Business

The visit was confirmed by Dangote Group, which said its President, Aliko Dangote, would host the Kenyan leader at the Lagos refinery.

Interswitch, an integrated payments and digital commerce company, has launched the sixth edition of its TechConnect industry engagement series in Owerri, Imo State, as it seeks to promote more adaptive and connected financial technology infrastructure.

Dangote supplied approximately 35.87 million litres daily in August, accounting for 71% of petrol receipts, according to NMDPRA figures reported by Punch on September 24. These are supply figures, rather than motorists’ purchases.

Brent crude futures rose $4.10 to $107.18 a barrel by 4.09 pm Nigerian time, while US West Texas Intermediate gained $3.66 to $95.82. Both figures were intraday prices, according to Reuters.

The Prime Minister of Ethiopia, Abiy Ahmed, and Djibouti’s President, Ismaïl Omar Guelleh, have expressed support for Dangote Group’s $660m Damarjog-Dewele Oil Terminal and Pipeline Project, saying it could strengthen energy security and trade links between the two countries.

Market capitalisation rose from N163.06tn at the open to N163.68tn at the close, representing a 0.38 percent increase.

The measure is contained in the Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, issued by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, under Section 65 of the Nigeria Tax Administration Act, 2025.

Nigeria’s Securities and Exchange Commission has given public companies and significant public interest capital-market operators until October 15, 2026, to submit plans for adopting the IFRS Sustainability Disclosure Standards.

British banks have tested a way to connect online shopping. In a simulated marketplace purchase, funds were locked in the buyer’s account and released to the seller when the delivery condition was met.

The Central Bank of Nigeria’s reduction of its benchmark rate from 26.5% to 23% offers businesses a reason to watch for cheaper credit.