Business

The Honourable Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, on Thursday visited the starting point, or Kilometre Zero, of the landmark Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline Project. He was accompanied by the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, and the Company’s Executive Vice President for Gas, Power, and New Energy, Olalekan Ogunleye.…

The Central Bank of Nigeria’s (CBN) in its Business Expectations Survey (BES) for November 2025 disclosed that Nigeria’s business environment is projected to strengthen steadily over the next six months, with confidence expected to rise to one of its highest levels in recent years. According to the  survey , the  business confidence, which stood at moderate levels in November, is…

Access Holdings Plc has secured shareholder approval to raise up to N40 billion in fresh equity capital through a private placement. The lender disclosed this in a corporate filing on the Nigerian Exchange (NGX) on Thursday. The filing, signed by the company secretary and a director, disclosed that the approval was granted at the company’s Extraordinary General Meeting (EGM) held…

The equities market on Thursday closed on a positive note by N332 billion gain, extending its winning streak to six consecutive trading sessions. The Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 520.23 basis points or 0.35 per cent, to close at 150,363.05 points. Similarly, the overall market capitalisation value gained N332 billion to close at N95.857 trillion. Market…

Shareholders of FCMB Group Plc have approved a capital raise of up to N400 billion to meet the recapitalisation mandate by the Central Bank of Nigeria (CBN). TThe approval was given during the bank’s Extraordinary General Meeting (EGM) on Monday, December 8, 2025. Following the approval, FCMB Group commits to meeting the minimum regulatory capital for banks with an international…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has reaffirmed Nigeria’s commitment to open governance, transparency and inclusive digital development as the Open Government Partnership (OGP) team presented awards and certificates won by the country at the OGP Global Summit Spain 2025. Nigeria emerged as the overall global winner in the Digital Governance category for deploying…

Nigeria has unveiled a comprehensive, multi-pronged strategy to localise the World Summit on the Information Society (WSIS)+20 commitments, reinforcing efforts to accelerate national digital transformation through improved infrastructure, transparent internet governance and strengthened cybersecurity driven by multi-stakeholder collaboration. The strategy was unveiled in New York at a Nigerian high-level side event titled “Re-Imagining Digital Cooperation for Sustainable Development: From WSIS+20…

The Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has disclosed that the commission has commenced the disbursement of the N758 billion bond approved by the Federal Government. Oloworaran spoke at the Pension Revolution Summit in Abuja, disclosing that the bond, approved by President Bola Tinubu in February, had already been cashed. According to her, pension assets in…

Lagos ports have strengthened Nigeria’s export-focused economic agenda following a robust performance by the Nigerian Ports Authority (NPA) in the third quarter of 2025. Data released by the NPA showed that total cargo throughput rose to 33.52 million metric tonnes in Q3 2025, representing a 16.2 per cent increase from the 28.84 million metric tonnes recorded in the same period…

The Nigerian National Petroleum Company (NNPC) Limited says coordinated containment measures have been successfully executed at the site of the Escravos-Lagos pipeline explosion. The NNPC had recently reported an explosion on its Escravos-Lagos pipeline. The company said the incident occurred on December 10, near Tebijor, Okpele, and Ikpopo communities in Gbaramatu Kingdom, Delta state. Providing updates in a statement on…