Ogochukwu Onwaeze, THEWILL

World Bank Group President, Ajay Banga, announced the appointment in a statement issued on Wednesday, September 16, 2026, bringing one of the world’s leading development economists into the institution’s senior leadership.

Dangote spoke on Monday at the Facts Behind the Offer presentation and Opening Gong Ceremony for the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE at the Nigerian Exchange in Lagos.

Fitch Ratings has raised fresh concerns over Nigeria’s $5bn Total Return Swap with First Abu Dhabi Bank, warning that the financing structure could create additional risks for government liquidity.

The Corporate Affairs Commission (CAC) is pushing for the harmonisation and centralisation of Nigeria’s beneficial ownership registers, saying fragmented corporate ownership data could create gaps that enable illicit financial flows

Nigeria’s latest petrol price increase has not eliminated one of the strongest incentives for cross-border fuel diversion: a substantial price gap between Nigeria and neighbouring countries.

FAAN says Uber’s Nigeria exit was a broader corporate decision and not the result of its airport restrictions, which followed complaints about safety, touting and passenger accountability.

Nigeria’s inflation picture changed more significantly in August than the headline figure of 15.39 percent suggests, with monthly price growth slowing sharply, core inflation turning negative and food inflation reversing the steep acceleration recorded in July.

The ASI opened at 243,299.24 and closed at 244,304.51, representing a gain of 1,005.27 points or 0.41 percent.

Dangote refinery is already changing Nigeria’s petroleum trade flows. According to the US Energy Information Administration, Nigeria’s seaborne petroleum-product shipments averaged 561,000 barrels per day in the second quarter of 2026, up from 79,000 bpd in 2023.

The Federal Government has raised N1.23tn through two bond issuances under its Presidential Power Sector Debt Reduction Programme as it moves to settle verified legacy obligations owed to electricity Generation Companies (GenCos).