Investors in the Nigerian equities market gained N905 billion at the close of trading on Monday, starting the week on a bullish note. The rally was driven by gains in Airtel Africa, Tantalizers, and Sovereign Insurance, among other stocks. The benchmark All-Share Index rose to 251,125.02 points from 249,712.37...
investment
Benue Investment and Property Company Limited (BIPC) says its monthly performance reviews focus on measuring direct impact on citizens as the company expands into agribusiness, local manufacturing, and sustainable housing. Group Managing Director and CEO, Dr. Raymond Asemakaha, CFA, said the reviews go beyond financial figures to track how...
First HoldCo Chairman Femi Otedola has announced plans to invest $100 million in Dangote Refinery as part of a $2 billion private placement ahead of its planned initial public offering. Otedola disclosed the move on Wednesday after leading First HoldCo executives on a tour of the refinery and fertiliser...
The Independent Media and Policy Initiative (IMPI) has defended President Bola Tinubu’s debt-for-infrastructure policy, insisting that strategic borrowing remains critical to addressing Nigeria’s huge infrastructure deficit and stimulating long-term economic growth. In a policy statement issued by its Chairman, Dr. Omoniyi Akinsiju, the group argued that criticisms against the...
President of Dangote Industries Limited, Aliko Dangote, received a warm welcome in Gode, Ethiopia, where he was hosted by Prime Minister Dr. Abiy Ahmed. Both leaders visited the site of the proposed fertiliser plant to assess ongoing construction. Ethiopia had signed a shareholders’ agreement with Dangote Group in August...
Africa’s energy journey is often portrayed as a stark choice between climate responsibility and development. In reality, the continent faces a more nuanced challenge: finding a fair, gradual energy transition that matches its unique needs and ambitions. Technology and innovation can drive this change, helping secure affordable and sustainable...
President Bola Tinubu’s economic and investment drive received a further boost on Thursday, as world-class port operator APM Terminals pledged a $600 million investment in Nigeria’s maritime sector. Regional President, APM Terminals Africa-Europe, Igor van den Essen, disclosed this when he led other executives, including Head of Investments, APM Terminals,...
Vice President, Kashim Shettima, has said the reforms of the administration of President Bola Tinubu in the mining sector is beginning to manifest, with over $2.6 billion in Foreign Direct Investment attracted to the sector in the last 30 months alone. He explained that through the de-risking of the...
Federal Government has reaffirmed its commitment to transforming Nigeria’s education sector by strengthening collaboration with the United Kingdom to expand access to world-class education, enhance skills development, and attract international investment. This was highlighted during a visit by a delegation from the UK Department for Business and Trade to...
Former presidential candidate, Peter Obi, has called on Nigerian leaders to prioritise education as a critical driver of national growth, warning that continued neglect could push the country further behind its global peers. Obi made the remarks on Tuesday while delivering a lecture at Coal City University in Enugu,...
President Bola Ahmed Tinubu on Saturday said his administration’s infrastructure development and economic reforms across sectors are for the benefit, well-being, and prosperity of citizens. He gave the assurance in Iperu, Ogun State, during the inauguration of the Gateway Cargo International Airport, built by the administration of Governor Dapo Abiodun....
Economic and Financial Crimes Commission (EFCC) has presented the Eleventh Prosecution Witness, PW11, against Jesam Michael Ubi and his Afriq Arbitrage System, AAS, before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja. Ubi and his company are being prosecuted by the Commission on a seven-count charge, bordering...
President Bola Ahmed Tinubu has approved a targeted fiscal incentive aimed at unlocking the long-awaited Final Investment Decision (FID) for the Bonga Southwest Aparo (BSWA) deepwater oil project, a move expected to attract about $20 billion in Foreign Direct Investment into Nigeria’s energy sector. The approval, announced by the...
Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has continued his advocacy for education with a ₦30 million donation to Peter University in Achina/Onneh, Anambra State, aimed at supporting the institution’s academic growth and development. The former governor disclosed this in a statement shared after visiting...
Economic and Financial Crimes Commission (EFCC) on Monday, February 16, 2026, arraigned the Chief Executive Officer of Onome Global Market Resources Limited and Lexicon Multi-concept Media Limited, Osabohein Alex Ologbose, alongside his wife Hope Onome Oghelemu before Justice Ekerete Akpan of the Federal High Court sitting in Abuja. Other defendants...
Chief Executive of Shell Plc, Mr Wael Sawan, has praised President Bola Tinubu’s leadership for creating a healthy climate for investments to thrive and restoring investor confidence. At a meeting with President Tinubu at the Presidential Villa, Mr Sawan said Shell is deepening and expanding its investments in Nigeria,...
Elder statesman, renowned philanthropist and business magnate, Alhaji Muhammadu Indimi, has announced plans to usher in a new wave of private investment into Borno State. The pledge was made during a high-profile visit led by Governor Babagana Umara Zulum to Indimi’s residence in Maiduguri on Tuesday. The visit was...
Federal Government is set to inject $220 million into creating employment pathways for young Nigerians through a renewed commitment to the Nigeria Jubilee Fellows Programme (NJFP) 2.0, Vice-President Kashim Shettima announced on Wednesday. Speaking at the launch of NJFP 2.0 at the Presidential Villa in Abuja, Shettima said the...
Vice-President Kashim Shettima has said Nigeria is now best-positioned to lead the intra-African trade and investment revolution. He said this was because the Federal Government was removing investment bottlenecks and boosting ease of doing business. The Vice President stated this at the opening of the Pre-Investor Forum of the...