Seplat’s Profit Jumps 430%, Declares Special Dividend
Seplat Energy grew half-year profit by more than 430% to N225.5 billion as stronger oil prices and lower operating costs boosted earnings.
The...
Nigeria Pushes for West African Fuel Price Benchmark as Refining Capacity Expands
NMDPRA launches fresh push for a transparent West African fuel price benchmark, arguing that Africa must end its dependence on petroleum price references...
Seplat Seals $281.6m Deal to Transfer 10% JV Stake to NNPC
Seplat signs binding agreement to sell a 10% working interest in the NNPCL/SEPNU joint venture to NNPC Limited for approximately $281.6 million.
NNPC's...
Otedola Spends Another ₦222.2bn On First HoldCo, Raises Stake To 25.87 Percent
Femi Otedola has invested another ₦222.2 billion in First HoldCo, increasing his ownership to 25.87 percent and strengthening his position as the company's...
July 31 Deadline: Defaulting Taxpayers Face ₦200,000 Fine Per Invoice
Large taxpayers with annual turnover above ₦5bn have until July 31 to comply with the Nigerian Revenue Service's e-invoicing requirement or face statutory...
CBN Cuts One-Year T-bill Yield As ₦3.38trn Bids Swamp ₦500bn Offer
 Investors submitted ₦3.38 trillion in bids for the one-year Treasury Bill against a ₦500 billion offer, highlighting sustained appetite for long-term government securities...
Nigerian Stock Market Slumps as Broad Sell-Off Wipes ₦648bn off Market Cap
The NGX reversed Tuesday’s gains as widespread profit-taking erased about ₦648 billion from investors’ wealth, with losers almost doubling gainers.
Insurance stocks remained...
Meet 7 Companies Powering Nigeria’s Stock Market Rally In 2026
MTN Nigeria, First HoldCo, Dangote Cement, GTCO, Airtel Africa, BUA Foods and Aradel Holdings have emerged as the biggest drivers of the NGX's...
CBN Reports First Decline In Consumer Credit In Six Years, Outstanding Falls To ₦3.8trn
Nigeria’s consumer credit fell 19.89 percent to ₦3.78 trillion in 2025, marking the first annual decline since December 2019 as high interest rates...
CBN: Nigeria’s FX Inflows Rise To $109.9bn As Autonomous Sources Fuel Growth
Nigeria’s total foreign exchange inflows climbed to $109.86 billion in 2025, driven largely by stronger autonomous sources, while net FX inflows rose to...