Business
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
Fidson Delivers N3.6bn Dividend, Reaffirms Path to Becoming Africa’s Largest pharma Manufacturer
Oriarehu Bonny Shareholders of Fidson Healthcare Plc have approved a dividend of N1.50 per 50 kobo ordinary share, amounting to N3.6 billion, at the company’s 27th Annual General Meeting held
Sterling Rallies against Market Tide, Ranks Among NGX’s Top Gainers
Shares of Sterling Financial Holdings Company Plc closed among the five best-performing stocks on the Nigerian Exchange (NGX) on Thursday, gaining 7% even as the broader market extended a two-session
NLNG: How Cooking Gas Offtakers Profiteered, Earned N1,600/kg Markup
Peter Uzoho Major cooking gas offtakers made an excess N1,600 markup on every kilogramme of Liquefied Petroleum Gas (LPG) bought from Nigeria LNG Limited (NLNG), buying at N800 per kg
EKEDC’s Six-month Revenue Hits N39.5bn, ATC&C Losses Decline
Peter Uzoho Eko Electricity Distribution Plc (EKEDC) has reported N39.5 billion as its year-to-date revenue, with Aggregate Technical, Commercial and Collection (ATC&C) losses dropping to 19.71 percent, the company told
