A Nigerian conglomerate, MSM Group, has expressed its desire to acquire one of the most strategic power assets in the country, Geregu Power plant. The firm is showing interest in the power and energy ...

For returning to profitability, a leading ratings agency, GCR Ratings, has revised the outlook of Nigerian Breweries Plc to stable from evolving. Similarly, the national scale long-term and short-term ...

Foreign exchange (FX) volatility, rising inflation, and a decline in foreign-used cars, otherwise known as Tokunbo, has triggered a strong demand for Nigerian-used vehicles, leading to a 22 per cent ...

The federal Government has approved a new policy known as Medipool, which targets lowering the cost of drugs and other medical consumables for Nigerians. This was part of the decisions reached at the ...

The British Government has distanced itself from the actions of Mr Micah Polo, an alleged British army officer, who was recently apprehended in connection with arms procurement and an alleged plot to ...

African Export-Import Bank (Afreximbank) has backed plans to set up an oil trading house called Africa Trading Minerals (Atmin), which will finance the purchase of refined petroleum products by ...

Nigeria’s Mining Cadastral Office (MCO) says it processed 955 applications for mineral title grants but approved a total of 867 licenses during in the first quarter of 2025. The Minister of Solid ...

The Corporate Affairs Commission (CAC) has given all unregistered businesses in Nigeria to register within six weeks or risk jail term. In a statement on Tuesday titled Public Notice: Carrying on ...

Eight persons, comprising four Nigerians and four foreigners, believed to have promoted the failed Ponzi scheme, Crypto Bridge Exchange (CBEX), in Nigeria have been declared wanted by the Nigeria ...

Shipowners have commended the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, for the directive to the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process ...

The Securities and Exchange Commission (SEC) is moving to apply a more forceful and coordinated enforcement regime against unregistered and illegal “phony” investment schemes, otherwise known as Ponzi ...

Arnergy, a cleantech startup, has raised a $15 million Series B extension, on top of a $3 million B1 round last year, bringing its total for the round to $18 million to boost solar energy access in ...