Business News

Experts call for urgent reforms in the oil and gas sector

Experts, oil and gas sector stakeholders and policy makers have called for urgent reforms in Nigeria's oil and gas sector to increase economic growth. They did so at a day-long symposium themed “Nigeria’s Oil Industry: The Way Forward”, organized by...

Stock Market Supports Bulls as Investors Earn N792.7 Billion

The bulls maintained their grip on the local market for the second consecutive session on Thursday as the All Share Index gained 125 basis points to close at 105,530.74 basis points. On the Nigerian Stock Exchange, the bullish performance was...

SEC will strengthen regulatory framework

The Securities and Exchange Commission (SEC) has expressed its willingness to improve the regulatory framework on government and corporate borrowing. The Director General of the Commission, Dr. Emomotimi Agama, who disclosed this in a chat, said this has become important...

Equity Investors Earn N507.3 Billion As NGX ASI Adds 80 Basis Points

Share trading on the Nigerian Stock Exchange (NGX) was bullish on Wednesday as the All Share Index (ASI) gained 80 basis points to close at 104,230.73 basis points. Notably, buying interests in MTN Nigeria Communications and First Bank of...

GTCO completes first phase of equity capital raising programme, raises N209 billion

Guaranty Trust Holding Company Plc (GTCO) has announced the successful completion of the first tranche of its equity capital raising programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the...

Naira depreciates again in the parallel market

The naira has recorded another depreciation in the parallel market, trading at N1,665 per dollar on Monday, compared to N1,660 per dollar over the weekend. On the contrary, in the official foreign exchange market the naira strengthened slightly, appreciating to...

Honeywell Reloaded: Nigerian flour mills revitalize iconic brand Lagos, Nigeria – December 13, 2024

Flour Mills of Nigeria Plc (FMN), Nigeria's leading allied food and agriculture company, is pleased to announce the relaunch of Nigeria's beloved Honeywell brand. This historic event, held in Lagos, unveiled Honeywell's dynamic new identity, featuring vibrant packaging, improved...

JUST IN: TCN announces power supply rationing in FCT

The Transmission Company of Nigeria (TCN) has announced that it will ration power supply to parts of the Federal Capital Territory (FCT) from January 6 to 20. The rationing is due to the Federal Capital Development Authority's (FCDA) road dualization...

Oil marketers want FG to privatize Kaduna and Warri refineries

Petroleum marketers, represented by the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), have called on the Federal Government to privatize state-run refineries, encourage competition and improve transparency and accountability. They also urged the government to invest in infrastructure...

Only a miracle can make Ajaokuta project functional: former CEO Magaji Inuwa

A former CEO of Ajaokuta Steel Company, Magaji Inuwa, has expressed doubts about the government's ability to revive the Ajaokuta steel project. Inuwa, who identified financial constraints, lack of commitment and lack of infrastructure coordination as major obstacles, said only...
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Honda Capital’s financial platform helps Honda Group deepen its brand influence in the Nigerian automotive and motorcycle market.

  Synergy Between Digital Financial Services and Industry Drives Long-Term Growth Honda Capital Financial Platform (HCFP) is an emerging financial platform...
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