Shareholders of Chams Holding Company PLC have approved the company’s strategic transformation, which includes a name change to Chams Corporation Plc, the launch of Rights Issue, private placement, and a comprehensive corporate restructuring as it marks its 40th anniversary, setting the stage for its next phase of growth.

By Babajide Komolafe Moody’s has affirmed Ecobank Transnational Incorporated’s (ETI) B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit Assessment (BCA); and b1 Adjusted BCA. At the same time, rating analysts at Moody’s said they have changed the outlook on the group’s long-term issuer and senior unsecured debt ratings […]

By Peter Egwuatu The retention of Monetary Policy Rate, MPR, at 27.5% by the Central Bank of Nigeria, CBN, and some of the  announcement of impressive second quarter 2025, Q2’25, earnings by some companies have significantly buoyed positive sentiment in the stock market. Specifically, the Nigerian Exchange Limited, NGX extended its bullish run last week following increased […]

•Bonny Light price averaged $71 per barrel – OPEC •Uncertainty pervades H2’25 outlook – LCCI, BudgIT, others By Udeme Akpan, Energy Editor There are indications that the 2025 Federal Budget has come under funding pressures as the petroleum industry regulator, Nigerian Upstream Regulatory Commission, NUPRC, recorded significant under-performance of crude oil output   in the first half of […]

By Elizabeth Adegbesan There are indications that Nigerians are fast relegating cash transactions to the background as the value of electronic payment transactions skyrockets. According to the latest report released by the Nigerian Interbank Settlement System, NIBSS, value of electronic payment transactions (EPT) grew year-on-year (YoY) by 24 percent to N317.2 trillion in the first quarter […]

There are indications that the 2025 Federal Budget has come under funding pressures as the petroleum industry regulator, Nigerian Upstream Regulatory Commission, NUPRC, recorded significant under-performance of crude oil output in the first half of 2025, H1’25.

Solid Minerals Development Fund (SMDF) and NASD OTC Exchange PLC, have teamed up to unveil an array of investment opportunities in the Nigerian Solid Minerals sector through a  high level webinar.

The NDIC had said that it had substantially paid almost all insured depositors of the failed bank.

The Naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the official market on Friday.

As the Federal Government, FG, ramps up borrowings, concerns are mounting across the various private sector groups and economic experts on the impact of the escalating debt on businesses and the economy in general.

Aliko Dangote, Africa’s richest man and founder of Dangote Cement Plc, is set to retire as chairman of the company’s board effective July 25, 2025.

By Babajide Komolafe Banks, insurance, and other companies in the financial institutions sector contributed N1.77 trillion to the economy in the first quarter of the year, Q1 ’25, representing 15 per cent, year-on-year YoY, increase from N1.545 trillion in the corresponding period of last year, Q1’24.   The National Bureau of Statistics, NBS disclosed this in its […]

Dangote Refinery has turned to Angola’s fleet for the shipment of its crude and refined products. Speaking at the 2025 Maritime Law Seminar in Lagos, President of the African Shipowners Association in Nigeria, Ladi Olubowale, who disclosed this, explained that Dangote’s decision to rely on Angola-based vessels for logistics was because Nigerian ship owners do not […]

The Securities and Exchange Commission, SEC is exploring policies to support quantum innovations like tokenised assets, digital securities, and green bonds.

The commission debunked reports that it issued a query to First Holdco about the ownership of the shares.