Business

Nigeria’s economy rebounds as dollar GDP hits $307bn

Nigeria’s economy expanded significantly in 2025, with its dollar-denominated gross domestic product rising by 22 per cent to about $307…

2 months ago

NGX market cap climbs to N155.9trn, investors pocket N2.68trn gain

The Nigerian Exchange closed April 2026 on a record high, with total market capitalisation rising to N155.9 trillion, delivering a…

2 months ago

OPEC+ raises oil output quotas, sidesteps UAE exit

Seven key members of the OPEC+ alliance, led by Saudi Arabia and Russia, have agreed to increase their collective oil…

2 months ago

Naira closes week at N1,374/$, as reserves slide to $48.36bn

Nigeria's naira ended the trading week at N1,374 to the United States dollar on Thursday, extending a week-on-week depreciation amid…

2 months ago

LASU spends over N200m monthly on electricity — Commissioner

The Lagos State University spends more than N200 million every month on electricity, covering network bills and diesel used to…

2 months ago

NGX trades 4.842bn shares as market cap rises to N155.9trn in one week

Investors traded a total of 4.842 billion shares valued at N287.756 billion in 332,453 deals on the Nigerian Exchange Limited…

2 months ago

Airlines, ground handlers head for showdown over N9bn debt

Airline operators in Nigeria have lost over N150 billion within two months, as a deepening standoff with ground handling companies…

2 months ago

Stock market extends bullish rally as investors gain N3.2trn

The Nigerian stock market closed bullish on Thursday, April 30, 2026, leading to N3.266 trillion gains for investors. The positive…

2 months ago

Seplat Energy revenue rises to $840.7m as profit hits $37.9m in Q1 2026

Seplat Energy Plc has posted revenue of $840.7 million for the first quarter ended March 31, 2026, up from $809.3…

2 months ago

GTCO posts N302.9bn profit as shareholders’ funds hit N3.6trn in Q1 2026

Guaranty Trust Holding Company Plc (GTCO) reported profit before tax of N302.9 billion for the first quarter which ended March…

2 months ago

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