By Udeme Akpan Crude oil prices climbed toward $70 per barrel, up from $67 last week, as rising tensions between the United States and Iran heightened fears of supply disruptions. The rally followed the collapse of nuclear talks in Oman, which failed to bridge differences between both countries. Market sentiment was further jolted after the US […]

By Udeme Akpan The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has urged global investors to capitalise on opportunities in Nigeria’s 2025 licensing round, offering 50 oil and gas blocks across diverse terrains. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, made the call on Tuesday at the opening of the 10th anniversary of […]

British pharmaceutical giant AstraZeneca said Tuesday that its net profit jumped 45 percent last year on strong sales of cancer drugs, as it expands its reach in the United States and China.

By Udeme Akpan Determined to speed up the oil and gas industry contracting processes, weed out firms lacking technical capacity to perform and reduce Nigeria’s cost of production, the Nigerian Content Development and Monitoring Board has issued the “NCEC Application Guidance Notes”, with effect from December 2025. The document which is available on the Board’s website […]

•As oil producing states receive N1.6 trn By Elizabeth Adegbesan The Federal Government (FG), 36 states and 774 local governments shared N26 trillion from   Federation Account Allocation Committee (FAAC) revenue    in 2025. This represents an 84.2 percent year-on-year (YoY) increase when compared to N14.11 trillion shared in 2024.   Vanguard analysis of data in the FAAC […]

Says  Unpaid Work gap persists across urban, rural Nigeria By Babajide Komolafe Women in Nigeria spend 21 per cent of their day  nearly five hours  on unpaid domestic and care work, compared to just 4.1 per cent, or about one hour, spent by men, according to the Nigeria Time Use Survey (NTUS) 2024 released by the National […]

By Bashir Bello KANO — The Nigeria Deposit Insurance Corporation, NDIC, said it has settled or reimbursed depositors of defunct banks within 72 hours of their closure. The affected banks include, Heritage Bank Limited, Union Homes Plc and Aso Savings and Loans Plc. Speaking during a one day stakeholders meeting held in Kano, the NDIC Executive […]

By Peter Egwuatu UAC of Nigeria Plc, has announced its unaudited financial results for the fourth quarter and year ended 31 December 2025, recording a 74% increase in revenue to N343.4 billion from    N196.9 billion in the corresponding period 2024 following the successful completion of its transformational acquisition of C.H.I. Limited alongside continued contributions from […]

By Sebastine Obasi The Chairman of Kaduna Electricity Distribution Company, KAEDECO, Mr. Aminu Suleiman, and the Managing Director of Niger Delta Power Holding Company, NDPHC, Engr. Jennifer Adighije, have agreed to a sustainable collaboration that would translate into tangible improvements in electricity generation and distribution efficiency in KAEDECO areas of operation. The collaboration was agreed upon […]

…as Commission holds seminar for judges By Obas Esiedesa, Abuja The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Musiliu Oseni, has admitted that the recurring collapse of the national power grid has become a national embarrassment. Oseni made the remark in Abuja on Monday at the opening of the 2026 NERC Seminar for Judges, […]

Create dashboard to track complaints, reversals By Babajide Komolafe, Economy Editor, In a major regulatory intervention aimed at protecting consumers, the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have proposed a 30-minutes timeline for refund to subscribers in the event of failed airtime and data purchase transactions. The proposal is contained in the  […]

Legend Internet Plc has won the Market Debut Excellence Award at the 2025 NGX Made of Africa Awards, hosted by the Nigerian Exchange (NGX) Group.

Network Capital Ltd. has been named Nigerian Exchange Ltd.’s Most Compliant Firm for 2025, securing the recognition for the second consecutive year in a sign of strengthened governance standards in Nigeria’s capital market.

Stockbrokers said bargain hunting persisted in mid-cap and blue-chip stocks, including Dangote Cement, Aradel, Transcorp, FCMB, UBA, Dangote Sugar, among others.

Wall Street stocks were little changed early Monday in muted trading ahead of key US economic data this week.