Business

Nigeria’s domestic Liquefied Petroleum Gas (LPG) market is recording notable gains following a Federal Government policy mandating that LPG produced by upstream operators be reserved for local consumption, the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has said. Ekpo disclosed this on Thursday while delivering a keynote address at the National Gas Day session of the…

The Nigeria Civil Aviation Authority (NCAA) on Thursday convened a high-level meeting with Hajj airlines and the Association for Hajj and Umrah Operators of Nigeria (AHUON) at its Abuja headquarters to address operational challenges and assess preparedness for the 2026 Hajj airlift. Represented by the Director of Aerodrome and Airspace Standards and Chairman of the Hajj Committee, Alhaji Ahmad Abba,…

The Nigerian Communications Commission (NCC) and the Nigerian Data Protection Commission (NDPC) have signed a Memorandum of Understanding (MoU) to strengthen data privacy and protection in the telecommunications sector amid rapid digital transformation. The MoU provides a structured framework for collaboration between the two agencies, formalising their commitment to regulatory synergy and improved data governance within Nigeria’s digital ecosystem. Speaking…

The Nigerian equities market on Thursday sustained positive optimism as improved buying interest across key sectors propelled the market to a four consecutive upward trend. The All Share Index (ASI) gained by 1,975.18 basis points or 1.18 per cent to close at 170,005.36 basis points. Accordingly, market capitalisation rose by N1.27 trillion to close at N109.129 trillion. The upturn was…

The Nigerian Communications Commission (NCC) and the Nigeria Security and Civil Defence Corps (NSCDC) have warned against damage to fibre-optic cables during road construction and other civil works across the country, declaring that rising cases of avoidable fibre cuts due to negligence will no longer be tolerated. The agencies stressed that offenders risk prosecution, noting that such acts constitute criminal…

MTN Group, Africa’s largest mobile network operator, has entered advanced discussions to acquire the roughly 75per cent stake in IHS Holding Limited that it does not already own. The move would give the South African telecom giant full control of one of the world’s largest independent tower companies. In a cautionary notice to investors on Thursday, MTN confirmed it is…

Transnational Corporation Plc, the Debt Management Office, CardinalStone, Chapel Hill Denham and MTN Nigeria Communications were among the recipients at the 2025 Made of Africa Awards hosted by Nigerian Exchange Group, recognising institutions driving performance across Nigeria’s capital markets. The awards honour brokers, issuing houses, trustees, fund managers, listed companies and other market participants for excellence in value delivery, compliance…

By Kunle Sanni – The Nigerian National Petroleum Company (NNPC) Limited shut down operations at the Warri, Port Harcourt and Kaduna refineries after determining that the facilities were incurring heavy financial losses, the Group Chief Executive Officer, Mr Bayo Ojulari, has said. Ojulari disclosed this on Wednesday while speaking at the ongoing Nigerian International Energy Summit (NIES), noting that the…

Nigerian Exchange Group Plc (NGX Group) on Wednesday, hosted a Closing Gong Ceremony in honour of the Inspector-General of Police, IGP Kayode Egbetokun, signaling a strengthened partnership between capital market regulators and law enforcement agencies. The ceremony highlighted a shared commitment to investor protection, the prevention of financial crime, and the reinforcement of trust and confidence in Nigeria’s capital market.…

The Nigerian equities market on Wednesday gained N1.4 trillion, driven by strong Q4 earnings reports from key companies. The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 2,128.61 points, or 1.28 per cent to close at 168,030.18 points. Accordingly, market capitalisation rose by N1.366 trillion to close at N107.861 trillion. Market sentiment closed positive with 53 gainers outpacing…