The Nigerian Stock Exchange (NGX) opened the new trading week on a slightly negative note, shedding ₦8 billion in market value on Monday, May 20, 2025, despite improvements in trading …
Energy
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Nigeria’s Brewery Sector Records N1.9tn Revenue in 2024, Signals Recovery Despite High Costs – Afrinvest
Nigeria’s brewery industry bounced back in 2024 with a remarkable 71.8 per cent year-on-year rise in revenue, hitting ₦1.9 trillion. This performance exceeded the earlier forecast of 39.2 per cent …
- AfricaBusinessEconomyEnergyFinance & ServicesNigeriaTechnologyWestern Africa
Baobab Group Sells Majority Stake in Baobab+ to US-Based BioLite
Baobab Group has completed the sale of its majority stake in Baobab+ to BioLite, a renewable energy social enterprise based in the United States. The move marks a significant shift …
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TotalEnergies Declares N13.58bn Dividend Amid Shareholders’ Demand for Bonus Shares
otalEnergies Marketing Nigeria Plc has announced a total dividend payout of N13.58 billion for the 2024 financial year, even as shareholders continue to press the board to issue bonus shares—a …
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DAPPMAN Says Dangote Refinery is Only Viable Option for Petrol Supply
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has said its members can only rely on the Dangote Petroleum Refinery for Premium Motor Spirit (PMS), also known as …
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Long-Term Investment Strategies for 2025
Introduction Long-term investing involves purchasing assets with the intention of holding them for an extended period, typically several years or even decades. This approach allows investors to benefit from compound …
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FIRS and RMAFC Form Joint Committee to Strengthen Tax Monitoring and Boost Revenue Sharing
The Federal Inland Revenue Service (FIRS) and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) have come together to set up a joint technical committee that will help improve how …
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Modular Refiners Kick Against Exclusion from FG’s Naira-for-Crude Deal Talks
The Crude Oil Refiners Association of Nigeria (CORAN) has raised alarm over what it called the continued exclusion of modular and smaller local refineries from the Federal Government’s ongoing discussions …
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Nigeria’s Inflation Rate Drops Slightly to 23.71% in April, But Many States Still Struggling
Nigeria’s inflation rate dropped slightly to 23.71 per cent in April 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). This …
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Industry Leaders to Chart Nigeria’s Energy Future at 2025 NOG Energy Week in Abuja
Top energy industry stakeholders from around the world are expected to converge in Abuja from June 29 to July 3, 2025, for the 24th NOG Energy Week, which is regarded …