The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has expressed concern over the rising number of suspicious cryptocurrency-related transactions in West Africa, citing a report by GIABA that recorded $2.1 billion in such activities across the region…
FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, held recently in London. This marks FirstBank’s second…
Guaranty Trust Holding Company Plc (GTCO) has completed the cancellation of its Global Depositary Receipts (GDRs) listing on the London Stock Exchange (LSE). The company said in a notice filed at the Nigerian Exchange Group (NGX) that the shift from…
Abuja, July 30, 2025(NAN)The African Development Bank (AFDB) says it has committed 1.2 million dollars grant to support the feasibility study of the Nigeria Battery Energy Storage System (BESS). The grant is under AfDB’s under Energy Transition Catalyst Programme Dr…
The Corporate Affairs Commission (CAC) has threatened to delist 100,000 companies from its register over prolonged inactivity and non-compliance with statutory requirements under the Companies and Allied Matters Act (CAMA). The move forms part of the Commission’s broader effort to…
The Debt Management Office (DMO) has announced the completion of its Federal Government bond auction, with about ₦186 billion allotted across two reopened bond offerings. According to figures released on the DMO website, the auction fetched ₦39.075 billion in total…
Samsung Electronics shares came under pressure on Tuesday, following a rally the previous day after the South Korean technology company clinched a $16.5 billion deal to supply artificial intelligence chips to Tesla, according to a Reuters report. Tesla CEO Elon…
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has reaffirmed the Federal Government’s commitment to promoting domestic investment and addressing the challenges faced by local investors. She noted this over the weekend during a visit to the $20…
The United States and the European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 per cent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade…
The Founder of the Dangote Group, Aliko Dangote, has hailed President Bola Tinubu as a listening president whose policies are restoring investor confidence in Nigeria’s economy. Dangote made the remarks over the weekend during a visit by the Minister of…
Dangote Cement Plc has announced board changes following its meeting held on July 25, 2025. The Board approved the appointment of Mr. Emmanuel Ikazoboh as the new Chairman, following the retirement of Mr. Aliko Dangote, GCON, as Director and Chairman…
Africa’s richest man, Aliko Dangote, has retired as the Chairman of the Board of Directors of Dangote Cement Plc. In a statement on Friday, a spokesman for the company, Anthony Chiejina, said the retirement took effect from July 25, 2025.…
The House of Representatives Committee on Petroleum Resources (Downstream) has launched a probe into the issues affecting the nation’s downstream oil sector. Among other things, the committee is expected to probe the controversial turnaround maintenance of the country’s refineries, the…
The Chairman of the Senate Committee on Local Content, Senator Joel-Onowakpo Thomas, has demanded full compliance with Nigeria’s Local Content laws across both the oil and gas and non-oil sectors, warning that defaulters will face strict sanctions. Briefing journalists in…
In a significant move to bolster food security and strengthen the agricultural sector, Lagos State Governor Mr. Babajide Sanwo-Olu announced the launch of the ‘Produce for Lagos’ programme on July 23, 2025, accompanied by a ₦500 billion Offtake Guarantee Fund.…