Business

The National Information Technology Development Agency (NITDA) and the Nigerian Independent System Operator (NISO) are set to collaborate on initiatives aimed at accelerating digital transformation in Nigeria’s energy sector and strengthening the infrastructure required to drive the country’s digital economy. During a strategic meeting between the two organisations, the Director-General of NITDA, Kashifu Inuwa, emphasised the importance of reliable electricity…

President Bola Tinubu has outlined steps taken by his administration to reform Nigeria’s electricity sector, revealing that the Presidential Power Sector Task Force has been authorised to raise a N4 trillion bond to settle verified legacy debts in the industry. Speaking in his Democracy Day address on Friday, Tinubu said the power sector he inherited in 2023 was plagued by…

In continued demonstration of its unwavering commitment to deepening the Nigerian capital markets, FMDQ Securities Exchange Limited has approved the quotation of SKLD Integrated Services Limited’s N0.86 billion Series 1 and N6.44 billion Series 2 Commercial Papers under its N10.00 billion CP Programme.  This approval by the Exchange’s Board Listings and Markets Committee reinforces FMDQ Exchange’s role as a trusted…

The Nigerian equities market extended its winning streak to a fourth consecutive trading session as investors’ investments rose by N100 billion. The Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 154.59 per cent, or  0.06 per cent to close at 244,852.21 points. Similarly, the overall market capitalisation value gained N100 billion to close at N 157.043 trillion. The market…

Nigerian Exchange Group (NGX Group) has reinforced its commitment to environmental sustainability through a community cleanup exercise at Marina, Lagos, held in commemoration of World Environment Day 2026 in partnership with the Lagos State Waste Management Authority (LAWMA) and the Recyclers Association of Nigeria (RAN). The activity brought together employee volunteers from NGX Group and representatives of both partner organisations…

The Nigerian equities market  closed Tuesday  trading session on a positive note as gains in Airtel Africa Plc drove the All-Share Index higher by 0.5per cent to 244,700.80 basis points.  Consequently, the ASI Month-to-Date and Year-to-Date returns settled at -2.3per cent and +57.3per cent, respectively. As measured by market breadth, market sentiment was neutral (1.0x), as 31 stocks gained relative…

The Board of Seplat Energy Plc on Tuesday elected Mr. Tony Elumelu,, as the next Chairman of the company, effective January 1, 2027.  Elumelu, who joined the Board in January 2026, is the Founder and Chairman of Heirs Holdings, which has a 20.07per cent shareholding in Seplat Energy.  Heirs Holdings is a diversified investment company, with interests across strategic sectors…

In furtherance of its commitment to deepening Nigeria’s capital markets and broadening access to cost-effective short-term funding, FMDQ Securities Exchange Limited has approved the quotation of Sycamore Integrated Solutions Limited’s N1.82 billion Series 1 Tranche A and N5.07 billion Series 1 Tranche B Commercial Papers under its N20 billion CP Programme.  This approval by the Exchange’s Board Listings and Markets…

FCMB Group Plc reported a profit before tax of N202.100 billion for the year ended 31 December 2025, according to its audited financial statements just released. This represents an 80.61per cent year-on-year increase from N111.895 billion recorded in 2024, driven by a sharp expansion in interest income and net interest income. Profit after tax rose to N177.271 billion from N73.337…

The National Information Technology Development Agency (NITDA) has approved the 2025 Annual Report and 2026 Business Plan of the Nigeria Internet Registration Association (NiRA) as part of efforts to accelerate the growth of Nigeria’s digital economy. The approval was granted during a meeting at NITDA’s headquarters in Abuja, where NiRA President, Adesola Akinsanya, led members of the association’s board to…