Business

The ASI opened at 246,388.22 points and closed at 246,992.44 points, representing a 0.25 percent gain.

Dangote Group disclosed the approval on Friday, bringing the refinery closer to what is expected to be one of Africa’s largest equity offerings. At the offer price, the shares are worth about ₦2.15 trillion if fully subscribed.

The assessment is designed to establish where each company currently stands on climate readiness and identify the gaps that need to be addressed before firms can set credible targets and implement transition plans.

Investors submitted N3.35 trillion worth of bids for Treasury bills valued at N700 billion, representing demand of almost five times the amount offered by the CBN.

Nigeria’s energy investment could double within the next five years following the country’s admission as an associate member of the International Energy Agency, IEA Executive Director Fatih Birol has said.

African agriculture and livestock ministers have called for increased investment, stronger regional trade and better value chains to unlock the continent’s livestock potential and reduce dependence on food imports.

Brent crude climbed towards $100 per barrel as US sanctions and disruptions to Iranian oil exports tightened global supply concerns. Iranian crude loadings have plunged to about 260,000 barrels per day from 1.7 million bpd a year ago,...

Vertiv has agreed to acquire UtilityInnovation Group for up to $2.6 billion, expanding its ability to manage power supplies for data centres as electricity demand from artificial intelligence grows.

The development was contained in FTSE Russell’s September Index Review, following the index provider’s decision to restore Nigeria’s market classification after three years as an “Unclassified Market”.

The ASI opened at 246,019.17 points and advanced to 246,388.22 points at the close, representing a gain of 369.05 points.