Business Archives - Freedom Online https://freedomonline.com.ng/category/business/ ...express yourself Mon, 14 Sep 2026 17:23:00 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0.4 https://freedomonline.com.ng/wp-content/uploads/2015/08/cropped-icon-32x32.png Business Archives - Freedom Online https://freedomonline.com.ng/category/business/ 32 32 Dangote unveils N2.15trn IPO, says ‘Refinery could become Africa’s largest company by end of 2026’ https://freedomonline.com.ng/dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026/?utm_source=rss&utm_medium=rss&utm_campaign=dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026 https://freedomonline.com.ng/dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026/#respond Mon, 14 Sep 2026 17:23:00 +0000 https://freedomonline.com.ng/?p=284581 Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Industries Ltd., says the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals (FZE) will democratise wealth creation. Dangote said this at the “Facts Behind the Offer” presentation and opening gong ceremony for the refinery’s IPO on Monday in Lagos. The ceremony witnessed the […]

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]]> https://freedomonline.com.ng/dangote-unveils-n2-15trn-ipo-says-refinery-could-become-africas-largest-company-by-end-of-2026/feed/ 0 Nigeria’s oil output rises by 0.4% to 1,677,777 bpd https://freedomonline.com.ng/nigerias-oil-output-rises-by-0-4-to-1677777-bpd/?utm_source=rss&utm_medium=rss&utm_campaign=nigerias-oil-output-rises-by-0-4-to-1677777-bpd https://freedomonline.com.ng/nigerias-oil-output-rises-by-0-4-to-1677777-bpd/#respond Sun, 13 Sep 2026 21:14:38 +0000 https://freedomonline.com.ng/?p=284527 Nigeria’s crude oil and condensate production rose by 0.4 per cent to 1,677,777 barrels per day (bpd) in August 2026. The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its crude oil and condensate statistics report released on Sunday. The commission said crude oil production, excluding condensate, averaged 1,500,190 bpd during the month under […]

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]]> https://freedomonline.com.ng/nigerias-oil-output-rises-by-0-4-to-1677777-bpd/feed/ 0 Zenith Bank Opens Digital and Branch Channels for Dangote Refinery Share Subscription https://freedomonline.com.ng/zenith-bank-opens-digital-and-branch-channels-for-dangote-refinery-share-subscription/?utm_source=rss&utm_medium=rss&utm_campaign=zenith-bank-opens-digital-and-branch-channels-for-dangote-refinery-share-subscription https://freedomonline.com.ng/zenith-bank-opens-digital-and-branch-channels-for-dangote-refinery-share-subscription/#respond Sat, 12 Sep 2026 18:22:53 +0000 https://freedomonline.com.ng/?p=284481 Nigerians at home and in the diaspora seeking to participate in the landmark Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals can subscribe conveniently through Zenith Bank, a receiving bank for the historic transaction and a designated electronic application channel for the offer. Subscription is open through the Zenith Bank website, the Zenith mobile […]

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]]> https://freedomonline.com.ng/zenith-bank-opens-digital-and-branch-channels-for-dangote-refinery-share-subscription/feed/ 0 NNPC Retail Unveils Abuja Smart Fuel Station With EV Charging and Self-Service Technology https://freedomonline.com.ng/nnpc-retail-unveils-abuja-smart-fuel-station-with-ev-charging-and-self-service-technology/?utm_source=rss&utm_medium=rss&utm_campaign=nnpc-retail-unveils-abuja-smart-fuel-station-with-ev-charging-and-self-service-technology https://freedomonline.com.ng/nnpc-retail-unveils-abuja-smart-fuel-station-with-ev-charging-and-self-service-technology/#respond Fri, 11 Sep 2026 19:04:30 +0000 https://freedomonline.com.ng/?p=284436 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigeria Immigration Service (NIS) have praised NNPC Retail Ltd. for introducing a technology-driven smart fuel station equipped with self-service fueling and electric vehicle charging facilities. The new 24-hour facility was commissioned along Bill Clinton Drive, Airport Road, Abuja, as part of efforts to modernise […]

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]]> https://freedomonline.com.ng/nnpc-retail-unveils-abuja-smart-fuel-station-with-ev-charging-and-self-service-technology/feed/ 0 Nigeria Insurance Sector Capital Hits N1.08trn After NAICOM Recapitalisation Exercise https://freedomonline.com.ng/nigeria-insurance-sector-capital-hits-n1-08trn-after-naicom-recapitalisation-exercise/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-insurance-sector-capital-hits-n1-08trn-after-naicom-recapitalisation-exercise https://freedomonline.com.ng/nigeria-insurance-sector-capital-hits-n1-08trn-after-naicom-recapitalisation-exercise/#respond Fri, 11 Sep 2026 17:45:52 +0000 https://freedomonline.com.ng/?p=284412 Nigeria’s insurance industry has recorded a major increase in financial strength after a recapitalisation programme raised the sector’s total capital base to N1.079 trillion, according to the National Insurance Commission (NAICOM). The Commissioner for Insurance and Chief Executive Officer of NAICOM, Olusegun Omosehin, disclosed the figure during a media engagement in Lagos on Friday. He […]

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]]> https://freedomonline.com.ng/nigeria-insurance-sector-capital-hits-n1-08trn-after-naicom-recapitalisation-exercise/feed/ 0 Dangote Refinery IPO Triggers N1.88tn Stock Market Loss as Investors Raise Funds https://freedomonline.com.ng/dangote-refinery-ipo-triggers-n1-88tn-stock-market-loss-as-investors-raise-funds/?utm_source=rss&utm_medium=rss&utm_campaign=dangote-refinery-ipo-triggers-n1-88tn-stock-market-loss-as-investors-raise-funds https://freedomonline.com.ng/dangote-refinery-ipo-triggers-n1-88tn-stock-market-loss-as-investors-raise-funds/#respond Tue, 08 Sep 2026 18:25:26 +0000 https://freedomonline.com.ng/?p=284270 Nigeria’s equities market suffered a sharp decline on Tuesday as investors sold off shares valued at about N1.879 trillion amid preparations for the upcoming Initial Public Offer (IPO) of Dangote Petroleum Refinery. The decline ended a three-day positive run on the Nigerian Exchange Group (NGX), with market participants repositioning their portfolios ahead of the refinery’s […]

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]]> https://freedomonline.com.ng/dangote-refinery-ipo-triggers-n1-88tn-stock-market-loss-as-investors-raise-funds/feed/ 0 27 Vessels to Arrive Lagos Ports With Petroleum Products, Food Items, NPA Says https://freedomonline.com.ng/27-vessels-to-arrive-lagos-ports-with-petroleum-products-food-items-npa-says/?utm_source=rss&utm_medium=rss&utm_campaign=27-vessels-to-arrive-lagos-ports-with-petroleum-products-food-items-npa-says https://freedomonline.com.ng/27-vessels-to-arrive-lagos-ports-with-petroleum-products-food-items-npa-says/#respond Mon, 07 Sep 2026 16:38:46 +0000 https://freedomonline.com.ng/?p=284202 The Nigerian Ports Authority (NPA) has announced that 27 vessels carrying petroleum products, food items and other commodities are scheduled to arrive at major Lagos ports between September 7 and September 20. The vessels are expected at the Apapa Port, Lekki Deep Sea Port and Tin Can Island Port. The authority disclosed the development in […]

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]]> https://freedomonline.com.ng/27-vessels-to-arrive-lagos-ports-with-petroleum-products-food-items-npa-says/feed/ 0 Oyetola Transfers Inland Dry Port Functions to NPA in Major Maritime Reform https://freedomonline.com.ng/oyetola-transfers-inland-dry-port-functions-to-npa-in-major-maritime-reform/?utm_source=rss&utm_medium=rss&utm_campaign=oyetola-transfers-inland-dry-port-functions-to-npa-in-major-maritime-reform https://freedomonline.com.ng/oyetola-transfers-inland-dry-port-functions-to-npa-in-major-maritime-reform/#respond Thu, 03 Sep 2026 17:00:11 +0000 https://freedomonline.com.ng/?p=283766 The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has directed the transfer of Inland Dry Port (IDP) responsibilities from the Nigerian Shippers’ Council (NSC) to the Nigeria Ports Authority (NPA). The minister said the decision was part of ongoing reforms aimed at separating regulatory responsibilities from operational functions and creating clearer roles among […]

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]]> https://freedomonline.com.ng/oyetola-transfers-inland-dry-port-functions-to-npa-in-major-maritime-reform/feed/ 0 NECA Welcomes Nigeria’s 4.43% GDP Growth, Warns Economic Recovery Remains Fragile https://freedomonline.com.ng/neca-welcomes-nigerias-4-43-gdp-growth-warns-economic-recovery-remains-fragile/?utm_source=rss&utm_medium=rss&utm_campaign=neca-welcomes-nigerias-4-43-gdp-growth-warns-economic-recovery-remains-fragile https://freedomonline.com.ng/neca-welcomes-nigerias-4-43-gdp-growth-warns-economic-recovery-remains-fragile/#respond Tue, 01 Sep 2026 18:24:59 +0000 https://freedomonline.com.ng/?p=283739 The Nigeria Employers’ Consultative Association (NECA) has welcomed Nigeria’s latest economic growth figures but cautioned that the country’s recovery process remains delicate and requires sustained policy support. NECA Director-General, Mr Adewale-Smatt Oyerinde, said the 4.43 per cent Gross Domestic Product (GDP) growth recorded in the second quarter of 2026 was encouraging but should not be […]

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]]> https://freedomonline.com.ng/neca-welcomes-nigerias-4-43-gdp-growth-warns-economic-recovery-remains-fragile/feed/ 0 Alake Backs South-South Plan to Unlock Nigeria’s Solid Minerals Wealth https://freedomonline.com.ng/alake-backs-south-south-plan-to-unlock-nigerias-solid-minerals-wealth/?utm_source=rss&utm_medium=rss&utm_campaign=alake-backs-south-south-plan-to-unlock-nigerias-solid-minerals-wealth https://freedomonline.com.ng/alake-backs-south-south-plan-to-unlock-nigerias-solid-minerals-wealth/#respond Tue, 01 Sep 2026 17:57:46 +0000 https://freedomonline.com.ng/?p=283731 The Federal Government has pledged support for efforts by the South-South Development Commission (SSDC) to unlock the mineral potential of the region and promote sustainable mining activities. The Minister of Solid Minerals Development, Dele Alake, made the commitment when a delegation from the SSDC, led by its Director-General, Ms Usoro Offiong Akpabio, visited the ministry […]

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]]> https://freedomonline.com.ng/alake-backs-south-south-plan-to-unlock-nigerias-solid-minerals-wealth/feed/ 0 Nigeria GDP Growth: Experts Warn 4.43% Expansion Has Not Improved Living Standards https://freedomonline.com.ng/nigeria-gdp-growth-experts-warn-4-43-expansion-has-not-improved-living-standards/?utm_source=rss&utm_medium=rss&utm_campaign=nigeria-gdp-growth-experts-warn-4-43-expansion-has-not-improved-living-standards https://freedomonline.com.ng/nigeria-gdp-growth-experts-warn-4-43-expansion-has-not-improved-living-standards/#respond Tue, 01 Sep 2026 17:40:04 +0000 https://freedomonline.com.ng/?p=283726 Nigeria’s latest economic growth figures have generated mixed reactions from analysts, with experts warning that the country’s improving Gross Domestic Product (GDP) performance has not yet translated into better living conditions for many citizens. The National Bureau of Statistics (NBS) reported that Nigeria’s real GDP expanded by 4.43 per cent year-on-year in the second quarter […]

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]]> https://freedomonline.com.ng/nigeria-gdp-growth-experts-warn-4-43-expansion-has-not-improved-living-standards/feed/ 0 NPA: 20 Vessels Carrying Fuel, Wheat and Other Goods to Arrive Lagos Ports https://freedomonline.com.ng/npa-20-vessels-carrying-fuel-wheat-and-other-goods-to-arrive-lagos-ports/?utm_source=rss&utm_medium=rss&utm_campaign=npa-20-vessels-carrying-fuel-wheat-and-other-goods-to-arrive-lagos-ports https://freedomonline.com.ng/npa-20-vessels-carrying-fuel-wheat-and-other-goods-to-arrive-lagos-ports/#respond Wed, 26 Aug 2026 15:39:34 +0000 https://freedomonline.com.ng/?p=283375 The Nigerian Ports Authority (NPA) has announced that 20 vessels carrying petroleum products, food commodities and other goods are expected to arrive at Lagos ports between August 26 and August 30. The authority disclosed this in its Daily Shipping Position obtained by the News Agency of Nigeria (NAN) on Wednesday in Lagos. According to the […]

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]]> https://freedomonline.com.ng/npa-20-vessels-carrying-fuel-wheat-and-other-goods-to-arrive-lagos-ports/feed/ 0 Subsidy Return Could Reverse Nigeria’s Economic Gains, Mohammed Idris Warns https://freedomonline.com.ng/subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns/?utm_source=rss&utm_medium=rss&utm_campaign=subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns https://freedomonline.com.ng/subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns/#respond Mon, 24 Aug 2026 17:07:28 +0000 https://freedomonline.com.ng/?p=283297 The Minister of Information and National Orientation, Mohammed Idris, has warned that bringing back petrol subsidy could undermine Nigeria’s fiscal improvements and reverse gains recorded under President Bola Tinubu’s economic reforms. Idris said restoring the subsidy would also risk weakening investor confidence and recreating some of the financial pressures that made the previous system difficult […]

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]]> https://freedomonline.com.ng/subsidy-return-could-reverse-nigerias-economic-gains-mohammed-idris-warns/feed/ 0 Nigeria’s Inflation Falls to 15.43%, but Food Prices Surge — Economist Raises Alarm https://freedomonline.com.ng/nigerias-inflation-falls-to-15-43-but-food-prices-surge-economist-raises-alarm/?utm_source=rss&utm_medium=rss&utm_campaign=nigerias-inflation-falls-to-15-43-but-food-prices-surge-economist-raises-alarm https://freedomonline.com.ng/nigerias-inflation-falls-to-15-43-but-food-prices-surge-economist-raises-alarm/#respond Sun, 23 Aug 2026 17:57:29 +0000 https://freedomonline.com.ng/?p=283233 Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026, but rising food prices are creating a mixed economic picture, economist and public policy analyst Prof. Ken Ife has said. Ife made the observation in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday while reacting to the latest […]

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]]> https://freedomonline.com.ng/nigerias-inflation-falls-to-15-43-but-food-prices-surge-economist-raises-alarm/feed/ 0 12 Ships Arrive Lagos Ports With Petrol, Fertiliser, Wheat and Other Cargo https://freedomonline.com.ng/12-ships-arrive-lagos-ports-with-petrol-fertiliser-wheat-and-other-cargo/?utm_source=rss&utm_medium=rss&utm_campaign=12-ships-arrive-lagos-ports-with-petrol-fertiliser-wheat-and-other-cargo https://freedomonline.com.ng/12-ships-arrive-lagos-ports-with-petrol-fertiliser-wheat-and-other-cargo/#respond Thu, 20 Aug 2026 16:45:08 +0000 https://freedomonline.com.ng/?p=283060 Twelve ships carrying petroleum products, agricultural inputs and various commodities have arrived at ports in Lagos and are awaiting clearance to discharge their cargoes. The vessels are currently positioned at the Lekki, Tin-Can Island and Apapa ports, with their cargoes including petrol, bulk fertiliser, general cargo, wheat, aviation fuel, diesel and crude oil. The Nigerian […]

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