Business & Economy - Page 9

The equities market rebounded on Friday, gaining N74 billion as investors returned to bargain-hunting in select stocks after the previous session’s losses. Market capitalisation rose by 0.07 per cent to close at N105.959 trillion, compared with N105.885 trillion at the previous close.

Following Seplat Energy’s prior announcement regarding the sale of Establishments Maurel et Prom SA (“M&P”) 20.07% shareholding in the company to a combination of Heirs Holdings Limited and Heirs Energies Limited, the Board of Seplat Energy on Thursday, announced the resignation of

President Bola Ahmed Tinubu has approved the gazetting of targeted, investment-linked incentives to support the proposed Bonga South West deep-offshore oil project by Shell and its partners. The President in a press release sighted by energynewsstream.com also directed his Special Adviser on

The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern over renewed calls in some quarters for the imposition of additional taxes on sugar-sweetened non-alcoholic beverages in Nigeria. CPPE Founder, Dr Muda Yusuf, made this known on Wednesday in Lagos

The Group Chief Executive of Oando Plc, Wale Tinubu, is set to participate in the 2026 World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, where he will advocate Africa’s energy priorities on the global stage. Tinubu, who leads one of Africa’s

Dangote Industries Limited (DIL) has announced an ambitious Vision 2030 strategy aimed at fast‑tracking Africa’s industrialisation, strengthening economic self‑sufficiency, and empowering the continent’s next generation. President of the Group, Aliko Dangote, reaffirmed that the company’s long‑term direction is focused on building Africa’s

Unity Bank Plc has upgraded its Unifi mobile banking platform, to strengthen security, improve transaction speed and simplify digital payments. The bank, in a statement on Tuesday, said the latest update, Unifi version 2.3, is an improved features also designed to enhance

The stock market began the week on a cautious note on Monday, as mild profit-taking shaved N11 billion off investors’ portfolios. Data from the Nigerian Exchange Ltd. (NGX) showed that market capitalisation was down by 0.01 per cent to N106.342 trillion, from

The Central Bank of Nigeria Nigeria’s banking sector is being reshaped by one of the most ambitious recapitalization programs in its history. If you bank, invest, or do business in Nigeria, understanding how this works and where each bank stands matters. In

The Africa Minerals Strategy Group (AMSG) has re-elected the Minister of Solid Minerals Development, Dr Dele Alake, as its Chairman. Alake’s Special Assistant on Media, Segun Tomori, disclosed the development in a statement issued on Sunday in Abuja. Tomori said the re-election