FAAC Allocation The Federation Account Allocation Committee (FAAC) shared N2.55 trillion among the Federal Government, state governments and local government councils in June 2026, as Value...
President Bola Tinubu says the economic reforms introduced by his administration are beginning to work despite the challenges faced by many Nigerians, arguing that the policies...
The Federal Government has approved a special production-linked tax credit for Shell Plc’s Bonga Southwest Aparo deepwater oil project, a move expected to unlock about $20bn...
Guaranty Trust Bank (GTBank) has emerged as Nigeria’s best overall performing bank in The Banker’s Top 1000 World Banks Rankings 2026, cementing its position as one...
PalmPay has appointed Samuel Oluyemi as Chief Operating Officer (COO) for its Nigerian operations, bringing on board a payments industry veteran as the fintech company accelerates...
UAC of Nigeria Plc has appointed its Group Investment Director, Adebolanle Badejo, to the board of UPDC Plc as part of a restructuring aimed at strengthening...
The National Pension Commission (PenCom) has introduced new cybersecurity requirements for pension fund operators as part of efforts to protect contributors’ records, curb fraud and improve...
Nigeria oil production climbed to a six-year high in June 2026, exceeding the country’s Organisation of the Petroleum Exporting Countries (OPEC) quota for the fourth consecutive...
The Federal High Court in Abuja has affirmed the powers of the Federal Competition and Consumer Protection Commission (FCCPC) to investigate consumer complaints relating to airline...
Sterling Financial Holdings Company Plc has appointed former Nigeria Sovereign Investment Authority executive, Olubisi Makoju, and former Microsoft Nigeria Chief Technology Officer, Olayinka Oni, to the...
The Senate has endorsed the proposed $1 billion acquisition of Lafarge Africa Plc by Chinese investor Hainan Huaxin Pan-African Investment Company Plc, clearing a major hurdle...
Nigeria has been placed on the 2027 watchlist for a potential return to Frontier Market status by S&P Dow Jones Indices (S&P DJI), a move that...
Nigeria’s stock market extended its bullish run on Wednesday, with investors adding N3.45 trillion in value as buying interest in large-cap stocks pushed the benchmark index...
ExxonMobil and its partners have committed $1 billion to the Usan Infill Project offshore Nigeria, a move expected to increase the country’s crude oil production by...
Nigerian fintech company eTranzact International Plc has proposed a final dividend of 12.5 kobo per ordinary share of 50 kobo for the financial year ended December...
International Breweries Plc has proposed a share capital reduction aimed at eliminating its accumulated losses of N191.03 billion and restoring its ability to pay dividends to...
The Central Bank of Nigeria (CBN) has reaffirmed that the standard N100 banknote remains legal tender across the country, following reports that some individuals and businesses...
UTM Offshore has secured a 15-year gas supply agreement for its planned $3 billion Floating Liquefied Natural Gas (FLNG) project, marking a major milestone towards reaching...
MTN Ghana and Telecel Group are set to participate in Ghana’s forthcoming 5G licence auction following the government’s decision to terminate the exclusive rights previously granted...
Dangote Group has revealed plans to finance its proposed 700,000 barrels-per-day (bpd) oil refinery in Kenya through a combination of internally generated funds, bond issuances and...
