By Seun Ibiyemi The Nigerian equities market closed on a bullish note on Wednesday, with investors gaining N390 billion following renewed buying interest driven by strong corporate earnings and positive global signals. Market performance was buoyed by the release of full-year 2025 financial results by listed companies, as well as Nigeria’s reclassification by FTSE Russell…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has attributed the recent rise in Nigeria’s crude oil production to strengthened pipeline security and coordinated stakeholder collaboration. Speaking at the Parliamentary Roundtable on the State of Pipeline Security held at the National Assembly in Abuja on Wednesday, the Group Chief Executive Officer of…
By Seun Ibiyemi The West African Health Organisation (WAHO) is participating in a high-level technical experts’ meeting in Banjul, The Gambia, as part of preparations for the upcoming Forum of First Ladies of SWEDD+ Countries on Zero Tolerance of Gender-Based Violence. The meeting, held on April 8, 2026, brings together experts from SWEDD+ member states,…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has unveiled plans to recapitalise and restructure development finance institutions (DFIs) in a bid to address the widening financing gap facing micro, small and medium enterprises (MSMEs) in the country. The Deputy Governor for Economic Policy at the CBN, Muhammad Sani Abdullahi, disclosed this during a…
By Seun Ibiyemi Dangote Petroleum Refinery & Petrochemicals has announced that its price for Premium Motor Spirit (PMS), commonly known as petrol, remains unchanged despite growing concerns over potential volatility in Nigeria’s downstream oil market. A source within the company confirmed that the refinery’s pricing structure is still intact, with the gantry price maintained at…
By Seun Ibiyemi Africa’s manufacturing sector remains under significant pressure heading into the second quarter of 2026, as rising energy costs and foreign exchange (FX) volatility continue to constrain growth, according to the latest PAMA Industry Pulse report. The report, which captures sentiment across the continent, identified energy and power reliability as the most critical…
By Seun Ibiyemi Power Generation Companies (GenCos) have hailed the N501 billion raised through a bond issuance in January as a strong signal of growing investor confidence in the Federal Government’s Presidential Power Sector Financial Reforms Programme (PPSFRP). Speaking on Tuesday in Lagos, Managing Director of First Independent Power Ltd., Mr. Seyi Sobogun emphasized that…
By Seun Ibiyemi Nigeria’s pension assets surged to N29.43 trillion in February, marking a month-on-month increase of N1.39 trillion, the highest monthly expansion since the introduction of the Contributory Pension Scheme (CPS) over 20 years ago. The previous record of N1.18 trillion was posted in January 2024, according to data from the National Pension Commission…
By Seun Ibiyemi Zenith Bank Plc has released its audited financial results for the full year ended December 31, 2025, reporting solid earnings growth and a significant increase in shareholder returns despite a slight dip in profit before tax. The bank posted gross earnings of N4.19 trillion, representing a six per cent year-on-year increase from…
By Seun Ibiyemi The World Bank has called on the Federal Government to adopt prudent fiscal measures by saving oil windfalls, scrapping inefficient subsidy regimes, and strengthening competition in the fuel market to support sustainable economic growth. This recommendation was made by the World Bank Country Director for Nigeria, Matthew Verghis, during the presentation of…
