the former governor of Jigawa State and his two sons, Aminu Lamido and Mustapha Lamido at the Federal High Court, Maitama, Abuja, before Justice Ijeoma Ojukwu was stalled on Monday, July 20, 2026 due to the absence of the lead defense lawyer, Joe Agi, SAN. The Economic and Financial Crimes Commission, EFCC, is prosecuting the defendants on …

President Bola Tinubu has approved 26 appointments across 10 federal government agencies and commissions, appointing former Ekiti governor, Ayo Fayose, as the Chairman of the Rural Electrification Agency (REA). This is contained in a statement released on Monday in Abuja by the presidential spokesperson, Bayo Onanuga. Tinubu also appointed the retired Maj. Gen. Junaid Bindawa as Chairman of the National …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has invited qualified companies to its highly anticipated commercial bidding conference scheduled for July 21, 2026. These companies that have passed the transparent and rigorous process have been notified and are expected to physically attend the commercial bidding conference to be held at the Conference Centre, Transcorp Hilton Hotel, Abuja. Participation is strictly …

Post views: 74 By Silvernews A new controversy has emerged over the organization of the 2026 Iri-Ji Mbaise cultural festival, as the Ndi Ezeji Mbaise leadership has publicly distanced itself from Ezuruezu Mbaise’s planned activities, citing exclusion, violation of tradition and disregard for established agreements. In a public statement signed by its Public Relations Officer, Ezeji Anistus Ogu, Ndi …

Nigeria Democratic Congress vice-presidential candidate in the 2027 general elections, Rabiu Kwankwaso, has said an Obi-Kwankwaso administration would not rule out dialogue with terrorists and other criminal groups as part of efforts to address Nigeria’s worsening insecurity. Kwankwaso said the proposed engagement would complement community-based intelligence and security operations aimed at putting an end to banditry, terrorism and other violent …

The Economic and Financial Crimes Commission, EFCC, has arraigned former CEO of Warri Refining and Petrochemical Company Ltd, Jimoh Olasunkanmi Yisawu before Justice Inyang Ekwo of the Federal High Court sitting in Abuja for alleged money laundering to the tune of N1.339 billion. He was arraigned on Monday, July 20, 2026, on eight counts of alleged money laundering. One of …

Post views: 100 The President of the Delta State Athletics Association, Malik Itiako Ikpokpo, has lauded the leadership of the National Sports Commission (NSC), describing the current administration led by President Mallam Shehu Dikko and Director General Hon. Bukola Olopade as intentional, proactive and highly collaborative. Speaking to FAKS MEDIA, Ikpokpo said the main difference between the current NSC …