Banking Stocks Boost NGX Market Cap by ₦340bn as Industrial Shares Rally
The Nigerian Exchange (NGX) recorded a significant boost on Tuesday as banking stocks and select industrial equities drove the market…
Category: Business
Jaiz Bank Earnings Surge to N31.04bn on Strong Financing and Investment Growth
Jaiz Bank Plc has reported a significant rise in its earnings, posting a profit of N31.04bn for the 2025 financial…
Transcorp Hotels Reports N32.8 Billion Profit in FY2025, Declares N1.20 Final Dividend
Transcorp Hotels Plc has announced a strong finish to 2025, posting a full-year pretax profit of N32.8 billion, marking a…
Tinubu Pledges Continuation of Nigeria Economic Reforms as World Bank Applauds Policy Consistency
President Bola Ahmed Tinubu has reiterated that there is “no turning back” on Nigeria’s economic reform agenda, even as the…
Nigeria to Power Africa’s Growth Through Gas: NNPC Unveils $60bn Investment Plan
Nigeria is positioning itself as a key driver of Africa’s economic and industrial future by leveraging its abundant gas resources.…
Tinubu: Reforms Drive $8bn FIDs and $10bn Capital Inflows in Nigeria’s Oil & Gas Sector
President Bola Tinubu has hailed recent reforms in Nigeria’s oil and gas sector as transformative, saying they have ended years…
New Tax Reforms Set to Boost Nigeria’s Global GDP Share, Says Abdullahi Hashim
Nigeria’s recent tax reforms are positioning the country as a rising contributor to the global economy, with the International Monetary…
Nigeria Targets 7% Economic Growth by 2028 Through Structural Reforms, Says Finance Minister
Nigeria is positioning itself for stronger economic growth, with the Federal Government targeting a 7% expansion of the nation’s GDP…
Epstein wanted to trade in Nigeria’s crude oil, but feared being defrauded
Newly released FBI documents reveal that Jeffrey Epstein, the disgraced financier, explored a business deal to trade Nigerian crude oil…
TotalEnergies 2025 Results Raise Dividend Fears After First Loss in Six Years
TotalEnergies Marketing Nigeria Plc recorded its first major financial setback in six years in 2025, posting a pre-tax loss of…
Nigeria to Partner Global Allies on Clean Energy Transition — Tinubu
President Bola Tinubu has reaffirmed Nigeria’s commitment to working with African countries, global allies, and the private sector to deliver…
Government Securities Now Make Up 11% of Nigerian Banks’ Assets — S&P Warns of Sovereign Risk Exposure
Government securities now account for about 11 per cent of Nigerian banks’ total assets, highlighting years of constrained credit extension…
Nigeria Secures $18.2bn Oil Investments as 28 Field Development Plans Signal Sector Revival
Nigeria recorded a major turnaround in its oil and gas sector in 2025, securing $18.2bn in fresh investments following the…
How CBN Reforms Lifted Nigeria from EU High-Risk Financial List
For over a decade, Nigeria bore a costly global label as a “high-risk” country for money laundering and terrorism financing,…
NESG Appoints Transcorp CEO and Shell Executive to Strengthen Private-Sector Leadership
The Nigerian Economic Summit Group (NESG) has named two leading figures from the energy and corporate sectors to its Board…
Nigerians Warned of Epileptic Petrol Supply as Costs and Bank Debts Mount
Independent petrol marketers in Nigeria have cautioned that motorists may soon face an era of irregular or “epileptic” petrol supply.…
Dangote Group Expands Gas Supply Deals with NNPC Subsidiaries to Boost Industrial Growth
Three key subsidiaries of Dangote Industries Limited—Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc—have expanded their Gas Sales…
FG Raises N1.5 Trillion in 2026 First Bond Auction Amid Strong Investor Demand
The Federal Government of Nigeria raised a total of N1.5 trillion in its first bond auction of 2026, signaling strong…
Nigerian Stock Market Surges N6.8 Trillion in January as Blue-Chip Stocks Lead Recovery
The Nigerian Exchange Limited (NGX) started 2026 on a high note, adding N6.8 trillion or 6.8% to its market capitalization…
Nigerian Exchange Drops 549 Points as Investors Lose ₦300 Billion
Investors on the Nigerian Exchange (NGX) faced a sharp pullback on Wednesday, January 28, 2026, as the market shed 549.4…
Asia Markets Surge as Japan Hits Record High Amid U.S.-India Trade Deal
Asia-Pacific markets jumped on Tuesday as investor optimism returned, fueled by a fresh U.S.-India trade deal and strong Wall Street…
First HoldCo Stock Dip: Is This the Investment Opportunity Investors Have Been Waiting For?
On Lagos’ bustling Custom Street, one name has been on every investor’s lips this week: First HoldCo. Once seen as…
NNPC Remittance to FAAC Plunges 86%, Deepening Nigeria’s Oil Revenue Crisis
Nigeria’s oil revenue experienced a dramatic decline in 2025 as the Nigerian National Petroleum Company (NNPC) delivered only N604.61 billion…
Nigeria’s Refiners Struggle Amid Crude Shortages Despite 306 Million Barrels Exported in 2025
Local oil refiners in Nigeria continue to grapple with persistent crude shortages, even as the country exported an estimated 306…
Lokpobiri: Only Foreign Firms Can Handle Offshore Exploration in Nigeria
Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that local companies currently do not have the capacity…
CBN Report Reveals Sharp Divide in Nigeria’s Fintech Industry Over Regulatory Environment
Nigeria’s fintech ecosystem is split down the middle on how supportive the country’s regulatory framework really is, according to the…
European Stocks Rise as Markets Stabilize After Historic Global Sell-Off
European stocks opened higher on Tuesday as global markets showed signs of calm following a brief but historic sell-off that…
Nigerian Engineers Prove Global Capability with Egina, Ikike Projects – TotalEnergies
Nigeria’s Egina deepwater and Ikike shallow-water oil projects have emerged as strong evidence that Nigerian engineers, contractors, and service providers…
Naira Ends January Stronger at ₦1,386/$ in Official Market as FX Stability Improves
The naira closed the month of January 2026 on a positive note, strengthening against the United States dollar in Nigeria’s…
Profit Up 29%, Rating Down to Junk: The Afreximbank Paradox
Africa’s largest trade finance institution, Afreximbank, is in the spotlight after Fitch Ratings downgraded the bank to junk status on…