Oil prices extended their recent gains on Tuesday as uncertainty surrounding the reopening of the Strait of Hormuz continued to unsettle global energy markets and revive concerns about inflation. The latest movement came as hopes of a quick agreement between the United States and Iran appeared to weaken, with both sides maintaining positions that could … Read more
Clinoscope Services Limited has increased its stake in Nigerian pharmaceutical company, Neimeth International Pharmaceuticals Plc, after purchasing an additional 40 million ordinary shares valued at ₦312 million. The acquisition, executed at ₦7.80 per share, was completed on August 4, 2026, in Lagos, according to a corporate disclosure filed with the Nigerian Exchange (NGX). The disclosure … Read more
Billionaire businessman, Femi Otedola, has increased his ownership in First HoldCo Plc after purchasing an additional 138.04 million ordinary shares worth approximately ₦18.11 billion, further strengthening his position as one of the largest shareholders in Nigeria’s most valuable listed banking group. The latest acquisition was disclosed in a regulatory filing submitted to the Nigerian Exchange … Read more
Senator Solomon Olamilekan Adeola, popularly known as Yayi and the All Progressives Congress (APC) governorship candidate in Ogun State, has launched a fresh round of financial support for small-scale traders, disbursing grants to 3,000 market women and men in the Ogun Central Senatorial District. The intervention, implemented in partnership with the National Productivity Centre under … Read more
The Presidency has firmly rejected claims by former Vice-President Atiku Abubakar that the Federal Government generated an unaccounted oil windfall of about ₦7.98 trillion under President Bola Ahmed Tinubu’s administration, insisting that the allegation lacks factual basis and challenging the presidential candidate to provide credible evidence. The latest exchange is the newest chapter in the … Read more
Dangote Industries Limited has signed a landmark $800 million Memorandum of Understanding (MoU) with China’s Sinoma International Engineering Co. Ltd. to expand the Itori Cement Plant in Ogun State, a project that will double the facility’s annual production capacity from six million metric tonnes to 12 million metric tonnes. The expansion is expected to strengthen … Read more
Vice President Kashim Shettima, Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, and renowned Kenyan scholar, Prof. Patrick Loch Otieno (PLO) Lumumba have arrived in Asaba ahead of the highly anticipated Delta State Economic and Investment Summit 2026, scheduled to begin on Monday. The arrival of the distinguished guests signals the commencement of … Read more
The Niger State Government has renewed its determination to eliminate illegal mining across the State, warning that individuals, groups and companies operating outside the law will be arrested and prosecuted if they fail to stop their activities immediately. The fresh directive comes as the State Government steps up efforts to restore order in the mining … Read more