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Finance & Economy - Page 5

Elumelu Appointed Seplat Energy Non-Executive Director as Board Restructures

Seplat Energy Plc has appointed billionaire investor and philanthropist, Mr Tony O. Elumelu, CFR, as a Non-Executive Director on its Board, with effect from January 22, 2026, following recent changes in the company’s ownership structure. The appointment comes on the heels of

January 23, 2026

News·Oil & Gas·Top Stories·World News

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

The United States has seized a sanctioned Venezuelan oil tanker off the country’s coast, President Trump announced Wednesday, escalating tensions with Caracas and sending oil prices higher. “We’ve just seized a tanker on the coast of Venezuela, very large, largest one ever,”

December 11, 2025

Africa·Events & Opportunities·Finance & Economy·News

Moghalu to Lead Strategic Dialogue on Africa’s Economic Security at CoSPAL Assembly in Morocco

Former Deputy Governor of the Central Bank of Nigeria and President of the IGET Academy, Professor Kingsley Moghalu, is set to deliver the keynote address at the 3rd General Assembly of the Conference of Speakers and Presidents of African Legislatures (CoSPAL), scheduled

December 11, 2025

Africa·Business·News·Oil & Gas

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Burkina Faso has officially launched Barka Energies, marking a historic turning point in the country’s hydrocarbon distribution sector. The move follows the acquisition of TotalEnergies Marketing Burkina’s assets by Coris Invest Group (CIG SA), creating a 100% Burkinabè-owned energy company with regional

December 10, 2025

Finance & Economy·News·Politics

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

Enugu State Governor Peter Mbah has presented a record ₦1.617 trillion budget for the 2026 fiscal year, describing it as a blueprint for “full-scale impact” across critical sectors after two years of foundation-building reforms. Tagged the Budget of Renewed Momentum, the proposal

December 9, 2025

Business·Finance & Economy·News·Top Stories

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

Nigeria’s new tax framework, set to take effect in January 2026, is designed to modernize the country’s fiscal system, simplify compliance, and enhance economic competitiveness, the Special Adviser to President Tinubu on Economic Affairs, Dr. Tope Fasua, has said. Addressing growing public

December 9, 2025

Business·Finance & Economy·News·Top Stories

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDCs) under its revised 2024 Regulatory and Supervisory Guidelines, marking one of the most significant clean-ups of the retail foreign exchange market in recent years.

December 9, 2025

Finance & Economy·Opinion

Are The New Tax Laws Necessary In The Midst Of Insecurity, Endemic Corruption, High Inflation?

By Mohammed I. TSAV Esq. The implementation of these new tax laws in January 2026; under President Bola Ahmed Tinubu administration, in the midst of insecurity, endemic corruption and high inflation, an unsteady economy, and an unstable Naira, has sparked a debate

December 8, 2025

Finance & Economy·News·Nigeria

Nation’s Cosmetic Economic Growth Not Lifting Nigerians Out of Poverty – Oye

Chairman of the Alliance for Economic Research and Ethics LTD/GTE, Dele Kelvin Oye, has warned that Nigeria’s celebrated economic growth figures mask the worsening hardship facing millions of citizens, describing the situation as “a troubling paradox where GDP rises without progress.” Speaking

December 8, 2025

Africa·Finance & Economy·News·Top Stories

Russian Mercenaries Allegedly Fuel CAR’s Energy Crisis, Enrich Armed Networks

A new investigation has accused Russian-linked mercenaries and their local partners of orchestrating a cartel-like grip on the Central African Republic’s (CAR) fuel sector, worsening nationwide shortages and enriching criminal networks while citizens struggle to access petrol. The report, released by the

December 4, 2025

Finance & Economy·News·Nigeria

FG, Boeing, Cranfield University Partner to Establish Aircraft Maintenance Hub, Targeting $200M Savings

President Tinubu has announced a landmark partnership between the Federal Government, global aircraft manufacturer Boeing, and UK-based Cranfield University to establish a world-class Maintenance, Repair, and Overhaul (MRO) facility in Nigeria. The announcement was made at the opening of the maiden Nigerian

December 4, 2025

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Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

GivTrade Secures UAE SCA Category 5 Licence

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

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Finance & Economy - Page 5

Elumelu Appointed Seplat Energy Non-Executive Director as Board Restructures

U.S. Seizes Sanctioned Venezuelan Oil Tanker, Escalating Tensions

Moghalu to Lead Strategic Dialogue on Africa’s Economic Security at CoSPAL Assembly in Morocco

Barka Energies Debuts: Burkina Faso Seizes Control of Its Energy Sector

Enugu Unveils ₦1.6trn ‘Budget of Renewed Momentum’ for 2026, Prioritises Education, Infrastructure, New City Projects

New Tax Laws Poised to Strengthen Nigeria’s Competitiveness, Not Scare Investors, Presidency Insists

CBN Approves 82 Licensed BDCs, Publishes Full List Under New FX Regulatory Framework

Are The New Tax Laws Necessary In The Midst Of Insecurity, Endemic Corruption, High Inflation?

Nation’s Cosmetic Economic Growth Not Lifting Nigerians Out of Poverty – Oye

Russian Mercenaries Allegedly Fuel CAR’s Energy Crisis, Enrich Armed Networks

FG, Boeing, Cranfield University Partner to Establish Aircraft Maintenance Hub, Targeting $200M Savings

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CBN, Policy Shifts and Economy

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NGX Market Cap Rises By N73bn To N105.95trn

NBA Condemns Alleged Appointment of Convicted Ex-Pension Boss Maina as Garki Branch Patron, Orders Immediate Withdrawal

Tony Elumelu’s Influence: Seplat’s Share Hits Highest Price In Company’s History

Times Higher Education Lists 24 Nigerian Universities in Global Ranking

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

GivTrade Secures UAE SCA Category 5 Licence

NGX Market Cap Rises By N73bn To N105.95trn

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