Securing international funding for major urban transport systems requires passing detailed project evaluations. In a major step forward for urban mobility, the Lagos Metropolitan Area Transport Authority confirmed that the African Development Bank has formally started its appraisal process for…
Bridging the massive electricity metering gap in West Africa requires both technical hardware and a skilled workforce. To tackle this challenge, the Federal Government launched the Nigeria smart meter installer training program under its flagship Power Force initiative in Abuja.…
Securing large-scale private equity in energy markets requires demonstrating clear operational strength. In a major milestone for African capital markets, Dangote Petroleum Refinery and Petrochemicals has successfully concluded a $2.5 billion Dangote Refinery private placement. The private capital round attracted…
The Dangote Petroleum Refinery has restarted Naira Petrol Sales, abandoning its temporary dollar-based pricing while raising the ex-depot rate by ₦140 per litre. This follows a week of halted truck loading and dollar pricing that disrupted the downstream market and…
Managing stock portfolios through market cycles requires balancing long-term growth with short-term swings. After a three-day rally on the Nigerian Exchange, profit-taking halted the momentum. Driven by a pullback in major consumer goods shares, the Nigerian equities market downturn erased…
Choosing where to list a high-growth technology platform requires balancing global reach with proven market trust. In a strategic move for African financial technology, executive leadership confirmed that the Airtel Mobile Money London listing will move forward on the London…
When running a premier hospitality business, managing rising energy costs and inflation is a constant challenge. Yet, strong guest demand has pushed Ikeja Hotel financial growth into impressive territory this year. The listed hospitality company posted a pre-tax profit of…
In a decisive crackdown on economic sabotage, naval troops have dismantled a growing network of illegal refineries hidden deep in the Niger Delta backwaters. The successful Nigerian Navy crude oil theft operation took place across the Wakama/Bolo and Aworkiri communities…
Navigating energy sector reforms often requires balancing strict regulation with investor appeal. In a landmark achievement for West Africa’s largest energy producer, regulatory authorities completed a competitive bidding process in Abuja. The successful conclusion of the Nigeria 2025 oil licensing…
Retail outlets of the Nigerian National Petroleum Company Limited (NNPCL) have hiked the pump price of Premium Motor Spirit (PMS), commonly known as petrol. A market survey conducted by DAILY POST on Tuesday revealed that state-owned filling stations in Abuja…
First HoldCo has overtaken Zenith Bank as the highest-valued banking institution on the Nigerian Exchange (NGX), ending Monday’s trading session with a market capitalization of ₦4.797 trillion. According to market data analyzed by TheCable, First HoldCo’s valuation edged past Zenith…
The local equities exchange started the third week of July on a remarkably strong note as renewed investor optimism swept through trading floors. Strategic accumulation of industrial and financial assets pushed total NGX market capitalization growth up by 1.76 trillion…
Finding reliable income options remains a top priority for investors navigating Nigeria’s shifting economy. In a recent market filing, the Coronation Infrastructure Fund delivered reassuring news by posting a strong net income of 791.5 million naira for the first half…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) have stated that marketers have temporarily halted loading petrol at the Dangote refinery. IPMAN’s Western Zone Chairman, Oyewole Akanni, verified the situation during an interview with the News Agency of Nigeria (NAN).…
Finding quality shelter remains a major hurdle for urban families across Nigeria. However, state leaders are stepping up to bridge the deficit. The Enugu State Executive Council recently approved the construction of 19,000 new Enugu affordable housing units across two…
