- Business
Coleman accuses SON of weak prosecution
Coleman Technical Industries Limited, on Monday accused Standard Organisation of Nigeria (SON) of needing to strengthen its enforcement efforts to protect genuine manufacturers and consumers from substandard products. The company’s Managing Director and Chief Executive Officer, George Onafowokan, made the call while responding to questions from journalists after a media tour of Coleman’s factories in Sagamu, Ogun State. The Coleman…
Read More » - Economy
Nigerian equities market drops by N91bn over negative sentiment trading
The Nigerian equities market started the week on a bearish note on Monday, as the overall capitalization declined by N91 billion. The Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 140.41 basis points or 0.06 per cent, to close at 250,667.86 basis points. Similarly, the overall market capitalisation value shed N91 billion to close at N 162.752 trillion. The…
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Wema Bank’s sustained profit generation to drive Basic EPS
Wema Bank’s Plc for unaudited half year (H1) ended June 30, 2026 declared profit before tax of N154.5 billion ,about 53.65 per cent increase from N100.6billion in half year ended Jun 30, 2025, while profit after tax closed at N131.3 billion in H1 2026, up by157 per cent from N87.5 billion in H1 2025. The H1 2026 performance, however, reinforced…
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XEJet sues SAHCO, AGHAN, seeks N16.1bn over alleged grounding, confidentiality breach
XEJet Limited, has instituted two separate suits before the High Court of the Federal Capital Territory (FCT), seeking a combined N16.1 billion in damages from Skyway Aviation Handling Company Plc (SAHCO) and the Incorporated Trustees of Aviation Ground Handlers Association of Nigeria (AGHAN). In the first suit, XEJet accused SAHCO of breaching confidentiality by allegedly disclosing information about its commercial…
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NDIC urges Nigerians to keep money in licensed financial institutions
The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to keep their money in licensed and regulated financial institutions, warning against unlicensed fund managers and investment schemes offering unrealistic returns. The chief executive of the NDIC, Mr Thompson Oludare Sunday, gave the advice in his keynote address at the corporation’s special day during the 21st Abuja International Trade Fair, organised…
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Seplat Energy calls for accelerated investment to position Nigeria as Africa’s global gas powerhouse
Seplat Energy Plc has called for increased investment across Nigeria’s gas value chain to unlock the country’s vast natural gas resources, strengthen energy security, drive industrialisation, and position Nigeria as Africa’s leading gas powerhouse. Speaking at the Gas Investment Forum (GIF) 2026 in Lagos, Seplat Energy’s Chief Executive Officer, Engr. Effiong Okon, represented by Mr. Okechukwu Mba, Director of Gas…
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Future-ready financial sector requires a future-ready financial journalist, says Obinna Chima
Saturday Editor of ThisDay Newspaper, Dr Obinna Chima has expressed that Nigeria needs a future-ready financial media to build a resilient financial system. Chima said this at the 38th Seminar for Finance Correspondents and Business Editors on Wednesday in Abuja. He spoke on the theme, “The Role of the Media in Building a Future-ready Financial System”. Chima said that Nigeria’s…
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Experts to examine prospects, risks ahead of Nigeria’s 2027 polls at Q4 master class
Experts in the Nigerian financial markets will gather virtually via Zoom on Saturday, October 3, 2026 for the 2026 fourth quarter Master Class where they would brainstorm on the potentials and risks facing the nation’s economy and equities’ market ahead of the year-end, and the 2027 general elections that begin in January. The Master Class with the theme: “The NGX-…
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Nigeria’s aspiration to build a $1trn economy requires banks capable of mobilising, allocating capital, says CBN
The Deputy Governor, Corporate Services, Central Bank of Nigeria (CBN), Dr. Muhammad Abdullahi on Tuesday said Nigeria’s aspiration to build a $1trillion economy by 2030 requires banks capable of mobilising and allocating capital on a much larger scale. Abdullahi , giving his keynote address at the 38th Seminar for Finance Correspondents and Business Editors annual conference in Lagos stated that…
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GTCO’s total assets crosses N18trn in H1 2026
Guaranty Trust Holding Company Plc (GTCO) on Monday released its audited consolidated and separate financial statements for the period ended June 30, 2026, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). Group’s Total assets and shareholders’ funds closed at N18.6 trillion and N3.3trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 34.9per cent (Bank 29.2per…
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