SEC commences nationwide campaign to recover unclaimed dividends
By Peter Egwuatu The Securities and Exchange Commission (SEC) has commenced a nationwide enlightenment campaign to help Nigerians recover unclaimed dividends and other monies arising from capital market transactions. The campaign, which began with a town hall meeting in Lagos yesterday, is aimed at sensitising investors on the existence of unclaimed monies, the role of the […]
NNPC monthly revenue drops 14% to N4.358trn
In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit after tax rose by 12.3 per cent to N502 billion in November, compared with N447 billion recorded in the preceding month.
Heirs Energies acquires Maurel & Prom’s 20% stake in Seplat Energy for $500m
The acquisition represents a further milestone in Heirs Energies’ long-term strategy to strengthen indigenous participation in strategic assets and accelerate sustainable energy development and security for Nigeria and Africa.
CBN projects 4.49% economic growth, $51bn external reserves for 2026
The Central Bank of Nigeria, CBN, has projected a stronger macroeconomic outlook for the country in 2026, forecasting a 4.49 per cent growth in Gross Domestic Product, GDP, a moderation in inflation to about 12.4 per cent, and a rise in external reserves to $51.04 billion, amid sustained reforms, improved oil sector performance and easing monetary conditions.
Labour raises alarm over upsurge in casualisation by shipping companies
By Victor Ahiuma-Young The Shipping Branch of the Maritime Workers’ Union of Nigeria, MWUN, has decried the growing upsurge in the casualisation of workers by shipping companies and terminal operators in Nigeria. The President of the branch, Olufemi Abass, in a statement issued through MWUN’s Head of Media, John Ikemefuna, lamented that such unfair labour employers […]
ATM transactions rise 197.86% to N36.34 trn
By Elizabeth Adegbesan The value of transactions through Automated Teller Machines rose by 197.86 percent year-on-year (YoY) to N36.34 trillion in the first half of 2025 (H1’25) from N12.2 trillion in the corresponding period of 2024 (H1’24). Vanguard analysis of data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin for H1’25 showed that the […]
