The net worth of Nigerian-American billionaire Adebayo Ogunlesi has surged by $600 million in a single week to $2.3 billion from $1.7 billion as of January...
Guinness Nigeria Plc has reported a pre-tax profit of N20.1 billion for the second quarter of 2024 under the management of its new parent company, Tolaram...
Wema Bank Plc has announced plans to complete its capital raise with a combination of a rights issue and a special placement exercise set to begin...
The House Committee on Public Accounts has launched an investigation into the Central Bank of Nigeria (CBN), Shell Petroleum Development Company, and Sterling Bank over allegations...
The Federal Government has revealed that Nigeria’s energy sector received a total investment of $6.7 billion in 2024. This was contained in a report released by...
Africa’s largest crude oil producer, Nigeria, oil production is nearing its 1.5 million-barrel-per-day (bpd) quota set by OPEC+. This turnaround follows years of declining production driven...
Oando PLC, Africa’s leading indigenous energy solutions provider, has secured the operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin. This achievement follows a competitive...
The dollar to naira exchange rate continues to be a focal point in Nigeria’s financial landscape, especially in the black market. On January 23, 2025, the...
Transcorp Power Plc, a Transcorp Group power business, hit significant milestones in financial performance for the fiscal year 2024, signalling further robust growth in revenue and...
Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned to Nigeria. Her return comes after serving part of a six-year...