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BUSINESS26m agoCheap transport fare: FG visits 2 CNG vehicle manufacturing firms in Anambra, seeks collaboration…Auto makers hail FG’s new policy on patronageBy Vincent Ujumadu Two auto makers in Anambra State, Innoson Vehicle Manufacturing, IVM, Nnewi, and Kojo Motors Auto Assembly, Umunya, have hailed the Federal Government’s new policy that has made it mandatory for Ministries, Departments and Agencies, MDAs, to patronize locally made vehicles. Officials of the two companies, […] The post Cheap transport fare: FG visits 2 CNG vehicle manufacturing firms in Anambra, seeks collaboration appeared first on Vanguard News.Vanguard Nigeria
BUSINESS40m agoLocal, Intl stakeholders’ hails Oyedele on fiscal reformsBy Henry Ojelu Some local and international stakeholders in the petroleum and economic sectors have commended the Federal Government’s interventions to cushion the impact of rising petrol prices, while calling for transparency and effective implementation to ensure Nigerians benefit. The commendations followed recent measures announced by the Minister of Finance and Coordinating Minister of the […] The post Local, Intl stakeholders’ hails Oyedele on fiscal reforms appeared first on Vanguard News.Vanguard Nigeria
BUSINESS3h agoMidea launches N100,000 purchase-based promo, offers car as grand prizeBy Efe OnodjaeMidea, a home appliance manufacturer, has introduced a nationwide consumer promotion offering a Chery Tiggo 2 Pro as the grand prize, alongside household appliances and other gifts, to customers who meet its purchase requirements.The , tagged WIN 9JA WIN, began on October 10 and will run until December 31, 2026, according to the […] The post Midea launches N100,000 purchase-based promo, offers car as grand prize appeared first on Vanguard News.Vanguard Nigeria
BUSINESS5h agoMining Week: Investors demand clear rules, stronger securityInvestors and key players in Nigeria’s mining sector have called for clearer regulations, improved security and stronger collaboration among government agencies to attract investment and unlock the country’s vast solid mineral resources. The post Mining Week: Investors demand clear rules, stronger security appeared first on Vanguard News.Vanguard Nigeria
BUSINESS7h agoForex inflow rises 23% to $35 billionNigeria’s net foreign exchange (forex) inflow grew by 23.2 percent year-on-year, YoY to $35.77 billion in the first half of 2026 (H1’26) from $29.77 in the corresponding period of 2025. The post Forex inflow rises 23% to $35 billion appeared first on Vanguard News.Vanguard Nigeria
BUSINESS7h agoDangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughputThe corporation attributed the turnaround in earnings and improvement in other key performance metrics to higher refining throughput, improved operational reliability and more robust refining margins. The post Dangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughput appeared first on Premium Times Nigeria.Premium Times
BUSINESS7h agoDangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughputThe corporation attributed the turnaround in earnings and improvement in other key performance metrics to higher refining throughput, improved operational reliability and more robust refining margins. The post Dangote Petroleum Refinery logs $4.7 billion profit in nine months on higher refining throughput appeared first on Premium Times Nigeria.Premium Times
BUSINESS8h agoMines: how Paris's increased stake in Eramet could reshuffle the cards with LibrevilleL’État français s’apprête à porter sa participation dans Eramet à 49 % pour renflouer le groupe minier en difficulté. Un sauvetage financier qui pourrait bouleverser les équilibres entre Paris et Libreville sur la transformation locale des ressources.Jeune Afrique
BUSINESS9h agoNigeria meets OPEC quota for fifth straight month as oil output hits 1.84m barrelsThe commission noted in a statement that Africa’s biggest oil producer logged a peak production of 1.84 million barrels during the month as the country met its OPEC quota for the fifth month in a row. The post Nigeria meets OPEC quota for fifth straight month as oil output hits 1.84m barrels appeared first on Premium Times Nigeria.Premium Times
BUSINESS9h agoSidi Ould Tah, Makhtar Diop, Jeremy Awori… In Luanda, African finance wants to convert profits into productive investmentsLes 3 et 4 novembre, Luanda accueillera la sixième édition de l’Africa Financial Summit (AFIS). En rassemblant plus de 1 250 participants, le sommet, organisé pour la première fois en Afrique australe, entend transformer les succès individuels en investissements productifs.Jeune Afrique
BUSINESS9h agoShell to sell Nigeria domestic gas business to Vaaris EnergyShell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses. The post Shell to sell Nigeria domestic gas business to Vaaris Energy appeared first on Vanguard News.Vanguard Nigeria
BUSINESS9h agoIntroducing the OPPO A7 Pro with a 50MP Ultra-Wide AI Zoom Selfie Camera, an 8,000mAh Battery, and Long-Lasting SmoothnessOPPO on the 12th of October officially announced the Nigerian launch of the OPPO A7 Pro, the latest addition to its A-Series lineup, engineered specifically around everyday reliability, long-term fluid performance, and advanced AI photography. Anchored by the tagline “Tough Outside. Smart Inside,” the device introduces heavy-duty structural protection alongside multi-year performance optimizations designed for […] The post Introducing the OPPO A7 Pro with a 50MP Ultra-Wide AI Zoom Selfie Camera, an 8,000mAh Battery, and Long-Lasting Smoothness appeared first on Vanguard News.Vanguard Nigeria
BUSINESS10h agoNNPC’s 2026 revenue hits N28.5trn, jumps 21% in AugustReports indicated NNPC generated N2.571trn in January, N2.680trn in February and N2.774trn in March before revenue surged to N4.971trn in April The post NNPC’s 2026 revenue hits N28.5trn, jumps 21% in August appeared first on Vanguard News.Vanguard Nigeria
BUSINESS10h agoBotswana nears agreement to raise De Beers stake to ~25% - BloombergBotswana is reportedly close to an agreement to increase its stake in De Beers to approximately 25%. This indicates a significant move in the diamond mining industry, potentially giving Botswana more control over a key national resource.Seeking Alpha Tech
BUSINESS11h agoEnvironmentalists protest at African Energy Week in Cape TownClimate activists on Tuesday picketed outside the African Energy Week conference, in the South African city of Cape Town, calling for an end to new oil and gas exploration across the continent.Africanews [en]
BUSINESS13h agoF1 set to return to Africa for first time in three decadesFormula One has signed a 10-year agreement with Rwanda to bring the sport back to Africa for the first time since 1993.Al Jazeera [en]
BUSINESS13h agoProtecting Nigeria’s oil and gas assets through coordination and accountability, By Chido OnumahA Common Framework for Protecting National Assets The signing and launch, on 12 October, of the Standard Operating Procedure(SOP) for Government Security and Intelligence Agencies and Other Stakeholders under the Nigerian Oil and Gas Industry-Wide Security Architecture gives Nigeria a common framework for protecting hydrocarbon assets. It connects security operations with economic recovery, environmental protection […] The post Protecting Nigeria’s oil and gas assets through coordination and accountability, By Chido Onumah appeared first on Premium Times Nigeria.Premium Times
BUSINESS14h agoMauritius, Seychelles among most capitalist nations in Africa according to new indexMauritius, Seychelles and Botswana are the most capitalist countries in Africa, according to the Global Capitalism Index, a new ranking published by researchers affiliated with the University of Virginia.Africanews [en]
BUSINESS14h agoNNPCL’s profit after tax rises to N431bn in August – ReportNNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026. The post NNPCL’s profit after tax rises to N431bn in August – Report appeared first on Premium Times Nigeria.Premium Times
BUSINESS14h agoNNPC’s profit after tax rises to N431bn in August – ReportNNPC Ltd. made this known in its monthly operations and financial report for the month of August 2026. The post NNPC’s profit after tax rises to N431bn in August – Report appeared first on Premium Times Nigeria.Premium Times
BUSINESS14h agoeTranzact appoints five directors after ownership changeAccording to the company, the new directors bring experience in corporate leadership, banking, development finance, governance, legal advisory, infrastructure, energy, investment management and business transformation. The post eTranzact appoints five directors after ownership change appeared first on Premium Times Nigeria.Premium Times
BUSINESS15h agoRwanda – Jean-Guy Afrika: «Formula 1 is part of a much broader ambition»La Formule 1 signe son retour sur le continent africain en s’installant pour dix ans sur le circuit de Bugesera, près de Kigali. Pour le directeur général du Rwanda Development Board, cet investissement est cohérent avec la stratégie d’attractivité du pays.Jeune Afrique
BUSINESS15h agoFormula 1: Rwanda to bring sport back to AfricaThe last time Formula 1 hosted a race in Africa was way back in 1993. But a new track in Rwanda is set to host a Grand Prix in "the early 2030s," continuing the country’s investment in international sport.DW News [en]
BUSINESS16h agoFormula One to return to Africa in ‘early 2030s’ in RwandaRwanda will host Africa's first Formula One Grand Prix since 1993 in "the early 2030s" after the circuit announced a decade-long deal with the country on Tuesday. The post Formula One to return to Africa in ‘early 2030s’ in Rwanda appeared first on Vanguard News.Vanguard Nigeria