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Skyway Aviation Handling Company (SAHCO) Plc has reaffirmed its commitment to operational excellence, ethical practices, innovation and sustainable growth as it reviewed its achievements in 2025 and outlined strategic priorities for 2026 and beyond. In a New Year message issued on behalf of its Chairman, Board of Directors and Executive Management, the company expressed appreciation ...
Capital Market
Fidelity Bank Plc has successfully raised N259 billion from a Private Placement of Ordinary Shares, significantly strengthening its capital base as it moves to meet new regulatory requirements. In a statement issued by the Bank, the Private Placement, which opened and closed on December 31, 2025, followed approvals from the Central Bank of Nigeria (CBN) ...
Energy
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that electricity distribution companies (DisCos) installed 228,614 meters in the third quarter of 2025, representing a 0.73 percent increase from the 226,959 meters recorded in the second quarter. According to the commission’s third-quarter report posted on its website on Tuesday, 176,302 meters or 77.12 percent of the ...
Capital Market
Ecobank Nigeria Ltd. has completed the early repayment of more than 80 per cent of its 300 million dollar eurobond ahead of its February 2026 maturity, reinforcing its liability management strategy. The Bank said in a statement on Tuesday that it successfully concluded a tender offer, through which it prepaid about 245 million dollars of ...
Maritime and Blue Economy
The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a rigorous enforcement exercise tagged “Operation Zero Tolerance for Non-Compliance,” aimed at enforcing full adherence to maritime laws within Nigerian waters. The Agency has, however, approved a 30-day grace period, effective January 5, 2026, for operators to self-audit and regularise their documents before sanctions are ...
Capital Market
As investors position their portfolios for the 2026 financial year, the Fast-Moving Consumer Goods (FMCG) sector has emerged as a critical focal point for those seeking exposure to resilient consumer demand and recovering macroeconomic fundamentals. Driven by improving sales volumes, robust brand portfolios, and a stabilising foreign exchange environment, select FMCG stocks are poised to ...
Money market
Nigeria’s banking sector is expected to record stronger loan growth and more resilient earnings in 2026, driven by recent recapitalisation efforts and a gradually stabilising macroeconomic environment, according to analysts at Cordros Capital. In its 2026 outlook report, the investment firm noted that banks have significantly expanded their capital bases, with system-wide recapitalisation reaching N2.11 ...
Business
The Federal Airports Authority of Nigeria (FAAN) has reported a total of 4.33 million international passenger movements across the country’s major airports from January to December 2024, representing a 6.48 per cent increase from the 4.07 million recorded in 2023. The figures were disclosed in FAAN’s Harmonised Passenger Movement report on Tuesday in Lagos, covering ...
News
A Coalition of Maritime Journalists has announced plans to pay a courtesy visit to the immediate past Managing Director of the National Inland Waterways Authority (NIWA) and All Progressives Congress (APC) governorship candidate in Osun State, Mr. Bola Oyebamiji, by the third week of January 2026. The Coalition said the visit is intended to formally ...
News
The Niger State Commissioner for Women Affairs, Hajiya Hadiza Idris Kuta, has endorsed the planned visit and award presentation to the immediate past Managing Director of the National Inland Waterways Authority (NIWA) and Osun State APC governorship candidate, Mr. Bola Oyebamiji, by the Coalition of Maritime Journalists. Kuta described the proposed honour as well-deserved and ...
Money market
Wema Bank Plc has announced the commencement of a Closed Period in line with Rules 17.17–17.18 of the Nigerian Exchange Limited (NGX) Rulebook (as amended). The statement was signed by the Company Secretary and General Counsel, Mr. Johnson Lebile. According to a statement by the Bank, the Closed Period became effective from January 1, 2026, ...
Capital Market
....as stock market opens year with N561bn gain Investors traded a total of 7.821 billion shares valued at N134.471 billion in 150,799 deals on the Nigerian Exchange Ltd. (NGX) during the past week, representing a sharp increase in market activity. The performance marked a significant rise from the previous week, when 2.876 billion shares worth ...
Business
The Centre for the Promotion of Private Enterprise (CPPE) has described Nigeria’s ongoing tax reform as one of the most ambitious fiscal restructuring efforts in recent decades but warned that its success will depend largely on careful, pragmatic implementation rather than legislative design alone. In a statement issued yesterday by its Chief Executive Officer, Dr. ...
Business
...as CBN pledges refined inflation-targeting framework The Central Bank of Nigeria (CBN) has signaled a tougher regulatory stance for the financial technology sector in 2026, warning that it will enforce strict measures to curb irresponsible practices and poor governance among fintech operators. Setting the tone for the new fiscal year, the CBN Governor declared that ...
News
Lafarge Africa Plc has reported an impressive financial scorecard for the nine months ended September 2025, characterized by robust revenue growth, a triple-digit rebound in profitability, and a significantly fortified balance sheet. The cement manufacturer’s results reflect a successful convergence of higher sales volumes, strategic pricing, and disciplined cost management, positioning the company for sustained ...
Money market
The Nigerian Naira began the 2026 trading year on a bullish note, appreciating by N4.90 against the United States dollar at the official foreign exchange market, a development that coincides with renewed calls from industry leaders for sustained fiscal discipline and strategic economic planning. Data from the official market indicated that the Naira strengthened on ...
Money market
Nigeria’s newly enacted tax law did not emerge in isolation, it is the product of years of fiscal strain, weak revenue performance, and growing pressure on government finances. As Africa’s largest economy struggles to fund basic services amid declining oil revenues and rising public debt, the new legislation represents a decisive attempt by the Federal ...
News
The Lagos State Waterways Authority (LASWA) and the National Inland Waterways Authority (NIWA) have confirmed the death of six passengers in a tragic boat accident along the Nigerdock axis of the Igbologun water channel. The incident involving a Savvy Marine passenger vessel occurred at approximately 8:35 p.m. on Tuesday, December 30, 2025. The boat was ...
Environment
The Lagos State Waterways Authority (LASWA) and the National Inland Waterways Authority (NIWA) have confirmed a tragic boat accident involving a Savvy Marine passenger vessel along the Nigerdock axis of the Igbologun water channel. The incident occurred at about 8:35 p.m. on Tuesday, December 30, 2025, while the boat was en route from Ilashe Beach ...
Maritime and Blue Economy
Nigeria’s Blue and Economic Ministry, under the leadership of Minister Oyetola, has positioned 2025 as a landmark year for maritime development, fisheries growth, and international influence. The year has been defined by innovative domestic policies, record investments in coastal industries, and Nigeria’s historic election to the International Maritime Organization (IMO) Council, signaling the country’s rising ...
