Business

NNPC, NUPRC boost federation account with N322bn remittance

The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission remitted more than N322 billion and $116.9…

2 months ago

Dangote targets $50bn refinery valuation before stock listing

Aliko Dangote is targeting a $50bn valuation for his Dangote Petroleum Refinery and Petrochemicals ahead of a planned stock market…

2 months ago

Stock market capitalisation rises above N160trn as investors gain N3.1trn

The Nigerian stock market extended its rally on Monday, May 11, 2026, lifting market capitalisation above N160 trillion as investors…

2 months ago

Vehicle imports rise 67% as Nigerian ports record strong Q1 growth

The number of vehicles imported through Nigerian ports rose significantly in the first quarter of 2026, increasing by 67 per…

2 months ago

CBN seeks tighter state borrowing controls to curb inflation

The Central Bank of Nigeria has urged state governments to reduce dependence on overdrafts and short-term borrowing, warning that unchecked…

2 months ago

US spends $578m on Nigerian crude imports in Q1 2026

The United States imported crude oil worth $578.78m from Nigeria in the first quarter of 2026, representing a decline from…

2 months ago

Weekly review: CAP, Dangote Sugar top gainers’ chart as NGX market capitalisation hits N157trn

The Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalisation appreciated by 0.71 per cent to close the week at…

2 months ago

Stock market reverses bearish run as investors gain N3.2trn

The Nigerian stock market reversed its bearish trend on Friday, May 8, 2026, closing the week on a positive note…

2 months ago

First HoldCo posts N321bn profit as gross earnings rise to N942bn in Q1 2026

First HoldCo Plc has reported a strong financial performance for the first quarter ended March 31, 2026, with profit before…

2 months ago

First HoldCo gross earnings rise to N3.4trn as shareholders’ funds hit N3.3trn

First HoldCo Plc has announced that its gross earnings increased to N3.4 trillion in the financial year ended December 31,…

2 months ago

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