Investors Gain N1.7trn as Banking, Industrial Shares Soar   Investors gained approximately N1.70 trillion at the close of Thursday’s trading, as broad-based sectoral advances lifted equities and pushed the benchmark index to a fresh weekly high on the Nigerian Exchange Limited. Market capitalisation rose to N123.93 tn...

NSDC, Lee Group to Set up Massive Sugar Project in Niger   The Niger state governor, Umar Bago, has assured the National Sugar Development Council (NSDC) and the Lee Group of its commitment to the emergence of another massive sugar project in the state. Speaking at a...

Nigeria’s Debt to World Bank’s IDA Rises $18.7bn Nigeria’s debt to the World Bank’s concessional lending arm, the International Development Association, surged by $1.9bn in just one year to reach $18.7bn as of December 31, 2025, new financial data released by the institution show. According to...

‘Institutionalised Extortion’ Allegations by NLC False, Misrepresent Facts - GenCos The Association of Power Generation Companies (APGC) has stated that allegations by the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, claiming electricity Generation Companies GenCos are engaging in “institutionalised extortion” and make...

GenCos Decry N6tn Unpaid Electricity Bills  Power generation companies under the umbrella of the Association of Power Generation Companies have disclosed that outstanding unpaid invoices for electricity generated and supplied to the national grid have surged to about N6tn, raising fresh concerns over the sustainability...

Tinubu Signs Executive Order Mandating Direct Remittance of Oil, Gas Revenues to Federation Account President Bola Tinubu has signed a sweeping executive order directing the immediate remittance of oil and gas revenues to the Federation Account, in a move aimed at curbing revenue leakages, eliminating...