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 cost optimisation.
Stock market slides as profit-taking hits blue chip companies
By Peter Egwuatu After the sustained rally recorded in the previous weeks of May 2026, profit-taking by investors last week have taken toll on the Nigerian stock market. Analysts noted that the profit-taking was mostly in major blue chip and mid-cap companies that had paid dividends to their shareholders. A review of activity on the Nigeria […]
Court grants CBN sole ownership of eNaira platform
The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria (CBN) sole ownership rights to the eNaira digital currency platform.
Nigeria’s trade surplus rises 220% to $480m
By Elizabeth Adegbesan Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 percent increase in export receipts to a record $4.68 billion, largely fueled by petroleum products. This represents a 220 percent month-on-month (MoM) increase in trade surplus when compared to$150 million recorded in December 2025. The Central Bank of Nigeria, […]
Over 41% of electricity consumers still without meters –NERC
By Obas Esiedesa About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered […]
Pension scheme plagued by gender disparity
THE Nigerian labour force under the Contributory Pension Scheme (CPS), remained heavily dominated by male workers in 2025, as the number of registered male contributors rose to 8.75 million against 3.47 million female subscribers
