By Adeyemi David The Nigerian equities market rebounded on Wednesday, adding N684 billion to investors’ portfolios as renewed buying interest in key stocks lifted overall performance. Market capitalisation rose from N121.552 trillion at the start of trading to N122.236 trillion at the close, while the Nigerian Exchange Limited All-Share Index advanced by 0.56 percent, or…
The Nigeria Deposit Insurance Corporation (NDIC) has intensified its financial literacy campaign in secondary schools across Cross River State, emphasizing the importance of cultivating a savings culture among young Nigerians. Speaking in Calabar on Wednesday, the Principal Manager of the Communications and Public Affairs Department at NDIC, Bokepere Adeghe, said instilling the habit of saving…
Former Minister of Transportation and chieftain of the African Democratic Congress (ADC), Hon. Chibuike Rotimi Amaechi, on Tuesday announced his intention to contest the 2027 presidential election under the ADC banner. Speaking on his confidence to secure the party’s ticket, Hon. Amaechi said, “If I lose, I will remain in ADC. But I believe I…
Nigeria’s major telecommunications operators have dismissed assertions by some National Assembly members that the country lacks the infrastructure for real-time electronic transmission of election results ahead of the 2027 general elections. Speaking under the umbrella of the Association of Licensed Telecom Operators of Nigeria (ALTON), leading operators including MTN Nigeria, Airtel Nigeria, Globacom, and T2…
By Adeyemi David The Chairman of the Dangote Group, Aliko Dangote has projected that the naira could strengthen to N1,100 per dollar in 2026, citing the effects of ongoing economic reforms and import substitution policies. Dangote made the remarks on Tuesday during the launch of the National Industrial Policy 2025 by the federal government. He…
By Adeyemi David Oando Plc has notified its shareholders of an application submitted to the Nigerian Exchange Limited (NGX) on Friday, February 13, 2026, seeking approval to list a Rights Issue of 4,415,867,342 ordinary shares of 50 Kobo each at N50 per share. The Proposed Rights Issue will be offered on the basis of one…
President Bola Tinubu on Tuesday unveiled Nigeria’s Industrial Policy 2025, directing relevant Ministries, Departments and Agencies (MDAs) to ensure its speedy implementation as part of efforts to strengthen the country’s economic foundation. The policy was inaugurated on the president’s behalf by Vice-President Kashim Shettima at the Bola Ahmed Tinubu International Conference Centre in Abuja. Tinubu…
Guinness Nigeria has reported a revenue of N730.8 billion for the eighteen-month period ended December 31, 2025, representing a 144 per cent increase from the N299.5 billion recorded in the twelve months ended June 2024. The company disclosed this in its audited financial results released on Tuesday, marking its first full reporting cycle after shifting…
The Nigerian Content Development and Monitoring Board (NCDMB) has reminded operators, contractors, and service companies in the upstream oil and gas sector of their statutory obligation to remit one percent (1%) Nigerian Content Development Fund (NCDF) levy into accounts officially designated by the Board. In a statement issued at the Nigerian Content Tower in Yenagoa,…
Expanding fair access to foreign exchange and trade finance could unlock Nigeria’s export potential and strengthen regional commerce, a Central Bank of Nigeria (CBN) official has said. Assistant Director of Imports and Trade Relations at the CBN’s Trade and Exchange Department, Mr Tiku Allu made the remarks at the 2026 Ecobank Nigeria customer forum on Tuesday…
