NNPC Group Chief Executive Officer Bayo Ojulari says Shell Plc has committed to invest $20 billion in Nigeria over the next few years. Ojulari made the disclosure on Thursday after a courtesy visit by Shell’s delegation to the State House in Abuja. He described the commitment as a significant boost for Nigeria’s energy sector and […]
Shell to Commit $20bn Investment in Nigeria, Says NNPC Chief Read More »
Nigeria’s financial markets closed mixed on Thursday with equities easing slightly, fixed income marginally higher, and Exchange-Traded Products (ETPs) delivering the strongest performance of the day. Equity capitalization declined by 0.52 percent to ₦105.88 trillion, despite the benchmark All-Share Index firming to 166,256.83 points. Fixed income instruments advanced by 0.09 percent to ₦51.63 trillion, while
Equities Mixed as Market Cap Slips, ETPs Outperform Read More »
U.S. President Donald Trump on Wednesday withdrew a threat to impose tariffs on several allied nations over their stance on Greenland, saying he had reached the outlines of a deal with NATO concerning the island’s future. Trump announced the reversal on social media, citing an “understanding” following discussions with NATO Secretary-General Mark Rutte. He did
Trump Drops Tariff Threat After Reaching Outline of Greenland Deal With NATO Read More »
Davos, Switzerland The Federal Government has signaled a strategic shift towards reduced borrowing and stronger domestic investment as it deepens fiscal reforms aimed at stabilizing Nigeria’s economy and strengthening long-term sustainability. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Tuesday while speaking with Bloomberg Television on the sidelines
Edun: Nigeria Turning to Revenue Expansion, Less Borrowing for Growth Read More »
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),
Geregu Power Approves ₦9 Dividend, Declares ₦22.5bn Payout for 2025 Financial Year Read More »
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
What ₦100 Trillion Means: Understanding Nigeria’s Capital Market Breakthrough Read More »
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
Nigeria’s Gas Giant Axxela Passes to BlueCore After Massive Value Creation Read More »
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
AA Rano, Petrosoft Roll Out Nigeria’s First Smart Unmanned Fuel Stations Read More »
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
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
