Conglomerates Rally 500% in Three Years on NGX
The Nigerian conglomerate sector has seen a remarkable 511% increase in market capitalization from 2023 to 2026, driven by policy reforms and renewed investor confidence.
Category : Business
Travel Expert Calls for NANTA's Stronger Digital Footprint
Dr Oludayo Gideon, a travel expert, has urged NANTA members to enhance their digital presence to shape industry perception and boost visibility in the evolving global travel landscape.
Zinox Backs Local Makers Amid Smartphone Shipment Drop
Global smartphone shipments dropped 6% in Q1 2026 due to AI-driven memory chip shortages and Middle East instability. Zinox Technologies urges Nigeria to boost local manufacturing to reduce import reliance and protect the economy.
Nigeria Becomes Net Gasoline Exporter, Dangote Drives Shift
Nigeria has become a net exporter of gasoline for the first time in March, driven by increased output from the Dangote Refinery. Aliko Dangote also plans a pan-African IPO for the refinery, potentially reshaping African capital markets.
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Nigeria Pushes for Lower Borrowing Costs at IMF, World Bank Meetings
Finance Minister Wale Edun advocates for reduced borrowing costs and fairer global financial conditions for Nigeria at the 2026 IMF and World Bank Spring Meetings in Washington DC.
Naira Strength, Inflation, Oil Surge Dominate Markets
The naira ranks as Africa's second-best currency against the dollar, despite falling reserves. Inflation may ease, influencing CBN rate decisions, while oil prices surge due to geopolitical tensions in the Middle East.
Middle East Crisis Worsens Global Labor Inequality, ILO Says
The International Labour Organisation warns that the Middle East crisis threatens jobs and incomes worldwide, risking increased informality, child labor, and economic strain for vulnerable workers and small businesses.
Experts Fault World Bank's Fuel Import Advice for Nigeria
Energy experts have strongly criticized the World Bank's recommendation for Nigeria to increase fuel imports, warning it could undermine local refining investments and violate the Petroleum Industry Act.
Indigo Wins SABRE Award in South Africa for Women Campaign
Integrated Indigo Limited, a top marketing communications firm, has won the 2026 SABRE Award in South Africa for its Women on Wheels campaign with Lafarge Africa Plc, promoting gender inclusivity in manufacturing.
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Africa's Economic Crisis Deepens from Iran War Fallout
The Iran war's global shockwaves are hitting Africa hardest, causing fuel shortages, soaring food prices, and crippling debt. Former VP Osinbajo warns of systemic failure.
Transparency, Not Taxation, Key to Nigeria's Fiscal Reform
A public policy analyst argues Nigeria's fiscal woes stem from governance and transparency deficits, not low revenue, urging reforms before tax hikes to build trust and efficiency.
Fitch: Nigeria's Reserves May Fall to $47 Billion in 2026
Fitch Ratings forecasts Nigeria's foreign exchange reserves declining to $47 billion by late 2026 due to spending pressures and external risks, despite current stability and coverage.
WOHAN Calls for Gender Inclusion in Out-of-Home Industry
Women in Out-of-Home Advertising Network urges dismantling stereotypes, highlighting women's leadership and impact in Nigeria's advertising sector during International Women's Day event.
US War Adds $4.4B to Africa's Debt, Sparks Financial Crisis
The conflict in Iran has increased Africa's annual debt burden by $4.4 billion through rising capital costs, threatening economic reforms and forcing countries to seek financial diversification strategies.
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NGX Capitalisation Rises N443bn Amid Stock Gains
The Nigerian Exchange Limited saw a positive trading session with market capitalisation increasing by N443 billion, driven by gains in 31 stocks including Guinness Nigeria and Nigerian Breweries.
TUC, World Bank Push for Local Refinery Backing and Vulnerable Aid
The Trade Union Congress and World Bank urge the Federal Government to support local refineries and provide targeted aid to vulnerable citizens amid rising fuel prices and global supply tensions.
CORBON Urges Preventive Building Maintenance to Avert Collapse
The Council of Registered Builders of Nigeria (CORBON) has issued a national advisory urging building owners and developers to implement preventive maintenance measures ahead of the 2026 rainy season to prevent structural failures and flooding risks.
CVA Unveils Voting Platform for Consumer Value Assessment
BrandXchange launches the 5th Consumers Value Awards with a voting platform and scorecard to evaluate brands and public services based on real consumer value, moving beyond satisfaction.
Adelabu, Yahaya, Omoboriowo Honored at 2026 ENERGY TIMES Awards
Federal Minister of Power Adebayo Adelabu, Gombe State Governor Mohammed Inuwa Yahaya, and Akinwole Omoboriowo II are among the dignitaries set to be honored at the 2026 ENERGY TIMES Awards in Lagos, recognizing contributions to Nigeria's energy sector.
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Cormart Nigeria Adopts Gas Power to Reduce Emissions
Cormart Nigeria Limited has transitioned to gas as its main power source, deploying 5MW of gas engines to lower emissions and mitigate diesel costs and grid instability, reflecting a broader trend in Nigerian manufacturing.
FMN Hosts Minister at Sunti Estate for Sugar Production Push
Flour Mills of Nigeria hosted Minister John Owan Enoh at the Sunti Golden Sugar Estate, highlighting efforts under the National Sugar Master Plan to reduce imports and enhance local cultivation and processing.
Man Tours Grandfather's Abandoned Hotel, May Sell for N2 Billion
A Nigerian TikToker has shared a video of his grandfather's massive unfinished hotel in Warri, abandoned for 30 years. The family is considering renovation or selling the property for over N2 billion, sparking online debate about its future.
Ikeja Electric Warns Against Staff Extortion, Official Payment Methods
Ikeja Electricity Distribution Company advises customers to avoid giving money to staff to prevent extortion, urging payments only through official accounts. The company also emphasizes safety and reporting of electricity hazards.
South-West States Launch N8.66 Trillion Fiscal Plans
South-West states in Nigeria have announced ambitious 2026 budgets totaling N8.66 trillion, focusing on infrastructure and economic expansion to improve citizens' welfare amid macroeconomic challenges.
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Sunu Assurances Plc Raises N9.34 Billion via Rights Issue
Sunu Assurances Plc has secured internal approvals for a N9.34 billion capital raise through a rights issue, aiming to strengthen its financial base and expand in Nigeria's competitive insurance market.
Training Programme Launched for Nigeria's Fibre Optic Project
The Digital Bridge Institute and International Telecommunication Union have initiated a capacity-building programme to support Nigeria's ambitious 90,000-kilometre fibre optic infrastructure expansion across all 774 local government areas.
DBI, ITU Train for Nigeria's 90,000km Fibre Optic Rollout
The Digital Bridge Institute and ITU have begun a five-day capacity-building programme in Abuja to equip telecom regulators and industry players with skills for Nigeria's massive fibre optic expansion, aiming to support digital inclusion and economic grow
Dr. Thelma Ekuge Oki: Transformative CEO in Fashion and Community
Dr. Thelma Ekuge Oki, CEO of Thelma Oki Signature, is recognized among Nigeria's top strategic leaders for 2025. With over two decades of experience, she blends fashion, entrepreneurship, and community service through multiple ventures, emphasizing discip
Jerry Eze Foundation Shortlists for $525,000 Business Grant
The Jerry Eze Foundation has shortlisted candidates for its $525,000 entrepreneurship grant program targeting 100 young Nigerian business owners. KPMG has been appointed to ensure transparent management of the selection and disbursement process.
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Femi Odewunmi: Strategic CEO Shaping Nigeria's Advisory Sector
Femi Odewunmi, Group CEO of CI Group, redefines strategic advisory in Nigeria through integrated systems thinking, guiding high-stakes corporate and policy decisions across major sectors like energy and finance.
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