The Chairman of Dangote Petroleum Refinery and Petrochemicals, Aliko Dangote, has reacted to a Kenyan court order stopping construction activities at the proposed $17 billion […]
Category: Economy
Eunisell posts N1.84 billion revenue, profit rises 31% in FY 2026
Eunisell Interlinked Plc has released its financial statements for the year ended June 30, 2026, growing revenue to N1.84 billion. This represents a 30.24% increase […]
NNPC profit rises 33% to N7.2 trillion in 2025 despite revenue decline
NNPC Limited’s profit after tax rose 33% to N7.2 trillion in 2025 from N5.4 trillion in 2024, despite a 24% decline in revenue to N34.5 […]
NNPC profit rises 33% to N7.2 trillion in 2025 despite revenue decline
NNPC Limited’s profit after tax rose 33% to N7.2 trillion in 2025 from N5.4 trillion in 2024, despite a 24% decline in revenue to N34.5 […]
CBN sells N4.69 trillion OMO bills, more than double N2.43 trillion maturing same day
The Central Bank of Nigeria (CBN) sold approximately N4.686 trillion in Open Market Operations (OMO) bills at its September 29, 2026 auction, nearly double the […]
DisCos lose N201.9 billion in Q2 2026 as billing efficiency falls to 78.67%
Nigeria’s electricity distribution companies (DisCos) recorded N201.90 billion in billing losses in the second quarter of 2026 as their combined billing efficiency fell to 78.67%. […]
NNPC says no fixed date yet for proposed IPO
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it does not have a fixed date for its proposed Initial Public Offering (IPO), noting […]
NICE opens applications for innovation clinics across six Nigerian clusters
The Nigeria Innovation Cluster Exchange (NICE) has opened applications for its Pipeline Clinics, a sector-focused programme aimed at helping Nigerian businesses and entrepreneurs strengthen their […]
Nigerian equities lose N469 billion as banking stocks drag market lower
Nigerian equity market capitalization shed N468.63 billion to close at N163.530 trillion on Tuesday, September 29, 2026, as trading activity on the Nigerian Exchange (NGX) […]
Fenchurch begins rebuild of 26 MW Akute plant to power Lagos waterworks
Fenchurch Group has commenced the rebuild of the 26 MW Akute Independent Power Plant to provide dedicated electricity to major waterworks in Lagos State. According […]