There were indications that crude prices would rise to more than $90 per barrel from over $70 per barrel this weekend, following the United States’ attack on Iranian facilities.

According to MRS, the product would be sold at N925, N935, N955, N945 and N955 per litre in Lagos, South West and others.

The SEC also streamlined the tenures on CEOs and Board Chairmen, barring CEOs from becoming chairmen directly from their positions.

•Bans Independent Directors from becoming executive directors By Obas Esiedesa, Abuja The Securities and Exchange Commission (SEC) has prohibited the Chief Executive Officers (CEOs) from transitioning directly to board chairmanship positions in the company group, prescribing a three-year cooling-off period. The Commission in a circular also barred Independent Directors from transitioning into Executive Director roles […]

By Mariam Eko Energy experts, industry leaders, engineers and policy makers are set to address the need and strategy to extend the life of gas turbine infrastructure, accelerate digital adoption, localize services and support Africa’s broader energy transition during the up-coming Asset Management Conference. The Annual Gas Turbine Asset Management Conference 2025, an initiative of Thomassen […]

By Peter Egwuatu In a move to position Nigeria’s capital market as a catalyst for cross-border investments, Nigerian Exchange Group Plc (NGX Group) and the Securities and Exchange Commission (SEC) have committed to fostering cross-border capital market partnerships. Their current engagements in China reflect a broader drive to strengthen Nigeria’s connectivity to global financial markets […]

By Yinka Kolawole,  with agency report The Transmission Company of Nigeria (TCN) has disclosed that attacks on its infrastructure is increasing, noting that 42 vandalism incidents have been recorded so far in 2025 which affected a total of 178 transmission towers nationwide. The General Manager of Transmission Service at TCN, Mr Ali Sharifa, who made this […]

By Cynthia Alo  Fintech startup, CrediSure Financial Technologies is set to unveil its suite of credit scoring and digital lending platforms aimed at closing the credit access gap for under-banked individuals and small businesses in Nigeria. In an interview with Vanguard on the development, the firm’s Co-founder, Ayodeji  Oluyemi, said it is rolling out three core […]

By Peter Egwuatu Talstack is evolving into more than a learning platform. With the release of its Performance Reviews module, the company now offers a smarter way for HR leaders and managers to review, align, and grow their teams. Talstack, which currently offers an e-learning solution to customers ranging from midsized businesses to publicly traded […]

By Rosemary Iwunze Leadway Assurance Company Limited has posted N173.2 billion in insurance revenue, representing a 51 per cent increase from N114.4 billion recorded in 2023. The company stated that the exceptional growth not only solidifies Leadway’s market leadership but also significantly supports the Federal Government’s initiatives aimed at growing the Nigerian economy by contributing substantially […]

… emphasizes strong financial footing Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025. The bank also expressed confidence in meeting shareholders’ dividend expectations in the 2025 financial […]

By Godwin Oritse APM Terminals Apapa, Nigeria’s largest container terminal, marked a significant milestone with the arrival of “Kota Oasis”, the first liquefied natural gas (LNG)-powered containership to visit West Africa. The vessel, measuring 260 meters in length and 46 meters in width with a gross tonnage of 77,850, sails under the Singaporean flag owned by […]

…as Israel-Iran hostility continues By Udeme Akpan, Energy Editor THE price of Nigeria’s Bonny Light, yesterday, rose to $76.60 per barrel from $73 per barrel at the backdrop of the continued hostility between Israel and Iran. The global oil market responded, especially as the strike damaged some facilities at the Iran’s Pilot Fuel Enrichment Plant, thus fuelling […]

By Peter Egwuatu  Wilmer International Limited has agreed to acquire PZ Cussons Plc’ s 50% stake in PZ Wilmar for  cash consideration of $70 million deal. This move would lead to the exit of PZ Cussons Plc from the Nigerian palm oil business it co-founded in 2010. The transaction, which is subject to regulatory approvals, […]

By Obas Esiedesa, Abuja   The Federal Government on yesterday   disclosed that it has reached an agreement with gas companies for the supply of an additional 20 million standard cubic feet (mscf) of gas to meet the growing demand for Compressed Natural Gas (CNG) by vehicle owners. As part of its broader strategy, the government said it […]