Dangote Refinery Cuts  Petrol Price to N1,250

Dangote Refinery Exports 17 Petrol Cargoes To African Countries

The Dangote refinery has emerged as a critical energy lifeline for Africa as the conflict between the United States and Iran paralyses Middle Eastern shipping. Operating at its full 650,000-barrel-per-day capacity, the Lagos-based facility recently exported 17 cargoes of petrol to nations across West, Central, and East Africa. This surge in regional trade follows the…

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NAICOM Hikes Microinsurance Capital to N3bn

NAICOM Hikes Microinsurance Capital to N3bn

The National Insurance Commission (NAICOM) has raised the minimum capital for national microinsurance firms to N3 billion. This sharp increase, contained in the 2026 licensing guidelines, seeks to force financial stability upon a sector designed to serve the poor. Previous requirements for national players stood at just N600 million. Regulators now demand a five-fold increase…

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NGX Erases N4.9trn in Sudden Profit-Taking Wave

NGX Mobilizes African Exchanges for Cross-Border Listings

The Nigerian Exchange Group (NGX) is leading a diplomatic push to unify Africa’s fragmented capital markets through cross-border listings. Group Chairman Umaru Kwairanga and CEO Temi Popoola recently hosted heads of major bourses from Johannesburg, Nairobi, Accra, and Addis Ababa in Lagos. The goal is to move past isolated trading floors toward a single investment…

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