Business

Chams Holding Company Plc has listed an additional 1.956 billion ordinary shares of 50 kobo each on the Nigerian Exchange Limited (NGX), following a private placement at N1.87 per share. The listing, effective November 17, 2025, increases the company’s total issued and fully paid-up shares from 4.696 billion to 6.651 billion, raising N3.658 billion to support equity funding and technical…

The Renewed Hope Initiative, in collaboration with the National Information Technology Development Agency (NITDA), has concluded the Women ICT Training Empowerment Programme with a closing ceremony held at the Banquet Hall of the Presidential Villa, Abuja. The event was hosted by the First Lady and National Chairman of the Initiative, Senator Oluremi Tinubu. In her remarks, the First Lady congratulated…

The Managing Director/Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Kuku, on Thursday received the Consul General of the United Arab Emirates (UAE) in Lagos during a courtesy visit to the agency’s headquarters in Lagos. During the meeting, the Consul General reiterated the UAE’s commitment to strengthening collaboration with Nigeria, particularly in the aviation sector. He…

The Nigerian equities market on Thursday extended its downward trajectory with a loss of N292 billion, as investors continued year-end profit-taking and portfolio adjustments. The Nigerian Exchange Limited All Share Index (NGX ASI) lost by 458.98 basis points or 0.32 per cent to close at 144,187.03 basis points, while the market capitalization declined by N292 billion to close at N…

The NNPC/Seplat Joint Venture commissioned and formally handed over a fully integrated Power System and Underground Cabling Project to the Nigerian Content Development and Monitoring Board (NCDMB) at the Nigerian Oil and Gas Industrial Parks Scheme (NOGAPS 1) in Odukpani, Cross River State. Senior officials from the NNPC Upstream Investment Management Services (NUIMS), Seplat Energy Producing Nigeria Unlimited (SEPNU), and…

The Naira at the Nigerian Foreign Exchange Market (NFEM) appreciated by 0.48 per cent to close on Wednesday at N1,451 against the dollar from N1,458 against the dollar it closed for trading on Tuesday.   However, the overnight lending rate contracted by 18 basis points to 24.9per cent in the absence of any significant inflows into the system. Activities in…

The Nigerian equities market on Wednesday extended its bearish run for the third consecutive session this week, despite the easing concerns around the revised Capital Gains Tax (CGT). The Nigerian Exchange Limited All Share Index (NGX ASI) shed 340.50 points, or 0.23 per cent to close at144,646.01 basis points. Accordingly, market capitalisation lost N217 billion to close at N92.002 trillion.…

The Nigeria Civil Aviation Authority (NCAA) has fined Qatar Airways N5 million for consumer protection-related infractions. On September 19, the NCAA accused Qatar Airways of violating consumer protection regulations and treating Nigerian passengers with contempt. The authority warned that stiff sanctions would be imposed on the airline and others who continue to disregard aviation laws. In a post on X…

Ecobank Nigeria has reaffirmed its dedication to driving social impact, empowering young people, and promoting Pan-African creativity through strategic initiatives, partnerships, and community-focused programmes. This was emphasized ahead of the Lineage of Masters’ tour of the ongoing Lagos Pop-Up Museum, scheduled to hold at the Ecobank Pan African Centre (EPAC) on Saturday, 22 November 2025, as part of the exhibition’s…

Retail investors bucked the market slowdown in October as activity on the Nigerian Exchange (NGX) declined across major investor categories. According to the latest Domestic and Foreign Portfolio Investment (FPI) report, retail participation rose by 19.08per cent month-on-month, increasing from N278.57 billion in September to N331.71 billion in October. In contrast, institutional investor activity weakened significantly, falling by 46.17per cent…