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Geregu Power Approves ₦9 Dividend, Declares ₦22.5bn Payout for 2025 Financial Year

Lagos, Nigeria Geregu Power Plc has approved a final dividend of ₦9 per ordinary share, translating to a total payout of ₦22.5 billion to shareholders for the 2025 financial year, following strong operational performance and a significant change in its ownership structure. The dividend approval was disclosed in a filing with the Nigerian Exchange (NGX), […]

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What ₦100 Trillion Means: Understanding Nigeria’s Capital Market Breakthrough

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Lagos Nigeria’s capital market reached a historic milestone at the close of 2025 as the Nigerian Exchange (NGX) recorded a market capitalization above ₦100 trillion for the first time, underscoring a significant shift in investor sentiment and capital formation within Africa’s largest economy. President Bola Tinubu welcomed the development, describing it as a landmark achievement

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Nigeria’s Gas Giant Axxela Passes to BlueCore After Massive Value Creation

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Lagos — Helios Investment Partners and Japanese trading firm Sojitz have completed the sale of their equity stake in Axxela to BlueCore Investment Group, marking the latest chapter in the evolution of one of Nigeria’s most prominent indigenous gas infrastructure companies. This was disclosed by Wale Tinubu, the Group Chief Executive of OANDO The transaction

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AA Rano, Petrosoft Roll Out Nigeria’s First Smart Unmanned Fuel Stations

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Lagos — AA Rano Nigeria, a leading downstream petroleum marketing company, has unveiled what it describes as the country’s first fully automated and unmanned fuel stations, marking a significant step in the digital transformation of Nigeria’s fuel retail sector. The initiative is being implemented through a strategic partnership with Nigerian technology firm Petrosoft Limited, a

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NIGERIA’S 10 MOST CRITICAL COMMODITIES: WHAT BUSINESSES AND POLICYMAKERS NEED TO KNOW IN 2026

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ABUJA, Nigeria — January 8, 2026 Nigeria’s economy relies heavily on a select set of strategic commodities that shape foreign exchange earnings, domestic production, and inflation. From energy resources to key agricultural staples, these commodities influence business planning and government policy. Understanding their trends is essential for investors, companies, and policymakers navigating 2026. Top 10

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NAIRA STRENGTHENS TO ₦1,418/$ — WHAT IT MEANS FOR NIGERIANS AND HOW TO PROTECT YOUR MONEY

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Nigeria’s naira strengthened to ₦1,418.26 per US dollar at the official foreign exchange market on Wednesday, January 7, 2026, reaching its strongest level in over a year under the current system. This development follows a steady climb since the end of 2025, when the naira closed at ₦1,430.84/$ on December 31. Data from the Central

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Samsung Unveils Galaxy Z Trifold, a Three-Fold Smartphone, at CES 2026

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Las Vegas, NV — Samsung is pushing the boundaries of smartphone design with its new Galaxy Z Trifold, revealed Sunday at the CES tech conference in Las Vegas. The device folds in two places—almost like a brochure—allowing an iPad-sized screen to fit into a pocket. The Trifold follows Samsung’s strategy of experimenting with foldable displays,

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U.S. Population Growth Set to Slow, Potential Decline by Mid-Century, CBO Reports

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The United States is on track for a sustained slowdown in population growth, with projections indicating that the nation’s population could begin to shrink after 2056, according to a new report by the Congressional Budget Office (CBO). The analysis cites declining birth rates, an aging population, and moderating immigration as key factors behind the projected

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Markets Mixed as Geopolitics, Policy Signals, and AI Optimism Pull in Opposite Directions

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Global equity markets traded unevenly on Wednesday as investors balanced rising geopolitical tensions and policy uncertainty against sustained enthusiasm for artificial intelligence and select corporate developments. In the United States, stock indexes diverged. The Dow Jones Industrial Average edged lower after opening the year with a three-day winning streak, reflecting cautious sentiment around policy risks

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NIGERIAN HOUSEHOLDS CUT REAL SPENDING BY N14 TRILLION IN 2024 AMID SOARING INFLATION

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Household consumption in Nigeria contracted sharply in 2024, with spending at constant prices declining by N14.29 trillion from the previous year, according to the latest statistical bulletin from the Central Bank of Nigeria (CBN). The drop reflects the combined impact of high inflation and rising costs of essential goods and services. The CBN data showed

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