Business

The nine material cases met the ₦100 million materiality threshold and relate to disputes arising in the ordinary course of the refinery’s operations.

The Minister of Power, Joseph Tegbe, disclosed this during engagements with Chinese companies in Beijing as part of an ongoing Nigeria-China power sector mission.

Nigeria’s $337 billion climate financing requirement puts the spotlight on private capital, bankable projects and whether its green ambitions can deliver jobs and economic growth.

Mumuni Dagazau, Executive Vice President, Downstream, NNPC Limited, disclosed this on Thursday in Abuja during the commissioning of a technology-driven service station with electric vehicle charging facilities on Bill Clinton Drive, Airport Road.

Nigeria has been urged to measure FDI by actual capital deployment rather than investment announcements. Experts say jobs, technology transfer, exports and local supply-chain participation should be key measures of success. Policy uncertainty, regulatory complexity and infrastructure constraints...

The company plans to sell 4.1 billion shares at ₦525 each, potentially raising about ₦2.15 trillion, with the offer targeting millions of retail investors. Trading is expected to begin on the Nigerian Exchange in November.

On December 30, 2025, Elumelu’s Heirs Energies bought Maurel & Prom’s 20.07% stake in Seplat Energy for $496 million, acquiring 120.4 million shares at 305 pence each.

The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s Distinguished Organisation Award, with the professional body recognising reforms undertaken by the apex bank across Nigeria’s monetary, foreign exchange and financial sectors.

Market capitalisation rose from N157.049 trillion at the opening to N157.150 trillion at the close, representing a N101 billion increase.

Brent crude, the international benchmark, rose to around $105.21 per barrel, gaining more than 4 percent from $100.57 on Wednesday.