$496m to £897m in 9 Months: What Tony Elumelu’s Seplat Investment Reveals About Building Wealth
On December 30, 2025, Elumelu’s Heirs Energies bought Maurel & Prom’s 20.07% stake in Seplat Energy for $496 million, acquiring...
Business
CBN’s FX, Banking Overhaul Draws Recognition from Top Economists
The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s Distinguished Organisation Award, with the professional body recognising...
NGX Closes Marginally Higher as ASI Gains 0.06 Percent
Market capitalisation rose from N157.049 trillion at the opening to N157.150 trillion at the close, representing a N101 billion increase....
UBA Foundation Opens 2026 National Essay Competition, Raises Winning Prizes To N41m
UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Plc, has announced the commencement of the...
NNPCL to deploy 70 self-service fuel stations nationwide as petrol attendants fear job loss
The Nigerian National Petroleum Company Limited has announced plans to deploy between 50 and 70 smart, self-service filling stations nationwide....
Dangote Refinery IPO: NGX loses massive N1.9tn in two days as investors sell stocks
The Nigerian stock market lost N1.9 trillion in two days as investors sold their stocks in preparation for Dangote Refinery’s...
Dollar to Naira exchange rate today, September 9, 2026: Naira records first depreciation against US currency
The naira recorded its first depreciation on Wednesday at the official foreign exchange market. Central Bank of Nigeria data showed...
Moniepoint’s Tosin Eniolorunda to Chair Programme Investing $200,000 in African AI Startups
Selected companies will receive coaching, technology and infrastructure support, corporate connections and other resources aimed at strengthening their products and...
NGX Plunges 1.17 Percent as 64 Stocks Decline, Market Cap Sheds N1.88tn
The ASI opened at 247,699.78 points but fell 2,897.67 points to close at 244,802.11. Similarly, market capitalisation declined by N1.879...
Nigerian Scientist Wins $100,000 NLNG Prize for AI-powered MRI Tech
Nigerian scientist Mary Brenda Akoda has emerged winner of the 2026 Nigeria Prize for Science and Innovation (NPSI), earning the...