Business

Federal Government launches a ₦1.1 trillion FGN bond offer through the Debt Management Office (DMO) to raise long-term domestic financing. Three bond re-openings with coupon rates of 22.60%, 16.2499% and 15.45% will be auctioned on August 17, with...

The Federal Government approved tax waivers for nearly 4,000 electric vehicles imported into Nigeria in the first half of 2026. Nigeria is pushing electric mobility towards its 2050 target despite unreliable electricity and only about 48 public charging...

Former Airtel Africa chief Segun Ogunsanya joins Vodacom Group as an independent non-executive director. Group Chairman Saki Macozoma will retire in July 2027 after a decade of leading the board. Lead Independent Director Khumo Shuenyane steps up as...

African online retailer Jumia has secured 50 million dollars in fresh cash to keep its business growing. The World Bank's private sector unit, IFC, put up half the funds while telecom group Axian backed the rest. The financial...

The Central Bank of Nigeria raised interest rates on its one-year Treasury bill to 17.59% at Wednesday's auction. Investors flooded the bank with ₦4.4 trillion in total bids even though only ₦700 billion was originally put up for...

ECOWAS is turning to carbon trading to tackle a $294bn climate finance shortfall threatening West Africa’s development. About 32 million people could be forced into internal displacement as rising temperatures intensify climate pressures across the region. The bloc...

The SEC has fixed 5:00 p.m. on the first business day after a trade as the settlement deadline for equities and commodities transactions cleared through CSCS. Foreign portfolio investors will not be required to pre-fund trades, but brokers...

Market capitalisation declined by N1.762tn, from N159.255tn at the opening to N157.493tn at the close. The NGX All-Share Index fell by 2,756.48 points, from 246,723.57 to 243,967.09. The session recorded 28 gainers and 28 decliners, reflecting a mixed...

Ogbe orders process reforms as NCDMB launches digital compliance portal to eliminate delays in Nigerian Content Fund certification. Over $400m deployed to more than 130 indigenous companies, with Nigerian content participation now above 60 per cent. Board shifts...

Nigeria’s crude oil production remained above 1.5 million barrels per day for the third consecutive month in July despite a 50,000bpd decline from June. OPEC data showed Q2 output averaged 1.525 million bpd, up from 1.388 million bpd...