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Nigeria’s Senate Confirms 64 Ambassadorial Nominees

KEY POINTS The Senate has confirmed 64 career and non-career ambassadorial nominees submitted by President Tinubu Lawmakers raised concerns about the absence of nominees from Zamfara State, with assurances that more names will follow The nominations have drawn mixed reactions, with critics questioning the...
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Nigeria Orders Reopening of Unity Colleges After Security Shutdowns

KEY POINTS The federal government has ordered the reopening of all Unity Colleges closed over security fears Authorities say security agencies are working closely with schools to ensure student safety The education ministry says the academic calendar will remain intact despite the earlier shutdown Nigeria’s...

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Presco Profit Doubles on Strong Palm Oil Demand

Presco Plc reported over 100 percent profit growth in nine months, driven by strong palm oil demand, higher output, and improved efficiency.
Business

Best Forex Brokers in Nigeria

KEY POINTS When choosing a forex broker in Nigeria, look for regulation by a...
Business

Femi Otedola Sells ₦9.3 Billion Worth of Geregu Power Shares

Femi Otedola sells part of his Geregu Power stake worth ₦9.3 billion but maintains control as the company remains a key power market player.
Business

Dangote Plans to List Up to 10 Percent of Refinery Shares

Aliko Dangote plans to list refinery shares and expand output to 1.4 million barrels per day through global partnerships and investment.
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Moniepoint Raises $90 Million to Boost Global Expansion

Moniepoint raises $90 million to expand across Africa and Europe, strengthening its position as a leading force in African fintech innovation.
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Johnvents Launches ₦100 Billion Paper for Cocoa Expansion

Johnvents launches ₦100 billion commercial paper to expand cocoa processing, deepen exports, and strengthen Nigeria’s agribusiness capacity.
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Adebayo Ogunlesi Charts Africa’s AI Course From Roots

Adebayo Ogunlesi joins OpenAI and backs its African AI academy, channeling his infrastructure acumen into capacity building in Lagos and continental AI ambition.
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Nigeria’s Crude Output Reaches 454 Million Barrels in Nine Months

Nigeria’s crude oil production reached 454.28 million barrels in nine months, driven by condensate output despite periodic disruptions and maintenance delays
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Foreign Investors Back Nigeria’s Reform-Driven Economic Outlook

Investors at a Washington forum back Nigeria’s economic reforms, citing stronger FX markets, record reserves, and sustainable growth targets.
Business

Stanbic IBTC Backs UAC’s Full Takeover of CHI Limited

Stanbic IBTC backs UAC’s CHI Limited acquisition in a landmark deal set to reshape Nigeria’s fast-moving consumer goods market.
Business

Transcorp Power Reports 38 Percent Revenue Jump

Transcorp Power posts 38 percent revenue growth and 17 percent profit rise, reflecting higher power generation, cost efficiency, and expanding asset base.
Business

Seplat Co-Founder Austin Avuru’s Stake Surges Past $200 Million

Austin Avuru’s Seplat stake climbs to $202 million as the energy firm’s shares rise 10%, lifting its market value to $2.4 billion.
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Nigeria’s Senate Confirms 64 Ambassadorial Nominees

KEY POINTS The Senate has confirmed 64 career and non-career ambassadorial nominees submitted by...
News

Nigeria Orders Reopening of Unity Colleges After Security Shutdowns

KEY POINTS The federal government has ordered the reopening of all Unity Colleges closed...
News

Ngige Granted Bail After Week in Custody

KEY POINTS A Federal Capital Territory High Court has granted former labour minister Chris...
News

Nigeria Secures Release of Soldiers Held in Burkina Faso

Nigeria secured the release of detained air force personnel after President Tinubu sent a senior delegation to Burkina Faso for high-level diplomatic talks

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