Business

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…

4 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…

4 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…

4 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…

4 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…

4 months ago

Stock market opens 2026 with ₦561bn gain

The Nigerian stock market began the new year on a strong note, extending its bullish run on Friday — the…

4 months ago

CBN forecasts inflation slowdown to 12.94% in 2026

The Central Bank of Nigeria (CBN) says inflation in the country is expected to drop to an average of 12.94…

4 months ago

NNPC targets $30bn investment, unveils plan for new oil fields by 2030

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced ambitious plans to start developing new oil fields beginning in…

5 months ago

Solid minerals reforms boost Nigeria’s revenue from ₦16bn to ₦70bn

Revenue from Nigeria’s solid minerals sector is projected to rise to more than ₦70 billion in 2025, a dramatic jump…

5 months ago

Stock market closes 2025 with N533bn gain

The Nigerian stock market closed 2025 on a strong footing on Wednesday, December 31, extending its consecutive gain with N533…

5 months ago

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