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Tuesday, August 18, 2026

Economy

August 18, 2026

Dangote Refinery secures $1 billion commitment ahead of IPO launch

Dangote Refinery said it secured a $1 billion underwriting programme ahead of its planned IPO.

Dangote Refinery
August 18, 2026

21 ships to berth at three Lagos ports, NPA says

The NPA said the ships would arrive between August 18 and August 25.

Apapa port (Credit: Stears)
August 18, 2026

Iran, Brazil set to deepen economic, trade ties

Iran and Brazil agreed to develop a joint roadmap to deepen economic and trade relations.

Flags of Iran, Brazi
August 18, 2026

Sri Lanka to criminalise unauthorised forex transfers

The proposed amendment will affect the Foreign Exchange Act, No. 12 of 2017, which the government said contains gaps that limit criminal action against certain outward remittances.

Sri Lankan rupee
August 18, 2026

FG, states, LGs shared N3.007 trillion revenue in July: FAAC

FAAC said the July figures indicated an improvement in statutory revenue, with gross statutory revenue rising to N4.359 trillion.

Federation Account Allocation Committee
August 18, 2026

Experts urge FG to list state assets to bolster stock market

A senior researcher at BAA Consult, Benjamin Akinsoto, urged regulators to reduce bureaucratic bottlenecks to attract more foreign investors.

Nigerian Exchange
August 18, 2026

Consumer protection council seizes multimillion-naira expired products from Kano supermarket

A supermarket, SUFAYE Investment, has handed over damaged and expired products worth over N28 million to the Kano State Consumer Protection Council for disposal.

Kano State Consumer Protection Council (KSCPC)
August 18, 2026

Nigerian airlines urged to engage unions constructively

Airlines have been urged to engage air transport unions constructively to ensure sector stability and avert losses for industry players and the broader economy.

Air Peace, Ibom Air, Arik Air, United Nigeria Airlines, Umza Air, NG Eagle, Max Air, Caverton Helicopters, Overland Airways, Rano Air and ValueJet.
August 18, 2026

NBTE, SMEDAN move to strengthen entrepreneurship training in polytechnics

NBTE, in collaboration with SMEDAN, has begun validating the National Diploma (ND) Entrepreneurship curriculum.

Idris Bugaje and others at the four-day national critique and validation workshop
August 18, 2026

Nigerian businesses offered platform to fight AI-driven cybercrime

Digital Encode, a Nigerian cybersecurity company, says it has deployed an AI platform to help organisations fight increasingly sophisticated cybercrime.

A hacker on a computer used to illustrate the story.