Business

By Kunle Sanni – Nigeria’s non-oil exports rose to an all-time high of $6.1 billion in 2025, representing an 11.5 per cent increase from the $5.4 billion recorded in 2024, the Nigeria Export Promotion Council (NEPC) has said. The Executive Director and Chief Executive Officer of the NEPC, Mrs Nonye Ayeni, disclosed this on Monday in Abuja during the council’s…

The full activation of the international status of the Victor Attah International Airport (VAIA) in Akwa Ibom moved a step closer on Monday as the Committee on the Actualisation of the Airport’s International Status carried out a comprehensive inspection of facilities ahead of the planned commencement of international flight operations in April. The inspection covered key infrastructure and operational areas,…

Geregu Power on Monday announced a profit after tax drop of 0.64 per cent to N27.50 billion in 2025 financial year results posted on the Nigerian Exchange Limited (NGX) from N27.43billion declared in 2024.   The power generating company, however, saw its profit before tax gaining 1.74 per cent to N41.99 billion in 2025 from  N41.27billion posted in 2024. Despite slow…

Seplat Energy Plc has reiterated that oil and gas will continue to play a critical role in Nigeria’s energy mix, while stressing the need for operators to conduct their activities responsibly, efficiently, and sustainably. This position was articulated by Director, Gas & New Energy, Seplat Energy,  Mr. Okechukwu Mba who represented the Company’s Chief Executive Officer, Mr. Roger Brown, at…

The Securities and Exchange Commission (SEC) has raised capital requirements for market dealers (proprietary trading only) from N100 million to N1 billion and that of dealers (client execution only) from N200 million to N600million.  This is according to a circular released by the Commission on January 16, 2026, which replaces the long-standing 2015 capital regime and sets a compliance deadline…

Nigerian Exchange Group (NGX Group), in collaboration with Germany’s development finance institution DEG and Africa Foresight Group, convened a CEO Roundtable to accelerate corporate climate commitments and position Nigerian corporates for access to climate-linked capital estimated at $2.5–$3.0 billion. The NGX–DEG CEO Roundtable brought together corporate leaders, development finance institutions, and market stakeholders to advance the NGX Net-Zero Programme (N-Zero),…

Zichis Agro-allied Industries Plc has completed a board meeting in Lagos with the capital market regulating bodies, financial advisers and shareholders amid its plans to List by Introduction a N1.09 billion worth of shares on the floor of the Nigerian Exchange Limited (NGX).   The  agro-allied company is planning a Listing by Introduction on the growth board of NGX a 600…

The Securities and Exchange Commission (SEC) and the Nigeria Police Force have agreed to forge an alliance against illegal scheme operators, investment frauds, and cryptocurrency frauds in a bid to protect the hard-earned savings and the financial dreams of the Nigerian people. Director General of the SEC, Dr. Emomotimi Agama stated this during a meeting with the Inspector General of…

The Nigerian Exchange Limited (NGX) on Wednesday admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc, to its Daily Official List. The listing of UBA’s 3.16 billion share on the bourse signal a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory…

The World Bank has retained Nigeria’s economic growth forecast at 4.4per cent for 2027, signalling sustained optimism about the country’s medium-term outlook despite lingering structural challenges. This is according to the World Bank’s Global Economic Prospects report released in January 2026, which aligns with the projection earlier published in its Nigeria Development Update (NDU) in October 2025. The Bretton Woods…