Business
Veenocks gets $81.9 million loan for tile expansion
SAGAMU, Ogun State, Nigeria — The African Export-Import Bank has provided an $81.9 million senior term loan to Veenocks Limited to expand its porcelain tile plant in Sagamu,…
Faesol Ogungbayi
I write.
Business
Nigeria to open 40 oil blocks to bids on November 20
ABU DHABI, United Arab Emirates — The Nigerian Upstream Petroleum Regulatory Commission will open its bid portal for Nigeria’s 2026 oil and gas licensing round on November 20,…
Business
Google launches free offline skills platform
LAGOS, Nigeria — Google has launched a free digital learning platform that lets Nigerians and other Africans learn artificial intelligence and other digital skills without an active internet…
Business
Analyst projects ₦1,411 per litre petrol in November
LAGOS, Nigeria — Petrol prices in Lagos could reach ₦1,411 per litre in November if current freight, insurance and other import-related premiums remain unchanged, an energy analyst has…
Business
Nigerian startups raise $635 million in nine months
LAGOS, Nigeria — Nigerian startups raised $635 million in the first nine months of 2026, more than double the amount raised in the same period of 2025, and…
Business
Neveah repays ₦23.33 billion in commercial paper
LAGOS, Nigeria — Neveah Limited has redeemed five series of commercial paper with a combined value of ₦23.33 billion, the company said in a statement issued on Monday,…
Business
Access Holdings nine-month pre-tax profit up 8.29%
LAGOS, Nigeria — Access Holdings Plc reported a pre-tax profit of ₦667.36 billion for the nine months ended September 30, 2026, an increase of 8.29% from ₦616.25 billion…
Business
All-Share Index nears 255,000 as indicators overheat
LAGOS, Nigeria — The Nigerian equities market is approaching resistance near the 255,000 level as technical indicators show it is becoming overbought, according to a market analysis published…
News
Federal Government hands five electric buses to Kano
KANO, Nigeria — The Federal Government has handed five electric buses to two transport operators in Kano State, with the aim of cutting commuter fares by at least…
Business
Binance restores withdrawals in phases after hack
LAGOS, Nigeria — Binance, the world’s largest cryptocurrency exchange, has begun restoring withdrawals in phases after a cyberattack in which about $6.3 billion in digital assets was stolen.…
Business
Geregu Power profit falls 79.85% in nine months
LAGOS, Nigeria — Geregu Power Plc reported a pre-tax profit of ₦7.55 billion for the nine months ended September 30, 2026, a decline of 79.85% from ₦37.46 billion…
Business
CBN appoints eight new export inspection agents
LAGOS, Nigeria — The Central Bank of Nigeria (CBN) has appointed eight pre-shipment inspection agents to monitor crude oil and gas exports, along with two monitoring and evaluation…
Business
World Bank says Luanda may overtake Lagos by 2050
LAGOS, Nigeria — Lagos could lose its position as Sub-Saharan Africa’s most populous city to Angola’s capital, Luanda, by 2050, according to a World Bank report, as Luanda’s…
News
Tinubu defends $21.7 billion in loans as infrastructure
ABUJA, Nigeria — President Bola Tinubu has defended his administration’s borrowing plans, arguing that loans should be judged by the infrastructure they deliver, the economic value they create…
Business
eTranzact leads tech stocks with 10% gain as market rises
LAGOS, Nigeria — The Nigerian equities market rose on Thursday, October 29, 2026, with the All-Share Index gaining 1,200.24 points, or 0.47%, to close at 254,083.02 points. The…
Business
Court jails land-fraud official for seven years
ABUJA, Nigeria — The High Court of the Federal Capital Territory has convicted and sentenced Kinsley Eselebor, a staff member of the Federal Capital Development Authority, to seven…