The Debt Management Office (DMO) has announced the public offering of three Federal Government bonds worth N800 billion. Each bond is price at N1,000 per unit. However, in a statement on Tuesday, February 17, the DMO outlined the details of the bonds: The auction is schedule for February 23, with settlement set for February 25,…
Oando Plc has submitted an application to the Nigerian Exchange for approval to list a rights issue of 4,415,867,342 ordinary shares. The company aims to raise N220.79 billion in fresh capital through this offering. The details of the proposal were outlined in a regulatory filing signed by Mrs. Folasade Ibidapo-Obe, Oando’s Secretary and Chief Compliance…
MTN Group revealed its plan to acquire the remaining shares in IHS Holding Limited for $2.2 billion. The company offered $8.50 per share, a 3% premium over IHS’s closing price on February 4, 2026. MTN already held a 24.7% stake in IHS. This move followed IHS’s board acceptance of the offer on February 17, 2026….
The Nigeria Revenue Service (NRS) has begun rolling out its electronic invoicing and fiscal monitoring system in phases. This reform aims to improve tax administration, enhance transparency, and encourage businesses across the country to comply voluntarily. This initiative is part of a larger effort to modernize Nigeria’s tax system and enable real-time monitoring of transactions….
The Nigerian Exchange (NGX) hit a record high during the first trading session of the week. Surpassing N120 trillion and closing at N122 trillion. Investors gained an impressive N5 trillion in returns within a single day. Marking the strongest daily performance since May 23, 2023. This surge was driven by price rallies in Dangote Cement,…
The Federal Government (FG) and the Bank of Agriculture have distributed more than 2,000 tractors. And heavy-duty equipment to mechanized farmers. This initiative aims to increase agricultural production and strengthen national food security. The announcement made by the Minister of Agriculture and Food Security, Senator Abubakar Kyari. And the Managing Director of the Bank of…
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has introduced a diaspora banking and investment platform to serve Africans living and working worldwide, as well as within the continent. This platform, developed in partnership with leading ecosystem players. Such as United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group, and Avon Healthcare…
The Abia State Government, Governor Alex Otti has announced plans to begin clearing long-standing salary arrears. Owed to former Local Government councillors. This initiative targets those who served between 1999 and 2022 and is part of the administration’s broader effort. To address inherited financial and governance challenges. Governor Alex Otti shared this update during a…
Micro, small, and medium enterprises (MSMEs) in Nigeria are losing an estimated N5 trillion to N10 trillion annually. Due to employee fraud and workplace corruption. This alarming trend was revealed by the Centre for the Promotion of Private Enterprise (CPPE). In a statement shared with on Sunday. The policy think-tank described it as one of the…
The Dangote Petroleum Refinery supplied 40.1 million litres of petrol per day in January 2026. This amount represented 62 percent of Nigeria’s total daily petrol supply of 64.9 million litres. Importers provided the remaining 24.8 million litres per day. The Nigerian Midstream and Downstream Petroleum Regulatory Authority released these figures in its monthly report. Surge…
