The Nigerian Stock Exchange All-Share Index recorded the highest gain in eight months after the NSE market capitalisation appreciated by N242bn on Wednesday. The market last recorded this performance in October last year. The NSE ASI rose to 30,127.82 basis points from 29,422.71 basis points...

The House of Representatives yesterday heard that Nigerians spend about $100m on cancer treatment abroad every year. This came during a debate on four bills that seek to establish a cancer control centre in Nigeria. The sponsor of one of the bills, Rep Sunday Karimi (PDP,...

Nigerian billionaire and Africa’s richest person, Aliko Dangote, fell 25 places on the Bloomberg Billionaires Index as the naira tumbled on its first day of trading without a peg to the United States dollar. Dangote’s fortune fell $3.7 billion, knocking him to No. 71 on...

Power distribution companies that fail to provide meters for all maximum demand customers on their networks not later than the last quarter of this year will be sanctioned, the Nigerian Electricity Regulatory Commission has said. According to NERC, the resolve to start sanctioning the firms...

The Federal High Court, Lagos Division, has granted an interim injunction against NICON Investment Limited, Global Fleet Oil and Gas Limited and Barrister Jimoh Ibrahim on the application of the Asset Management Corporation of Nigeria (AMCON). Justice Saliu Saidu, while granting the order on the...

The delay in the construction of the multibillion dollar upstream gas supply projects to feed Chevron’s Agura Power Plant, ExxonMobil’s Qua Iboe Power Plant and Total’s Obite Power Plant has delayed the projects, which were conceived by the administration of former President Olusegun Obasanjo...