FirstHoldco Reports Sharp Decline in 2025 Profit Amid Significant Impairment Charges FirstHoldco Plc Announces 2025 Financial Results: Pre-Tax Profit Declines 71% FirstHoldco Plc has released its unaudited consolidated and separate financial statements for the fiscal year ended December 31, 2025. The results reveal a substantial year-on-year decline in profitability, with a pre-tax profit of N229.097 […]
Zichis, Abbey Mortgage lead advancers as All-Share Index falls 0.09%
Market Analysis: Nigerian Equities Dip Amid Selective Gains Nigerian All-Share Index Edges Lower Despite Active Trading Session The Nigerian equities market experienced a slight contraction on Thursday, January 30, 2026, as the benchmark All-Share Index (ASI) declined by 0.09%. The index closed at 165,370.4 points, down from the previous day’s 165,527.3. Despite the marginal pullback, […]
Sanwo-Olu says Lagos state failed to achieve 10,000 CCTV installation plans
Lagos State Acknowledges Shortfall in 10,000 CCTV Installation Target | Security Update Lagos State Governor Acknowledges CCTV Installation Target Not Met Governor Babajide Sanwo-Olu has publicly stated that the Lagos State Government has not achieved its ambitious plan to install between 5,000 and 10,000 Closed-Circuit Television (CCTV) cameras across the metropolis. The admission was made […]
FAAN raises cargo port charges to N20 from N7, effective immediately
FAAN Increases Cargo Port Charges to N20 After 18 Years FAAN Announces Immediate Cargo Port Charge Increase to N20 The Federal Airports Authority of Nigeria (FAAN) has implemented an immediate upward review of cargo port charges, raising the tariff from N7 to N20. This adjustment marks the first increase in nearly two decades, with the […]
First Holdco Plc grows gross earnings to N3.4 Trillion for the unaudited full year ended December 31, 2025
First Holdco Plc Reports N3.4 Trillion in Gross Earnings for FY 2025 First Holdco Plc Announces Unaudited FY 2025 Results, Highlights Strategic Balance Sheet Strengthening First HoldCo Plc has released its unaudited financial results for the year ended December 31, 2025, showcasing a period defined by strategic actions to fortify its balance sheet and build […]
Lagos moves to seize unpaid taxes directly from banks and third parties
LIRS to Enforce Direct Tax Recovery from Banks and Third Parties Lagos State Activates Direct Tax Recovery Powers The Lagos State Internal Revenue Service (LIRS) has announced it will begin exercising its statutory power of substitution to recover outstanding taxes directly from the banks and financial associates of defaulting taxpayers. This decisive move, authorized under […]
HelpMe AI Solutions CEO Ezekiel Nwaeke on building human-centered AI for Nigeria
HelpMe AI Solutions: Building Human-Centered AI for Nigeria’s Future Ezekiel Nwaeke on Building Human-Centered AI for Nigeria As Nigeria’s technology sector rapidly evolves, a distinct focus on practical, accessible artificial intelligence is emerging. Ezekiel Nwaeke, Founder and CEO of HelpMe AI Solutions, is at the forefront of this shift, championing a human-centered approach to AI […]
Heirs Holdings announces two new Non-Executive Board appointments
Heirs Holdings Strengthens Governance with Key Board Appointments Heirs Holdings Announces Strategic Board Appointments to Drive Governance and Growth Heirs Holdings, a preeminent pan-African investment company, has reinforced its commitment to exemplary corporate governance and strategic leadership with the appointment of two new Non-Executive Directors. The company welcomes Obinna Ufudo and Sola Yomi-Ajayi to its […]
Nigeria’s booming stocks hit new highs—success with serious caveats
Nigeria’s Stock Market Highs: Analyzing the Boom and Underlying Risks Nigeria’s Stock Market Rally: Record Highs Mask Structural Complexities The Nigerian Exchange Group (NGX) is experiencing an unprecedented bull run, with its market capitalization surpassing the historic N100 trillion mark in early 2026. The All-Share Index has repeatedly shattered records, climbing to levels between 155,000 […]
Enugu airport concession agreement vetted by Justice Ministry, says ICRC
Enugu Airport Concession Agreement Vetted by Justice Ministry, Confirms ICRC ICRC Confirms Justice Ministry Vetting of Enugu Airport Concession Agreement The Infrastructure Concession Regulatory Commission (ICRC) has officially confirmed that the formal concession agreement for the Akanu Ibiam International Airport in Enugu has been vetted by the Federal Ministry of Justice. This critical legal review […]
Global oil prices fall below Nigeria’s $64.85 2026 budget benchmark
Global Oil Prices Dip Below Nigeria’s 2026 Budget Benchmark Global Oil Prices Fall Below Nigeria’s Critical 2026 Fiscal Benchmark Global oil prices declined below a level critical to Nigeria’s fiscal planning on Wednesday, driven by fears of an oversupplied market and renewed geopolitical tensions. This slide introduces significant volatility, with concerns that global supply could […]
Lagos begins e-registration for 2026 BECE, closes March 27
Lagos State Commences E-Registration for 2026 BECE Lagos State Launches Digital Portal for 2026 Basic Education Exams The Lagos State Government has officially initiated the electronic registration process for the 2026 Basic Education Certificate Examination (BECE). Managed by the Lagos State Examinations Board, the online window opened on January 26, 2026, and is set to […]
CPI methodology changes create credibility gaps – CPPE warns
CPI Methodology Revisions Risk Data Credibility, CPPE Warns CPI Methodology Changes Prompt Credibility Concerns from Business Group The Centre for the Promotion of Private Enterprise (CPPE) has issued a caution that recent alterations to Nigeria’s Consumer Price Index (CPI) calculation framework may have introduced significant credibility gaps. This development, the organization warns, threatens to undermine […]
NiMet forecasts dust haze and thunderstorms across Nigeria
NiMet Weather Alert: Nationwide Dust Haze and Thunderstorms Forecast NiMet Issues Weather Advisory for Dust Haze and Thunderstorms Across Nigeria The Nigerian Meteorological Agency (NiMet) has released a significant weather outlook for the nation, forecasting a combination of dust haze, sunny conditions, and isolated thunderstorms from Monday through Wednesday. This pattern is expected to reduce […]
FG denies siting gold refinery in Lagos
Federal Government Clarifies Stance on Lagos Gold Refinery Ownership Ministry of Solid Minerals Denies Ownership of Lagos Gold Refinery The Federal Ministry of Solid Minerals Development has issued a formal rebuttal to claims that the Federal Government sited a gold refinery in Lagos. The clarification, delivered via a statement from the Minister’s Special Assistant on […]
NCC bets on satellite D2D to bridge connectivity gap for 23.3m Nigerians
NCC Advances Satellite D2D to Connect 23.3 Million Underserved Nigerians NCC Champions Satellite D2D Technology to Bridge Nigeria’s Connectivity Divide The Nigerian Communications Commission (NCC) has formally proposed the adoption of Satellite Direct-to-Device (D2D) connectivity as a strategic solution to address persistent coverage gaps. An estimated 23.3 million Nigerians remain underserved by terrestrial mobile networks, […]
Edun to address inflation, FX stability, and fiscal policy at Davos 2026
Nigeria at Davos 2026: Edun to Outline Economic Strategy on Inflation and FX Nigeria to Showcase Reform Credibility at World Economic Forum 2026 The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will lead Nigeria’s economic dialogue at the World Economic Forum Annual Meetings in Davos, Switzerland, from January 19 to […]
Fresh CPI rebasing lifts Nigeria’s 2025 inflation higher across months
Nigeria’s 2025 Inflation Revised Upward After CPI Methodology Overhaul CPI Rebasing Reshapes Nigeria’s 2025 Inflation Narrative Nigeria’s inflation trajectory for 2025 has been significantly revised upward following a critical methodology review by the National Bureau of Statistics. The December 2025 rebasing of the Consumer Price Index, which shifted to a 12-month average reference period for […]
All-Share Index gains 0.04% as Redstarex, NCR advance
Market Analysis: Nigerian All-Share Index Edges Higher Amid Cautious Trading Nigerian Equities Close Marginally Higher as Trading Activity Slows The Nigerian equity market recorded a slight uptick in its trading session on January 16, 2026, with the benchmark All-Share Index (ASI) advancing by 72.2 points, or 0.04%, to close at 166,129.5. This marginal gain followed […]
FG inaugurates committees to drive National Intellectual Property Policy
FG Inaugurates Committees to Implement National IP Policy for Economic Growth Federal Government Launches Committees to Drive National Intellectual Property Policy The Federal Government has formally inaugurated two key committees to oversee the implementation of Nigeria’s National Intellectual Property Policy and Strategy (NIPPS). This strategic move is designed to boost innovation, enhance trade competitiveness, and […]
Nigeria’s social media economy may be growing faster than trust
The Trust Deficit in Nigeria’s Booming Social Commerce Economy The Trust Deficit in Nigeria’s Booming Social Commerce Economy Nigeria’s digital marketplace is experiencing unprecedented growth, with platforms like WhatsApp, Instagram, TikTok, and Facebook transforming into vital commercial hubs. For countless entrepreneurs, this ecosystem offers a lifeline—bypassing traditional barriers like shop rent and formal registration. Public […]
FAAC shares N9.62 trillion in 3 months as allocations slide
FAAC Allocations: N9.62 Trillion Shared in Q3 2025 as Monthly Disbursements Decline FAAC Disburses N9.62 Trillion Over Three Months Amid Downward Trend Data from the National Bureau of Statistics (NBS) reveals that Nigeria’s Federation Account Allocation Committee (FAAC) distributed a total of N9.62 trillion to federal, state, and local governments over a three-month period. This […]
JAMB announces April 16 to 25 as 2026 UTME exam dates nationwide
JAMB Announces 2026 UTME Exam Dates: Key Schedule and Registration Details JAMB Sets April 16-25, 2026 for Nationwide UTME The Joint Admissions and Matriculation Board (JAMB) has officially announced that the 2026 Unified Tertiary Matriculation Examination (UTME) will be conducted nationwide from April 16 to April 25, 2026. This critical announcement, part of a comprehensive […]
BREAKING: World Bank says Nigeria growth to hit 4.4% in 2026–2027
World Bank Forecast: Nigeria’s Economy Set for Decade-High Growth in 2026-2027 World Bank Projects Nigeria’s Growth to Accelerate to 4.4% in 2026 and 2027 In its January 2026 Global Economic Prospects report, the World Bank has forecast that Nigeria’s economy will expand by 4.4% in both 2026 and 2027. This revised outlook, which aligns with […]
NGX SWOOT dividend stocks to invest in January 2026
NGX SWOOT Dividend Stocks: Top Picks for January 2026 Top NGX SWOOT Dividend Stocks for January 2026 Investment Nigeria’s equity market concluded 2025 with remarkable strength, posting a year-to-date surge of over 51%. This performance was significantly driven by the SWOOT (Stocks Worth Over One Trillion) segment, where twenty-two companies achieved an average share price […]