Tag: Business

Profit-Taking Drags NGX Down By N515b
February 27, 2026 No Responses

Profit-Taking Drags NGX Down By N515b

The Nigerian stock market sustained skidding profile on Thursday, declining by 0.41 per cent and wiping out N515 billion in investors’ wealth.Sustained profit-taking in consumer goods, banking and insurance stocks weighed heavily on the market, with notable declines recorded in...
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Seplat Energy Posts 144% Revenue Growth, Raises Dividend by 52% In 2025
February 27, 2026 No Responses

Seplat Energy Posts 144% Revenue Growth, Raises Dividend by 52% In 2025

Seplat Energy Plc, listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the year ended 31 December 2025, reporting strong operational and financial performance driven by its first full year of offshore...
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Apapa Customs Strengthens Synergy With Nigerian Navy
February 27, 2026 No Responses

Apapa Customs Strengthens Synergy With Nigerian Navy

The Apapa Area Command of the Nigeria Customs Service has reaffirmed its commitment to deepening inter-agency collaboration with the Nigerian Navy to enhance maritime security and trade facilitation.The Customs Area Controller (CAC), Apapa Command, Emmanuel Os...
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Nigeria Extends Ban On Raw Shea Nut Export
February 26, 2026 No Responses

Nigeria Extends Ban On Raw Shea Nut Export

The Nigerian Government has approved the extension of the ban on the export of raw shea nuts for another year, from February 26, 2026, to February 25, 2027, reinforcing push for industrial growth and value addition.By sustaining the restriction, the...
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NGX Sheds N74b As Sell Pressure Weighs On Major Stocks
February 26, 2026 No Responses

NGX Sheds N74b As Sell Pressure Weighs On Major Stocks

The Nigerian equities market remained in negative territory on Wednesday, as investors lost N74 billion amid sustained sell pressure across major stocks on the Nigerian Exchange Limited (NGX).The downturn was largely driven by losses recorded in RT Briscoe, AB...
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SON DG Leads Nigerian Delegation To Ethanol Conference In U.S.
February 26, 2026 No Responses

SON DG Leads Nigerian Delegation To Ethanol Conference In U.S.

The Director-General and Chief Executive of the Standards Organisation of Nigeria (SON), Dr. Ifeanyi Chukwunonso Okeke, led the Nigerian delegation to the 31st Annual National Ethanol Conference (NEC) held in Orlando, Florida, United States.The conference, rec...
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Pope To Visit Algeria, Spain, Monaco, Cameroon, Angola
February 26, 2026 No Responses

Pope To Visit Algeria, Spain, Monaco, Cameroon, Angola

Pope Leo XIV will visit four African nations in April, the Vatican said Thursday, including Algeria — the first time a pope will travel to the North African Muslim nation.The Vatican announced a series of international trips in the months...
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Shippers’ Council Seeks Stronger Use Of BICs To Drive Cross-Border Trade
February 26, 2026 No Responses

Shippers’ Council Seeks Stronger Use Of BICs To Drive Cross-Border Trade

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius, has stated that the effective utilisation of Border Information Centres (BICs) will significantly enhance trade volumes across Nigeria’s land ...
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Jetour G700 Joins Premium SUV Segment In Nigeria
February 25, 2026 No Responses

Jetour G700 Joins Premium SUV Segment In Nigeria

By ebosele@hotmail.com — The all-new Jetour G700 has officially joined the premium Sports Utility Vehicle (SUV) segment in Nigeria with a bold mix of brute strength, cutting-edge hybrid technology and first-class luxury.City Business News reports that fr...
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CLMI Honours LAMATA MD With Distinguished Fellowship
February 25, 2026 No Responses

CLMI Honours LAMATA MD With Distinguished Fellowship

In further recognition of her significant contributions to the Lagos transport ecosystem, the Managing Director of the Lagos Metropolitan Area Transport Authority (LAMATA), Engr. (Mrs.) Abimbola Akinajo, has been conferred with a Distinguished Fellowship of th...
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Court Jails Woman Seven Years For N5.6m Fraud
February 25, 2026 No Responses

Court Jails Woman Seven Years For N5.6m Fraud

Justice Maryam Sabo of the Kano State High Court sitting in Kano has convicted and sentenced Ebonine Rita Uzoamaka to seven years imprisonment for obtaining the sum of N5,600,000.00k( Five Million, Six Hundred Thousand Naira) by false pretence.The convict was....
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TINUBU URGES GOVERNORS TO REMEMBER THE POOR, EMPOWER UNDERPRIVILEGED
February 24, 2026 No Responses

TINUBU URGES GOVERNORS TO REMEMBER THE POOR, EMPOWER UNDERPRIVILEGED

President Bola Tinubu, on Monday in Abuja, urged Muslim and Christian leaders in the country to show greater compassion for the poor and underprivileged by pursuing policies that cater to the needs of the majority in the grassroots.The President, who...
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Customs Task Stakeholders On Automated Licences, Permits
February 24, 2026 No Responses

Customs Task Stakeholders On Automated Licences, Permits

The Nigeria Customs Service (NCS) on Monday in Lagos commenced its stakeholders’ enlightenment campaign on the automation of licences and permits processes for import and export operations, in a move aimed at eliminating inefficiencies and curbing fraud asso...
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FRSC Invests Asagba Of Asaba As Honorary Special Marshal
February 24, 2026 No Responses

FRSC Invests Asagba Of Asaba As Honorary Special Marshal

The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, on Monday formally invested and decorated Epiphany Chigbogu Azinge, SAN, OON, the Asagba of Asaba, as an Honorary Special Marshal of the Corps.The ceremony, held in Asaba formed...
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