Business (Page 33)

Dangote Refinery ‌is targeting ten million ​retail investors ​for its planned ⁠initial public ​offering. The group’s chief ​executive David Bird disclosed this on ​Tuesday. Bird said ​the refinery was ‌using ⁠Saudi Aramco’s listing as a benchmark ​for ​the ⁠IPO and expected ​to “smash ​that” ⁠target. Speaking at the Fujairah EnergyContinue Reading

  Nigeria’s manufacturers failed to serve about $29.4 billion of local demand in 2025, a gap worth more than N40 trillion at 2025 exchange rates, according to a new report. The Nigerian Manufacturing Opportunity Report 2026, published by SEID, a communications and market intelligence firm, releases on Tuesday, showed thatContinue Reading

The World Bank has upgraded Nigeria’s economic growth forecast for 2026 to 4.3 per cent, from 4.0 per cent projected for 2025, with the economy expected to expand by 4.4 per cent annually in 2027 and 2028. The World Bank in its October 2026 Africa Economic Update released on TuesdayContinue Reading

The president of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye, said Nigeria’s industrial value addition remains weak, with manufactured exports accounting for only 2.94 per cent of total exports in 2025 despite overall export growth. Meshioye spoke on Tuesday at the 6th Adeola Odutola Lecture and Presidential LuncheonContinue Reading