- Economy
Dangote refinery cuts aviation fuel price by 5.7%
Dangote Petroleum Refinery & Petrochemicals has announced a reduction in the price of aviation fuel, also known as jet A1, by 5.7 per cent to N1,650 per litre from N1,750 per litre. In a statement on Tuesday, the refinery said the move is aimed at easing cost pressures on airlines and ensuring an uninterrupted petrol supply across the country. The…
Read More » - Economy
Refinery listing will democratise Africa’s industrial prosperity, says Dangote
President/Chief Executive, Dangote Group, Aliko Dangote, has said the planned listing of the Dangote Petroleum Refinery & Petrochemicals on the Nigerian Exchange is designed to democratise wealth creation and give Africans direct access to participate in the continent’s industrial transformation. Dangote spoke during the visit of the leadership of South Africa’s Government Employees Pension Fund (GEPF), alongside the Public Investment…
Read More » - Uncategorized
Zichis targets additional N540m monthly earning as animal feed capacity scales to 5TPH
Zichis Agro-Allied Industries Plc is ramping up production capacity and expanding its land bank, with the company’s animal feed production scaling up to five tonnes per hour, raking in additional N540 million in monthly revenue. According to the Executive Director, Finance & Strategies, Mr. Chris Ogbaisi, the recently upgraded 5-tonne-per-hour animal feed mill has commenced operations and is projected to…
Read More » - Economy
- Economy
T+1 settlement cycle takes off June 1, says SEC
In furtherance to its mandate to promote an efficient, fair, and transparent capital market, the Securities and Exchange Commission (SEC) has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2926. This notice published by the SEC on May 18, 2026, outlines a comprehensive framework that all capital market operators…
Read More » - Business
Tony Elumelu at Africa forward summit: “Our youth do not need handouts”
Heirs Holdings Founder, Mr Tony Elumelu tells Presidents Ruto and Macron that Africa wants partners of substance, based on equality, and that power and infrastructure must come first. At the 2026 Africa Forward Summit, convened by Kenyan President H.E. William Ruto and French President H.E. Emmanuel Macron, Heirs Holdings Founder and Group Chair, Tony Elumelu, delivered a direct message to…
Read More » - Perspectives
Oyo APC: Elect Adelabu at your own peril, by Kola Amzat
There is no doubt that members of APC family have suffered enough since 2019 when the party’s rein in the state was brought to a halt by the PDP regime, consequent upon the internal wrangling and irreconcilable differences amongst the leadership hierarchy of the party. Since the party lost power and authority, thousands of the party faithful and the leadership…
Read More » - Economy
Nigeria’s inflation rises to 15.69% in April 2026, says NBS
The National Bureau of Statistics (NBS) on Friday said Nigeria’s headline inflation rate rose to 15.69per cent in April 2026, up from 15.38per cent recorded in March 2026. NBS in its latest Consumer Price Index report revealed that the figure reflects renewed consumer price pressures across the economy despite a sharp moderation in month-on-month inflation and a significant decline compared…
Read More » - Economy
Julius Omodayo-Owotuga steps in as First Bank’s Executive Director, set to become next CEO
First Bank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr. Julius Omodayo-Owotuga as Executive Director effective May 13, 2026. As gathered by WESTERNPOST, the new appointment has paved way for him to become the next Chief Executive Officer after the tenure of the current CEO, Mr. Olusegun Adebiosu that was appointed June 2024. His appointment to…
Read More » - Economy
S’Africa once denied me entry over expired visa, says Rabiu
The founder of BUA Group, Abdul Samad Rabiu has revealed that South Africa once denied him entry because his visa expired a day before he arrived, but Europeans were allowed to enter without it. Rabiu shared the experience during his presentation on ‘Africa at scale: Capital, policy, and the architecture of growth’ on Thursday at the Africa CEO Forum, held…
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