Business

Gold slips from one-week high

Gold slid on Wednesday, January 7, 2026, as investors booked profits after prices briefly hit a more than one-week high…

2 months ago

DisCos generate N570bn despite persistent power outages

Nigeria’s electricity distribution companies (DisCos) recorded higher earnings in the third quarter of the year, even as many customers continued…

2 months ago

Stock market extends bullish rally as investors gain N469bn

The Nigerian stock market closed on a positive note on Tuesday, January 6, 2026, delivering a N469 billion gain to…

2 months ago

Naira appreciates against dollar at official market

The naira opened the week with further appreciation against the United States dollar at the official market, trading at N1,429.30…

2 months ago

NGX market capitalisation hits N100trn

The market capitalisation of the Nigerian Exchange Limited (NGX) hit N100 trillion on Monday, January 5, 2026. Data obtained from…

2 months ago

NNPC subsidiaries’ debt surges 70% to N30.3trn

The Nigerian National Petroleum Company Limited is facing mounting financial pressure as debts owed by its subsidiaries and related entities…

2 months ago

Tony Elumelu’s net worth hits $3.2bn

The Chairman of Heirs Energies, Tony Elumelu, has seen his net worth rise to an estimated $3.2 billion, driven largely…

2 months ago

Why banks close 229 branches in Nigeria

Nigeria’s banking sector closed 229 physical branches in the past year as customers increasingly prefer electronic payment channels, especially Point…

2 months ago

Guinness replaces United Capital on NGX index after review

Guinness Nigeria has replaced United Capital Plc on the Nigerian Exchange Limited (NGX) 30 index. The NGX made this known…

2 months ago

Naira starts 2026 strong, gains ₦4.90 at official market

The Naira began 2026 on a positive note on Friday, strengthening against the U.S. dollar at the official market to…

2 months ago

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