By Udeme Akpan, Energy Editor Pump price of Automotive Gas Oil (AGO), otherwise known as diesel, have recorded significant hikes in Lagos, Port Harcourt and Warri. This comes against a relatively stable prices for Premium Motor Spirit (PMS) otherwise known as petrol despite fears of pressure from a renewed hostility in the Middle-east war between US […]

By Peter Egwuatu  & Yinka Kolawole Nigeria’s capital market has received a significant boost after S&P Dow Jones Indices (S&P DJI) placed the country on its 2027 Country Classification Watchlist for potential reclassification from a Standalone Market to a Frontier Market, citing improvements in the country’s regulatory environment and market integrity. This is even as Bloomberg ranked […]

By Yinka Kolawole Dangote Cement Plc has reaffirmed its commitment to driving low-carbon cement production, with Group Managing Director, Arvind Pathak, urging African producers to accelerate decarbonisation while expanding capacity to meet the continent’s growing infrastructure demand. Pathak made the call after participating in the Global Cement and Concrete Association (GCCA) CEO Strategic Dialogue in Madrid, […]

MultiChoice has  formally become a full subsidiary of Canal+, marking a new phase in the evolution of one of Africa’s leading pay television operators. In a statement, yesterday, David Mignot, Chief Executive Officer of Canal+ Africa and MultiChoice, said the integration positions MultiChoice within a global media organisation with an extensive international footprint. MultiChoice is […]

By Gabriel Ewepu Nigeria’s solid minerals exports have sustained uptrend rising to N354 billion in 2025, up by 2018 percent from N117.29 billion recorded in 2023. The figure for nine months 2024 was N199.6 billion with full year estimated to be over N266 billion. Similarly, revenue generated for the Federation Account climbed to over N70 billion, […]

•As diesel prices rises across major depots By Udeme Akpan The Dangote Petroleum Refinery on Wednesday trimmed its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ¦ 1 per litre, even as diesel prices climbed across several petroleum depots in Lagos, reflecting mixed trends in Nigeria’s downstream petroleum market. Meanwhile, the global […]

By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has stated that the Standard N100 note is still a legal tender and must be accepted for all transactions. The apex bank, in a statement by its Ag. Director, Corporate Communications, Mrs. Hakama Sidi-Ali, yesterday, said the clarification became necessary, following reports that some […]

Laments poor financing, weak governance in the sector By Cynthia Alo The Cooperative Federation of Anambra State Limited, COFAS, has called on the State Government to establish a Cooperative Development Fund, CDF, and integrate cooperatives into the state’s economic planning. COFAS also disclosed that poor access to finance, weak governance structures, and low digital literacy […]

By Rosemary Iwunze Commissioner for Insurance, National Insurance Commission, NAICOM, Mr. Olusegun Ayo Omosehin, has charged the Nigerian Insurers Association, NIA, to lead the rebuilding of public trust in insurance as the industry enters a new phase of transformation. He gave the charge at the Investiture Ceremony of Mrs. Ebelechukwu Nwachukwu as the 27th Chairman of […]

•Maintains forecast for Nigeria’s GDP at 4.1% in 2026, 4.3% in 2027 •Says improved macroeconomic stability supports Nigeria’s economy By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has warned that rising prices of essential goods will deepen poverty and food insecurity in Nigeria despite improved macroeconomic stability, even as it maintained growth forecasts for […]

By Yinka Kolawole Dangote Cement Plc has unveiled plans to cut net carbon dioxide (CO‚ ) emissions intensity by 20 per cent while expanding production capacity to 80 million tonnes per annum (mtpa) by 2030, as it pursues its ambition of becoming Africa’s most sustainable and globally competitive cement producer. Presenting the company’s 2025 Sustainability Scorecard […]

By Progress Godfrey  Galaxy Backbone (GBB) has intensified its engagement with banks, fintech firms, and other financial institutions as the Central Bank of Nigeria (CBN) moves to enforce the local storage of payment transaction data. The digital infrastructure and shared services provider, in a statement yesterday, brought together Chief Information Officers, fintech leaders, and technology stakeholders […]

By Emma Ujah, Abuja Bureau Chief The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has said the proposed Pension Industry Infrastructure Fund is in the final stages of implementation as part of efforts to channel a portion of the industry’s over N32 trillion assets into infrastructure and the capital market. She said: “The pension […]

By Obas Esiedesa, Abuja The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, yesterday disclosed that the company remitted N19.5 trillion to the Federation Account between April 2025 and June 2026. Speaking during the 2026 Nigeria Oil and Gas Energy Week in Abuja, Ojulari said the company also achieved $3.4 billion in cost savings […]

By Progress Godfrey The Federal Government has suspended the enforcement of new regulations affecting internet platforms, online intermediaries and other cross-cutting digital economy issues pending the completion of a national policy review. The directive was contained in a statement issued by the Minister of Communications, Innovation and Digital Economy Dr Bosun Tijani, on Tuesday, after a […]