Latest in
The Nigerian Communications Commission (NCC) on Wednesday has commenced a two-day Stakeholders’ Policy Review Workshop at the Marriott Hotel in Ikeja, Lagos, to deliberate on the comprehensive review of the National Telecommunications Policy (NTP) 2000. The workshop provides a strategic platform for industry players, policymakers, and regulators to evaluate the journey of the sector so ...
By Rukayat Moisemhe Mrs Ngozi Oyewole, Continental President of the Commonwealth Business Women Africa (CBWA), has urged women entrepreneurs to embrace discipline, consistency and structure as essential pillars for sustainable success and leadership. Oyewole made the call on Tuesday during a hybrid training session organised by the association. She said many women-led businesses focused excessively ...
…urge FG to cancel fresh PMS import licences Members of the Jetties and Petroleum Tank Farm Owners of Nigeria (JETFON) have disassociated themselves from any proposed suit to be filed by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) against the Dangote Petroleum Refinery. In a communique made available to Journalists through the ...
...raises alarm on insufficient data on fuel stock The International Energy Forum (IEF) has called for stronger producer-consumer cooperation to restore market stability amid ongoing supply shocks and heightened geopolitical tensions in the Middle East. Operating as a neutral platform for producer-consumer dialogue, the organization stressed that navigating the current volatile risk environment requires urgent cooperation and ...
The Debt Management Office (DMO) auctioned ₦600 billion in reopened Federal Government bonds on Monday, May 18, 2026, offering elevated yields as high as 22.60 percent. On behalf of the Federal Government of Nigeria, the agency rolled out two previously issued financial instruments carrying coupon rates of 22.60 percent and 16.2499 percent, with settlement scheduled ...
The Nigerian equities market closed on a marginally negative note on Monday, as the benchmark index dipped by a slight 1 basis point, moderate enough to keep the year-to-date return robust at 60.85 percent. Market activity presented a mixed bag for investors. Trading volume advanced by 2.36 percent to reach 798.7 million shares, indicating sustained ...
Governor of Bayelsa State, Senator Douye Diri has explained why the State's gas-powered electricity project commissioned by President Bola Ahmed Tinubu is yet to service the nite state. Speaking as a special guest at the “Feast Day Cultural Fiesta” of the St. Mathias Catholic, Amarata, Yenagoa, Diri stated that the power turbines, commissioned by President Bola Tinubu on ...
By Damilare Adeleye Sterling Financial Holdings Company Plc has announced plans to seek shareholders’ approval for a major share capital restructuring and a fresh capital raise of up to $400 million at its 3rd Annual General Meeting, scheduled for June 9, 2026. A notice of the AGM signed by the Company Secretary, Sunny Kanabe, disclosed ...
The Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), Oliver Alawuba, has been honoured by the Institute of Chartered Accountants of Nigeria (ICAN) at its 2026 Annual Dinner and Awards Night. He was recognized alongside the Governor of Niger State, Umar Mohammed Bago; the Accountant-General of the Federation, Dr. Shamseldeen ...
Heirs Holdings Chairman, Mr Tony Elumelu has declared that the African economy requires Truro partnership for it to grow not handouts. At the 2026 Africa Forward Summit, convened by Kenyan President H.E. William Ruto and French President H.E. Emmanuel Macron, Elumelu delivered the message to a room of heads of state, investors, and global business ...
The Centre for the Promotion of Private Enterprise (CPPE) has warned Central Bank of Nigeria’s Monetary Policy Committee (MPC) ahead of its 305th meeting, cautioning against any further tightening of monetary policy. CPPE Chief Executive Officer, Dr. Muda Yusuf, stated that additional interest rate hikes could severely damage Nigeria's fragile economic growth, stifle private sector ...
S&P Global Ratings has raised Nigeria’s sovereign credit rating, marking the first such upgrade by the agency in 14 years. The move signals growing international confidence in the sweeping economic reforms implemented under the current administration. The ratings agency adjusted Nigeria’s outlook from stable to positive, citing a series of bold fiscal and monetary policy ...
OPay, a leading fintech company in Nigeria, has donated educational materials to over 1,000 students, including 40 students with disabilities, in Osun State through its Play4aChild Initiative, in collaboration with Do Good Charity Back-To-School project, reaffirming its commitment to education, youth development, and community empowerment. The outreach saw students across Osogbo Grammar School, Oloofa Grammar ...
President Bola Tinubu, Managing Director of International Finance Corporation, Mr. Makhtar Diop, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele and Managing Director of Bank of Industry, Supo Olusi, on the sidelines of the Africa CEO summit in Kigali, Rwanda
The Nigerian equities market retreated into negative territory at the close of trading, as the benchmark All-Share Index (ASI) declined by 10 basis points. Despite this marginal contraction, the market maintains a robust long-term trajectory, with the year-to-date (YTD) return standing firmly at 62.10%.Market liquidity saw a significant cooling period during the session. Trading volume ...
By Taiye Olayemi Two subsidiaries of Heirs Insurance Group have been listed in the 2026 Financial Times ranking of Africa’s Fastest-Growing Companies. The group disclosed this in a statement on Thursday in Lagos. The group also said that the recognition was due to its expanding presence in Africa’s insurance industry. According to the statement, Heirs ...
The Green Finance Investment Facility (GFiF), a blended finance platform to mobilise large-scale private and institutional investment into distributed renewable energy infrastructure across Nigeria, has been officially launched. The facility, led by Barton Heyman Limited in partnership with the Rural Electrification Agency (REA), UK PACT, First City Monument Bank (FCMB), and ARMHIIL, aims to raise ...
By Damilare Adeleye Dangote Cement Plc has disclosed plans to explore a potential secondary listing on the London Stock Exchange (LSE) as part of a strategy to broaden its access to international capital and deepen its pan-African footprint. In a notice filed with the Nigerian Exchange Limited (NGX) and dated May 12, 2026, the cement ...
By Damilare Adeleye French President Emmanuel Macron has launched the Africa House in Nairobi, Kenya. This is as the Chairman of BUA Group, Abdul Samad Rabiu pledged the support of Africa's private sector leaders for the project. Speaking at the Africa Forward Summit, the Nigerian billionaire industrialist described the project as a vital platform for collaboration, dialogue, ...
Acting Managing Director of 11Plc, formerly Mobil Oil Nigeria Plc, Mr. Osagie Ogedegbe has pledged to increase the company’s market share and increase value for Shareholders. The Acting MD made this known when he made his maiden public appearance during the company’s 48th Annual General Meeting at the Abuja Continental Hotel. Mr. Ogedegbe, a seasoned executive with ...
The Nigerian equities market maintained its upward trajectory as the benchmark index advanced by 0.41%, pushing the year-to-date return to an impressive 55.98%. This bullish momentum was underscored by a robust market breadth, with forty-seven gainers comfortably outpacing twenty-two decliners, while fifty-eight stocks remained unchanged. Such widespread gains suggest a resilient underlying sentiment that persists ...
The Nigerian financial sector witnessed a dramatic surge in system liquidity, which expanded sharply to ₦6.62 trillion from a previous position of ₦1.18 trillion. Despite this massive influx of capital, the money market experienced a slight tightening as the Overnight rate edged upward by 4 basis points to settle at 22.17%. In contrast to this ...
First HoldCo Plc has announced its audited financial results for the year ended December 31, 2025, reporting a 6.9% increase in gross earnings to ₦3.4 trillion. The results reflect a year defined by robust core interest income growth balanced against a decisive reset of the Group’s balance sheet to manage systemic impaired exposures. The Group’s ...
