Crude oil generated about 74% of the Nigerian National Petroleum Company Limited’s (NNPC Ltd.) N34.52 trillion revenue in 2025, reinforcing its position as the state-owned […]
Category: Economy
NNPC’s forward-sale obligations rise 33% to N8.25 trillion in 2025
The Nigerian National Petroleum Company Limited’s (NNPC) forward-sale obligations rose to N8.25 trillion in 2025, tying future oil and gas deliveries to money already collected […]
Dangote Refinery IPO: Why diaspora Nigerians are still struggling to invest – Zinnc CEO
Dangote Refinery’s N2.15 trillion offering, Africa’s largest ever, has attracted heavy retail demand, straining some digital investment platforms. But with the offer due to close […]
STN enters Nigeria’s mobile market, takes on MTN, Airtel, others with UASL licence
Swift Telephone Network Limited (STN), a Nigerian telecommunications company, has secured a Unified Access Service Licence (UASL) from the Nigerian Communications Commission (NCC), to roll […]
FGN bond allotments rise 106% to N7.15 trillion in nine months
The Federal Government allotted N7.15 trillion in FGN bonds between January and September 2026, representing a 106% increase from the N3.48 trillion allotted during the […]
Top 10 Nigerian universities in Times Higher Education 2027 rankings
The number of Nigerian universities featured in the Times Higher Education (THE) World University Rankings has risen from 24 to 29, according to the latest […]
Stanbic IBTC pension, asset management drive non-banking earnings in H1 2026
Stanbic IBTC Holdings Plc’s pension and asset management businesses remained the key drivers of earnings from its non-banking subsidiaries in the first half of 2026, […]
Lagos receives 20 CNG buses as FG targets lower transport fares
The Presidential Initiative on CNG and Electric Vehicles (Pi-CNG & EV) has delivered 20 high-capacity Compressed Natural Gas (CNG) buses to the Lagos Metropolitan Area […]
GTCO, Zenith Bank, others cool off stock market bullish run
Profit-taking and selling pressure continue to exert downward influence on the Nigerian Exchange (NGX), resulting in widespread sell-offs across major banking equities. Broad declines across […]
UAC Nigeria exits Livestock Feeds in N19.5 billion deal with Sunbeth
UAC of Nigeria Plc has agreed to sell its 73.29% shareholding in Livestock Feeds Plc to Sunbeth Treenuts and Sesame Limited in an all-cash transaction […]