Business

DisCos billed N255bn, collected N211bn in October — NERC

Electricity distribution companies (DisCos) across Nigeria billed customers N255.19bn for electricity supplied in October 2025 but were only able to…

4 months ago

Fuel import bill fell 54% in two years as local refining expands

Nigeria’s spending on imported refined petroleum products has dropped sharply by 54 per cent over the past two years, falling…

4 months ago

Stock market capitalisation rises to N104.5trn as investors gain N745bn

The Nigerian stock market opened the week on a bullish note on Monday, January 12, 2026, with investors gaining N745…

4 months ago

Gold rises above $4,600 for first time as silver hits record high

Gold broke through $4,600/ounce for the first time on Monday, January 12, 2026, while silver also hit a record high.…

4 months ago

First HoldCo makes new board appointments in non-banking subsidiaries

First HoldCo Plc has announced new board appointments across its non-commercial banking subsidiaries, as part of measures to strengthen governance,…

4 months ago

Bullish run continues as stock market records N953bn gain

The Nigerian stock market sustained its upward momentum on Friday, January 9, 2026, gaining N953 billion in market capitalisation as…

4 months ago

I started Zenith Bank with ₦20m in 1990 — Jim Ovia

Founder of Zenith Bank Plc, Jim Ovia, has recounted how the financial institution was established in 1990 with a start-up…

4 months ago

Dangote Refinery, marketers fuel deal collapses as petrol imports spike

The fuel supply agreement between the Dangote Petroleum Refinery and 20 major petroleum marketers has collapsed following disagreements over pricing.…

4 months ago

Stock market extends bullish rally as investors gain N138bn

The Nigerian stock market sustained its upward trend on Thursday, January 8, 2026, with market capitalisation rising by N138 billion…

4 months ago

Listed companies: Nigerian stock market ranked 3rd in Africa

The Nigerian stock market has been ranked third-highest in Africa by the number of listed companies. The Organisation of Economic…

4 months ago

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