Dave Ibemere
5982 articles published since 20 Sep 2021
5982 articles published since 20 Sep 2021
MultiChoice is offering former Showmax subscribers in Nigeria a one-month DStv Stream Compact trial, with discounted plans available for interested persons.
Lagos faces power outages after the Egbin Power Station shutdown and transmission fault, forcing load shedding as authorities work to restore the electricity supply.
Abdulsamad Rabiu leads African billionaire wealth gains in 2026 with a $5.78 bn rise, ahead of Dangote, Rupert, Oppenheimer, and Sawiris, Bloomberg data shows.
Ibom Air warns of possible flight reductions as aviation fuel prices surge 350%, making operations increasingly unsustainable for domestic airlines in Nigeria.
Optimus Bank reported 2025 profit before tax rising 69.94% to N24.14bn, as gross earnings jumped 73.53% to N50.67bn, driven by strong core banking growth.
Nigeria’s external debt reached N74.43 trillion in Q4 2025, representing 46.73% of total public debt, with Lagos leading subnational borrowings while the FCT lowest.
Nigeria’s Debt Management Office plans to raise N700 billion through FGN bonds to fund budget needs and support ongoing fiscal management efforts.
Aliko Dangote says the Dangote Group refinery expansion to 1.4mbpd will create 95,000 jobs, boost capacity, and strengthen Nigeria’s fuel security and economy.
NGX closed higher as the All-Share Index rose 3.94%, market capitalisation hit N145.34 trillion, financial stocks dominated trading, and market sentiment.
Dave Ibemere
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