Ogochukwu Onwaeze, THEWILL

The proposal emerged during a high-level meeting between the Minister of Power, Joseph Tegbe, and TBEA executives at the company’s headquarters in Beijing.

The figure rose from N1.86 trillion in H1 2025, reflecting a significant increase in the value of agricultural, mineral and other raw materials shipped out of the country.

The Centre for the Promotion of Private Enterprise estimates that restoring universal petrol subsidy could cost the government N19.16tn annually The think tank warns that the potential N52.5bn daily bill could crowd out spending on infrastructure, healthcare CPPE...

The offer comprises 4.1 billion new ordinary shares priced at N525 each, according to a statement issued by the company on Sunday. The minimum subscription is 10 shares, costing N5,250.

Market capitalisation stood at N158.33 trillion at the end of July before rising to a record N160.42 trillion on August 10. The market subsequently came under sustained selling pressure, with the All-Share Index (ASI) recording 10 consecutive losing sessions.

The Nigerian Exchange Limited (NGX) closed Friday’s session on a firmer footing, as renewed buying interest across selected equities lifted the All-Share Index (ASI) by 674.61 points.

Diesel prices in the United States have crossed $6 per gallon for the first time, highlighting the growing inflationary impact of the global energy supply shock.

The figures, contained in OPEC’s September 2026 Monthly Oil Market Report, showed that Nigeria’s crude production averaged 1.50 million barrels per day (mbpd) in August, compared with 1.505mbpd in July.

GTCO, Access Holdings, United Bank for Africa and Fidelity Bank secured extensions from the Nigerian Exchange Limited to September 30 to submit their audited half-year results.

Nigeria’s imports from China increased from ₦5.10 trillion in the first quarter of 2026 to ₦5.92 trillion in the second quarter, according to the latest Foreign Trade in Goods Statistics from the National Bureau of Statistics.