N170bn Lost as Mid-Cap Selloff Hits Nigerian Stock Market
Nigeria's stock market dropped N170 billion on Thursday as profit-taking in mid-cap stocks dragged the All-Share Index down 0.10% to 252,243.11 points.
Category : Business
Dangote Refinery Petrol Price Adjustments in 2026: 6 Hikes, 3 Cuts
Fresh data shows Dangote Refinery adjusted petrol prices nine times in early 2026, with six hikes and three cuts, reflecting market volatility and global oil trends.
Nigeria Finance Leaders Misunderstand Value Creation
At the NOLT Summit, finance leaders debated how to create lasting value in Nigeria's volatile economy, with experts arguing that volatility is not the enemy but outdated assumptions are.
)
Tinubu Says Lagos Is Africa's Fifth Largest Economy
President Tinubu praises his legacy in Lagos, stating the state is now Africa's fifth largest economy, and defends his tax reforms.
Rising Temperatures Boost Indoor Entertainment Growth
Experts link rising global temperatures to a surge in indoor entertainment, projecting a 6-12% CAGR and $100 billion industry by 2032 as heat drives activities indoors.
BUA Chief Urges Africa to Stop Exporting Raw Materials
Abdul Samad Rabiu of BUA Group urges African nations to add value to natural resources, citing loss of jobs and economic potential from raw exports.
Airtel Nigeria Recruits Experienced Professionals for Multiple Roles
Airtel Nigeria announces job vacancies for experienced professionals with at least 8 years of experience in telecom, sales, finance, and enterprise business. Apply by May 18.
Istanbul Vita: Best Afro Hair Transplant Clinic 2026
Istanbul Vita Clinic is recognized as the top hair transplant clinic in Turkey for 2026, specializing in Afro-textured hair with advanced techniques like Afro Technique.
)
Dangote reveals why he abandoned Arsenal purchase plan
Africa's richest man Aliko Dangote explains he prioritized his refinery and fertilizer projects over acquiring Arsenal, now worth billions.
Aliko Dangote Explains Why He Turned Down Arsenal Purchase
Africa's richest man Aliko Dangote explains why he prioritized completing his refinery over buying Arsenal, now too expensive to acquire.
Dangote Exposes Oil Mafia Fighting His Refinery Project
Aliko Dangote reveals how powerful fuel subsidy beneficiaries tried to block his $20 billion refinery, which is now reducing Nigeria's fuel imports.
SWDC Gets Rail Licence for Economic Growth
The South West Development Commission has secured a provisional rail operating licence from the NRC to boost regional connectivity and economic transformation across the Southwest.
Petrol Depot Prices Rise as Global Crude Oil Costs Surge
Depot operators like AP and MRS hike petrol prices to N1,280-N1,290/litre due to global crude volatility, triggering pump price increases and straining Nigerian households.
Maxitech Global Powers Nigeria's Digital Growth with Hardware
Maxitech Global Investment Limited bridges the hardware gap in Nigeria's digital transformation, distributing over 100,000 devices and partnering with global tech manufacturers.
Naira Falls as CBN Releases New Exchange Rates
The Nigerian naira declined at the official forex market as reduced dollar turnover signals tight liquidity. Businesses face higher costs amid ongoing CBN reforms.
How to Block Your Jaiz Bank Account After Compromise
Learn how to block your Jaiz Bank account using USSD code, customer care, mobile app, or branch visit. Secure your account after suspicious activity.
Tourism must be institutionalised for sustainable growth
Stakeholders urge federal and state governments to institutionalise tourism policies for continuity, citing failed initiatives tied to individuals rather than institutions.
TCN Adds 600MW to Grid via Edo Transmission Project
TCN completes Ihovbor/Benin and Ihovbor/Ajaokuta 330kV transmission project, adding 600MW to Nigeria's national grid and improving power evacuation.
Nigeria Egg Crisis: Prices Soar, Protein Becomes Luxury
Rising production costs push egg prices to record highs in Nigeria, forcing households to cut back on this essential protein source, with dire health implications.
Health Groups Urge Stronger Action Against Salt Consumption
Health groups in Nigeria call for stronger measures to curb excessive salt consumption, warning of hidden salt in processed foods and rising hypertension.
Piecemeal solutions will not end aviation sector crisis
Managing Director of Flights & Logistics Solution Limited, Amos Akpan, discusses the aviation sector's challenges, urging holistic policies over piecemeal solutions.
Insurers Urged to Prioritise Prompt Claims Settlement
Industry stakeholders call on insurers to prioritise prompt claims settlement to rebuild public confidence, deepen penetration, and boost economic contribution.
GRDS Upgrades Platform for Remote AGM Access
Greenwich Registrars upgrades G-Ease platform with live streaming for remote AGM access, enabling shareholders to follow proceedings from anywhere via mobile devices.
IFC Eyes Major Investments in Nigeria's Key Sectors
IFC announces plans to invest in Nigeria's livestock, energy, and housing sectors. World Bank L-PRES project reaches 1.4 million beneficiaries across 20 states.
CIBN Investiture for Alabi as 24th President Tomorrow
The Chartered Institute of Bankers of Nigeria will hold the investiture for Dr Oladele Alabi as its 24th President on May 16, 2026, in Lagos.
Eterna Shareholders Approve 50 Kobo Dividend
Shareholders of Eterna Plc have approved a 50 kobo dividend per share following the company's 33rd AGM, where revenue of N302.4 billion was reported for 2025.
Nigeria, Germany Sign €65m Development Pact
Nigeria and Germany signed a €65 million development pact in Abuja, focusing on agriculture, energy, health, and skills. Germany also pledged €300 million in export credit guarantees.
Firms Commit to Training Young Engineers for Power Sector
Sahara Power and Egbin Power launch a 10-month programme for 50 graduate engineers, focusing on technical skills and safety to boost Nigeria's electricity sector.
LASG Faces Consequences of Waterway Over-Exploitation
Lagos State warns of economic and environmental risks from indiscriminate dredging, as sand scarcity drives costs up and disrupts marine ecosystems.
Heirs Holdings Units Among Africa's Fastest-Growing
Three Heirs Holdings portfolio companies rank among Africa's top 50 fastest-growing businesses in the 2026 Financial Times list, highlighting strong growth and innovation.
Page 185 of 454