Business

Court orders stay of execution on appointment of administrator in AMNI Petroleum’s case

Isa Isawade

2 months ago

"In the result, the Judgment Debtor/Applicant’s AMNI INTERNATIONAL PETROLEUM DEVELOPMENT COMPANY application for stay of execution pending appeal dated and…

Lagos, CWEIC unveil ‘Invest Summit 3.0’ to boost Global Investment Visibility

Kazeem Ugbodaga

2 months ago

Sanwo-Olu stated that previous editions strengthened global engagement with capital providers and catalysed conversations around bankable projects.

Transcorp Group posts record FY 2025 results; PBT hits N179.5bn

Michael Adesina

2 months ago

Transnational Corporation Plc, listed on the Nigerian Exchange as TRANSCORP, has announced audited full year 2025 results showing record financial…

Seplat Energy posts 144% revenue growth, hits $2.73bn in 2025

Paul Dada

2 months ago

Gas production was also projected to increase by 30 per cent, driven by contributions from the ANOH Gas Plant, improved…

NUPR sets deadline for Licensing Round applications

Paul Dada

2 months ago

The NUPRC, in a statement signed by its management, said the notice was in accordance with Section 11.2 of the…

NECA, CPPE, stockbrokers welcome CBN’s MPR cut, urge broader reforms

Ayorinde Oluokun

2 months ago

They said the decision of the Monetary Policy Committee, announced by the CBN Governor, Olayemi Cardoso, reflected improving macroeconomic fundamentals…

Harmony Gardens breaks $1bn barrier with Lekki expansion drive

Michael Adesina

2 months ago

Harmony Garden & Estate Development Limited has expanded its development activities across Ibeju-Lekki, pushing the projected long-term value of its…

NGX bleeds N1.14trn as investors react to MPC decision

Ayorinde Oluokun

2 months ago

The action of the MPC triggered massive selloffs in stocks such as Daar Communications, Tantalizers, BUA Foods, Ellah Lakes, Japaul…

Cardoso: 20 Banks meet requirements for recapitalisation

Ayorinde Oluokun

2 months ago

The CBN had in 2024 announced a major bank recapitalisation programme requiring Nigerian banks to raise higher capital bases within…

Survey shows Nigeria’s tax ID portal Is user-friendly, efficient

Femi Fabunmi

2 months ago

Government officials added that the unified database will prevent confusion from multiple tax numbers across states and improve revenue administration.…

Forex Alert: CBN buys $190M to slow Naira’s rapid rise

Femi Fabunmi

2 months ago

Analysts also said higher oil prices, increasing foreign reserves, and ongoing economic reforms are helping to keep the naira stable…

CBN cuts Interest Rate again to 26.5%

Kazeem Ugbodaga

2 months ago

Other key parameters were left unchanged, with the Cash Reserve Ratio retained at 45 per cent for commercial banks and…

AMNI clarifies context following related court rulings

Isa Isawade

2 months ago

"The Company wishes to emphasise that these proceedings do not relate to insolvency or inability to meet obligations.

APC hails by-election wins as referendum on Tinubu’s leadership

Paul Dada

2 months ago

He said the outcome of the polls also showed that political influence on social media does not necessarily translate into…

NIMASA, NAF commit to improved partnership

Ayorinde Oluokun

2 months ago

Dr. Mobereola further emphasized that international trade depends on security, which is why vessels prefer to go to or transit…

Dangote’s new plan that could turn Nigerians into oil investors

Oluwapelumi Oluwayemi

2 months ago

Dangote made the disclosure on Saturday while addressing journalists during a tour of the facility by the Group Chief Executive…

FG’s revenue reform wins praise from petroleum retailers

Paul Dada

2 months ago

The Executive Order directs that all oil and gas revenues due to the Federation, including royalty oil, tax oil, profit…

NGX soars 6.95% as investors gain N8.1trn in one week

Paul Dada

2 months ago

On the other hand, the top five losers for the week were: RT Briscoe, Mecure Industries, Tripple Gee, Sovereign Trust…

MTN boss Karl Toriola seals strategic Pact in Brazzaville

Kazeem Ugbodaga

2 months ago

The high-level engagement signals MTN’s intention to align closely with Congo’s development priorities, positioning telecommunications as a key driver of…

Africa must lead, not linger, in Fourth Digital Revolution – MTN CIO

Kazeem Ugbodaga

2 months ago

Using MTN Nigeria as a case study, Shodunke explained that the company has evolved beyond traditional connectivity services into cloud…

Understanding 1xBalance: A Smarter Way to Evaluate Your Betting Style

Michael Adesina

2 months ago

In the fast-paced world of sports betting, many players focus primarily on odds, predictions, and potential winnings. However, one critical…

PENGASSAN: Tinubu’s executive order could weaken NNPCL, discourage investors

Ayorinde Oluokun

2 months ago

Osifo stressed that any executive action must align with the Petroleum Industry Act to avoid negative investor signals.

Jumia unveils aggressive retail strategy to transform online shopping

Kazeem Ugbodaga

2 months ago

Recent performance indicators underscore that ambition. Jumia recorded strong year-on-year growth in Gross Merchandise Value (GMV) and order volumes, reflecting…

Dangote declares Naira could hit ₦1,100 to Dollar before 2026 ends

Kazeem Ugbodaga

2 months ago

He emphasized that Nigeria's heavy reliance on imports creates a challenging dynamic: a stronger naira could lower costs across the…

Keystone Bank donates delivery kits to pregnant women in Jigawa

Michael Adesina

2 months ago

As part of its continued commitment to social impact and community wellbeing, Keystone Bank Limited recently donated delivery kits to…

Nigerian govt to review IHS Towers, MTN Group $6.2bn acquisition deal

Ayorinde Oluokun

2 months ago

Tijani said the review is to ensure that consumers are protected, safeguard investments and the long-term sustainability of the sector.

Guinness Nigeria roars back with ₦41.2bn Profit as Revenue jumps to ₦730.8bn

Kazeem Ugbodaga

2 months ago

Gross profit climbed by 152 per cent to ₦230.5 billion, driven by improved productivity and tighter cost controls, while operating…

Nigeria’s Chianugo Peter $150m suit against Google, GoDaddy.com stalled

Ayorinde Oluokun

2 months ago

He sought a declaration that GoDaddy.com was wrong to shut down the YouTubeAudio.com domain name on Dec. 7, 2022 and…

Tinubu launches Nigeria Industrial Policy 2025, demands speedy implementation

Ayorinde Oluokun

2 months ago

On his part, business mogul and Chairman of Dangote Group of Companies, Alhaji Aliko Dangote, thanked the federal government for…

Stock Market soars past ₦122trn as Investors gain ₦5.1trn

Kazeem Ugbodaga

2 months ago

Trading activity also strengthened significantly. A total of 1.1 billion shares valued at ₦64 billion were exchanged in 64,821 deals,…

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