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 […]
Category: Economy
Interbank FX turnover jumps 123% as naira strengthens to N1,329.50/$
Interbank foreign exchange turnover jumped 123% to $179.58 million on September 30, 2026, as the naira strengthened to N1,329.50/$ at the Nigerian Foreign Exchange Market […]
Kenyan government to buy stake in $16 billion Dangote Lamu oil refinery – Ruto
The Kenyan government has announced plans to invest in the proposed KSh2.2 trillion ($16 billion) Lamu oil refinery through the National Infrastructure Fund. Kenyan President […]
Tony Elumelu expands Seplat stake to 21.07%, now worth $1.5 billion
Nigerian billionaire Tony Elumelu has acquired an additional 6 million shares in Seplat Energy Plc through Heirs Energies Limited, taking the combined stake held by […]
How NNPC avoided a loss in 2025 amid revenue decline
NNPC, the country’s national oil company, has released its 2025 annual report for the year ended December 2025, reporting an 18.3% increase in pre-tax profit […]
ICPC seeks no-fly order on Adeniyi over alleged PFIPC fraud
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has urged the Federal High Court in Abuja to direct the Comptroller-General of the Nigeria […]
ICPC seeks no-fly order on Adeniyi over alleged PFIPC fraud
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has urged the Federal High Court in Abuja to direct the Comptroller-General of the Nigeria […]
NNPC’s sundry income hits N7.1 trillion, equivalent to 99% of annual profit
The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded N7.10 trillion in sundry income in 2025, an amount equivalent to about 99% of the N7.18 […]
African airlines expand cargo capacity by 14% as demand surges in August
African airlines expanded their air cargo capacity by 14% year-on-year in August 2026, significantly outpacing the 3% growth in cargo demand across the region. This […]
NGX market cap drops to N163.10 trillion as banking, insurance stocks drag market lower
Equity trading activity on the Nigerian Exchange Limited (NGX) closed in the red on Wednesday, September 30, 2026, with the All-Share Index (ASI) contracting by […]