Business

The African Rural and Agricultural Credit Association (AFRACA), in collaboration with NIRSAL Plc and other partners, has convened finance-sector professionals from across Africa in Lagos for the AFRACA Masterclass on Inclusive Finance for Climate Resilience and Artificial Intelligence for Financial Services and Agricultural Finance.

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...

The NPS is not simply another payment platform. It represents NIBSS’ attempt to build the infrastructure for what payments in Nigeria will look like tomorrow.

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,...

Chevron Nigeria’s Jim Swartz joins the NESG board, bringing more than three decades of experience in energy operations, investment and executive leadership.

Official figures from the National Bureau of Statistics indicate Nigeria’s energy inflation dropped to 4.37 percent in July, hitting a four-month low. A brief decline in international crude oil benchmarks permitted the Dangote Refinery to reduce its wholesale...