Business

Experts in the Nigerian financial markets will gather virtually via Zoom on Saturday, October 3, 2026 for the 2026 fourth quarter Master Class where they would brainstorm on the potentials and risks facing the nation’s economy and equities’ market ahead of the year-end, and the 2027 general elections that begin in January. The Master Class with the theme: “The NGX-…

DP World is expanding its Nigerian trade and logistics footprint, with Tropical General Investments (TGI) Group set to acquire a 43 per cent stake in its Nigerian logistics business, days after the global ports operator signed agreements for a $7 billion-plus deep-sea port and special economic zone in Ogun State. The two developments mark a significant expansion of DP World’s…

Guaranty Trust Holding Company Plc (GTCO) on Monday  released its audited consolidated and separate financial statements for the period ended June 30, 2026, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). Group’s Total assets and shareholders’ funds closed at N18.6 trillion and N3.3trillion,  respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 34.9per cent (Bank 29.2per…

By Olatonmiwa Osho The National Information Technology Development Agency (NITDA) has won two awards at the 2026 International Public Relations Association (IPRA) Golden World Awards in Athens, Greece, for its work in artificial intelligence and crisis communication. The awards, received in collaboration with Image Merchants Promotion Limited (IMPR) and the Centre for Crisis Communication (CCC), were in the Artificial Intelligence…

Ogun State Governor, Prince Dapo Abiodun, has disclosed that construction work on the over $7 billion Gateway Deep Sea Port and Ogun State Blue Marine Special Economic Zone in Ogun Waterside Local Government Area will commence in November this year. Abiodun made the disclosure while addressing All Progressives Congress (APC) stakeholders in Ijebu East and Ijebu North Local Government Areas,…

…urges shift to higher-value AI jobs By Olatonmiwa Osho The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Abdullahi, has called for Nigeria to move beyond traditional outsourcing and embrace higher-value, AI-powered digital services to strengthen its position in the global digital economy. Abdullahi made the call during the “Hire from Nigeria” session organised by the Nigeria Economic…

By Olatonmiwa Osho  The National Information Technology Development Agency (NITDA) has called for a shift from simply training young people in digital skills to ensuring those skills translate into jobs, businesses and improved livelihoods across Africa. NITDA Director-General/CEO, Kashifu Abdullahi, made the call during a high-level panel on “Scaling Africa’s Digital Workforce” at the Digital Skills and Talent Session of…

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has revealed that Nigeria’s gross foreign exchange (FX) reserves has crossed $55 billion, describing the milestone as the highest in more than 18 years. Cardoso spoke on Tuesday after the monetary policy committee (MPC) meeting in Abuja. “We have been able to rebuild our reserves. And the whole conversation…

The Securities and Exchange Commission (SEC) will hold the 2026 National Capital Market Conference on October 19 in Abuja, with key stakeholders from the public and private sectors expected to deliberate on measures to deepen Nigeria’s capital market. The conference, scheduled for the Banquet Hall of the Presidential Villa, Abuja, will feature the launch of the Nigerian Capital Market Master…

Dangote Industries Limited President and Chief Executive Officer, Aliko Dangote, has said his fertiliser business will become the world’s largest and is scheduled for an initial public offering (IPO) in 2028. Dangote disclosed this during an interview at the Qatar Economic Forum, powered by Bloomberg, where he discussed the expansion of his fertiliser business and the group’s plans to increase…