Category: BUSINESS
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Nigeria, U.S. sign framework for $700 billion mineral investment
Shettima seeks diaspora support for Tinubu’s economic reforms Nigeria and the United States have signed a landmark framework aimed at unlocking investment in Nigeria’s estimated $700 billion mineral resources and deepening bilateral cooperation in the critical minerals sector. Nigeria broke new ground in a drive to woo the United States to invest in the mining…
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Dangote Refinery Buys 16M Barrels Nigerian Crude for October
LONDON, Sept 10 (Reuters) – Nigeria’s Dangote refinery has bought at least 16 million barrels of Nigerian crude for October arrival, according to four industry sources, in line with recent months and much higher than last year’s average as Africa’s largest refinery ramps up processing. Dangote’s 16 million barrels, made up of monthly allocations from…
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Refinery shares may hit N10,000 — Dangote
Refinery shares may hit N10,000 — Dangote President of Dangote Industries Limited, Aliko Dangote, has said shares of the Dangote Petroleum Refinery, currently offered at N525, could rise to N10,000 in the future. Dangote also assured small-scale investors seeking to participate in the refinery’s Initial Public Offering that they would be prioritised in the allocation…
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Moody’s Positive Outlook Validates Tinubu’s Economic Reforms — Oyedele
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has described Moody’s latest assessment of Nigeria’s economy as a major external validation of the economic reforms implemented by the Bola Tinubu administration. Moody’s Ratings, one of the world’s leading credit rating agencies, on Friday upgraded Nigeria’s economic outlook from “stable” to “positive”, while…
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Bitcoin’s brutal fall: from $126,000 record to just above $60,000
After reaching an all-time peak in October 2025, Bitcoin has shed more than half its value — battered by ETF outflows, macro headwinds, and investor money chasing AI stocks instead. By IDEA Television Business Desk Bitcoin has lost more than half its value since touching a record $126,080 in October 2025 — one of the…
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Pentagon Blacklists BYD, Alibaba and Baidu as Chinese Military Companies
The US Department of Defence has expanded its list of firms it alleges support China’s military to 188 companies — now targeting some of Beijing’s most prominent commercial brands. IDEA TV News Desk The United States Pentagon has added electric vehicle giant BYD, e-commerce titan Alibaba, and technology conglomerate Baidu to its official list of…
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Falana’s Group Gives AGF 14 Days to Recover Over $120 Billion From Oil Firms
Prominent human rights lawyer Femi Falana (SAN) is leading a coalition that has issued a blunt ultimatum to Nigeria’s Attorney-General: recover over $120 billion and ₦66 billion from NNPCL and oil companies — or we’ll drag you to court. By Tom Solomon iboro The Alliance on Surviving COVID-19 and Beyond (ASCAB), through a letter signed…
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SpaceX Eyes $75 Billion IPO — The Largest Stock Market Debut in History
Elon Musk’s rocket company is going public at $135 per share, in a move that could push his personal fortune beyond $1 trillion. BY IDEA TV News Desk Elon Musk’s SpaceX has filed with the U.S. Securities and Exchange Commission to launch a $75 billion Initial Public Offering, pricing shares at $135 each. If completed,…
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SPACEX GOES PUBLIC: ELON MUSK’S ROCKET COMPANY FILES FOR WHAT COULD BE THE BIGGEST IPO IN HISTORY
By IDEA Television NEWS DESK Elon Musk’s SpaceX has officially filed its S-1 prospectus with the U.S. Securities and Exchange Commission, setting the stage for a stock market debut that Wall Street is already calling a once-in-a-generation event. The company is targeting a valuation of more than $1.75 trillion — a figure that would place…
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Nigeria Ranked Third-Largest Market for Guinness Brand Globally
Guinness Nigeria has been ranked the third-largest market for the Guinness brand worldwide, behind only Ireland and the UK. Find out what this milestone means for Nigeria’s economy and culture. IDEA Television Business & Economy Desk or many Nigerians, Guinness is not just a foreign drink — it is part of the fabric of everyday…
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