Business

How power sector debt threatens FG’s N1.23trn bond plan

The Federal Government’s plan to settle electricity sector debts through a N1.23 trillion Power Sector Bond is under pressure as…

2 months ago

Traders shun bank transfers amid uncertainty over new tax law

Some traders and business owners have begun rejecting bank transfers in favour of cash payments following the implementation of the…

2 months ago

Nigeria’s crude oil imports from US jump 167% to 42.1m barrels in 2025

Nigeria significantly increased its crude oil imports from the United States in 2025, purchasing 42.13 million barrels in the first…

2 months ago

Lagos reopens Ikorodu Ferry Terminal after water hyacinth clearance

The Lagos State Government has reopened the Ikorodu Ferry Terminal after nearly three months of closure, following the successful removal…

2 months ago

Geregu Power board proposes N9 dividend for shareholders

Geregu Power Plc has announced plans to pay a dividend of N9 per ordinary share, following the approval of its…

2 months ago

Stock market rebounds as investors gain N30bn

The Nigerian stock market rebounded on Friday, January 16, 2026, after a day of downturn session as N30 billion was…

2 months ago

Naira closes week at N1,417/$

The naira closed the week stronger on Friday, January 16, 2026, appreciating against the United States dollar at the official…

2 months ago

Stanbic, GTCO, First HoldCo, United Capital to raise N549bn after SEC rule

Nigeria’s leading financial groups, including Stanbic IBTC, GTCO, First HoldCo and United Capital, may be required to raise a combined…

2 months ago

Equities market declines as profit-taking wipes off ₦457bn

The Nigerian equities market on Thursday reversed gains recorded in the previous session, as investors lost about ₦457 billion following…

2 months ago

Dangote Cement presents N15bn gifts, cash to appreciate distributors, customers

Dangote Cement Plc has celebrated its top distributors and customers with N15 billion worth of rewards for their continued loyalty,…

2 months ago

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