Business

The Coca-Cola System is planning to invest $1 billion in Nigeria over five years as the company expands its production capacity and deepens its local supply chain.

United Bank for Africa (UBA) Plc has been named one of the authorised financial institutions through which eligible investors can subscribe to Dangote Petroleum Refinery and Petrochemicals FZE’s Initial Public Offering (IPO).

The Nigerian equities market (NGX) opened the new trading week on a positive note, with the benchmark index and market capitalisation advancing despite a broader decline in individual stocks.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is pursuing multiple pathways to transform Nigeria into a global gas hub, with plans to more than double the country’s proven gas reserves over the longer term.

Nigeria’s agricultural imports fell by 8.5 percent year-on-year to N2.03 trillion in the first half of 2026, despite a sharp increase in import activity during the second quarter.

Bamboo experienced login difficulties on Monday as a surge of users attempted to access its platform to subscribe to the Dangote Refinery and Petrochemicals FZE public offer.

Dangote Refinery’s N2.15 trillion Initial Public Offering (IPO) attracted more than N10 billion in subscriptions within minutes of opening on Monday, signalling strong early investor interest in what is billed as Africa’s largest initial public share offering.

There are corporate failures that deserve to be treated as ordinary business casualties. Companies rise, companies fall, markets change and inefficient businesses eventually disappear. But the demise of NICON Insurance Limited is different.

Africa’s biggest refinery opens its doors to public investors with a N2.15 trillion share offer, as Aliko Dangote signals plans to take more group companies public.

The proposal emerged during a high-level meeting between the Minister of Power, Joseph Tegbe, and TBEA executives at the company’s headquarters in Beijing.