January 26, 2026/Dangote Group Vice President Kashim Shettima has said Nigeria is on the threshold of becoming a net exporter of refined petroleum products, driven by the operational capacity of the Dangote Petroleum Refinery, Africa’s largest single-train refinery located in Lagos. Shettima made the declaration on Thursday while speaking at […]
World News
Afreximbank Announces Termination of Its Credit Rating Relationship with Fitch
This decision follows a review of the relationship, and its firm belief that the credit rating exercise no longer reflects a good understanding of the Bank’s Establishment Agreement January 23, 2026/Afreximbank African Export-Import Bank (Afreximbank) has today officially terminated its credit rating relationship with Fitch Ratings. This decision follows a […]
How Inside Jobs and Policy Shocks Trigger Nigeria’s Rising Loan Crisis
January 22, 2026 By Blaise Udunze The latest in the Nigerian banking sector, as banks grapple with the recapitalization compliance deadline, is confronted with a familiar yet unsettling problem that stems from rising loan defaults amid expanding credit. Data from the Central Bank of Nigeria’s (CBN’s) latest macroeconomic outlook of […]
