Moody’s Ratings has changed Nigeria’s sovereign credit outlook from stable to positive, while affirming the country’s long-term foreign- and local-currency issuer ratings at B3. The rating...
Cutix Plc returned to profitability in the first quarter of its 2027 financial year, as revenue increased by five percent to N3.70 billion, according to the...
Nigeria recorded $11.16 million in outstanding electricity payments from Togo, Benin and Niger in 2025, despite the three countries being billed a combined $73.91 million for...
The Transmission Company of Nigeria (TCN) has added more than 8,500 megavolt-amperes (MVA) of transformation capacity to Nigeria’s electricity transmission network as part of a broader...
PZ Cussons Nigeria Plc has proposed a final dividend of N9.93 billion, representing N2.50 per ordinary share, for the financial year ended May 31, 2026. The...
Juli Plc recorded a 45.5% decline in revenue to ₦146.86 million in the first half of 2026, from ₦269.25 million reported in the corresponding period of...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set the first quarter of 2027 as the new target for completing its proposed headquarters in Abuja, saying...
Global index provider FTSE Russell is set to proceed with Nigeria’s reclassification from “Unclassified” to “Frontier Market” status, potentially ending months of uncertainty over the country’s...
Nigeria’s 11 electricity distribution companies (DisCos) left ₦669.49 billion in unpaid electricity bills in 2025, despite billing customers a total of ₦2.99 trillion during the year....
The Federal Government has set a target of increasing power supply to 6,500 megawatts (MW) by December 2026 and 8,000MW by the end of 2027. The...
Nigeria’s domestic petrol supply fell by 21% in July 2026 as imported fuel increased, signalling a renewed reliance on foreign supplies despite the country’s growing refining...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and contractors to the OML 118 Production Sharing Contract (PSC) have signed agreements to advance the Bonga Southwest/Aparo...
Nigeria’s oil production losses have dropped sharply from as high as 97% before President Bola Tinubu assumed office in 2023 to 2% as of June 2026,...
The United States Embassy in Nigeria has warned visa applicants against submitting fraudulent documents or providing information that could raise security concerns, noting that such cases...
Nigeria’s equities market gained 57 per cent in the first seven months of 2026, driven largely by domestic capital rather than a resurgence in foreign portfolio...
The Dangote Petroleum Refinery has expanded its free petroleum products delivery initiative to Kano, Imo, Anambra and Nasarawa states as part of efforts to reduce distribution...
Kenya’s proposed 10% holding is valued at about $500 million, while the combined regional stake could raise about $1.5 billion for the project. Aliko Dangote has...
