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Business & Economy

GTCO records ₦603bn H1 profit as deposits rise to 10.3%

GTCO’s ₦603.03 billion profit before tax places it slightly behind FirstHoldCo, which reported ₦653.5 billion profit before tax for H1 2026. Guaranty Trust Holding Company...

Federal Government approves modernization of Onne, Delta and Calabar ports

Federal Government Approves Modernisation of Onne, Rivers, Delta and Calabar Ports The Federal Government has approved the comprehensive modernisation and upgrade of Onne, Rivers, Delta...

NERC tightens grip on DisCos’ funds, operators Kick

“If I have to fix anything within my franchise, I will need to revert to NERC. This is not done anywhere. This poses extra...

First HoldCo leads six Nigerian stocks into FTSE Frontier 50 Index

First HoldCo and five other Nigerian companies are set to join one of the global investment industry’s closely watched benchmarks, giving international investors a...

Nigeria’s trade surplus doubles to N12.6trn as Tinubu reforms reshape trade

More than three years into President Bola Tinubu’s economic reform programme, Nigeria’s trade figures are beginning to show one of the clearest signs of...

Dangote Refinery IPO: The $1.6bn bet that could reshape Nigeria’s capital market

For millions of Nigerian investors, the road to owning a piece of the Dangote Petroleum Refinery may soon become much shorter — and potentially...

NAICOM revokes operating licence of Nigeria Reinsurance Corporation

The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation, a company owned by businessman and diplomat, Senator Jimoh Ibrahim. The...

My N600 billion investment in FirstHoldCo is a generational bet – Otedola

Lagos – Chairman of First HoldCo Plc, Mr. Femi Otedola, has framed his over N600 billion personal investment in the financial services group as...

Dangote Refinery switches to dollar pricing, reshaping Nigeria’s fuel market dynamics

Dangote Petroleum Refinery has reset the pricing framework for refined petroleum products, fixing the ex-depot price of Premium Motor Spirit (petrol) at $0.779 per...

CBN to sell N2 trillion treasury bill this month, largest in 2026

The Central Bank of Nigeria (CBN) has outlined plans to issue approximately ₦2.0 trillion in Nigerian Treasury Bills (NTBs) across multiple auction dates in...

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