Nigeria’s production-sharing contract with TotalEnergies (TTEF.PA), its first guided by a new law designed to boost the OPEC member’s gas production, will serve as a template for future deals, the oil regulator said on Wednesday. The country’s Petroleum Industry Act adopted in 2021 recognised the distinct economics of oil […]
Category: Trending
Trending News
FG Plans Online Harm Bill, AI Ethics Rules to Balance Innovation, Regulation
The Federal Government has announced plans to introduce an Online Harm Protection Bill and an AI Ethics Framework as part of a broader strategy to balance innovation with regulation in Nigeria’s digital ecosystem. Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, disclosed […]
Afreximbank Delivers HY’2025 Results With Net interest income at $835.9m
African Export-Import Bank Group (Afreximbank/Group) has released its consolidated financial statements for the six months ended 30 June 2025 (H1’2025). Amid heightened geopolitical tensions, persistent inflationary pressures, currency volatility, and tighter global financing conditions, the Afreximbank Group delivered, once again, satisfactory results for the first half of the […]
DMO Warns States Against Over-Borrowing, Advocates PPPs ……Says Nigeria Risks Debt Crisis Without PPPs, Improved Revenues
The Director-General of Nigeria’s Debt Management Office (DMO), Ms. Patience Oniha, has cautioned state governments against excessive borrowing, urging them instead to adopt Public-Private Partnerships (PPPs) and prioritise tax revenue mobilisation to fund infrastructure projects. She warned that without such measures, Nigeria risks sliding into another debt crisis. […]
SEC Warns Nigerians Against GVEST Global Over Suspected Ponzi Operations
The Securities and Exchange Commission (SEC) has cautioned Nigerians to steer clear of GVEST Global and its associated entities, describing the company’s activities as illegal and bearing the hallmarks of a Ponzi scheme. In a public notice published on its website, the capital market regulator revealed that […]
Nigeria Risks Growth Setback as FDI Slumps Despite Capital Inflows — LCC
The Lagos Chamber of Commerce and Industry (LCCI) has cautioned that Nigeria’s modest progress in easing inflation and attracting capital inflows could be undermined by surging business costs and a steep decline in Foreign Direct Investment (FDI), warning that the economy risks losing growth momentum if structural challenges persist. […]
Champion Breweries to Acquire Bullet Brand Assets ……. Expand into RTD, Energy Drinks Market
Champion Breweries Plc has announced that it has reached an agreement to acquire the brand assets and intellectual property of the Bullet range of ready-to-drink (RTD) alcoholic beverages and energy drinks from Sun Mark International Limited. The deal, which is structured as an asset carve-out, will see […]
Breaking: Nigeria’s Inflation Eases to 21.88% in July, Lowest in 13 Months
Nigeria’s headline inflation rate slowed to 21.88% in July 2025, a marginal decline from 22.22% recorded in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The moderation marks the lowest year-on-year inflation level since June 2024, offering tentative relief amid […]
APT Securities Projects NGX Market Cap Above ₦100tr by Year-End … Blue-Chip, Insurance Stocks Tipped for Strong 2025 Performance
Managing Director and Chief Executive Officer of APT Securities and Funds Limited, Kasimu Garba Kurfi, has projected that the Nigerian Exchange (NGX) market capitalisation will surpass ₦100 trillion by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market activities. Speaking at […]
Oando Shareholders Approve ₦500bn Capital Raise, Debt Conversion
Shareholders of Oando Plc have given approval to a comprehensive capital raising and restructuring plan worth up to ₦500bn, alongside the conversion of $300m in existing debt to equity, as part of efforts to strengthen the company’s financial position and drive long-term growth. The resolutions were passed at the […]