Author: Prima News

Dangote Refinery IPO has officially kicked off on NGX. NewsOnline Nigeria reports that the Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals FZE officially commenced on the Nigerian Exchange Limited (NGX) on Monday, September 14, 2026, marking a major milestone for Nigeria’s capital market.President of Dangote Group, Aliko Dangote, sounded the closing gong at the NGX as the 700,000-barrel-per-day Dangote Refinery became the first refinery to be offered on the Nigerian stock market in the Exchange’s 66-year history.Speaking at the event, Dangote highlighted the refinery’s growing role in the international aviation fuel market, stating that the facility has become the…

By Dipo Olowookere The positive momentum witnessed on Customs Street continued on Wednesday, with further gains of 0.20 per cent, influenced by the dominance of the bulls. Analysis of data from the Nigerian Exchange (NGX) Limited indicated that the insurance sector gained 1.56 per cent at midweek despite the energy counter losing 0.04 per cent to profit-taking. The Consumer goods index appreciated by 0.81 per cent, and the banking space rose by 0.20 per cent, while the industrial goods segment closed flat. At the close of business, the All-Share Index (ASI) soared by 487.28 points to 244,791.79 points from 244,304.51…

Chelsea have a new ownership structure after affiliates of Clearlake Capital Group acquired the ownership interests of Todd Boehly and Mark Walter, giving the US investment firm full control of the Premier League club. The club announced the change on Thursday, confirming that Mr Boehly has stepped down as chairman, while Swiss businessman Hansjörg Wyss will remain an important stakeholder in the ownership group. Clearlake said it intends to continue with the strategic direction established since the consortium acquired Chelsea in 2022. “There will be no changes to the day-to-day operations, leadership or strategy at the Club,” Chelsea said in…

The United States has barred officials of the Palestinian Authority and the Palestine Liberation Organization ahead of the United Nations General Assembly meetings in New York. The State Department, in a media note on Wednesday, asserted that the PA, Palestine’s interim governing body, and the PLO “failed to live up” to their obligations. In its report to Congress, the Department cited the breach of the PLO Commitments Compliance Act of 1989 and the Middle East Peace Commitments Act of 2002. The U.S. further listed initiation and support for international actions that undermine and contradict prior pledges highlighted in Security Council Resolutions…

Former Akwa United player and Flying Eagles star Aniekeme Asuquo has joined Iraqi club Al-Kadhimiya SC, taking his career to a new chapter outside Nigeria. Asuquo is a versatile midfielder who can also operate from the flanks, giving his new club an additional attacking option. The Nigerian was part of the Flying Eagles squad at the 2019 FIFA U-20 World Cup in Poland, where he was listed as a midfielder for Nigeria.  He started his professional career with Akwa United, joining the club from Akwa Starlet in 2018. He was part of the Akwa United team that competed in the…

“The current race towards ever more powerful AI is a step change towards greater existential risks to every aspect of our lives,” he wrote in an open letter.The High Commissioner’s message comes six days after a former researcher at Anthropic – the company behind the chatbot Claude – resigned from his position while warning that “the people building AI earnestly believe that it could kill us all by the end of the decade.”Several recent incidents, including Jacob Coxon’s resignation and announcements by OpenAI and Anthropic that their models had broken out of testing environments, have intensified the global debate over…

Apple TV is coming to Nigeria for the first time, with access bundled into an expanded iCloud+ subscription starting at ₦1,300 a month. The service will launch in Nigeria before the end of September 2026. The new iCloud+ plan goes beyond cloud storage, bundling Apple TV, Apple Arcade, Apple Music Select, and cloud storage into one subscription. Subscribers can also share the plan with up to five family members at no extra cost. Apple announced the Nigerian rollout on September 15 as part of a bigger expansion covering more than 100 countries. The move adds 59 new markets for Apple…

Peter Obi Media Office has listed 10 failures of Tinubu Administration ahead of 2027 election. NewsOnline Nigeria reports that the media office of the presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has launched a fresh criticism of the administration of President Bola Ahmed Tinubu, listing what it described as major failures ahead of the 2027 presidential election.In a statement issued on Sunday and signed by the media office’s spokesman, Idris Zekeri Jnr, the team highlighted concerns ranging from the rising cost of living and naira depreciation to insecurity, economic policies and declining public trust.The media office placed the…

Nigeria’s headline inflation rate eased to 15.39 percent in August 2026, extending its decline for a third consecutive month as food prices and broader consumer price pressures moderated. The latest Consumer Price Index report released by the National Bureau of Statistics showed that inflation declined marginally from 15.43 percent in July 2026, representing a 0.04 percentage-point moderation. Headline inflation was substantially lower than the 23.14 percent recorded in August 2025. Although the year-on-year decline was relatively small, the monthly data showed a much stronger moderation in price pressures. Nigeria’s month-on-month inflation rate dropped to 0.71 percent in August from 1.57…

By Shina Abubakar A final year student of Obafemi Awolowo University, OAU, Oluwole Oluwasegun of the department of Marerial Science and engineering has reportedly committed suicide. A statement issued by the Public Relations Officer of the institution, Olarewaju Abiodun on Wednesday disclosed that the incident occurred on Tuesday afternoon at the off campus hostel of the deceased. Abiodun added that the management was informed of the incident in the afternoon that the deceased committed suicide at his residence located around Damico area of Ooni layout in the ancient town. “Upon receipt of the information, the University’s Quick Response and Security…