Business & Economy

Dawes Island Marginal Oil Field has secured a $109 million financing facility to activate its long-awaited development plan, marking a significant milestone for its operator, Eurafric Energy. The funding was raised from Toronto-based investment firm REIN Capital, signalling renewed investor confidence in

Tomato is a big deal in Nigeria as it is one of the major staples in Nigerian cuisines used in everything from stews and soups to sauces and salads. According to extant credible statistics, Kaduna and  Kano States as well as Plateau

When night falls across Lagos, Ibadan, Port Harcourt, Katsina, and hundreds of other towns, another economy wakes up. Plastic chairs spill onto sidewalks. Grills crackle. Music drifts into the street. Projectors flicker on for football. By 8pm, money is already moving. And

Nigerian Exchange Group Plc (NGX Group) has reported a profit before tax of N15.6 billion for the financial year ended Dec. 31, 2025, up from N13.6 billion recorded in 2024. The group disclosed this in its audited financial results released on Friday

The African Development Bank Group (AfDB) and the International Institute of Tropical Agriculture (IITA) have signed a $16.61 million grant agreement to launch the third phase of the Technologies for African Agricultural Transformation Program (TAAT-III), aimed at scaling climate-resilient food production across

The Federal Government yesterday took a major step towards expanding financial inclusion with the inauguration of the board of the Nigerian Consumer Credit Corporation (CREDICORP). Vice President Kashim Shettima, who performed the ceremony at the Presidential Villa, said access to consumer credit

Aradel Holdings Plc, Nigeria’s leading integrated indigenous energy company, has successfully attained the ISO 45001:2018 certification for its Occupational Health and Safety Management System, reinforcing the Company’s steadfast commitment to operational excellence and workplace safety. ISO 45001:2018 is an internationally recognised standard

Seplat Energy PLC (“Seplat Energy”, “the Company” or “ the Group”), a leading Nigerian independent energy company listed on the Nigerian and the London Stock Exchanges, announces its audited results for the twelve months ended 31 December 2025. Operational highlights Group production

MTN Nigeria Communications Plc has reported a profit after tax of N1.11 trillion for the full year ended 2025, representing a  recovery from a loss of N400.44 billion recorded in 2024. The company posted a profit before tax of N1.70 trillion, compared

The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has announced new reforms aimed at overhauling the nation’s public procurement system to restore transparency, accountability and value for money.Adedokun made the announcement on Thursday in Lagos at a stakeholders’