Business

The Nigerian equities market dropped by N472billion on Monday as investors took profits in select stocks, yet overall market performance continues to reflect robust growth and investor confidence. The market capitalisation closed for trading at N94.526 trillion, about N472billion from N94.998 trillion it closed for trading last week. The equities market maintained a market capitalization of N94.53 trillion ($65.80 billion),…

Nigerian Exchange Limited (NGX) has reinforced its role as a catalyst for capital formation with the launch of Ellah Lakes Plc’s N235 billion Offer for Subscription.  The offer which was launched during a Facts Behind the Offer presentation at NGX, underscores the Exchange’s commitment to deepening access to long-term financing for businesses driving Nigeria’s real sector growth.  Ellah Lakes ,…

The Nigerian equities market dropped by N2.83 trillion in its Week-on-Week ((WoW) trading activities last week as November 2025 maintained bearish onslaught on investors profit-taking in fundamental quoted companies on the Nigerian Exchange Limited (NGX). The market capitalisation of listed equities declined by 2.89 per cent or N2.83 trillion to N94.998 trillion from N97.829 trillion it opened for trading activities…

Nigeria’s fixed income yields rose significantly last week on sell pressure across segments of the market, with total debt size jumping to N91.99 trillion, as investors demanded higher returns amid expectations of further monetary tightening by the Central Bank of Nigeria (CBN). Data released by FMDQ Group Plc for the week ended November 7, 2025, showed that the total debt…

The Eko Electricity Distribution Company (Eko Disco) has confirmed Rekhiat Momoh as its new Managing Director and Chief Executive Officer. In March 2024, the Board of EKEDC announced the appointment of Momoh as Acting Chief Executive Officer, effective March 26, 2024. The appointment followed the redeployment of the former MD/CEO, Tinuade Sanda, back to WPG Ltd, the core investor that…

  The Nigerian Communications Commission (NCC) has announced plans to host the inaugural edition of the Digital Awareness and Sensitization Fora, designed to strengthen policy, innovation, and infrastructure for Nigeria’s digital future. According to the Commission, the fora aim to create a conducive environment for building infrastructure that supports innovation and inclusion, while bridging policy and infrastructure gaps critical to…

  The National Information Technology Development Agency (NITDA) has described the successful conclusion of the 18th International Conference on Theory and Practice of Electronic Governance (ICEGOV 2025) as a landmark moment for Nigeria’s digital economy ambitions, citing its impact on research excellence, global collaboration, and the country’s digital transformation agenda. Hosted in Abuja under the patronage of President Bola Ahmed…

Exhibitors showcased a wide range of new products at the 8th China International Import Expo (CIIE) in Shanghai on November 6, 2025. Highlights included the agricultural tire ATO2 of Prometeon, making its debut in Asia, and the MR7700 multinuclear magnetic resonance scanner of Philips, which debuted in China. Several products made their global debut, including crystal products from Eleonora, a…

China plays a pivotal role in Siemens Healthineers’ global strategy, serving not only as a major market but also as a growing center of innovation, Bernd Montag, CEO of Siemens Healthineers AG, told Xinhua in a recent interview. With the continuous growth of China’s medical device market, Montag said China has become an integral part of Siemens Healthineers’ global network…

 United Bank for Africa (UBA) Plc, hosted another enlightening edition of the UBA Business Series, bringing together some of Africa’s most dynamic digital entrepreneurs and influencers to discuss the secrets behind building impactful online communities. This edition of the Business Series, which had the theme, “Content that Converts: Building Influence and Driving Growth Through Strategic Marketing,” was held at the…