BUSINESS

US Slaps 12.5% Tariff On Nigerian Imports (Full Lists)0
- BUSINESS, SLIDE
- July 24, 2026
The United States has imposed a 12.5 per cent additional tariff on most imports from Nigeria as part of new trade measures targeting countries it says have failed to effectively prohibit goods produced with forced labour from entering their markets. News reports that the Office of the United States Trade Representative announced the measures on Thursday,
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OPay Targets One Billion Users, 10 Million Merchants 0
- BUSINESS, SLIDE
- July 24, 2026
Digital financial services provider OPay has unveiled an ambitious long-term growth strategy aimed at serving one billion users, supporting 10 million merchants, and creating one million jobs as it expands its digital finance ecosystem. The fintech company disclosed the targets during a Media Parley in Lagos, where its executives outlined plans to deepen investment in
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Dangote Refinery Completes $2.5 Billion Private Equity Placement 0
- BUSINESS, SLIDE
- July 24, 2026
Dangote Petroleum Refinery and Petrochemicals FZE has successfully completed a $2.5 billion private equity placement to finance the expansion of its refinery and petrochemical complex, with investor demand exceeding expectations. In a statement issued on Thursday, July 23, the company disclosed that the private placement was 3.7 times oversubscribed relative to its initial offer size,
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Femi Otedola Raises First HoldCo Stake To 21.95% With ₦77.6 Billion Share 0
- BUSINESS, SLIDE
- July 23, 2026
Chairman of First HoldCo Plc, Femi Otedola, has increased his stake in the financial holding company to 21.95 per cent following the acquisition of 706,131,179 ordinary shares valued at approximately ₦77.6 billion, according to a regulatory filing on the Nigerian Exchange (NGX). The transaction, disclosed on Wednesday as an initial notification of insider dealing, revealed
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₦480 Billion Meth Lab: Court Sets Date To Rule On NDLEA Demolition Request 0
- BUSINESS, SLIDE
- July 23, 2026
The Federal High Court sitting in Lagos has fixed July 24, 2026, to rule on an application by the National Drug Law Enforcement Agency (NDLEA) seeking judicial approval to destroy a clandestine methamphetamine laboratory uncovered in a remote forest in Mowe, Ijebu East Local Government Area of Ogun State. Justice Musa Kakaki adjourned the matter
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CBN Retains MPR At 26.5%0
- BUSINESS, SLIDE
- July 21, 2026
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, maintaining its tight monetary policy stance as policymakers weigh moderating inflation against rising global economic uncertainties. The decision was announced on Tuesday by CBN Governor Olayemi Cardoso at the conclusion of the 305th Monetary Policy Committee (MPC) meeting
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