Ogochukwu Onwaeze, THEWILL

Delta, Bayelsa and Akwa Ibom shared N242.63 billion in the first quarter, accounting for about 75.4 percent of the N321.90 billion derivation funds distributed to Nigeria’s 11 oil-producing states. Delta emerged as the biggest beneficiary with N101.60 billion,...

The Federal Government has identified a $3.4 billion red meat export market as a major opportunity for Nigeria’s livestock sector, with Cross River being positioned as a potential export hub. The government plans to establish an abattoir ecosystem...

Dangote Refinery supplied more than 400,000 tonnes of jet fuel to Europe in July, accounting for about 20 per cent of the continent’s total jet fuel imports, according to Kpler. Europe imported about 2.06 million tonnes of jet...

Nigerian equities market added ₦192 billion on Thursday as gains in FCMB, Eterna and AVACAP lifted the benchmark index despite a negative market breadth. Twenty-four stocks advanced against 35 decliners, highlighting continued selective buying amid sustained profit-taking across...

Aradel Holdings and Seplat Energy generated a combined ₦1.54 trillion in pre-tax profit during the first half of 2026. Aradel's current tax charge almost matched its entire pre-tax earnings following the consolidation of ND Western Despite the tax...

Nigeria is positioning 22 major offshore projects to attract between $30 billion and $50 billion in fresh investments over the next five years. The investment drive is expected to boost crude production, create jobs, expand infrastructure and strengthen...

The Rural Electrification Agency has expanded its nationwide renewable energy programme to 60.82MW across six states. The latest 13.92MW interconnected hybrid solar project in Yobe builds on earlier projects in Kogi, Rivers, Adamawa, Kebbi and Plateau. REA says...

Nigerian equities market adds ₦71 billion as buying interest in insurance stocks keeps the benchmark index in positive territory. LINKASSURE, AVACAP and FTGINSURE lead the gainers’ chart, while losses in Honeywell Flour, PZ and ZICHIS weigh on market...

Muhammadu Indimi has asked the Court of Appeal to join Oriental Energy’s appeal against the $43.51 million judgement awarded to his twin daughters. The dispute centres on claims that Zara and Ameena Indimi’s combined shareholding in the company...

CBN says reforms have reduced the gap between official and Bureau de Change exchange rates to below two per cent. External reserves remain above $52 billion despite a recent pullback, with the apex bank citing stronger investor confidence. ...