The Nigerian Electricity Regulatory Commission has dissolved the board of Kaduna Electricity Distribution Plc over N456.5bn in cumulative market obligations, citing prolonged financial defaults, inadequate investment...
UPDC Real Estate Investment Trust’s rental income rose 88 per cent to N1.58bn in the first half of 2026, strengthening the earnings story behind a 109.42...
Nigeria’s tax revenue has more than doubled in less than three years, rising 113 per cent from N12.3tn in 2023 to N27.1tn as of July 2026,...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has defended the performance of its management under Group Chief Executive Officer (GCEO), Bayo Ojulari, saying crude oil...
First HoldCo Plc has disclosed that a company linked to its Chairman, Olufemi Otedola, acquired 138.04 million ordinary shares worth about N18.1 billion in the financial...
President Bola Tinubu has said his administration’s economic reforms are helping to stabilise Nigeria’s economy after the Nigerian Exchange (NGX) Group disclosed that the market capitalisation...
Nigeria is projecting up to $50 billion in offshore oil and gas investments by 2030 as it seeks to sustain the recovery in its upstream sector...
Nigeria’s economy may be entering a new phase of credit expansion as banks increase lending, businesses step up borrowing and loan defaults decline, signalling that years...
Beta Glass Plc has appointed Boye Olusanya as chairman of its board of directors, marking a leadership transition at the leading glass packaging manufacturer. The appointment...
The Federal Government has announced that the deployment of 3,700 telecommunications towers targeted at rural and underserved communities across Nigeria will commence in October 2026, in...
Oando Plc has unveiled plans to raise up to $1.5 billion through a multi-instrument issuance programme as the indigenous energy company seeks to ease a ₦2.16...
Nigeria’s electricity metering rate climbed marginally to 59.69 percent in April 2026, but the pace of meter deployment slowed, signalling that distribution companies may struggle to...
The Bank of Industry (BOI) is betting on growing investor appetite for high-quality domestic debt instruments as it prepares to raise up to ₦250 billion through...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) posted a profit after tax of ₦535 billion in June 2026, even as operational disruptions, facility integrity issues...
NASCON Allied Industries Plc returned N16.21 billion to shareholders in the first half of 2026 as the salt and seasoning producer posted a 25.7 percent increase...
The federal government has directed ministries, departments and agencies (MDAs) not to award capital projects without first obtaining the required budgetary approvals and funding authorisation, as...
Nigeria’s FX market started August on a stronger footing, with the naira appreciating against the United States dollar despite a slowdown in trading activity at the...
The National Insurance Commission (NAICOM) has concluded the insurance industry’s 12-month recapitalisation exercise, with 43 insurance and reinsurance companies meeting the new minimum capital requirements introduced...
Ellah Lakes Plc has reduced its total liabilities by 93.6 per cent after converting N7.08 billion in directors’ loans into equity, and significantly reducing its leverage...
Guinea Insurance Plc has met the National Insurance Commission’s (NAICOM) N15 billion minimum capital requirement for non-life insurers after raising approximately N12.6 billion through a hybrid...
