Business

The domestic equity market on Wednesday returned to positive growth, appreciating by N378 billion as bulls dominated the trading activities during the day. Market capitalization of listed equities increased by 0.49 per cent to N76.179 trillion from N75.801 trillion reported on Tuesday. The NGX All Share Index also appreciated by…

In a heart warming display of corporate social responsibility and solidarity, a consortium of Nigerian Bank CEOs, has pledged significant support to alleviate the suffering of flood victims in Niger State The Executive Governor of Niger State, Governor Mohammed Umaru Bago on Saturday in Abuja received relief materials from the…

Trading on the floor of Nigerian Exchange (NGX) on Wednesday closed Northward, appreciating by N1.185 trillion as bulls continued to dominate the market.   Market Capitalization of listed equities increased by 1.57 per cent to N76.761 trillion from N75.576 trillion reported on Tuesday.   The NGX All Share Index also…

The Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has declared that the administration of President Bola Ahmed Tinubu will invest more in the country’s rail transport sector within the next two years than all past Nigerian governments combined.   Opeifa made the statement at the 11th…

Global foreign direct investment (FDI) fell by 11%, marking the second consecutive year of decline and confirming a deepening slowdown in productive capital flows, according to the World Investment Report 2025, released today by UN Trade and Development (UNCTAD) on 19 June. Although global FDI rose by 4% in 2024…

The Nigerian Electricity Regulatory Commission (NERC) has issued a new directive requiring all grid-connected Power Generation Companies (GenCos) to fully integrate their operations with the National Supervisory Control and Data Acquisition (SCADA) system by Dec. 31.The News Agency of Nigeria (NAN) reports that (SCADA)/Energy Management System (EMS) serves as the…

Fidelity Bank Plc has reaffirmed its financial resilience in light of the Central Bank of Nigeria’s (CBN) recent regulatory forbearance measures concerning Single Obligor Limits (SOL) and other credit facilities. In a statement issued on the Nigerian Exchange (NGX) Disclosures Portal, the bank assured stakeholders of its compliance with the…

FirstHoldCo Plc has reaffirmed its commitment to regulatory compliance, pledging to resolve all outstanding issues related to the Central Bank of Nigeria’s (CBN) prudential requirements, including breaches of the Single Obligor Limit (SOL) and forbearance on credit facilities.   The financial holding company also assured shareholders of its intention to…

Nigeria’s officially launched the National Tax Transition Steering Committee (NTTSC), a major institutional lever for driving national tax reforms in line with ECOWAS Directive C/DIR.5/07/23. This directive aims to establish a regional mechanism for monitoring and evaluating the ECOWAS Fiscal Transition Programme (FTP). The ceremony, presided over by Mrs Lydia…

Nigeria imported crude oil worth N1.19 trillion in the first quarter of 2025, making it the country’s third most imported commodity during the period, according to the National Bureau of Statistics (NBS). This revelation comes despite Nigeria being Africa’s largest oil producer—an irony that exposes deep-rooted inefficiencies in the country’s…