Business

The Nigerian equities market sustained its bullish momentum on Monday, as the market capitalisation rose beyond N122 trillion, as investors gain N5.103 trillion in a historic repricing rally. The All-Share Index (ASI) gained by 7,949.36 points, representing a growth of 4.36 per cent to close at 190,262.44 points. Also, market capitalisation gained N5.103 trillion to close at N122.130 trillion. Market…

President Bola Tinubu has described the newly signed Memorandum of Understanding between BUA Group and UAE-based AD Ports Group and MAIR Group as a major milestone in Nigeria–United Arab Emirates economic relations, saying the agreement signals deepening industrial and trade cooperation between both countries. The agreement, signed in Abu Dhabi, is a Memorandum of Understanding (MoU) between BUA Group, AD…

Chairman of the THISDAY/ARISE Media Group, Prince Nduka Obaigbena, has officially launched LekeeLekee, a new social media platform developed by the company as part of its digital expansion strategy. In a statement, Obaigbena announced that LekeeLekee is now available on the App Store, Google Play, and the web, and can also be accessed as a Progressive Web App (PWA), ensuring…

The National Information Technology Development Agency (NITDA) has held strategic talks with Trust Stamp, a NASDAQ-listed global technology firm, to explore collaboration aimed at strengthening Nigeria’s digital trust framework and advancing innovation within the digital economy. The meeting, chaired by NITDA Director-General Kashifu Inuwa Abdullahi, focused on identifying partnership opportunities aligned with Nigeria’s digital transformation agenda and the agency’s goal…

The Lagos State Ministry of Women Affairs and Poverty Alleviation (WAPA) has reaffirmed its commitment to strengthening collaboration with the Lagos State Employment Trust Fund (LSETF) to expand access to funding, financial literacy and enterprise support for women across the state. The assurance was given by the Commissioner for Women Affairs and Poverty Alleviation, Hon. Bolaji Cecilia Dada, during a…

Chairman of United Bank of Africa, Tony Elumelu, has declared that Nigeria’s foreign exchange challenges are now a thing of the past, stating that businesses can access dollars without the hurdles that once defined the market. Speaking with journalists after a meeting with President Bola Tinubu at the Presidential Villa in Abuja on Friday, Elumelu credited recent reforms by the…

…as NOA plans to deploy 818 offices In a bid to deepen public understanding and participation in the nation’s financial system, the National Orientation Agency (NOA) and the Securities and Exchange Commission (SEC) have strengthened their collaboration to sensitise Nigerians to investment opportunities in the Nigerian capital market. Addressing a delegation from the SEC, the Director-General of NOA, Mallam Lanre…

Commercial cargo flight operations are set to commence at Gateway International Airport in Iperu, Ikenne Local Government Area of Ogun State, marking a major milestone in the state’s aviation and economic development drive. The development builds on the airport’s earlier achievement, as passenger flights officially began on October 7, 2025, opening the facility to travellers across Nigeria. With the introduction…

Nigeria has secured a permanent seat on the Board of the African Central Bank following deliberations at the 39th Session of the Executive Council of the African Union. The development was disclosed in a statement issued on Friday, by the Minister of Foreign Affairs, Ambassador Yusuf Tuggar. According to the statement, the decision marks a significant diplomatic milestone for Nigeria…

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has expressed optimism that the naira could appreciate to below N1,000 against the US dollar before the end of 2026, following the Dangote Petroleum Refinery’s attainment of full operational capacity. In a post shared on X on Thursday, Otedola described the refinery’s milestone as a major turning point for Nigeria’s…