Dangote Refinery Wins Approval for Africa’s Biggest Share Sale
The Dangote Refinery IPO is cleared: 4.1 billion shares at 525 naira could raise 2.15 trillion naira, about US$1.55 billion,...
September 6, 2026Section
Nigeria News in English
The Rio Times covers Nigeria daily in English — the naira, oil, politics and business in Africa’s largest economy. Today’s Nigeria news in English, updated every day, with market data and analysis for international readers.
Browse by themeAfrica Critical Minerals · Africa Energy · Africa Markets & Investment · Africa & Latin America · Africa & the Great Powers · Doing Business & Living in Africa
Cost of Living Lagos Rent Hits ₦17.25 Million for an Ikoyi Two-Bedroom
Cost of living Lagos jumps as Ikoyi two-bedroom rent reaches ₦17.25 million (US$13,000) a year, meaning expats and investors face...
September 4, 2026
Naira Firms to 1,315.67 per Dollar as CBN Holds Rate at 26.50%
The naira appreciated to 1,315.67 per dollar on the official window, while the CBN held rates at 26.50%, narrowing the...
September 4, 2026
Dangote Refinery Cuts Nigeria’s Petrol Import Bill by 96 Percent
Tinubu's reforms are reshaping Nigeria's economy as the Dangote refinery cuts the petrol import bill by 96% in early 2026,...
September 4, 2026
Nigeria’s Central Bank Cut a Rate Its Market Was Pushing Higher
Nigeria treasury bills cleared at 17.15 percent for one year, a 44 basis point cut, after bids of N3.63 trillion...
August 29, 2026
Nigeria Is Back in the FTSE Frontier Index, Three Years On
Nigeria frontier market status returns on 21 September after FTSE Russell cleared the settlement cycle, three years after the country...
August 28, 2026
Nigeria’s Exports to China Jump 81% After Tariffs End
Nigeria China trade hit US$17.4 billion in the first half of 2026 as exports to China jumped 81% to US$2.25...
August 26, 2026
Shell and NNPC Sign Terms for US$21 Billion Bonga Project
NNPC, Shell, Esso and Agip signed addenda for Bonga South West Aparo, a deepwater project that could draw US$21bn and...
August 26, 2026
US$286 Million in African Music Royalties Goes Missing Every Year
African music royalties worth US$286 million go uncollected each year in Kenya and Nigeria alone. A new US programme is...
August 26, 2026