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BUSINESSSep 1Sasol Non-GAAP EPS of R38,31.00, revenue of R272.12BSasol reported its Non-GAAP Earnings Per Share (EPS) as R38,31.00 and revenue of R272.12 billion. This provides an update on the company's financial performance.Seeking Alpha Tech
BUSINESSSep 1OML 42: Nestoil targets improved oil production with $28m investmentNestoil Group, yesterday disclosed that it has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria. The Group, in a statement, said through its strategic business unit, Scorpio Drilling International, it recently deployed the Pathfinder 500 rig to Oil Mining […] The post OML 42: Nestoil targets improved oil production with $28m investment appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 1Banks’ borrowing drops 89% to N126bnBanks’ borrowing from the Central Bank of Nigeria’s (CBN) Standing Lending Facility, SLF, declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026, reflecting higher liquidity in the banking system. The CBN has two short term lending windows for banks: the      Standing Lending Facility (SLF) and Repo […] The post Banks’ borrowing drops 89% to N126bn appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 1Electricity subsidy bill hits N1.92trn in 2025 — NERCBy ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity tariffs and rates paid by customers, according to the Nigerian Electricity Regulatory Commission (NERC). NERC, in its 2025 industry report, put the government’s gross tariff […] The post Electricity subsidy bill hits N1.92trn in 2025 — NERC appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 1Nigeria’s GDP rises 4.4% as oil sector reboundsBy Elizabeth Adegbesan The National Bureau of Statistics (NBS), yesterday,  said that the Nigerian economy expanded in real terms by 4.43 percent  year-on-year, YoY, in the second quarter of 2026, Q2’26  from 4.2 percent  in Q2’25. NBS disclosed this in its Gross Domestic Product, GDP, report for Q2’26 noting that both the oil and non-oil […] The post Nigeria’s GDP rises 4.4% as oil sector rebounds appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 1Dollar to Naira exchange rate today, September 1, 2026The Nigerian naira is trading at different rates against the US dollar across the official foreign exchange market and the parallel market as of Tuesday, September 1, 2026. The post Dollar to Naira exchange rate today, September 1, 2026 appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 1How PCEA Sh650M Milele Hotel Loan Snowballed Into a Sh1B Debt CrisisA Sh650M loan for the PCEA Milele Hotel reportedly escalated into a Sh1B debt crisis. This situation illustrates the financial challenges faced by the organization and the potential complexities of large-scale lending.nairobiwire.com · Kenya
BUSINESSSep 1INVESTIGATION: Oil companies violate Nigerian laws, flare gas, face no sanctions (1)Four years after Nigeria tightened its anti-gas flaring laws, a PREMIUM TIMES investigation finds weak enforcement, rising methane emissions, with oil-producing communities paying severely for these. The post INVESTIGATION: Oil companies violate Nigerian laws, flare gas, face no sanctions (1) appeared first on Premium Times Nigeria.Premium Times
BUSINESSSep 1Dangote / NNPCL feud : Technology of cooperating with one enemiesThis article discusses a feud between Dangote and NNPCL, with an unusual perspective on cooperation with adversaries. It implies a significant dispute between two major entities.punchng.com · Nigeria
BUSINESSSep 1Oversight: Dangote Refinery secures court’s orders against NMDPRAA Federal High Court sitting in Lagos has restrained the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, a federal agency charged with the responsibility to regulate, monitor, supervise technical and commercial operations... The post Oversight: Dangote Refinery secures court’s orders against NMDPRA appeared first on Vanguard News.Vanguard Nigeria
BUSINESSSep 1SECURING NIGERIA ECONOMIC RE - BIRTH – THISDAYLIVEThis article discusses efforts to secure Nigeria's economic resurgence. It highlights ongoing initiatives for the nation's financial recovery and growth.thisdaylive.com · Nigeria
BUSINESSAug 31Nigeria GDP grows by 4 . 43 % in Q2 of 2026 NBSNigeria's Gross Domestic Product (GDP) grew by 4.43% in the second quarter of 2026, according to the National Bureau of Statistics (NBS). This data provides insight into the country's economic performance.tribuneonlineng.com · Nigeria
BUSINESSAug 31Ibom Air’s latest Airbus aircraft is second among the 10 ordered by ex-Gov Emmanuel’s administrationBesides establishing Ibom Air and overseeing its steady growth, the Emmanuel administration also built the new international terminal at the Uyo airport, which has continued to enthrall air passengers. The post Ibom Air’s latest Airbus aircraft is second among the 10 ordered by ex-Gov Emmanuel’s administration appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31Tinubu Welcomes Nigeria’s 4.43% GDP Growth, Promises Stronger Microeconomic PerformancePresident Bola Tinubu urged Nigerian to stay vigilant by ensuring the sustainable progress recorded remains irreversible. The post Tinubu Welcomes Nigeria’s 4.43% GDP Growth, Promises Stronger Microeconomic Performance appeared first on Channels Television.Channels TV
BUSINESSAug 31Tinubu welcomes GDP growth report, assures stronger microeconomic performancePresident Bola Tinubu has welcomed the news on Monday from the National Bureau of Statistics, which shows that Gross Domestic Product for the second quarter of 2026 grew by 4.43 per cent, up from 4.23 per cent in the second quarter of 2025. The post Tinubu welcomes GDP growth report, assures stronger microeconomic performance appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31Kenya airport staff strike delays thousands of passengersIn tonight's edition, a workers' strike at Kenya's main airport leaves travelers grounded. Also, Ghanaian cocoa farmers are ramping up their pushback against a new law preventing them from using their land for anything else without permission. And in Tunisia, Sidi Bou Said's been recognized by UNESCO as being important to global heritage.France 24 [en]
BUSINESSAug 31Dangote Refinery secures court orders against NMDPRAJustice Akintayo Aluko made the order on Monday while granting a motion ex parte in suit marked FHC/L/CS/1174/26, filed and moved by lawyers to the Dangote Petroleum Refinery led by Olawale Akoni, SAN. The post Dangote Refinery secures court orders against NMDPRA appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31At Castel, the clan war does not weakenLa guerre de succession au sein du groupe Castel s’emballe. Communiqués contradictoires, révocations contestées et batailles judiciaires : la gouvernance d’un empire présent dans 22 pays africains vacille.Jeune Afrique
BUSINESSAug 31Nigeria’s economy grows 4.43% in Q2 2026 — NBSNigeria’s economy expanded faster in the second quarter of 2026, supported by improved performances in the oil and non-oil sectors, although industrial growth slowed compared with a year earlier. The post Nigeria’s economy grows 4.43% in Q2 2026 — NBS appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31Why our fares for Uyo routes are high – Ibom AirIbom Air said it uses a standard airline pricing system in which tickets are sold in different fare classes, beginning with the lowest available fares. The post Why our fares for Uyo routes are high – Ibom Air appeared first on Premium Times Nigeria.Premium Times
BUSINESSAug 31South African airline Airlink defends dramatic stadium flyoverFootage of the flyover quickly began circulating on social media, prompting mixed reactions as some expressed concerns over safety.EuroNews [en]
BUSINESSAug 31OML 42: Nestoil invests $28m in rigs to boost productionBy Obas Esiedesa, Abuja Nestoil Group has invested about $28 million in two drilling rigs as part of efforts to boost crude oil production and strengthen indigenous drilling capacity in Nigeria. The Group disclosed this in a statement on Monday, saying its strategic business unit, Scorpio Drilling International, recently deployed the Pathfinder 500 rig to […] The post OML 42: Nestoil invests $28m in rigs to boost production appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31Nigeria’s GDP grows 4.4% in Q2 2026 — NBSBy Elizabeth Adegbesan ABUJA — Nigeria’s economy grew by 4.4 per cent year-on-year in the second quarter of 2026, up from the 4.2 per cent recorded in the corresponding period of 2025, the National Bureau of Statistics (NBS) said on Monday. The growth was driven by improved performances in both the oil and non-oil sectors […] The post Nigeria’s GDP grows 4.4% in Q2 2026 — NBS appeared first on Vanguard News.Vanguard Nigeria
BUSINESSAug 31‘It’s false’ – OPay dismisses viral shutdown reportsDigital financial services provider OPay has dismissed reports claiming that it will suspend operations from Tuesday, September 1, 2026. The post ‘It’s false’ – OPay dismisses viral shutdown reports appeared first on Vanguard News.Vanguard Nigeria