Business

Beijing will host the second World Humanoid Robot Games from August 22 to 26, featuring 2,056 robots from 666 teams across 16 countries. The competition has expanded sharply from the inaugural 2025 edition, moving from demonstrations into practical...

BOI’s ₦250 billion Series 1 fixed-rate bond was oversubscribed within five working days. The bank says strong demand reflects investor confidence in BOI and Nigeria’s domestic capital market. A ₦100 billion government-approved fund will help BOI cushion borrowing...

French Montana has met with Nigerian billionaire Aliko Dangote and shared photos from their meeting. The rapper asked his followers what they would pitch to Dangote if they were in his position. Montana has maintained a strong connection...

Market capitalisation declined by ₦544 billion, from ₦156.517 trillion at the opening to ₦155.973 trillion at the close. The NGX All-Share Index fell by 843.42 points, from 242,454.65 to 241,611.23. Market breadth remained firmly negative, with 22 gainers...

FCCPC says Nigeria’s cement prices may not be fully explained by production costs and market conditions. A 50kg bag of cement reached as high as ₦15,000 in some Nigerian markets, compared with about ₦7,344 in Kenya and ₦9,180...

Nigeria’s headline inflation fell to 15.43% in July, but food inflation climbed to 20.31%. Food inflation reached its highest level since September 2025, rising from 17.52% in June. Food inflation has risen every month since January, reversing the...

Dangote Refinery has secured a $400m underwriting commitment from Marob Strategies and Lilium Capital ahead of its planned IPO. The commitment will only become effective when the IPO launches and remains subject to market, corporate and regulatory conditions. ...

PwC says unresolved issues around wallet transfers, asset valuation and withholding tax could complicate compliance. VASPs face extensive reporting and tax-administration duties, with penalties reaching N10 million for the first month of default. The firm says clearer guidance...

Dangote Refinery is targeting up to $5bn from its proposed Nigerian IPO, which could become Africa’s largest public offering. The final offer size, however, will depend on regulatory approval and the structure of the transaction. The refinery’s recent...

Femi Otedola acquired another 147.74 million First HoldCo shares for N20.7bn through Calvados Global Services Limited. The latest purchase brings his disclosed First HoldCo share acquisitions in 2026 to about N412bn. Otedola’s continued accumulation comes as First HoldCo...