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Business · PM News ·
Land title scandal: CFL Group gives Lagos Registry seven-day to act or face N5bn suit
CFL Group has given the Lagos Registry seven days to act in connection with a land title scandal, warning that it may file a N5 billion lawsuit if the registry does not respond within that period.
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Business · Nairametrics ·
African startups raise $260.3 million as top 10 account for 85.5% in September 2026
African startups raised a combined $260.3 million in September 2026, with the top 10 recipients accounting for 85.5% of the total. The figures indicate that most of the funding was concentrated among a small group of companies.
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Business · PM News ·
Oyedele: Return of fuel subsidy will cost Nigeria N20trn annually, destabilise economy
Oyedele warned that restoring the fuel subsidy would cost Nigeria N20 trillion annually and could destabilise the economy. The headline frames the potential financial burden and economic risk associated with a return to the subsidy.
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Business · PM News ·
FG announces 30-day petrol discount for public transporters
The Federal Government has announced a petrol discount for public transporters that will last 30 days. The headline does not specify the discount amount, when it will take effect or which transport operators are eligible.
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Business · Nairametrics ·
J.P. Morgan to launch merchant bank in Nigeria before year-end
J.P. Morgan is set to launch a merchant bank in Nigeria before the end of the year. The headline does not specify the bank’s planned services, exact launch date or other operational details.
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Business · PM News ·
Periwinkle Empire unveils plans for iconic Abuja luxury tower
Periwinkle Empire has announced plans for a luxury tower in Abuja, presenting the project as an iconic development. The headline does not provide details about the tower’s location, design, cost, timeline or intended uses.
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Business · Nairametrics ·
FG announces 30-day discount window on petrol sold by NNPC
The Federal Government has announced a 30-day discount window for petrol sold by the Nigerian National Petroleum Company Limited (NNPC). The headline does not specify the discount amount, when the window begins, which outlets are included or who is eligible.
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Business · Nairametrics ·
Dangote’s NGX wealth surges by N1.47 trillion in Q3 2026 as cement stock rallies
Dangote’s NGX-listed wealth rose by N1.47 trillion in the third quarter of 2026 as a cement stock rallied. The headline links the increase to the stock’s performance but does not specify further details about the valuation or the shares involved.
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Business · Nairametrics ·
NUPRC: 2025 oil licensing round could add 500 million barrels to Nigeria’s reserves
The NUPRC says Nigeria’s 2025 oil licensing round could add 500 million barrels to the country’s reserves. The estimate links the potential increase to the licensing round, though the headline does not provide further details.
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Business · Daily Trust ·
FG reveals plan to make Nigerians enjoy cheaper fuel for one month
The Federal Government has revealed a plan aimed at enabling Nigerians to buy fuel at a lower price for one month. The headline does not specify how the plan would work or when it would take effect.
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Business · PM News ·
Abiodun approves J4-Gao Road, sets November for Deep Sea Port groundbreaking
Governor Abiodun has approved the J4-Gao Road project and scheduled the groundbreaking for a Deep Sea Port for November. The headline provides no further details about the projects.
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Business · Nairametrics ·
Cardoso courts Asia as CBN pushes deeper, more liquid markets
CBN Governor Olayemi Cardoso is engaging with Asia as the Central Bank of Nigeria seeks to develop deeper, more liquid markets. The headline points to efforts to expand market depth and liquidity but does not specify the countries, financial instruments or measures involved.
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Business · Nairametrics ·
Nigerian content in oil sector rises from 5% to 61% in 16 years— NCDMB
The Nigerian Content Development and Monitoring Board says Nigerian content in the oil sector increased from 5% to 61% over 16 years, reflecting a substantial rise in local participation.
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Business · Nairametrics ·
Moove exits Nigeria, gives customers N35 billion worth of cars
Moove has exited Nigeria and given customers cars valued at N35 billion. The headline does not state why the company is leaving or how the vehicles were distributed.
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Business · PM News ·
Nigeria raises oil production to 1.8m bpd
Nigeria has raised oil production to 1.8 million barrels per day, according to the headline. It provides no details about when the increase occurred or what drove it.
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Business · Nairametrics ·
Ghana raises $288 million debt to finance cocoa purchases
Ghana has raised $288 million in debt to finance purchases of cocoa. The headline does not specify the lender, repayment terms, timing, or how the funds will be allocated.
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Business · Nairametrics ·
Lagos targets up to 3,000MW power capacity for Lekki corridor – LASERC
Lagos is targeting power capacity of up to 3,000 megawatts for the Lekki corridor, according to the Lagos State Electricity Regulatory Commission. The headline does not specify a timeline or how the capacity would be delivered.
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Business · Nairametrics ·
President bio and Tony Elumelu rally West African private sector to turn regional potential into investment, industry and jobs
President Bio and businessman Tony Elumelu are urging West Africa’s private sector to help convert the region’s potential into greater investment, industrial activity and job creation. The call highlights the role of businesses in supporting regional economic development.
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Business · Nairametrics ·
Kenyan investors face refunds if Dangote Refinery IPO misses key threshold
Kenyan investors in the planned Dangote Refinery IPO may be entitled to refunds if the offering fails to meet a required threshold. The headline does not specify the threshold or the terms and timing of any refunds.
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Business · Nairametrics ·
Naira extends Bullish streak against British Pound at N1,767/£
The naira extended its bullish run against the British pound, with the exchange rate reaching N1,767 per pound. The headline indicates continued strength in the naira relative to the pound, without providing further details about the timing or factors behind the movement.