World News by Wild Rose

Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange.  He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealth potentials. Trading is expected to start in November. Meanwhile, global oil prices continued to advance as attacks by Yemen's Houthi rebels forced Saudi Arabia to shut down its East-West oil pipeline. 

In tonight's edition, Nigeria's Dangote refinery opens itself to public ownership with plans to raise 1.6 billion dollars from retail investors across the continent. Also, President Felix Tshisekedi calls on the National Service to clean up the streets of Kinshasa. And with a month and a half to go until the Youth Olympic Games begin, the Olympic flame begins its tour of Senegal, the tournament's host country.

Shares in Africa’s largest oil refinery went on sale on Monday with the initial public offering of Dangote Petroleum Refinery and Petrochemicals. Owner Aliko Dangote, the continent's richest man, says it's a chance for ordinary Africans to buy in.

Three banks have settled outstanding aircraft import duties as Nigeria Customs widens a verification drive, Punch reports. One payment was about N3 billion. The post Three Nigerian Banks Settle Aircraft Import Duties appeared first on The Rio Times.

Four new tax laws took effect in January and one of them reaches offshore share sales. The market is up 56 percent and the currency has strengthened. The post Investing in Nigeria 2026: What Changed, What It Pays and What to Watch appeared first on The Rio Times.

Nigeria · FINANCE Key Facts —What happened The online investment platform PXES stopped paying investors in early September 2026 and then became inaccessible. —The promises PXES offered returns of 25% to 50%, with some packages as high as 120%. —Who it hits Victims report losses from tens of thousands to millions of naira, with angry […] The post Nigerian Savers Lose Millions After the Online Investment Platform PXES Stops Paying Out appeared first on The Rio Times.

Nigeria · POLITICS Key Facts —What happened Otega Ogra, senior special assistant to President Bola Tinubu on digital and new media, said Atiku Abubakar’s plan to restore a fuel subsidy is not new and failed under Olusegun Obasanjo. —The numbers The Nigerian National Petroleum Corporation, as it was then called, increased domestic crude allocation to […] The post Nigeria’s Government Says an Opposition Candidate’s Fuel Plan Repeats One That Failed 20 Years Ago appeared first on The Rio Times.

Rio Times · Africa Intelligence Brief September 12, 2026 Africa Intelligence Brief — Saturday, September 12, 2026 Africa Intelligence Brief — Saturday, September 12, 2026 Key Facts The rupture. Nigeria’s parliament suspended all official visits to South Africa indefinitely on Friday, over xenophobic attacks against Nigerians and other Africans; Reuters reports evacuations of citizens are under way. The extradition. South African police announced the extradition of six Nigerian nationals to the United States on Friday, on suspicions tied to the Black Axe cyberfraud network. The seventh province. Ebola has been detected in South-Ubangi, the seventh province of DR Congo touched by the outbreak; WHO-linked reporting puts spread across 61 health zones in six provinces, which Africa Media Review calls the fastest-growing outbreak on record in the east. The post Africa Intelligence Brief — Saturday, September 12, 2026 appeared first on The Rio Times.

NIGERIA · BUSINESS & FINANCE Key Facts —What happened Access Bank has launched Season 8 of its Womenpreneur Pitch-A-Ton Africa programme in partnership with the International Finance Corporation, with 120 women entrepreneurs due to start a three-week mini-MBA in November 2026. —The track record More than 1,141 women across ten African countries have been trained […] The post Access Bank Women Entrepreneurs Programme Opens Season 8 With IFC appeared first on The Rio Times.

NIGERIA · GOVERNANCE & SECURITY Key Facts —The meeting An FBI delegation visited the EFCC’s Lagos Zonal Directorate 2 on 10 September 2026 to deepen a joint investigation into allegedly diverted US aid funds. —The money The probe targets funds from US-supported HIV and tuberculosis programmes, including money left with implementing organisations after programmes were […] The post FBI and EFCC Join Forces to Probe USAID Fund Diversion in Nigeria appeared first on The Rio Times.

Nigeria · MARKETS Key Facts —What happened Nine of Nigeria’s ten largest listed consumer goods firms earned less dollar revenue in 2025 than in 2022, the last full year before the foreign exchange reforms. —The numbers Combined dollar revenue fell 22 percent from US$6.22 billion in 2022 to US$4.85 billion in 2025, while naira revenue […] The post Nigerian Consumer Goods Firms Earn Fewer Dollars Than Before the 2023 Reforms appeared first on The Rio Times.

Months of anti-foreigner protests across South Africa have forced tens of thousands to leave the country.

Uber’s exits from Nigeria and Uganda highlight the growing challenges of making ride-hailing work in Africa.

Oil-rich Nigeria can tackle its cost-of-living crisis in part by fighting government waste, presidential candidate Peter Obi told AFP, as politicians jostle to lead Africa's most populous country.

NIGERIA · POLITICS Key Facts —What happened A group of youths blocked the convoy of Peter Obi, the Nigeria Democratic Congress (NDC) presidential candidate, at Gyado Villa along the Gboko Road in Benue State on Tuesday as he travelled towards Yelwata. —Why he was there Obi was heading to Yelwata, in Guma Local Government Area, […] The post Peter Obi’s Convoy Blocked by Youths on Benue Massacre Visit appeared first on The Rio Times.

NIGERIA · SECURITY Key Facts —The attack Gunmen raided Tofa, a community in Rabah Local Government Area (LGA) of Sokoto State, in the early hours of Monday and operated for about four hours, according to a security source quoted by the Daily Trust newspaper. —The dead The Punch newspaper reported at least 10 people killed. […] The post Bandits Kill at Least 10 and Abduct Dozens in Night Raid on Sokoto Village appeared first on The Rio Times.

NIGERIA · MARKETS Key Facts —What happened Dangote Petroleum Refinery signed the offer documents for its initial public offering, or IPO — the first sale of its shares to the public — at a ceremony in Lagos on Monday. —The offer 4.1 billion shares at N525 each (about US$0.40), aiming to raise N2.15 trillion (about […] The post Dangote Refinery Signs IPO Papers, Unveils US$14.3 Billion Plan to Double Capacity appeared first on The Rio Times.

‘5,000 naira used to make a pot of soup, now 10,000 naira isn't enough.’

In tonight's programme, a UN report says foreign fighters and support networks are fuelling Sudan’s war and worsening violence against civilians. Also, Uber is pulling out of Nigeria and Uganda, leaving thousands of drivers scrambling for new sources of income. And finally, we discuss the festival with co-director Diarah N’Daw-Spech and Laurence Cole, co-producer of the Nigerian film "Shadow of Greed".

Uber is leaving Nigeria and Uganda, ending its ride-hailing services in the two African markets with immediate effect.

Nigeria’s currency is headed for its best performance in almost a decade, as rising dollar inflows from higher oil prices and remittances help insulate the naira from political risks usually associated with its election season, according to analysts.

Nigeria on Tuesday confirmed the planned withdrawal of around 200 U.S. troops sent to help the West African country tackle its complex security crisis.