The Nigerian equity market started the week on a strong note, recording a significant gain of N52 billion as investor confidence remained high. The All-Share Index (ASI) of the Nigerian
Savannah Energy, a leading independent energy company, has officially completed the acquisition of Sinopec International Petroleum Exploration and Production Corporation (SIPEC), further expanding its footprint in Africa’s oil and gas
The Federal Government has unveiled plans to recapitalize the Bank of Agriculture (BOA) with N1.5 trillion, aiming to boost agricultural financing and wealth creation. The initiative is designed to support
A new report from the Nigerian Communications Commission (NCC) has revealed that over 8,000 telecom subscribers switched networks in January 2025, taking advantage of mobile number portability (MNP) services. The
Nigeria’s electricity distribution companies (Discos) have warned of possible legal action against the military over alleged vandalization of infrastructure belonging to Ikeja Electric Distribution Company (IKEDC). According to reports, armed
The Nigerian government has intensified efforts to attract foreign companies willing to engage Nigerian youths in remote job opportunities, positioning the country as a global outsourcing hub. As part of
The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Refinery have commenced discussions on a potential agreement that would see crude oil transactions conducted in Naira rather than U.S.
Telecommunications giant MTN has entered into strategic partnerships with leading automobile manufacturers to promote local content development within Nigeria’s automotive industry. This initiative aims to bolster indigenous production capabilities, stimulate
The Kebbi State Government has announced plans to establish a multi-million-dollar cement factory with an annual production capacity of three million tons. The project is expected to enhance industrial growth,
The National Bureau of Statistics (NBS) has reported a significant rise in Nigeria’s import activities during the fourth quarter of 2024, reflecting changes in trade patterns and the country’s economic
