NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Otedola raises First HoldCo stake with fresh N18bn acquisition
Capital Market

Otedola raises First HoldCo stake with fresh N18bn acquisition

Aug 7, 2026 • By Stella Odiche

FEMI Otedola has further increased his ownership of First HoldCo Plc after acquiring an additional 138.04 million ordinary shares valued at approximately N18.11 billion. The latest transaction reinforces the billionaire businessman’s growing influence in…

Big Investigations

Ex-Lagos council chairman embroiled in multi-billion-naira contracts scandal

Aug 6, 2026 • By Economy Post

Mustapha Usman THE Ejigbo Local Council Development Area (LCDA) of Lagos State has reportedly spent over ₦3 billion…

Capital Market

Stock market turnover jumps 32% despite NGX decline

Aug 1, 2026 • By Stella Odiche

TRADING activity on the Nigerian Exchange (NGX) strengthened in the week ended July 31, with the value of…

Oil and Gas

NNPC buys 10% JV stake from Seplat for $281.6m

Jul 30, 2026 • By Yakubu Ibrahim

SEPLAT Energy Plc has agreed to divest a 10 percent working interest in the NNPCL/Seplat Joint Venture to…

African businesses need stronger partnerships and access to succeed globally – Landmark CEO

Economy

African businesses need stronger partnerships and access to succeed globally – Landmark CEO

Jun 20, 2026 • By Yakubu Ibrahim

CHIEF Executive Officer of Landmark Africa Group, Mr Paul Onwuanibe, has urged African entrepreneurs to embrace collaboration, broaden their networks…

Oil and Gas

NNPC buys 10% JV stake from Seplat for $281.6m

Jul 30, 2026 • By Yakubu Ibrahim

SEPLAT Energy Plc has agreed to divest a 10 percent working interest in the NNPCL/Seplat Joint Venture to…

Oil and Gas

NNPC buys 10% JV stake from Seplat for $281.6m

Jul 30, 2026 • By Yakubu Ibrahim

SEPLAT Energy Plc has agreed to divest a 10 percent working interest in the NNPCL/Seplat Joint Venture to NNPC Limited in a…

Business

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Sector Watch

agriculture

Agribusiness

Nigeria, Ghana, Côte d’Ivoire, Cameroon unite to end raw cocoa exports

Agribusiness

Nigeria, Ghana, Côte d’Ivoire, Cameroon unite to end raw cocoa exports

Jul 14, 2026 • By Yakubu Ibrahim

NIGERIA, Ghana, Côte d’Ivoire and Cameroon have signed the Abuja Declaration, creating a regional alliance aimed at ending…

cell_tower

Telecoms

NCC reviews MVNO business rules as telecom regulator issues 46 licences

Telecoms

NCC reviews MVNO business rules as telecom regulator issues 46 licences

Jul 17, 2026 • By Stella Odiche

THE Nigerian Communications Commission (NCC) has commenced a review of its Mobile Virtual Network Operator (MVNO) business rules…

construction

Infrastructure

FEC approves N2.08trn road projects, N286bn maritime infrastructure upgrades

Infrastructure

FEC approves N2.08trn road projects, N286bn maritime infrastructure upgrades

Jun 30, 2026 • By Yakubu Ibrahim

THE Federal Executive Council (FEC) has approved projects worth more than N2.3 trillion covering roads, maritime infrastructure and…

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