The Nigerian Inquirer

HomeBusiness

Business

News

Otedola: First HoldCo Restructuring May Be Disruptive, but It’s Essential for Long-Term Growth

KEY POINTS Otedola says First HoldCo’s restructuring may cause disruption but is necessary for long-term stability. The group has taken a major profit hit after cleaning up N748bn in non-performing loans. Otedola reaffirms commitment to building a transparent, sustainable, world-class financial institution Femi Otedola, chairman...

February 4, 2026

News

NECO Releases 2025 SSCE Results, Records 72% Pass in English and Mathematics

KEY POINTS NECO recorded a 72% pass rate in English and Mathematics in the 2025 SSCE. Over 9,000 candidates were sanctioned for malpractice, with supervisors and centres punished. More than 71% of candidates achieved five credits including English and Mathematics. The National Examinations Council NECO,...

February 4, 2026

Keep exploring

Business

Tony Elumelu Boosts UBA Stake Above 16 Percent

Tony Elumelu has raised his UBA stake above 16 percent as the bank pushes new rights issues and reports stronger earnings.

September 19, 2025

Business

Taiwo Afolabi Expands Community Projects, SAHCO Stake

SIFAX Group founder Taiwo Afolabi has commissioned new projects in Ogun State while his aviation unit SAHCO posts soaring profits and a higher valuation.

September 17, 2025

Business

United Nigeria Airlines Strikes Boeing Deal With Southwest

United Nigeria Airlines Boeing fleet deal with Southwest boosts expansion, adding six aircraft and technical support for regional and global operations.

September 9, 2025

Business

NAFDAC Seals Illegal Factories, Arrests Chemical Producer in Abuja

NAFDAC arrests chemical producer and seals illegal water and rice factories in Abuja amid safety crackdown.

September 5, 2025

Business

Custodian Investment’s Stock Surge Lifts Wole Oshin’s Stake

Custodian Investment stock surge lifts Wole Oshin’s stake to $43 million, reflecting strong investor confidence in Nigeria’s insurance sector.

September 5, 2025

Business

Dangote Refinery Halts Gasoline Unit After Technical Glitch

The $20B Dangote Refinery halted its gasoline unit after technical faults, delaying U.S. exports and pushing up refining margins in the Atlantic Basin.

September 4, 2025

Business

TY Danjuma’s South Atlantic Petroleum Signs $10 Million Oil Deal

TY Danjuma’s South Atlantic Petroleum signs $10 million deepwater oil deal with NUPRC and TotalEnergies, boosting Nigeria’s upstream sector.

September 2, 2025

Business

Air Peace And Embraer Will Build A Maintenance Hub In Lagos

Air Peace and Embraer are working together to create a repair hub in Lagos. This will lower the cost of servicing planes from other countries and allow direct flights between Nigeria and Brazil starting in 2025.

August 29, 2025

Business

Access Holdings Appoints Innocent Ike as Group CEO

Access Holdings appoints Innocent Ike as Group CEO after regulatory approval, with Bolaji Agbede returning to her executive director role.

August 28, 2025

Business

Tinubu Halts Raw Shea Exports to Spur Local Processing

Nigeria suspended raw shea exports to expand local processing, create jobs, and capture more value in the $6.5 billion global shea market.

August 27, 2025

Business

Dangote Refinery and Japan’s Mitsui Signed A Petrochemicals Deal

Dangote refinery enters a contract with Mitsui to increase Nigeria's petrochemicals, focusing on resins, plastics, and fertilizers, while lowering Africa's expensive imports.

August 25, 2025

Business