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MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

The Federal Government has said it will undertake a comprehensive assessment of the reported acquisition of IHS Towers by MTN Group, citing the strategic importance of telecommunications infrastructure to Nigeria’s national security, economic stability and digital growth, Prime Business Africa reports. In

February 17, 2026

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Top Stories

Naira Appreciates Against Dollar, Pound, Euro In Black Market

The foreign exchange (FX) rate of the United States dollar (USD) decreased to N1,398.79 kobo per $1 in the black market on Tuesday, February 17. Naira Rates, the black market aggregator, said the price for the USD dropped from N1,444.88 kobo/$1 recorded

February 17, 2026

Business·Top Stories

Zenith Bank, Skyway Aviation Drag Down NGX Market Cap By N577.40bn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N121.55 trillion on Tuesday, February 17, from the N122.12 trillion recorded on Monday, February 16. This represents a decline of N577.40 billion in the market capitalisation,

February 17, 2026

Business·Top Stories

FX Losses, Rising Expenses Weigh on Guinea Insurance As Profit Plunges By 66%

In 2025, Guinea Insurance was able to up its revenue by 3.20 percent, but the single-digit growth was not enough to save its bottom line from plunging, as expenses and its inability to improve foreign exchange (FX) and investment gains weighed on

February 17, 2026

Business·Markets·News·Nigeria·Top Stories

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at two major markets in Idemili North council area after traders failed to open for business on Monday, despite a directive to resume trading. The affected markets are the Building Materials Market in

February 17, 2026

Business·News·Top Stories

Dangote Signs $400m Equipment Deal to Fast-Track Refinery Expansion

Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd. as part of plans to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day (bpd) to 1.4 million bpd. The

February 17, 2026

‘CBN’s Interest Rate Remains High, Choking Businesses’

Business·Insights·Markets·Opinion

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

The main fears and warnings of critics of the actions of Anambra governor, Professor Chukwuma Soludo about sit-at-home and closure of the Onitsha Main Market have now happened. In Anambra, fear and panic came back in full measure, while the State Police

February 17, 2026

Business·Top Stories

Black Market, Official Window FX Rates Gap Widens By N100

The gap between the black market and the official window widened to N100.88 kobo on Monday, February 16, from N49.58 kobo on Friday, February 13. In the black market on Monday, the foreign exchange (FX) rate for the United States dollar (USD) increased

February 16, 2026

Business·News·Nigeria·Top Stories

BUA Group Signs Strategic Partnership with UAE Firms

BUA Group has signed a strategic Memorandum of Understanding (MoU) with UAE-based AD Ports Group and MAIR Group in Abu Dhabi, in a deal aimed at strengthening industrial development, trade, and logistics between West Africa, the Gulf, and Asia. The agreement follows

February 16, 2026

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business·Top Stories

Jaiz Bank, Beta Glass Lead Gainers’ List As NGX Market Cap Rises By N5.10trn

At the end of trading in the Nigerian Exchange (NGX), also known as the stock market, on Monday, February 16, the market capitalisation of the bourse closed at N122,12 trillion. The NGX’s market capitalisation increased by N5.10 trillion from the N117.02 trillion

February 16, 2026

Business·Top Stories

Rush For Palm Oil Stocks Creates New Trillion-naira Firms, Bumper Gains

The palm oil sector recorded a historical period in 2025, as the rush for the few producers on the Nigerian Exchange (NGX), also known as the stock market, birthed two trillion-naira companies in the bourse and added N1.23 trillion to shareholders’ wealth

February 16, 2026

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African Countries With The Largest Proven Oil Reserves In 2025

Markets Fall as Iran Signals New Chance for Nuclear Talks

Global shares slipped and oil prices fell on Tuesday after

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

The Anambra State Government has sealed dozens of shops at

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

The main fears and warnings of critics of the actions

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

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Business

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

Naira Appreciates Against Dollar, Pound, Euro In Black Market

Zenith Bank, Skyway Aviation Drag Down NGX Market Cap By N577.40bn

FX Losses, Rising Expenses Weigh on Guinea Insurance As Profit Plunges By 66%

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

Dangote Signs $400m Equipment Deal to Fast-Track Refinery Expansion

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

Black Market, Official Window FX Rates Gap Widens By N100

BUA Group Signs Strategic Partnership with UAE Firms

Jaiz Bank, Beta Glass Lead Gainers’ List As NGX Market Cap Rises By N5.10trn

Rush For Palm Oil Stocks Creates New Trillion-naira Firms, Bumper Gains

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JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

Customs Service Explains Exchange Rate Process for Import, Export Valuation

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

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JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

Eze Ogbunechendo Urges Tinubu to Release Nnamdi Kanu or Return Him to Kenya

Providus-Unity Bank merger stalled over insider credits

Markets Fall as Iran Signals New Chance for Nuclear Talks

Soludo Seals Shops for Two Weeks over Monday Sit-at-Home

Soludo’s New Market Design: Why Onitsha Traders Must Tread Carefully

Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

JNIM’s Incursion into Nigeria’s Security Landscape – The Emerging Threat

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