The Dangote Petroleum Refinery & Petrochemicals has taken a major step toward going public after submitting its initial application to Nigeria’s Securities and Exchange Commission (SEC) for a proposed $5 billion Initial Public Offering (IPO). If approved and completed at the targeted size, the offering would become the largest stock market listing in Africa, marking…
Billionaire businessman and First HoldCo Plc Group Chairman, Femi Otedola, has strengthened his position in the financial services group after acquiring an additional 138.04 million shares valued at ₦18.11 billion through an entity linked to him. The latest purchase, executed on the Nigerian Exchange Limited (NGX), further increases Otedola’s beneficial ownership of First HoldCo as…
The Nigeria Labour Congress (NLC) has renewed its call for a review of Nigeria’s minimum wage, saying the current ₦70,000 wage is no longer sufficient to meet the basic needs of workers amid rising inflation and the escalating cost of living. The demand was made at the Nigeria Rights of Workers Summit 2026, held in…
The Confederation of African Football (CAF) has backed FIFA’s decision to acknowledge mistakes in the handling of its proposed FIFA Forward Enterprise, while unanimously reaffirming its support for FIFA President Gianni Infantino. The position was reached during a meeting of the CAF Executive Committee, where members endorsed a joint statement issued by Infantino and FIFA…
Oil and gas companies operating in Nigeria remitted a combined $6.755 billion and ₦1.529 trillion to the Niger Delta Development Commission (NDDC) between 2021 and 2025, according to figures presented before a Senate investigative committee. The disclosure was made during a public hearing by the Senate Public Accounts Committee, which is examining audit reports from…
Barcelona have cancelled their planned pre-season friendly against Moroccan side Ittihad Riadi Tangier, citing uncertainty surrounding the current situation in the region. The match was scheduled for August 15 in Tangier as part of Barcelona’s preparations for the 2026/27 football season. However, the Spanish champions announced on Friday that the fixture would no longer go…
Argentina has introduced a new national holiday to commemorate its dramatic victory over England in the 2026 FIFA World Cup semifinal, turning July 15 into a permanent day of celebration for the country’s national football teams. The Argentine Football Association (AFA) announced the decision in an official statement on Wednesday, saying July 15 will now…
A scientist has proposed an ambitious long-term plan that could one day help humanity survive the Sun’s inevitable evolution by gradually moving Earth farther away from the star. While the concept remains entirely theoretical, the research outlines how advanced future civilizations could use megascale engineering to preserve Earth’s biosphere for billions of years beyond its…
Nigeria and Canada have taken a significant step toward strengthening diplomatic and economic ties by signing an expanded air transport agreement that will pave the way for direct scheduled flights between the two countries for the first time. The landmark agreement, signed in Abuja, is expected to improve air connectivity, boost trade, promote tourism, encourage…
The Kevin Warsh-led Federal Reserve could raise interest rates as early as September if upcoming inflation data shows that price pressures remain persistent, according to a report that has heightened investor attention ahead of key economic releases. The possibility of another rate hike marks a shift from expectations that the central bank might begin lowering…
