The Nigerian stock market kicks off the year in the green on Friday, January 2, with ₦561.55 billion gained by investors. The positive momentum maintained on the floor of the Nigerian Exchange Limited (NGX) saw the market capitalisation rise to ₦99.94 trillion from ₦99.38 trillion, as the market ended on Wednesday, December 24, 2025. Similarly, …
The Securities and Exchange Commission (SEC) stated that it would focus on mobilising long-term capital to bridge Nigeria’s infrastructure gaps, streamline regulations, and promote innovative financial instruments that drive investment into productive sectors. The SEC Director General, Emomotimi Agama, said in a New Year's Message on Thursday. Specifically, he said the commission would facilitate the …
Obiageli “Oby” Ezekwesili, founder of the School of Politics, Policy and Governance (SPPG), has called for the suspension of any version of the Tax Reform Act currently in circulation. She made the call in a public memorandum she addressed to President Bola Tinubu and the National Assembly. Titled 'Credibility Crisis in the Nigerian Tax Reform …
Two days after he was hurt in a deadly car crash outside Lagos, Nigeria, British boxing star Anthony Joshua was released from hospital on Wednesday and will continue recovering at home, Nigerian officials said. The two-time heavyweight champion and 2012 Olympic gold medallist had been kept for observation at Lagoon Hospital with minor injuries following …
Senate President Godswill Akpabio has ordered the withdrawal of all ongoing defamation lawsuits filed in his name, saying the decision followed personal reflection during a New Year Mass. Akpabio made the announcement on Thursday while speaking at Sacred Heart Parish in Uyo, Akwa Ibom State. He said he was deeply moved by the priest’s sermon, …
After losing the All Progressive Congress's (APC) Presidential Primary Election in 2023, former Kogi State Governor Yahaya Bello has declared his intention to contest the Kogi Central Senatorial District seat in the 2027 forthcoming election. Bello, who governed the state for eight years, made his ambition known on Tuesday, signalling his return to active partisan …
Heirs Energies has acquired the entire 20.07 per cent equity stake previously held by Maurel & Prom S.A. in Seplat Energy Plc. The transaction was reportedly valued at $500 million at a price of GBP 3.05 pence per share, amounting to 120.4 million ordinary shares. Pinnacle Daily reported that Heirs Energies recently secured a $750 …
NIPCO Plc has proposed a new deal to raise its stake in Savannah Energy Plc to about 26.5 per cent. The deal intends to terminate the off-market share buyback agreement announced earlier on October 22 this year and approved by shareholders on November 28. Savannah Energy announced on Tuesday, December 30, its plans to enter …
Reactions have trailed President Bola Tinubu’s approval for the major write-off of debts owed by the Nigerian National Petroleum Company (NNPC) Limited to the Federation Account, clearing over 90% of legacy obligations up to the end of 2024. A report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) presented during the November 2025 Federation Account …
The Nigerian National Petroleum Company (NNPC) Limited has opened the bidding process to sell stakes in several of its oil and gas assets. This move is part of a broader strategy to optimize its portfolio, raise much-needed capital, and attract fresh investment into Nigeria's energy sector. A Reuters report on Monday, December 29, said NNPC …
