TotalEnergies Marketing Nigeria Plc has recorded a 26 per cent drop in revenue to N767.63 billion for the year ended December 31, 2025, down from N1.04 trillion in 2024. The company disclosed this in its audited financial statements released on the Nigerian Exchange Ltd. on Monday. Profit before tax recorded …
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NGX Regulation Limited, the regulating body of the Nigerian Exchange Group (NGX Group) has imposed a sum of N291. 29 million sanctions on CSL Stockbrokers Limited, Cowry Securities Limited, Meristem Stockbrokers Limited, SMADAC Securities Limited and Associated Asset Managers Limited over stock market infractions. Ugochi Eke on behalf of the NGX Rego …
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The Federal Government has launched the ‘Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA’ report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market. The high-level report, hosted by the Office of …
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In a landmark judgement, the Tapa Commercial Division of the Lagos State High Court on Wednesday, dismissed a multi-million Naira debt recovery suit filed by United Bank for Africa Plc against its customer, Arueyingho Gbemi Mac, finding that the bank acted in breach of regulatory and fiduciary obligations. Justice A. …
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An Ikeja Special Offences Court has adjourned the bail application of businessman Joseph Ufoma, facing charges by the Economic and Financial Crimes Commission (EFCC) over a $1.5 million oil fraud, to today, March 31, following his absence in court. Ufoma, who is being tried alongside Intermediate Investment Holdings Limited, faces a …
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Nigeria’s power Generation Companies (Gencos) recorded a weak cash recovery in 2025, with only 39.25 per cent of their total invoices settled, as unfunded government subsidies ballooned to N1.85 trillion in one year, weighing heavily on the liquidity of the electricity market. Latest industry data showed that Gencos issued invoices …
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Governor Seyi Makinde of Oyo State has approved N10,000 monthly transportation support allowance for civil servants in the state. Makinde announced this on Monday during the supervision of the YEAP-SAFER support disbursement and stakeholder engagement programme at the Fashola Agribusiness Hub in Oyo town. He said the initiative would be …
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Abia State Governor, Dr. Alex Otti, has noted that the current windfall from increased oil prices, partly triggered by the geopolitical tensions in the Middle East has boosted Nigeria’s fiscal space, adding that for a resource-dependent economy like Nigeria, this moment offers both relief and opportunity. Otti spoke weekend at …
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The African Democratic Congress has faulted the £746 million agreement signed by President Bola Tinubu during his UK state visit, describing it as disproportionately benefiting the United Kingdom while leaving Nigeria with a heavy debt burden. On Sunday, the ADC, in a statement by its national publicity secretary, Bolaji Abdullahi, …
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Former Vice President Atiku Abubakar has criticised the Bola Ahmed Tinubu-led Federal Government over its handling of the OPL 245 dispute, describing claims of a “final resolution” as misleading. In a statement issued on Sunday and signed by his media aide, Phrank Shaibu, Atiku said a fresh legal action by …
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