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Taiwo Afolabi ties SIFAX to Nigerian Navy on maritime security

SIFAX Group chairman Taiwo Afolabi has formalised a security partnership with the Nigerian Navy, opening the conglomerate's infrastructure to naval intelligence operations along Lagos shipping lanes.
Business

BUA Cement drives N649 billion surge on Nigerian Exchange

BUA Cement spearheaded a N649 billion surge on the Nigerian Exchange, reversing a two-day losing streak as investors returned conviction buying to blue-chip names after full-year 2025 results.

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Business

Alakija Gives $23 Million Teaching Hospital to Osun University

Folorunso Alakija says the $23 million teaching hospital she donated to Osun State University is a long-term investment in healthcare and medical education.
Business

Zenith Bank Rally Lifts Jim Ovia’s Stake by $13 Million

A fresh rally in Zenith Bank shares has added more than $13 million to Jim Ovia’s stake, underlining renewed confidence in Nigeria’s banking sector.
Business

Ladi Jadesimi’s Aradel Stake Loses $5.9 Million as Shares Slide

A recent decline in Aradel Holdings Plc shares shaved nearly $6 million off the market value of chairman Ladi Jadesimi’s stake, highlighting shifting sentiment in Nigeria’s energy stocks.
Business

Flutterwave CEO Signals Path to Profit After Cost Reset

KEY POINTS Flutterwave profitability is now in sight after cost cuts and margin gains. ...
Business

Chappal Energies Secures $430 Million Financing to Refinance

Chappal Energies closed $430 million in reserve-based loans, refinancing its Equinor Nigeria deal and strengthening long-term funding for African oil assets.
Business

FCMB Wins Shareholder Backing for $274 Million Capital Raise

FCMB shareholders approved a major capital raise, strengthening buffers as Nigeria’s banking regulator tightens requirements ahead of 2026.
Business

Nigerian-Linked Investor Battles Zambia Regulator Over Stake

A Nigerian-linked firm says a settled share purchase vanished after Zambia’s central bank refused recognition and liquidated the lender.
Business

NSIA Redefines Mandate With Systems-Building Push

Nigeria’s sovereign wealth fund is evolving beyond savings, using capital and governance to fix structural gaps across healthcare, energy, innovation and housing.
Business

Tinubu Heads to Parliament with 2026 Budget

KEY POINTS President Tinubu is set to present the 2026 budget at a joint...
Business

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...
Business

Nigeria’s Textile Imports Surge 47 Percent as Revival Push Falters

Nigeria’s textile imports jumped sharply in 2025, exposing deep weaknesses in local production despite repeated government pledges to revive the once-thriving industry.
Business

Transcorp Hotels Names Awele Elumelu as Board Chair From 2026

Transcorp Hotels appoints Awele Elumelu as chair, signaling a strategic shift toward wellness-driven hospitality and diversified revenue growth.
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Business

Taiwo Afolabi ties SIFAX to Nigerian Navy on maritime security

SIFAX Group chairman Taiwo Afolabi has formalised a security partnership with the Nigerian Navy, opening the conglomerate's infrastructure to naval intelligence operations along Lagos shipping lanes.
Business

BUA Cement drives N649 billion surge on Nigerian Exchange

BUA Cement spearheaded a N649 billion surge on the Nigerian Exchange, reversing a two-day losing streak as investors returned conviction buying to blue-chip names after full-year 2025 results.
News

Boko Haram Launches Midnight Attack on Military Outpost in Maiduguri

KEY POINTS Suspected Boko Haram insurgents attacked a military outpost in Ajilari near Maiduguri...
Business

Nigerian Breweries, Guinness Raise Product Prices as Rising Costs Bite

KEY POINTS Nigerian Breweries Plc and Guinness Nigeria have announced price increases on selected...

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