FEC Okays $2.99bn for Three Major Rail Projects in Lagos, Kano, Kaduna   The federal executive council (FEC) has approved contracts worth $2.99 billion for three major rail projects in Lagos, Kano, and Kaduna states. Speaking with State House correspondents after the...

Money Market Liquidity Drops to N5.8trn   The Nigerian money market maintained a steady posture mid-week as the banking system’s massive liquidity surplus experienced a marginal narrowing. Despite the contraction, the financial system remains significantly awash with cash, shielding interest rates...

NNPC Completes OB3 Pipeline Crossing River Niger   The Nigerian National Petroleum Company Limited (NNPC) has completed the long-anticipated River Niger crossing of the Obiafu-Obrikom-Oben gas pipeline, unlocking a key segment of the country’s gas transmission network and paving the way...

Tinubu Reshuffles Power Sector, Names New Minister and Adviser   After months of blackouts, President Bola Tinubu has begun a fresh restructuring of Nigeria’s power sector with the nomination of a new minister of power and the appointment of a special...

NGX Market Cap Jumps by N3.2trn Amid Bullish Trading    Investors gained N3.26tn at the close of trading on Thursday as the Nigerian equities market extended its bullish run, driven by sustained buying interest in large-cap and consumer-linked stocks. Market capitalisation, which...

Airlines Record N150bn Loss in Two Months, Operations Strained    Airline Operators of Nigeria (AON) have raised alarm over losing N150bn within two months, even as ground handling companies threaten further action over about N9bn in outstanding debts. A member of the...