Nigeria Equities Lose N1.6 Trillion Amid Sell Pressure
Nigerian equities market capitalisation fell by N1.6 trillion as bluechip stocks faced sell pressure, with BUA Cement leading losses.
Category : Business
Seplat Targets $1 Billion Dividend Payout, Eyes 200k bpd
Seplat Energy plans $1 billion dividend payout over 4-5 years and targets 200,000 bpd production after acquiring Mobil assets.
Otedola invests $100m in Dangote Refinery
Femi Otedola commits $100 million to Dangote Refinery IPO, selling Geregu Power stake, as investor demand surpasses $2 billion ahead of listing.
Wema Bank shareholders approve N1.25 dividend for 2025
Wema Bank shareholders approved N1.25 dividend per share after 2025 earnings surged 125%. Gross earnings hit N660.59 billion, up 52.79%.
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Mutual Benefits Pays N5.5bn Claims to Boost Trust
Mutual Benefits Assurance paid over N5.5 billion in claims in April 2026, as stakeholders urge faster, transparent settlements to rebuild consumer confidence in Nigeria's insurance sector.
Nigeria, China Deepen Transport Collaboration for Urban Traffic
Nigeria and China strengthen partnership to address urban traffic congestion through smart solutions, improved transport systems, and technology-driven infrastructure.
AfCFTA: Africa’s Most Powerful Lever for Trade and Investment
Minister Jumoke Oduwole reaffirms AfCFTA as Africa's key trade lever, urging implementation beyond declarations to overcome border barriers and boost intra-African commerce.
FG Approves Five Deep Seaports for Investment
The Federal Government has approved five deep-seaport projects to reclaim over 70% of Nigerian-bound cargo traffic. NPA MD Abubakar Dantsoho listed the ports at a PMAWCA meeting.
FG backs telecom policy review for $1tr economy target
The Federal Government supports telecom policy review to achieve $1 trillion economy, with focus on infrastructure protection and measurable results.
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Dangote Cement Empowers Six Benue Host Communities
Dangote Cement Plc flagged off multi-million-naira empowerment programs for farmers, women, and youths in six host communities in Gboko LGA, Benue State, benefiting 232 individuals.
Aliko Dangote Centre: Skills Hub Abandoned with Lights On
The Aliko Dangote Ultra-Modern Skills Acquisition Centre in Kano operates at 15% capacity with unpaid staff for nine months, highlighting governance failures in Nigeria's PPP model.
Aviation reforms boost Nigeria's global competitiveness
Minister Festus Keyamo says aviation reforms position Nigeria as a reliable destination for aircraft financing, citing improved compliance and investor confidence.
Unknown Pasts of New NMDPRA Boss Rabiu Umar
An in-depth look at Rabiu Umar's career, from Unipetrol to Dangote, and his new role as NMDPRA CEO under President Tinubu's Renewed Hope Agenda.
Foundation Launches 11 Farmers Hubs in Bauchi to Boost Agriculture
FSSS establishes 11 Farmers Hubs in Bauchi North to enhance agricultural productivity, tackle poverty, and promote climate-resilient farming with Heineken Africa Foundation support.
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NGO Launches School Block, Digital Hub in Lagos Riverine Areas
The Destiny Trust inaugurates new classrooms and digital learning space in Ibeju-Lekki riverine communities, aiming to improve access to education for out-of-school children.
Opeifa: The Rail Reformer Driving Nigeria's Transport Renaissance
Dr. Kayode Opeifa, at 61, is transforming Nigeria's railway sector as NRC MD. His career spans academia, Lagos transport reforms, and national rail modernization.
LASG Recovers N450m for Consumers, Prosecutes Erring Firms
Lagos State recovers over N450 million for consumers through LASCOPA, prosecutes 48 non-compliant businesses, and intensifies market surveillance to protect residents from unfair trade practices.
Sterling assets cross N4tn as profit surges 89%
Sterling Financial Holdings reports record earnings, with profit before tax up 89.2% to N86.8bn in 2025, and total assets crossing N4 trillion in Q1 2026.
Nigeria's Stalled Oil Reserves and Illusion of Abundance
Nigeria's oil reserves have stalled, with only 59 years left, while gas may last 85 years. The country faces a critical need for diversification and investment.
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FG to Implement Trust Scheme for Oil Communities
The Federal Government announced the Host Community Development Trust (HCDT) under PIA to foster development, peace, and stability in oil-producing communities. A stakeholders' workshop in Port Harcourt detailed the framework and digital portal.
Customs New Clearance System to Reduce Airport Delays
Nigeria Customs Service introduces a new clearance system to ease airport delays, enhance digital processing, and improve trade facilitation at airports.
CIBN Inaugurates New Governing Council Members in Lagos
Taiwo Joda of Accion Microfinance Bank inaugurated as CIBN governing council member, highlighting microfinance inclusion and systemic risk.
Ukoh, Akinwunmi to Co-Chair 2026 CMO Circle
Iquo Ukoh and Lolu Akinwunmi have been named co-chairs of the 2026 CMO Circle, a platform for marketing leaders to discuss growth and policy.
PalmPay Empowers 2,000+ Women in Kano, Kaduna
PalmPay's financial inclusion initiative empowers over 2,000 women in Kano and Kaduna through digital banking, POS terminals, and financial literacy workshops.
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Bolt CEO: HR Team Created Problems That Didn't Exist
Bolt CEO Ryan Breslow defends firing the entire HR team, claiming they created problems that didn't exist. The fintech firm cut 30% of staff, replacing HR with a smaller people operations team.
Revolutionplus Clears Air on Orchid Project Delay
Revolutionplus Property Company addresses delays on Flourish Apartments and Terraces in Lekki, citing inflation and forex issues. MD Dr. Bamidele Onalaja assures completion within months.
Nigeria's Digital Exclusion: A National Emergency
Nigeria faces a digital exclusion crisis despite existing infrastructure. Systemic failures, cultural resistance, and lack of accountability perpetuate disconnection from opportunities.
Tatum Bank Board Seeks Lagos Partnership with Sanwo-Olu
Tatum Bank's board and management visited Lagos Governor Babajide Sanwo-Olu to forge a strategic partnership for economic growth and financial inclusion.
Faloye: Enforce Chapter II to Fight Poverty in Nigeria
Prince Justice Faloye calls for a national war on poverty by enforcing Chapter II of Nigeria's 1999 Constitution, criticizing past governments for neglecting its socio-economic directives.
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Dangote Refinery IPO Targets Retail Investors, 10% US Capacity
Aliko Dangote announces the Dangote Petroleum Refinery IPO will focus on retail investors, with the facility representing 10% of US refining capacity and aiming for Africa's highest turnover.
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