Author: Ogochukwu Ndubuisi

Libya Oil Firm Takes Full Control of Country’s Largest Refinery Libya’s state-owned oil company took full control of the country’s largest refinery on Monday, ending a decade-long legal dispute with a United Arab Emirates-based company. The National Oil Corp. (NOC) said it signed a final agreement with UAE-based Trasta to end their partnership in the Libyan Emirates Oil Refining Co. (LERCO), giving the NOC full ownership of the Ras Lanuf refinery and petrochemical complex. NOC Chairman Masoud Suleman called the deal one of the most important developments in Libya’s oil sector since the 2011 uprising, saying it closes one of…

Barcelona Edges Madrid 2-0 to Seal LaLiga Title Barcelona defeated rivals Real Madrid 2-0 on Sunday night to clinch the LaLiga title for the second consecutive time. Goals from Marcus Rashford and Ferran Torres in the 9th and 18th minutes of the game put Barcelona in front in the first half. Madrid couldn’t stage a comeback in the second half as Barcelona were largely in control of the game at Camp Nou. Madrid came close on a couple of occasions, with Jude Bellingham almost pulling one back, but the England midfielder was ruled offside. The win moved Barcelona  14 points…

Dangote Cement Plc has overtaken BUAFoods and MTN Nigeria as the most valuable listed company on the Nigerian Exchange, with its market cap hitting N18.358 trillion at the close of trading on Friday.

The Nigerian Exchange (NGX) All-share index and market capitalisation expanded as equity investors gained N1.1 trillion over the last five trading sessions in the local bourse.

Adewole Adebayo Clinches SDP Presidential Ticket A faction of the Social Democratic Party (SDP) has elected Prof. Adewole Adebayo as its presidential flagbearer in the 2027 election. Adebayo was elected as the sole presidential candidate of the party during the 2026 National Conventions and Presidential Primaries, on Saturday in Bauchi. Edoho James-Nsima, Chairman of the Electoral Committee, declared Adebayo as the overall winner at the end of the exercise. He said that Adebayo was elected and affirmed as the consensus candidate by the delegates from the 36 states and the Federal Capital Territory (FCT). James-Nsima said the election was conducted…

Solana (SOLUSD) spiked by about 6% in 24 hours to $93.42 on market optimism after Exodus launched an AI stablecoin on the Solana network. Reflecting investors’ optimism, Solana trading volume jumped 20% to about $5 billion at the last look on Saturday.

Bitcoin (BTC) price is up 0.65% to $80,391.92, moving in line with a broader market that gained 1.09% amid US job growth that beat and dimmed geopolitical tensions.  

Nigeria Moves to Launch New National Shipping Carrier With Global Partners The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, stood before an audience of maritime stakeholders in Lagos on Thursday and announced that the federal government has made significant progress toward relaunching a Nigerian national shipping carrier, the country’s first in over three decades. Two of the world’s most powerful port operators, Abu Dhabi-based AD Ports Group and Dubai’s DP World, have already indicated their interest in partnering with Nigeria to make the vision a reality. The numbers behind the announcement tell a sobering story. Since the collapse…

Investors Gain N3.2trn as Cement Oligarchs Recoup Losses The Nigerian stock market closed in the green on Friday, with investors pocketing N3.2 trillion in capital appreciation, reversing the previous day’s downtrend. The sharp resurgence followed price recovery posted by the cement oligarchs after significant losses posted by Dangote Cement, Lafarge Africa and BUA Cement the previous day. The market performance indicators rose by 2.06% on the back of bullish sentiment, fully offsetting the losses recorded so far this week, reflecting investors’ positive trading sentiment. Trading data from the Nigerian Exchange showed investors increased bets in top tickers, including DANGCEM, OANDO,…

Nigerian Maritime Stakeholders Demand End to Dollar-Denominated Port Charges A quiet but growing rebellion is building inside Nigeria’s maritime sector. Across the industry, from freight forwarders and shipowners to petroleum marketers and aviation operators, stakeholders are raising their voices against one of the most frustrating contradictions in the Nigerian economy: being forced to pay for services on Nigerian soil in United States dollars. The complaint is simple, but the cost is enormous. Port charges, vessel fees, jetty berths, and shipping dues collected by agencies, including the Nigerian Ports Authority and the Nigerian Maritime Administration and Safety Agency, are still being…