Month: July 2026
7702 posts
Federal Court invalidates House of Representatives’ N72.6bn compensation order against Seplat
A Federal High Court has overturned a legislative order requiring Seplat Energy to pay N72.6 billion, ruling that the House of Representatives exceeded its constitutional authority by attempting to exercise judicial powers.
AVA Capital prepares for Nigerian Exchange entry to boost market presence
AVA Capital Plc is scheduled to join the Nigerian Exchange Limited this Friday through a Listing by Introduction, a strategic move aimed at elevating its corporate profile.
Customs agents warn of demonstrations following claims of shipping manifest fraud
Members of the ANLCA are threatening to protest against shipping companies like MSC and Hapag-Lloyd, citing corrupt practices linked to misleading ship manifest declarations.
LCCI cautions that Nigeria is forfeiting its status as Africa’s primary tech destination
The LCCI warns that Nigeria's position as a top African tech hub is at risk due to regulatory instability and falling startup funding, calling for urgent policy reforms and infrastructure improvements.
Nigeria Wastes 62,400GWh of Power as Gas Flaring Surges by 18.6 Percent
Nigeria recorded a 18.6 percent increase in gas flaring between 2024 and 2025, resulting in 62,400 GWh of lost electricity generation potential and $2.2 billion in wasted resources.
National Assembly Praises SEC for Financial Discipline and Revenue Gains
The National Assembly has commended the Securities and Exchange Commission for its improved revenue generation and prudent financial management, challenging the agency to surpass its 2026 growth targets.
S&P Global Acquires Controlling Interest in Agusto & Co.
S&P Global is set to acquire a majority stake in the Pan-African rating agency Agusto & Co. to improve credit transparency and expand its influence in African debt markets.
Fuel Depot Costs Fall as Marketers Reduce Rates by up to N23 per Litre
Petroleum depot prices across Nigeria have trended downward as increased competition among marketers and improved supply from domestic refineries lead to significant rate cuts.
Nigeria’s Millionaire Count Drops by 47% Yet Remains Fourth in Africa
Nigeria has seen its millionaire population drop by 47% over the last ten years, yet it remains Africa's fourth-largest market for high-net-worth individuals.
Military Officer Murdered in Abuja; Three Detained Following Mob Killing of Plateau Model
A Nigerian Army intelligence officer was killed by gunmen in Abuja, while three suspects were arrested in Plateau State for the fatal mob beating of a 25-year-old model.