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The African Group at the United Nations (UN) has declared full support for Nigeria’s candidature for election into Category “C” of the International Maritime Organisation (IMO) Council for the 2026–2027 biennium. The endorsement came during a high-level presentation by Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, at the African Union Mission in New ...
News
BUA Foods Plc has approved a dividend payout of ₦13.00 per ordinary share for the financial year ended December 31, 2024, following the endorsement of major resolutions at its Fourth Annual General Meeting (AGM) held on September 11, 2025. At the meeting, shareholders received the company’s audited financial statements alongside the reports of the directors, ...
Story behind the figures
Ecobank Transnational Incorporated (ETI) demonstrated remarkable resilience in the first half of 2025, delivering a strong performance despite a challenging macroeconomic environment. The bank's diversified business strategy and a focus on operational efficiency drove significant growth in profitability and revenue across its 35-country footprint. Financial highlights and performance drivers ETI's H1 2025 results were marked ...
Capital Market
The Nigerian Exchange (NGX) concluded the week on a high note, as investors' trading activities propelled the market to a 1.12% gain. A total of 3.19 billion shares valued at N99.7 billion were exchanged in 132,711 deals, reflecting a significant increase in transaction value compared to the previous week. This week's figures represented a 10.4% ...
Capital Market
Shares of eTranzact International Plc were the top performer on the Nigerian Exchange for the week, surging by 45.15% to close at N14.95. This impressive rally was fueled by strong investor confidence following key corporate developments. The fintech firm, which started the week at N10.30, experienced a buying frenzy that analysts attribute to the Federal ...
Money market
As financial institutions scramble to meet new capital requirements, the first half of 2025 has witnessed Banks raise over N2.5 trillion in fresh capital through various means, including rights issues and private placements. This is according to figures reported in the 20th Nigeria Banking Sector Report 2025, titled “ACT-BOLD: Beyond a Trillion Dollar Economy” by Afrinvest ...
Capital Market
The Debt Management Office (DMO) has called on the Nigerian media to exercise restraint in reporting the country’s debt situation, stressing the need for accuracy and verification before publication. In a statement released on Thursday in Abuja, the DMO dismissed recent reports quoting the West Africa Association of Public Accounts Committees (WAAPAC) as ranking Nigeria ...
Capital Market
The Nigerian Exchange Limited (NGX) sustained its upward momentum on Thursday, closing positive for the fourth consecutive session as strong performances from Guinness Nigeria Plc, C&I Leasing and Etranzact lifted the market. The All-Share Index (ASI) gained 0.21 per cent, climbing to 140,665.84 points from 140,365.36 points in the previous session. Market capitalisation increased by ...
Capital Market
Fidelity Bank Plc has delivered food supplies to residents of Ilaje and Ese-Odo Local Government Areas in Ondo State, reinforcing its commitment to improving lives and supporting vulnerable groups across the country. At the distribution exercise on Thursday, Regional Bank Head, Southwest 1, Mr Folaranmi Jemirin, explained that the Fidelity Food Bank Initiative was designed ...
Maritime
The Nigerian Ports Authority (NPA) has announced the successful installation of Electronic Barrier Systems (EBS) across all terminals in Lagos Port as part of efforts to improve operational efficiency and streamline traffic management. In a statement on Thursday, the Managing Director of NPA, Dr. Abubakar Dantsoho, said the project followed extensive consultations with stakeholders to ...
Business Direct
Dangote Cement Plc’s newly appointed chairman, Emmanuel Ikazoboh, has rolled out a five-point agenda aimed at sustaining the company’s growth momentum while deepening its contribution to Africa’s industrial and economic development. Ikazoboh presented his priorities on Tuesday at the Nigerian Exchange Group (NGX Group) in Lagos during a combined Closing Gong Ceremony and Facts Behind ...
Capital Market
Nigeria’s equities market extended its rally on Wednesday, notching its third consecutive advance this week with a 0.41 percent rise. The Nigerian Exchange Limited (NGX) All Share Index (ASI) climbed from 139,796.11 points in the previous session to 140,365.36 points, while market capitalisation improved from N88.453 trillion to N88.813 trillion. Analysts described the performance as ...
Money market
Leading financial institution, Fidelity Bank Plc, has extended its flagship Corporate Social Responsibility (CSR) programme, the Fidelity Food Bank Initiative, to Anambra State, providing essential food supplies to more than 2,000 vulnerable residents in Awka. The two-day outreach, held at St. Patrick’s Cathedral (Catholic Diocese of Awka) and Emmaus House (Anglican Diocese of Awka), targeted ...
Energy
The Nigerian Ports Authority (NPA) has issued warning letters to four terminal operators at the Apapa Port Complex over environmental pollution within the facility. The disclosure was made on Tuesday in Lagos by the Port’s Complex Manager, Mr. Debo Lawal, who described port management as both challenging and rewarding, requiring constant operational, environmental, and security ...
Money market
The Central Bank of Nigeria (CBN) has announced that the 302nd meeting of its Monetary Policy Committee (MPC) will be held on September 22 and 23, 2025, at its headquarters in Abuja. According to a notice published on the Bank’s website, the meeting will open at 10:00 a.m. on Monday, September 22, and continue on ...
Energy
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to attract $60 billion in fresh investments over the next five to seven years to scale up gas infrastructure and reinforce the country’s position in the global energy market. Group Chief Executive Officer of NNPCL, Mr. Bayo Ojulari, disclosed this while addressing delegates from over ...
Energy
The Nigerian National Petroleum Company Limited (NNPCL) has unveiled plans to attract $60 billion in fresh investments over the next five to seven years to scale up gas infrastructure and reinforce the country’s position in the global energy market. Group Chief Executive Officer of NNPCL, Mr. Bayo Ojulari, disclosed this while addressing delegates from over ...
Maritime and Blue Economy
SIFAX Group has disclosed that it supported about 3,500 vulnerable Nigerians through a series of corporate social responsibility (CSR) programmes executed between July and August 2025. The interventions, carried out through its Ajoke Ayisat Afolabi Foundation (AAAF) in partnership with other organisations, targeted widows, children, persons with disabilities, and voluntary returnees from abroad. In July ...
Maritime and Blue Economy
...Begins reviewed ETO operations at Apapa Port The Nigerian Ports Authority (NPA) has issued warning letters to four terminal operators at the Apapa Port Complex for violating environmental standards and contributing to pollution within the facility. The disclosure was made on Tuesday in Lagos by the Port Complex Manager, Mr. Debo Lawal, who described port ...
Maritime and Blue Economy
...Oyebamiji reiterates commitment to Safer Waterways The National Inland Waterways Authority (NIWA) has unveiled a new set of measures designed to further strengthen safety and enforcement across Nigeria’s inland waterways, following growing concern over recent boat accidents. At a press briefing in Abuja, NIWA’s Managing Director, Mr. Bola Oyebamiji, reiterated the Authority’s determination to safeguard ...
