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Idris Elba backed Danone has agreed to acquire UK-based nutrition brand Huel in a deal valued at approximately €1 billion, marking a significant expansion into the fast-growing functional nutrition market. The acquisition is expected to deliver a major payout for Huel’s investors, including…
Read moreThe Dangote Petroleum Refinery has successfully exported 456,000 tonnes of refined petroleum products through 12 cargoes lifted by international traders. This is according to sources inside Dangote Refinery who shared this information with Nairametrics. The sources indicate the shipments, comprising Premium Motor Spirit (PMS), were delivered to…
Read morePrices of food items, goods, and services have surged across markets in Nigeria’s Federal Capital Territory, as rising fuel costs linked to the Middle East crisis continue to ripple through the economy. A market survey conducted by the News Agency…
Read moreNigeria’s banking system liquidity surged to N8.06 trillion as banks increased deposits at the Central Bank of Nigeria’s Standing Deposit Facility (SDF), reflecting a sharp rise in excess cash in the financial system. According to financial data published by the Central…
Read moreThe Nigeria Labour Congress (NLC) has rejected the proposed N6 trillion bailout for Nigeria’s electricity sector, warning that repeated financial interventions have failed to improve power supply across the country. The position was made known by NLC President Joe Ajaero…
Read moreThe Nigerian Exchange Group (NGX Group) has launched two new index futures contracts, NGX30U6 and NGXPENSIONU6, as part of efforts to deepen its derivatives market. This was disclosed in the Exchange’s emailed Weekly Market Report dated Wednesday, March 18, 2026. The contracts, which were…
Read moreCocoa farmers in Ondo, Osun, and Ekiti have expressed deep concern over a dramatic fall in cocoa bean prices, which they say has left many in financial distress and unable to sustain their livelihoods. The development was reported by the…
Read moreThe Nigerian Exchange Limited (NGX) has listed a fresh N10 billion commercial paper issuance by NGN Gram Limited, alongside 296,464 additional units of Chapel Hill Denham’s Nigeria Infrastructure Development Fund (NIDF). According to the Exchange’s emailed Weekly Market Report dated Wednesday, March 18, 2026, the listing took…
Read moreThe World Health Organization (WHO) has warned of growing health risks following reported strikes near key nuclear facilities in Iran and Israel. The warning was issued by WHO Director-General Tedros Adhanom Ghebreyesus on Sunday, March 22, via his X account.…
Read moreLagos, March 21, 2026 (NAN) President Bola Tinubu has congratulated economist, banker and philanthropist, Tony Elumelu, on his 62nd birthday, describing him as an African business icon and a leading advocate of enterprise on the continent. The Chairman of Heirs…
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