JMG Helps Businesses Cut Diesel Costs by Millions with Hybrid Solar Solutions
JMG Helps Businesses Cut Diesel Costs by Millions with Hybrid Solar Solutions For businesses in Nigeria, keeping operations running comes with a cost that goes well beyond the electricity bill. Rising diesel prices, unreliable power supply and the pressure to keep critical operations running can significantly increase operating expenses and make energy one of the biggest challenges businesses face. JMG Limited is helping businesses tackle this challenge with hybrid solar solutions designed to deliver something businesses need most: reliable po…
Fearless Energy Drink Champions Bold Self-Expression at Felabration 2026
Fearless Energy Drink Champions Bold Self-Expression at Felabration 2026 …Brand powers music, rap and dance challenges celebrating emerging talent Fearless Energy Drink, from Rite Foods Limited, brought its bold spirit to Felabration 2026, supporting music, rap and dance challenges that gave emerging performers an opportunity to showcase their talents at the annual celebration of Afrobeat legend Fela Anikulapo-Kuti. Held at the New Afrika Shrine in Lagos, this year’s festival, themed “Who Are You?” , explored individuality, identity and self-e…
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Oyo Gets 17.7MW Mini-Grid Projects as Power Minister Rules Out Electricity Tariff Hike
Oyo Gets 17.7MW Mini-Grid Projects as Power Minister Rules Out Electricity Tariff Hike The Minister of Power, Joseph Tegbe, has announced the commencement of five interconnected mini-grid projects with a combined capacity of 17.7 megawatts in Oyo State, while dismissing reports of a planned increase in electricity tariffs. Tegbe made the announcement during the groundbreaking ceremony for the projects, which are designed to improve electricity access in communities across Akinyele, Ido, Ibadan North, Egbeda and Lagelu Local Government Areas of…
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Rite Foods Unveils LIDA Malt Beverage Drink Brand, distinctively “Made for You”
Rite Foods Unveils LIDA Malt Beverage Drink Brand, distinctively “Made for You” ***Offers Unique Taste with its Classic Variant Rite Foods Limited has expanded its beverage portfolio with the introduction of LIDA Malt Classic, a non-alcoholic malt beverage created to offer consumers another choice in Nigeria’s competitive malt drink market. Anchored on the proposition “LIDA Malt. Made for You,” the brand reflects the company’s focus on developing products that respond to consumer preferences and fit naturally into everyday life. LIDA Malt Cla…
Q3: Dangote Refinery Posts $22.5bn Revenue, $4.7bn Profit in Nine Months … Revenue surges 144%, EBITDA jumps to $5.5bn as refining margins strengthen …Cash reserves hit $6.7bn, refinery moves from $1.7bn net debt to $651m net cash
Q3: Dangote Refinery Posts $22.5bn Revenue, records $4.7bn Profit as Cash reserves hit $6.7bn Dangote Petroleum Refinery and Petrochemicals has recorded a remarkable turnaround in its financial performance, posting $22.5 billion in revenue and $4.7 billion in net profit for the nine months ended September 30, 2026, compared with a loss of $117.2 million in the corresponding period of 2025, as the African industrial giant consolidates its transition into a major profit-generating industrial enterprise. A132: L-R: Woman Representative, Turkana C…
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IPO: Dangote Refinery Breaks Nigerian and African Records, Extends Offer Period by Two Weeks to Accommodate African Investors
IPO: Dangote Refinery Breaks Nigerian and African Records, Extends Offer Period by Two Weeks to Accommodate African Investors Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has announced the extension of the application period for its Initial Public Offering (IPO) by two weeks, following approval from the Securities and Exchange Commission (SEC), amid what has become one of the most significant capital market offerings in Nigerian and African history. The IPO, which consists of 4,100,000,000 ordinary shares of US$0.000013 each at N…
How Nigerians Abroad Can Grow Wealth at Home
How Nigerians Abroad Can Grow Wealth at Home By Tolulope Rojaiye A Nigerian professional in London closes her laptop after another workday. In Toronto, a family reviews its financial plans for the next few years. In Houston, an entrepreneur considers what to do with money set aside for a future commitment in Nigeria. Their circumstances may differ, but they face a similar financial decision. If the money will not be needed immediately, should it remain idle, or can it be positioned to earn a return. This question is becoming more important as …
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IPO: Dangote Foundation Targets 5 Million Students, 2 Million Vulnerable Women
IPO: Dangote Foundation Targets 5 Million Students, 2 Million Vulnerable Women In a bold move to deepen retail participation in Nigeria’s capital market, the Aliko Dangote Foundation (ADF) has unveiled a share grant initiative aimed at helping up to five million tertiary students and two million vulnerable women become shareholders in Dangote Petroleum Refinery and Petrochemicals through its Initial Public Offering (IPO). Managing Director and Chief Executive Officer of ADF, Zouera Youssoufou, disclosed that the Foundation will match qualifyin…
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FirstBank Hosts and Sponsors the West Africa International Banking Dialogue & Awards Gala 2026.
FirstBank Hosts and Sponsors the West Africa International Banking Dialogue & Awards Gala 2026. Lagos, Nigeria, 9 October 2026 – FirstBank, West Africa’s premier financial institution and leading financial inclusion services provider, is pleased to host and sponsor the West Africa International Banking Dialogue & Awards Gala 2026, scheduled to hold on 14 October 2026 in Lagos, Nigeria. The event will bring together banking leaders, regulators, policymakers, industry experts and key stakeholders from across the region to discuss the fu…
Shareholders Commend Fidelity Bank’s Strong Performance
Shareholders Commend Fidelity Bank’s Strong Performance L–R: Kevin Ugwuoke, Executive Director, Risk Management; Stanley Amuchie, Executive Director/Chief Operations and Information Officer; Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer; Amaka Onwughalu, Chairman, Board of Directors; Ezinwa Unuigboje, Company Secretary; Henry Obih, Independent Non-Executive Director; and Ken Opara, Executive Director, Lagos and Southwest; (all of Fidelity Bank Plc) at the Bank’s 38th Annual General Meeting which held in Lagos and virtually rece…
NCC Boss Urges Staff to Improve Service Delivery, Build Public Trust
NCC Boss Urges Staff to Improve Service Delivery, Build Public Trust Dr Aminu Maida, Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission, NCC, with the Management and Staff of the Commission during the 2026 Customer Service Week Celebration on October 7, 2026, at the Head Office, Maitama Abuja. Ms Olatokunboh Oyeleye, Director Cybersecurity and Internet Governance, Nigerian Communications Commission, NCC, Engr. Babagana Digima, Director, Research and Development, NCC, and other Staff of the Commission at the Cus…
FUNAAB Takes Centre Stage as Bigi, Fearless Bring Soundcity OnTour to Abeokuta
FUNAAB Takes Centre Stage as Bigi, Fearless Bring Soundcity OnTour to Abeokuta Three days of music, dance, talent discovery, and a ₦1 million BIGI Music prize are set to transform campus life as Soundcity OnTour arrives at FUNAAB. The Federal University of Agriculture, Abeokuta (FUNAAB), is set to come alive from 7 to 9 October 2026, as Bigi and Fearless Energy Drink, brands of Rite Foods Limited, bring the Soundcity OnTour experience to the campus for three days of music, entertainment, talent discovery, and youth engagement. More than a cam…
JTI Reaffirms Long-Term Commitment to Nigeria's Economic Growth and Development
JTI Reaffirms Long-Term Commitment to Nigeria's Economic Growth and Development … Reinforces confidence in Nigeria's future, responsible business practices and sustainable value creation Abuja, October 8, 2026: Japan Tobacco International (JTI) Nigeria has reaffirmed its long-term commitment to Nigeria's economic growth and development, emphasising its confidence in the country's potential and its determination to continue contributing to a responsible and sustainable business environment. With 18 years of business operations…
Fidelity Bank to Convene Lagos Entrepreneurs for Sustainable Business Growth
Fidelity Bank to Convene Lagos Entrepreneurs for Sustainable Business Growth Lagos, Nigeria — Leading financial institution, Fidelity Bank Plc, is set to host the Lagos edition of its Quarterly Business Forum, bringing together entrepreneurs, industry experts and key stakeholders to explore strategies for building competitive and sustainable businesses. Themed “Built to Compete: Positioning Lagos Businesses for Sustainable Growth,” the forum will examine the opportunities and challenges within Lagos’s dynamic business environment. Discussions …
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IPO: Aliko Dangote Foundation Opens Wealth Creation Pathway for Two Million Vulnerable Nigerian Women
IPO: Aliko Dangote Foundation Opens Wealth Creation Pathway for Two Million Vulnerable Nigerian Women The Aliko Dangote Foundation (ADF) has unveiled the Women’s Share Subscription Grant Initiative, a pioneering financial inclusion programme aimed at increasing women’s participation in Nigeria’s capital market through the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). The nationwide initiative is designed to support up to two million Nigerian women, with a special focus on low- and middle-inc…
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