The International Monetary Fund, IMF, has warned that Nigerians may face tougher economic conditions in the near term as rising food and transportation costs continue to squeeze household incomes amid lingering global shocks.

Seplat closed trading on April 14, 2026, at N10,450 per share, representing a staggering 80 per cent gain since January and adding approximately N2.9 trillion in market capitalisation in just four months.

By Udeme Akpan Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand capital base, accelerate strategic initiatives, and aid its backward integration projects. The approval was given at the company’s 20th Annual General Meeting held yesterday in Lagos during which […]

By Peter Egwuatu Nigerian Exchange Limited (NGX) and Bank of Industry (BoI) have reinforced efforts to integrate Small and Medium-sized enterprises (SMEs) into Nigeria’s formal capital market as part of a broader national engagement drive at a workshop held in Kano yesterday. This follows the inaugural edition held in Lagos last year, signalling a more structured […]

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has commenced moves to formally conclude the liquidation of 89 defunct Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, whose operations were successfully transferred to new owners under its Purchase and Assumption, P&A, framework. In a statement signed by its Head of Communication and Public Affairs, Hawwau […]