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Business - Page 12

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Africa·Business·News·Nigeria·Oil & Gas

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Nigeria’s Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, says Africa risks losing billions in potential market value unless oil-producing nations hardwire local content policies into their energy strategies. Speaking at the 4th African Petroleum

November 6, 2025

PMS Market Deregulation Will Boost Supply – Edun

Business·Markets·News

Nigeria’s Eurobond Draws $2.35bn in Unprecedented Global Demand

Nigeria has raised $2.35 billion from its latest Eurobond issuance, marking the country’s largest-ever orderbook with bids exceeding $13 billion from global investors. The Debt Management Office (DMO) confirmed on Wednesday that the dual-tranche issuance comprised a $1.25 billion “long 10-year” bond

November 6, 2025

Business·News·Oil & Gas

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

The Federal Government of Nigeria has begun formal discussions with the International Monetary Fund (IMF) to develop a transparent fuel price modulation framework and strengthen the country’s fiscal resilience amid global energy market volatility. The initiative, spearheaded by the Ministry of Petroleum

November 5, 2025

Business·News·Oil & Gas·World News

Interocean Expands Middle East Presence, Opens Regional Office in Dubai’s DMCC

International marine and energy solutions provider, Interocean Marine Services (Interocean), has officially launched a new regional office at the Dubai Multi Commodities Centre (DMCC), signaling a major expansion drive to strengthen its footprint across the Middle East’s energy and maritime sectors. The

November 5, 2025

Business·News·Nigeria

Federal Government Unveils Tax Reliefs to Ease Burden on Workers, Small Businesses

Nigeria has unveiled a sweeping set of tax reforms aimed at easing the financial burden on low-income earners and small businesses while tightening compliance and expanding the country’s tax base. The new laws, signed by President Tinubu in June 2025, are set

November 4, 2025

Business·Events & Opportunities·News·Top Stories

Woodhall Capital Targets $50 Billion to Accelerate Nigeria’s Development

Woodhall Capital, led by its founder and chief executive officer, Mojisola Hunponu-Wusu, has unveiled an ambitious plan to attract $50 billion in global investments to drive large-scale development projects across Nigeria. Hunponu-Wusu, in a recent interview, said the initiative is part of

November 4, 2025

Business·News·Top Stories

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

The Dangote Group has moved to allay public concerns over the Federal Government’s newly approved 15 per cent import tariff on petrol and diesel, insisting that the policy will not trigger fuel price hikes. The Group’s Chief Corporate Communications Officer, Anthony Chiejina,

November 3, 2025

Business·Finance & Economy·Technology

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

The Digital Cooperation Organization (DCO), the world’s first standalone international intergovernmental organization dedicated to accelerating inclusive and sustainable digital economies, and the Arab Bank for Economic Development in Africa (BADEA) Friday signed a Memorandum of Understanding (MoU) as part of an ongoing

November 1, 2025

Business·News·Oil & Gas·Top Stories

Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry

The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.

November 1, 2025

Business·News

UBA Posts ₦538bn Profit After Tax in Q3 2025, Strengthens Capital Base with Rights Issue Completion

United Bank for Africa (UBA) Plc has reported a profit after tax (PAT) of ₦537.53 billion for the third quarter ended September 30, 2025, representing a 2.3 per cent increase from the ₦525.31 billion recorded in the same period last year. The

October 31, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 12

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Stronger Local Content Policies Key to Unlocking Africa’s Energy Market Value – Ogbe

Nigeria’s Eurobond Draws $2.35bn in Unprecedented Global Demand

FG, IMF in Talks to Develop Transparent Fuel Price Framework, Strengthen Fiscal Resilience

Interocean Expands Middle East Presence, Opens Regional Office in Dubai’s DMCC

Federal Government Unveils Tax Reliefs to Ease Burden on Workers, Small Businesses

Woodhall Capital Targets $50 Billion to Accelerate Nigeria’s Development

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry

UBA Posts ₦538bn Profit After Tax in Q3 2025, Strengthens Capital Base with Rights Issue Completion

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

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