Tony Elumelu Gets Appointed as a Non-Executive Director on the board of Seplat Billionaire businessman and banker Tony Elumelu has just been appointed as the non-executive director on the board of Seplat Energy PLC, following the acquisition of 20% shares…
One million Nigerians at risk as WFP plans major food aid cuts in Northeast The situation in Northeast Nigeria has reached a point where we can no longer afford to speak in whispers. For years, the region has been a…
Concerns about changing fraud threats in the banking and payments industry have been voiced by the Central Bank of Nigeria (CBN), which has warned that thieves are using increasingly advanced techniques. Speaking at the 2026 Nigeria Electronic Fraud Forum (NeFF)…
Barau Jibrin awards scholarships to thousands of Kano North students. Join our WhatsApp community Education is often called the great equalizer, but in the current economic climate of Nigeria, it can feel more like a luxury for many families. This…
The Federal Government intends to raise up to N900 billion from its bond sale in January 2026 as part of a major increase in domestic borrowing. The sum is twice as much as the N450 billion it set as a…
Major listed brewers in Nigeria generated a combined revenue of over N1.54tn from the sale of beer and other non-alcoholic drinks in the first nine months of 2025, indicating the estimated amount spent by Nigerians on brewery products during the…
NCC licenses six new ISPs to shake up Nigeria’s internet market The internet space in Nigeria is about to get even more interesting. The Nigerian Communications Commission just added six new names to the list of Internet Service Providers allowed…
Nigeria credit market shows more loans but more heartaches as defaults rise. CBN If you have been following the Nigerian financial space lately, you would notice a very interesting but tricky dance happening between our banks and borrowers. The Central…
Oil marketers confirm Dangote petrol is the most affordable in Nigeria. Join our WhatsApp community For every Nigerian who has spent the last few months checking fuel prices like they are watching stock market charts, there is finally some clarity…
NCC satellite D2D technology to connect 23 million Nigerians For many Nigerians living in rural communities or riverine areas, the sight of a mobile phone often brings more frustration than joy. We have all been there before, standing on top…
Billionaire Banker, Tony Elumelu’s Heirs Energies Doubles its Crude Oil Production to 50,000 BPD to Improve Oil Sector Security Nigeria’s billionaire banker, Tony Elumelu, has seen his oil production company, Heirs Energies, steadily increase its crude oil production output from…
Geregu Power set to share N22.5 billion among shareholders as earnings hit the roof If you are looking for some good news to start your weekend, look no further than the power sector. In a move that has sent excitement…
Naira Exchange Rate Improves As Nigerian Currency Strengthens Against Dollar The Nigerian exchange rate ended the week on a positive note on Friday, as the naira strengthened against the dollar at the official foreign exchange market. This data, released by…
CBN Recapitalization Update: 20 Banks Meet Capital Requirements Ahead of Deadline Join our WhatsApp community The Central Bank of Nigeria’s recapitalization exercise has recorded fresh progress as 20 commercial banks have so far met the required capital thresholds. This was…
The Securities and Exchange Commission (SEC) has formally announced an increase in minimum capital requirements for all categories of capital market operators (CMOs). In a Friday circular, the SEC stated that the need to improve investor protection and market resiliency…
