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Heirs Energies Sees $186 Million Paper Gain on Seplat Stake

Heirs Energies records a $186.6 million paper gain on its Seplat stake as shares rise sharply following December acquisition.
Business

Dangote Plans July Share Sale for 650,000 Bpd Refinery

Aliko Dangote says Nigerians may buy shares in the Dangote refinery by July, opening the 650,000 bpd project to public investors.

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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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Latest articles

Business

Heirs Energies Sees $186 Million Paper Gain on Seplat Stake

Heirs Energies records a $186.6 million paper gain on its Seplat stake as shares rise sharply following December acquisition.
Business

Dangote Plans July Share Sale for 650,000 Bpd Refinery

Aliko Dangote says Nigerians may buy shares in the Dangote refinery by July, opening the 650,000 bpd project to public investors.
News

TCN Boosts Egbin Substation With New 300MVA Transformer

TCN increases Egbin Transmission Substation capacity to 450MVA with a new 300MVA transformer to strengthen electricity supply in Lagos.
Politics

APC Wins Five of Six FCT Councils, PDP Takes Gwagwalada

APC secures five FCT Area Councils in weekend polls as PDP wins Gwagwalada, highlighting competitive local politics in Nigeria’s capital.

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