Seplat Energy Agrees $281.6 Million Sale of 10% Stake in NNPC Joint Venture Assets
Seplat Energy Plc has signed a legally binding agreement to sell a 10 per cent working interest in its joint...
Nigeria’s Dairy Deficit Hits 60% as MAN Raises Concern Over $1.5bn Import Bill
The Manufacturers Association of Nigeria (MAN) has raised concerns over the poor state of Nigeria’s dairy industry, warning that structural...
Insurers Risk Licence Loss as NAICOM Recapitalisation Deadline Expires
Nigerian insurance companies that have failed to meet the new recapitalisation requirements risk losing their operating licences as the deadline...
FCMB Group Doubles Half-Year Profit Before Tax to N157.3 Billion
FCMB Group Plc has reported a 99 per cent year-on-year increase in profit before tax (PBT) to N157.3 billion for...
United Capital Says PenCom Reforms Could Unlock Over N2 Trillion for Nigerian Equities
The Group Chief Executive Officer of United Capital Plc, Peter Ashade, has said the revised Retirement Savings Account (RSA) investment...
U.S. Stocks Surge as Microsoft Fuels AI Rally Despite Fed Rate Concerns
U.S. stocks rallied sharply on Thursday, led by a record-breaking surge in Microsoft shares, even as investors remained cautious over...
Shell Q2 Profit More Than Doubles to $9.84 Billion on Higher Energy Prices
Shell has reported a sharp rise in second-quarter profit, with net earnings more than doubling year-on-year to $9.84 billion, driven...
Power Restored Across Several Parts of Kenya After Widespread Outage
Electricity has been restored in several parts of Kenya following a widespread power outage that affected multiple regions on Wednesday...
Nigeria’s Crude Oil Export Earnings Fall 14.4% to $31.54bn – CBN
The Federal Government’s crude oil export earnings fell by 14.41 per cent to $31.54 billion in 2025, down from $36.85...
Otedola Boosts First HoldCo Stake With ₦222.2bn Share Purchase
Billionaire businessman Femi Otedola has further increased his investment in First HoldCo Plc after a related company acquired 1.77 billion...
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