Naira Hits Two-Year High: Parallel Market Drops Below ₦1,350 Following New CBN BDC Directive
- BUSINESS
- February 11, 2026
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Tony Elumelu To Step Down As UBA Chairman, Emmanuel Nnorom Named Successor0
- BUSINESS
- July 6, 2026
United Bank for Africa (UBA) has announced that its Group Chairman, Tony Elumelu, will retire from the Board on August 21, 2026, after completing the maximum 12-year tenure for Non-Executive Directors as stipulated by the Central Bank of Nigeria. At its meeting on July 6, 2026, the Board accepted Elumelu’s retirement and appointed Non-Executive Director
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BUA Chairman Samad Rabiu Adds $81 Million Bombardier Global 8000 Jet To Corporate Fleet0
- BUSINESS
- June 10, 2026
Chairman of BUA Group, Abdul Samad Rabiu, has taken delivery of a new Bombardier Global 8000 business jet valued at approximately $81 million, further expanding the company’s aviation assets. The ultra-long-range aircraft, acquired under a deal concluded in late 2025, has now officially joined BUA’s corporate fleet. The delivery was publicly confirmed through information shared
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Airlines Face $100bn Fuel Surge as Global Oil Shock Drives Fares Higher – IATA Warns0
- BUSINESS
- June 9, 2026
Global airlines are set to incur an additional $100 billion in jet fuel costs this year, with passengers expected to shoulder part of the burden through higher airfares, according to the International Air Transport Association (IATA). The airline industry body said jet fuel prices are projected to rise by about 70% in 2026, a surge
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Blackstone Raises Record $13.1 Billion For Largest Asia-Focused Private Equity Fund0
- BUSINESS
- June 2, 2026
Global investment giant Blackstone has raised a record $13.1 billion for its latest Asia-focused private equity fund, marking the largest fundraising exercise for an Asia-dedicated fund in the firm’s history. The fund, Blackstone Capital Partners Asia III, exceeded its original target of $10 billion and more than doubled the size of its predecessor, highlighting strong
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Dangote Extends Reign As Africa’s Top-Rated Brand, Clinches Continental Honour For Eighth Consecutive Year0
- BUSINESS
- June 1, 2026
Dangote Industries Limited has once again cemented its status as one of Africa’s most powerful corporate institutions after being named the continent’s Most Admired African Brand for an unprecedented eighth straight year. The recognition was announced during the unveiling of the 2026 Brand Africa rankings in Addis Ababa, Ethiopia, following a consumer survey spanning 30
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NLNG Train 7 Hits 92% Completion As Nigeria Expands Local Oil, Gas Capacity And Jobs0
- BUSINESS
- May 21, 2026
Nigeria’s $5 billion NLNG Train 7 project is nearing completion, with construction now over 92% done as the country pushes deeper industrial growth, local manufacturing, and indigenous participation in the oil and gas sector. Project officials disclosed that the massive gas expansion project has moved into its pre-commissioning phase and is expected to increase NLNG’s
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