Heirs Holdings Strengthens Board with Appointments of Obinna Ufudo and Sola Yomi-Ajayi
Heirs Holdings, a leading pan-African investment company, has announced the appointment of Obinna Ufudo and Sola Yomi-Ajayi as Non-Executive Directors,…
Category: Business
Naira Weakens Across FX Markets Amid Supply Constraints and Demand Pressures
The naira closed last week on a weaker note across Nigeria’s foreign exchange markets, as supply shortages and persistent demand…
Tinubu Secures $20bn Shell Investment for Nigeria’s Energy Sector
Nigeria’s President Bola Tinubu has successfully reinforced the country’s investment appeal, welcoming Shell Plc’s CEO, Wael Sawan, to the Presidential…
Pipeline Infrastructure Ltd Pledges Support for Nigeria’s 2.5 Million BPD Crude Output Target
Pipeline Infrastructure Nigeria Limited (PINL), the private security company responsible for monitoring the Eastern Corridor of the Trans Niger Pipeline…
Nigerians Prioritize Entrepreneurship and Self-Improvement in 2026 – Google Search Trends Reveal Shi
As 2026 begins, Nigerians are turning their attention toward building businesses, enhancing personal skills, and prioritizing wellness, according to the…
Top 5 Nigerian Stocks to Watch This Week: Dangote Sugar, Fidelity Bank, GTCO, May & Baker, and Presco
Nigeria’s stock market continues to present opportunities for investors looking for strong growth and promising returns. This week, five companies…
Nigerian Equities Market to Remain Range-Bound Amid Investor Caution
The Nigerian equities market is expected to remain range-bound in the near term as investors continue to tread carefully amid…
European Markets Open Week Slightly Higher Amid Geopolitical Tensions
European stocks started the week in positive territory on Monday, with the pan-European Stoxx 600 index inching up 0.1% in…
Dangote Refinery Becomes Key Player in Global Fuel Market Amid Europe and U.S. Plant Shutdowns
Africa’s richest man, Aliko Dangote, is positioning his Lagos-based mega-refinery as a critical player in the global fuel market. As…
Nigeria’s Exports to Africa Surge 14% in H1 2025, Fuel Leads Trade Growth
Nigeria has recorded a 14% increase in exports to Africa in the first half of 2025, reaching a total of…
Nigeria’s Money Supply Hits N124.4 Trillion as Currency Circulation Rises
Nigeria’s money supply (M²) rose by 1.2 percent month-on-month (MoM) to N124.4 trillion in December 2025, up from N122.9 trillion…
Nigeria’s Stock Market Hits Historic Highs in 2026—but Hidden Risks Lurk Beneath the Rally
Nigeria’s stock market has entered 2026 on a historic high, with total market capitalization crossing the ₦100 trillion mark and…
Private Sector Credit Rises to N75.8 Trillion in December 2025 as CBN Policies Begin to Bite
Private sector credit in Nigeria climbed to N75.8 trillion in December 2025, up from N74.63 trillion in November, according to…
Oil prices hold above Nigeria’s $64.85 budget amid Middle East tensions
Global oil prices remained firm on Monday, trading above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions…
LIRS Targets Banks, Employers to Recover Unpaid Taxes Under New Enforcement Powers
The Lagos State Internal Revenue Service (LIRS) has announced plans to intensify efforts to recover unpaid taxes by enforcing its…
Dangote Refinery Switches to Lighter Crude as Cracker Downtime Slows Ramp-Up
The Dangote Petroleum Refinery has switched to processing lighter crude oil as it works to limit production disruptions caused by…
European Markets Dip Amid Davos Tensions; Ericsson Shares Surge 11% After Q4 Beat
European markets slipped slightly on Friday, with the pan-European Stoxx 600 down 0.14% by mid-morning in London. Investors reacted to…
Tony Elumelu Joins Seplat Energy Board Following $496 Million Stake Acquisition
Seplat Energy Plc has announced the appointment of prominent Nigerian entrepreneur and philanthropist Tony Elumelu as a Non-Executive Director on…
Nigeria’s Oil Industry in 2025: Investment, Reforms, and Rising Production
Nigeria’s oil and gas sector experienced a transformative 2025, marked by policy reforms, strategic acquisitions, and renewed investment. The year…
Nvidia CEO Jensen Huang Heads to China Amid AI Chip Sales Challenges
Nvidia CEO Jensen Huang is set to visit China in the coming days, just ahead of the mid-February Lunar New…
World Bank Backs $50 Million Solar Farming Expansion to Boost Nigeria’s Agriculture
The World Bank has approved $50 million to scale solar-powered agricultural solutions in Nigeria and five other African nations, aiming…
NGX Must End ‘Listing by Introduction’ to Boost Transparency and Investor Confidence
Nigeria’s capital market is at a crossroads as investors and experts increasingly question the practice of listing companies by introduction…
Nigeria’s Economy Shows Strong Recovery, Says Oduwole at World Economic Forum
Nigeria’s economy is showing clear signs of recovery, driven by strategic reforms and increased investor confidence, the Minister of Industry,…
CBN MPC Divided on November Rate Cut as Inflation Shows Signs of Easing
Members of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) were sharply divided at their November 2025 meeting…
NGX Records N11.92 Trillion in Trades as Domestic and Foreign Investments Hit 19-Year High
The Nigerian Exchange (NGX) witnessed a historic surge in stock trading in 2025, with domestic and foreign portfolio investments hitting…
LIRS Urges Lagos Employers to Meet January 31 Tax Filing Deadline to Avoid Penalties
The Lagos State Internal Revenue Service (LIRS) has issued a stern reminder to all employers in Lagos to comply with…
CBN’s Tight Monetary Policy Cuts Inflation by 10 Points, Governor Cardoso Confirms
Nigeria’s sustained monetary tightening has played a key role in reducing inflation, with the Central Bank of Nigeria (CBN) confirming…
Trump Sues JPMorgan for $5 Billion Over Alleged Political “Debanking”
Former U.S. President Donald Trump has taken legal action against the nation’s largest bank, JPMorgan Chase, filing a $5 billion…
Tinubu Approves Commercial Oil Drilling in Ogun, Revives Olokola Deep Seaport
President Bola Ahmed Tinubu has approved the commencement of commercial oil drilling at Tongeji Island in Ipokia Local Government Area…
Domestic and Foreign Investors Push Nigeria’s Equity Market Trades to N11.92tn in 2025
Nigeria’s equity market closed 2025 on a historic note, with total transactions soaring to N11.92 trillion, driven by strong participation…