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By Damilare Adeleye The Centre for the Promotion of Private Enterprise (CPPE) has called for urgent and accelerated reforms in Nigeria’s electricity sector following what it described as a disturbing contraction in power supply performance captured in the country’s Q1 2026 Gross Domestic Product report. In a statement released on Thursday and signed by its ...
The Director General of the National Environmental Standards and Regulations Enforcement Agency, Professor Innocent Barikor, has inaugurated a Working Group for the Carbon Capture Utilization and Storage Technology and Innovation Platform. Speaking during a virtual inauguration ceremony, Professor Barikor highlighted that the platform, which was initially launched in April, is designed to align Nigeria's economic ...
The Nigerian equities market closed on a bearish note during the latest trading session, as heavy sell-offs in high-cap bellwether stocks dragged the benchmark performance index down by fifty-five basis points. Despite the daily contraction, the market maintained a resilient long-term posture, bringing the year-to-date return to a solid sixty point four nine percent. Investor ...
NewsDirect Global Concepts Ltd, publishers of Nigerian NewsDirect and owners of NewsDirect TV and NND Insights have announced the appointment of five distinguished professionals to its Board of Directors, effective May 8, 2026. The new Directors include: Pastor Laju Iren, Prince Aderemi Adekile (SAN), Dr Adekunle Aderemi, Mr Felix Eribo and Dr Bunmi Bajomo. Commenting ...
The Dangote Petroleum Refinery & Petrochemicals has been identified by S&P Global ratings as a major driver of Nigeria’s improving economic outlook, following the country’s sovereign credit rating upgrade In its latest assessment, S&P upgraded Nigeria’s long term foreign and local currency sovereign credit ratings to “B” from “B-”, citing stronger economic growth, improved external balances, rising ...
Africa's Global Bank, United Bank for Africa (UBA) Plc, has deepened its longstanding relationship with the academic community and reaffirmed its commitment to innovation, youth empowerment, and nation-building by commissioning the UBA Innovation Hub and Business Office at the University of Lagos (UNILAG). The landmark facility was commissioned by the Group Chairman, UBA, Tony Elumelu, ...
OPay, a leading fintech company in Nigeria, has officially opened applications for the 2026 edition of its flagship scholarship programme, now called OPay Scholars, continuing its ₦1.2 billion, 10-year commitment to support education across Nigeria. Applications for the Innovation Challenge will run from May 25 to June 14, 2026. Students in tertiary institutions across Nigeria ...
By Damilare Adeleye The Centre for the Promotion of Private Enterprise (CPPE) has kicked against claims alleging that the Dangote Refinery possesses monopolistic tendencies. The think tank argued that Nigeria should focus on strengthening its local refining capacity instead of adopting policies that encourage large-scale fuel importation. In a statement issued on Sunday and signed ...
By Damilare Adeleye Jaiz Bank Plc has announced plans to pay a final dividend of 11 kobo per 50 kobo ordinary share to its shareholders for the financial year ended December 31, 2025. This was disclosed in a corporate actions announcement dated May 21, 2026. The non-interest lender said the dividend, subject to shareholder approval ...
By Damilare Adeleye The shareholders of Nigerian brewing company, Champion Breweries Plc, have approved a dividend payout of 70 kobo per share for the 2025 financial year. This was part of the resolutions passed at the company’s 50th Annual General Meeting held in Lagos on Thursday, May 21, 2026. The company, in the resolutions presented ...
By Damilare Adeleye Shareholders of Berger Paints Nigeria Plc have approved a final dividend of N1.25 per share for the 2025 financial year and renewed the company’s mandate for recurring related-party transactions. These decisions were passed during the company’s 66th Annual General Meeting, which was held virtually on Thursday, May 21, 2026. A corporate filing ...
By Damilare Adeleye Shareholders of Wema Bank Plc have authorized the Bank’s directors to pursue the acquisition of a commercial bank or other business combinations as part of its expansion strategy. This came as they approved a dividend payout of N1.25 per share for the 2025 financial year. These decisions were part of the resolutions ...
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 ...
Wema Bank Plc has denied reports suggesting it has suspended its ongoing capital raising exercise, reassuring shareholders and the investing public that its N150 billion capital restructuring program remains on track and fully operational. In a regulatory disclosure filed with the Nigerian Exchange (NGX) on Tuesday, May 19, 2026, the bank cleared the air regarding ...
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 ...
