Business

Renowned African industrialist and philanthropist, Aliko Dangote, has been named among TIME Magazine’s 100 Most Influential People in the World for 2026, reaffirming his standing as one of the most successful and iconic business leaders of his generation.

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Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand its capital base, and accelerate strategic initiatives.

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The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their successful acquisition by new owners under the Purchase and Assumption (P&A) resolution model executed by the Corporation. 

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The Director General of the Nigerian Maritime Administration and Safety Agency NIMASA, Dr. Dayo Mobereola, has described beneficiaries of the Nigerian Seafarers Development Programme (NSDP) who recently obtained their Certificates of Competency (CoC) as worthy ambassadors of Nigeria, noting their commendable character and professionalism.

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CAPTION: The President/Chief Executive of Dangote Industries Limited, Aliko Dangote (right) presenting a souvenir to the President of World Bank Group, Mr. Ajay Banga during a meeting in his office today at the side of the IMF/WBG Spring Meetings in Washington DC, USA.

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Guinness Nigeria Plc has announced an interim dividend of ₦2.00 per ordinary share for the quarter ended 31 March 2026, signalling a strong earnings recovery and renewed focus on shareholder returns.

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The Securities and Exchange Commission (SEC) has directed an immediate freeze on the assets of 13 newly identified entities linked to terrorism financing within Nigeria’s capital market.

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The Spirits and Wines Association of Nigeria (SWAN) has announced a one-day stakeholder workshop focused on combating illicit trade in the spirits and wines industry.

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Dangote Petroleum Refinery & Petrochemicals has recorded a major milestone in Nigeria’s energy history, exporting 44,000 barrels per day (b/d) of gasoline in March 2026, an achievement that has positioned Nigeria as a net exporter of petrol for the first time ever, with a surplus of approximately 3,000 b/d during the month.

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By Precious Nwonu “There’s a kind of chain reaction that happens. When there is conflict in a major oil-producing region, the first thing you usually see is an increase in crude oil prices. That then feeds into refined fuel prices, petrol, diesel, aviation fuel, and so on,” said Head of Insights at SBM Intelligence, Victor Ejechi, in an exclusive interview …

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