Business

The warning follows the recent increase in the price of a 50kg bag of Dangote Cement to more than ₦15,000 in some locations, despite an ongoing investigation by the Federal Competition and Consumer Protection Commission (FCCPC) into pricing practices in the industry.

In a panel discussion on Africa’s infrastructure financing challenges, South African President Cyril Ramaphosa argued that the continent should not assume it needs foreign capital to fund major projects. Aliko Dangote offered a different perspective, arguing that the availability of money in African banks does not necessarily mean businesses can afford to use it.

President Bola Tinubu has urged NLNG to increase domestic gas utilisation and ensure Nigeria’s gas wealth translates into more affordable cooking gas. NLNG says 100 percent of its cooking gas production already goes to the Nigerian market and...

The decision is expected to be formally announced later this week, potentially clearing the uncertainty that emerged after FTSE Russell placed Nigeria’s planned reclassification under further review in June.

The NGX All-Share Index (ASI) declined by 0.17 percent, falling from 239,085.17 points at the opening to 238,682.92 points at the close. Market capitalisation also declined by N260 billion, from N154.396 trillion to N154.136 trillion.

Speaking to journalists on August 25, 2026, MTN Group CEO Ralph Mupita confirmed that Africa’s largest mobile network operator is actively exploring deposit-taking banking licences in select operating markets.

The development was disclosed by the Aviation Safety Round Table Initiative (ASRTI), which urged the Federal Government to immediately act on the recovered document and conclude the payment process.

The warning was issued by NDIC’s Head of Legal Unit, Oladipo Kushimo, during a breakout session titled “Too Big to Fail?” at the Nigerian Bar Association’s Annual General Conference in Port Harcourt.

The corporate ties between Nigeria and South Africa have long been defined by a simple, lopsided binary. Crude oil flows south, while multinational giants push north. MTN Nigeria wants to rewrite that script. Sponsoring the Nigeria-South Africa Chamber of Commerce (NSACC) Breakfast Forum at Eko Hotel on August 27, the telecom operator is shifting the bilateral conversation away from high-level trade policy and straight into local supply chains.

The company told customers on August 25 that MonieWorld was entering a transition period as Moniepoint redirected strategic resources towards financial tools for businesses across Africa. The service remains operational for now, with customers expected to receive further information about the closure timeline and any changes affecting their accounts and transactions.