Business
Stock Market Drops by N599bn on Profit-taking in Nestle, 39 Others
Kayode Tokede Thd Nigerian stock market closed negative yesterday as the market capitalization dropped by N599 billion following sell off in in Nestle Nigeria Plc and 39 others. The All-Share
Oborevwori Urges Investors to Take Advantage of Vast Opportunities across Critical Sectors State’s Economy
Eromosele Abiodun Delta State Governor, Rt. Hon. Sheriff Oborevwori, yesterday declared that the state can no longer rely solely on oil revenue, urging local and foreign investors to take advantage
Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and
Equities market reverses gains, investors lose N599bn
The stock market closed on a negative note on Tuesday, reversing the gains recorded in the previous trading session as investors lost N599 billion. This followed a day bullish streak
Economic Council approves $4.5b crude oil backed loan refinance for NNPC
By Emeka Anaeto The National Economic Council (NEC) has approved the refinancing of NNPC Limited’s $3.3 billion oil-backed pre-export finance facility through a new $4.5 billion arrangement. According to a
Delta State unveils roadmap to unlock 3,000MW potential
..Transcorp, Manitoba, InfraCredit, CNG Initiative pledge investmentsBy Babajide Komolafe, Economy Editor & Egufe Yafugborhi, Ochuko AkuophaASABA—Delta State yesterday unveiled a roadmap to unlock its nearly 3,000 megawatts of installed electricity
Interest rate to remain high amid inflationary pressures — United Capital
By Peter Egwuatu United Capital Plc, has indicated that interest rate in Nigeria is expected to remain high at the backdrop of inflationary pressures in the second half of 2026 H2’26.
FCCPC seeks uniform consumer protection as states open electricity markets
By Progress Godfrey The Federal Competition and Consumer Protection Commission (FCCPC) has called for stronger collaboration among electricity sector regulators to ensure uniform consumer protection and regulatory certainty. The call comes
Banks’ deposits rise 670% to N83.95trn
•As borrowings drop By Elizabeth Adegbesan Banks’ deposits in the Central Bank of Nigeria, CBN, Standing Deposit Facility, SDF, recorded a sharp increase by 670.2 percent year-on-year (YoY) to N83.95 trillion
WACT-APM Terminals expands awards scholarships awards, 52 more beneficiaries added
By Godwin Oritse West Africa Container Terminal (WACT)-APM Terminals Nigeria has expanded its educational support initiative with the award of scholarships to 52 new beneficiaries, comprising 47 students from its
