Ogochukwu Onwaeze, THEWILL

Market closes lower: ASI fell 0.29 percent to 239,351.16, while market cap declined by ₦444bn to ₦154.533tn. Negative breadth: 26 stocks declined against 22 gainers, reflecting cautious investor sentiment. RT Briscoe leads gains: The stock rose 9.63 percent,...

Aliko Dangote has offered East African countries a combined 30 percent equity stake in his planned refinery in Lamu, Kenya. Kenya is considering a 10 percent stake worth about $500 million, while Ethiopia and Rwanda have also expressed...

The Nigerian Economic Summit Group projects Nigeria’s external reserves will rise to about $53bn by December 2026, supported by stronger oil production, favourable crude prices and improved foreign exchange inflows. NESG expects the economy to grow by 4.2...

Tony Elumelu’s Heirs Holdings stake in Seplat Energy has more than doubled in value to over $1bn, less than eight months after the investment was made. Heirs Holdings acquired a 20.07 percent stake in Seplat for about $500m...

Dangote Cement’s Ibese plant says it sanctioned more than 250 truck drivers for safety violations between 2025 and 2026, including over-speeding, illegal haulage and proxy driving. About 200 drivers were sanctioned in 2025, while more than 50 have...

Market capitalisation declined by ₦440 billion, from ₦155.417 trillion at the opening to ₦154.977 trillion at the close. The NGX All-Share Index fell by 712.67 points, from 240,750.47 to 240,037.80, a 0.30 percent decline. Market breadth remained negative,...

A foreign TV programme mocked Nigeria over its unfinished projects, but the criticism struck a nerve with Ibrahim Babangida. After becoming military president, Babangida made the stalled Third Mainland Bridge a top priority in a bid to prove...

Tinubu’s offshore tax incentives could unlock $50bn in investments and push Nigeria’s oil output up by nearly 1mbpd. Nine deep offshore projects are lined up for FIDs, with $10bn Bonga South expected to lead the new production wave...

Apapa Area Command of the Nigeria Customs Service collected a record N28.10bn in a single day on August 18, 2026, its highest daily revenue ever. The new record surpassed the previous N20.1bn daily collection achieved in September 2025. ...

Japan, through JICA, has committed N20bn to strengthen Nigeria’s electricity transmission network, with the Apapa Transmission Substation in Lagos among the major beneficiaries. The 2.35 billion yen funding will cover construction, equipment procurement, engineering services, operational training and...