Business

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...

On October 1, 2026, Meta will begin charging companies for every single message sent on the WhatsApp API, killing the free 24-hour reply window. Across Africa, where WhatsApp effectively functions as the default internet, this change turns basic...

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...