President Bola Tinubu traveled to Kigali, Rwanda, to present Nigeria’s investment case to African and global business leaders at the Africa CEO Forum 2026, the Presidency has said. Special Adviser on Media and Public Communications, Sunday Dare, said on Wednesday that the forum would serve as one of the...
BUSINESS
Naira stopped its fall against the US dollar on Wednesday and gained some ground at the official market. Data from the Central Bank of Nigeria showed the naira closed at *N1,370.56 per dollar*. That is stronger than Tuesday’s rate of *N1,375.62 per dollar*, meaning the naira gained *N5.06*. However,...
Selective bargain hunting across key sectors of the Nigerian Exchange (NGX) boosted market performance on Tuesday 12 May, 2026, even as investors continued to book profits in selected counters. The Nigerian Exchange All-Share Index (NGXASI) advanced by 0.77 per cent to close at 252,411.67 basis points, extending its rally...
Transnational Corporation Plc also known as Transcorp Group declared a total dividend payout of ₦20.32 billion to shareholders for the 2025 financial year, representing ₦2.00 per share, as the Africa’s foremost conglomerate sustained strong growth across its core businesses in power, hospitality and energy. The dividend declaration was commended...
Nigerian equities market sustained its bullish momentum on Monday as investors gained N3.162 trillion, pushing the market capitalisation above N160 trillion for the first time. According to data from NGX as reported by NAN, Market capitalisation rose by 2.01 per cent to close at N160.256 trillion, compared with N157.094...
Non-Executive Director of First Bank of Nigeria Limited, Anil Dua, has acquired 2.56 million ordinary shares of the company valued at about N177.9 million on the Nigerian Exchange Limited (NGX). The acquisition was disclosed in a regulatory filing signed by the Group Company Secretary, Abiola Baruwa, and dated May...
The Niger Delta Development Commission (NDDC), has trained 500 young men and women in financial prudence and distributed 150 minibuses and 200 tricycles to another set in Cross River State as part of its empowerment programme. Speaking during the Skills Acquisition and Capacity Enhancement Programme in Calabar, Cross...
BY NGOBUA JOHNNIE – Abuja – Senior Deputy Directors in the Bureau of Public Enterprise (BPE), have decried unjust career stagnation and unfair promotion of staff in the Bureau. In a recent petition signed by the Concerned Senior Directors of BPE and addressed to the Vice President, Senator Kashim...
Nigeria Revenue Service (NRS) has declared that tax offices nationwide will now operate on Saturdays as well, in preparation for the launch of the Rev360 Phase I Tax Administration System. In a public notice dated May 7 and signed by the Executive Chairman of NRS, Dr. Zacch Adedeji, the...
Nigerian Exchange (NGX) closed higher on Wednesday as performances from major stocks including Airtel Africa and Dangote Sugar, boosted the market capitalization by N628.5 billion.According to data from the NGX Daily Official List, the market capitalization rose to N155.78 trillion from N155.15 trillion recorded on Tuesday. The All-Share Index...
A terminated sale of a 40 per cent stake in the Amukpe–Escravos Pipeline has drawn renewed attention to Nigeria’s asset disposal processes after fresh independent valuations showed a significant gap between earlier pricing and current estimates. Reports said that assessments conducted in 2025 placed the stake at between $544...
The Nigerian Education Loan Fund (NELFUND), has congratulated Jim Ovia on his retirement as Founder and Group Chairman of Zenith Bank Plc, describing the moment as the close of an extraordinary chapter in Nigeria’s financial services sector. NELFUND, in a statement signed by its Managing Director/Chief Executive Officer, Akintunde...
Nigerian National Petroleum Company (NNPC) Limited has posted improved operational and financial performance in its Monthly Report Summary for March 2026, highlighting steady growth in oil and gas output alongside a sharp increase in profit. According to the report released on Monday, crude oil and condensate production climbed to...
The viral claim that ₦210 trillion vanished from NNPCL between 2017 and 2023 doesn’t pass the market-woman test, a youth accountability group says. Now they’re asking the Senate to prove it — or pull it. In a statement Friday, signed by Mr Johnson Momodu for the Fiscal Accountability Committee...
Air Peace has addressed reports circulating online about alleged passenger neglect on its London Gatwick–Lagos flight, insisting that the situation has been misrepresented and reaffirming its commitment to safety and passenger care. In a statement released on Friday, the airline said the disruption on its May 1, 2026 service...
The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi, has held a diplomatic engagement with the Embassy of the United Arab Emirates (UAE) in Abuja, where both parties reaffirmed their commitments to strengthening trade relations and customs cooperation between Nigeria and the UAE. During the engagement, the UAE Ambassador to...
The NNPC Gas Infrastructure Company (NGIC), a wholly owned subsidiary of NNPC Limited, has successfully completed the River Niger Crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) Gas Pipeline, marking a major milestone in the expansion of Nigeria’s national gas transmission network. The successful crossing unlocks the full potential of the...
United Arab Emirates (UAE) has revealed plans to withdraw from OPEC and OPEC+, citing a shift toward prioritising its national economic and energy interests. The decision, confirmed in an official statement on Tuesday, is set to take effect on Friday and comes at a time of heightened geopolitical tension...