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Geregu Power Appoints Abdulaziz Yari Chairman as Otedola Exits After Major Ownership Change

Geregu Power Plc has announced a significant change in its board and ownership structure following the resignation of billionaire investor Femi Otedola as chairman after he divested his controlling stake in the company, Prime Business Africa reports. The development was disclosed in

December 30, 2025

Naira Rises To N1,500/$ At Official Market

Business·Top Stories

Naira Depreciates Against Dollar As USD Rate Rises To N1,478/$ In Black Market

The naira on Tuesday, December 30, depreciated by 0.47 percent after the foreign exchange (FX) rate of the United States dollar (USD) increased to N0.7 kobo in the black market. According to Naira Rates, the parallel market rate aggregator, the USD exchange

December 30, 2025

Business·Top Stories

Yemi Odubiyi Increases Stake In Sterling Financial Holdings After Acquiring N1.15bn Shares

The chief executive officer (CEO) of Sterling Financial Holdings Company Plc, Yemi Odubiyi, has increased his stake in the company from 1.39 percent to 1.71 percent on Monday, December 29. In a share dealing by an insider document obtained from the Nigerian

December 30, 2025

Business·Top Stories

Mutual Benefits Assurance Records N60.85bn Revenue, Profit Hits N15.28bn

Over N60.85 billion was generated as revenue by Mutual Benefits Assurance Plc between the first quarter (Q1) and the third quarter (Q3) of 2025, exceeding the N44.34 billion recorded in the same period in 2024, representing a 37 percent growth. The company’s

December 30, 2025

Business·News·Transport

Air Peace Denies “Dumping” Passengers in Barbados, Blames Immigration Authorities

Air Peace Limited has strongly refuted allegations that it sold tickets to Jamaica and “dumped” passengers in Barbados, calling the report “misleading, inaccurate” , and does not reflect the actual facts surrounding the incident”. According to the airline’s management, the incident occurred

December 30, 2025

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Business·Finance & Economy·News

Nigeria Reassures Investors Amidst Joint Security Operation with US

The Federal Ministry of Finance has issued a statement reassuring investors and international partners that Nigeria is not at war with itself or any other nation, but is instead confronting terrorism alongside trusted international partners. The statement comes after a joint security

December 30, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today

Business·Top Stories

Dollar Rate Rises To N1,471/$ In Black Market, Drops To N1,446/$ In Official Window

The black market recorded a N3.01 increase in the foreign exchange (FX) rate of the United States dollar (USD) on Monday, December 29. In the black market data obtained from Naira Rates, the USD rate increased to N1,471 per dollar, from the

December 29, 2025

Geregu Power Plc Surges With 15% Gain In 2 Days, Hits N2.875trn Market Cap

Business·News·Top Stories

Femi Otedola Sells N2.17trn Stake In Geregu, Resigns As Chairman

Femi Otedola, the majority stakeholder in Geregu Power, has sold his N2.17 trillion stake in the power generation company and resigned from his position as chairman. Geregu announced the transaction on Monday, December 29, via a statement to the Nigerian Exchange (NGX)

December 29, 2025

Business·Top Stories

Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

Out of the six oil companies listed on the Nigerian Exchange (NGX), also known as the stock market, four companies made it to the list of the worst-performing oil producers in Nigeria by revenue decline in the third quarter (Q3) of 2025,

December 29, 2025

Business·Markets·News

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets via CFDs, on Wednesday announced that it has been granted a Category 5 (“Arrangement and Advice”) license by the UAE Securities and Commodities Authority (SCA), marking a significant milestone in the broker’s

December 29, 2025

Nigeria Air: Airline Operators Hail Judiciary, Aviation Minister For Upholding Justice

Business·News·Transport

Tax Tangle: Onyema, Achimugu Disagree on Nigeria’s Soaring Airfares

Tax Tangle: Onyema, Achimugu Clash Over Nigeria’s Soaring Airfares The Nigerian Civil Aviation Authority (NCAA) has denied allegations that domestic airfares are inflated due to multiple taxes, attributing the recent surge to market forces. Director of Public Affairs and Consumer Protection, Michael

December 29, 2025

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GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

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Business

Geregu Power Appoints Abdulaziz Yari Chairman as Otedola Exits After Major Ownership Change

Naira Depreciates Against Dollar As USD Rate Rises To N1,478/$ In Black Market

Yemi Odubiyi Increases Stake In Sterling Financial Holdings After Acquiring N1.15bn Shares

Mutual Benefits Assurance Records N60.85bn Revenue, Profit Hits N15.28bn

Air Peace Denies “Dumping” Passengers in Barbados, Blames Immigration Authorities

Nigeria Reassures Investors Amidst Joint Security Operation with US

Dollar Rate Rises To N1,471/$ In Black Market, Drops To N1,446/$ In Official Window

Femi Otedola Sells N2.17trn Stake In Geregu, Resigns As Chairman

Worst-Performing Nigerian Oil Companies In Q3 2025 — By Revenue Decline

GivTrade Secures UAE SCA Category 5 Licence

Tax Tangle: Onyema, Achimugu Disagree on Nigeria’s Soaring Airfares

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Air Peace Denies “Dumping” Passengers in Barbados, Blames Immigration Authorities

Nigeria Reassures Investors Amidst Joint Security Operation with US

CAR Votes for Change: Peaceful Elections Yield High Turnout

GivTrade Secures UAE SCA Category 5 Licence

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Geregu Power Appoints Abdulaziz Yari Chairman as Otedola Exits After Major Ownership Change

Naira Depreciates Against Dollar As USD Rate Rises To N1,478/$ In Black Market

Yemi Odubiyi Increases Stake In Sterling Financial Holdings After Acquiring N1.15bn Shares

Malami, Wife, Son Denied Bail, Remanded in Kuje Prison Till January 2

GivTrade Secures UAE SCA Category 5 Licence

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

Dollar Trades Flat In Black Market, Appreciates In Official Window

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

Geregu Power Appoints Abdulaziz Yari Chairman as Otedola Exits After Major Ownership Change

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