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A prominent oil and gas expert, Ken Ife, has stated that the newly implemented Nigeria Tax Act 2025 will significantly reduce revenue leakages in the country’s oil and gas sector. The expert explained that the tax reforms would streamline the fiscal framework, promote greater transparency, and build investor confidence in the industry. The Nigeria Tax

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First HoldCo Plc has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of N500 billion. This milestone, achieved well ahead of the regulatory deadline, positions FirstBank for accelerated growth and enhanced support for Nigeria’s real sector. The recapitalisation was achieved

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Tantita Security Services, a key player in securing Nigeria’s vital oil and gas installations, has enhanced its surveillance capabilities by contracting Textron Systems, a high-tech security company, to deliver cutting-edge equipment. As part of the contract signed on December 29, 2025, Tantita will receive three Aerosonde Mk. 4.7 vertical takeoff and landing (VTOL) uncrewed aircraft

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itel, the global tech empowerment brand, has teamed up with Pantone, the world’s leading authority on colour standards, to introduce an exclusive product collection inspired by PANTONE 11-4201 Cloud Dancer, the official Color of the Year for 2026. The collaboration, announced in a statement signed by itel Nigeria’s Public Relations Supervisor, Simeon Shagba, highlights the

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Hon. Dayo Bush Alebiosu, Commissioner for the Ministry of Waterfront Infrastructure Development, has outlined plans to regenerate parts of Kosofe Local Government Area, particularly Oworonshoki, emphasizing long-term economic value and sustainable development. In a New Year media briefing at his residence in Lagos, Alebiosu described the recent urban regeneration efforts as a well-thought-out initiative aimed

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Dangote Petroleum Refinery has reassured the public that its operations remain fully functional, with continuous production at its 650,000 barrels per day (bpd) facility in Ibeju-Lekki, Lagos State. The company dismissed claims of a shutdown, confirming that any routine maintenance on specific units does not affect overall production. In a statement released by the refinery,

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Champion Breweries Plc has successfully completed the issuance of its maiden N30 billion 5-year Fixed Rate Senior Unsecured Bond. Rand Merchant Bank served as the Lead Issuing House and Bookrunner for the bond. The bond was issued at a 19.50% coupon rate, as part of the company’s N45 billion Bond Issuance Programme. This marks a

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Olam Group has successfully obtained regulatory approvals in most jurisdictions for its planned sale of a 44.58% stake in Olam Agri Holdings to the Saudi Agricultural and Livestock Investment Company (SALIC), pushing the deal closer to finalization. The company revealed that approvals have been secured in all but two jurisdictions, though the deal still depends

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Mouka Limited, a leading manufacturer of household and industrial foam products and a member of the Dolidol International Group, has kicked off 2026 by renewing its heartwarming tradition of supporting families welcoming newborns. The initiative, which reflects the company’s long-standing commitment to enhancing lives through quality sleep, has seen Mouka partner with healthcare facilities across

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The Nigerian equities market has reached a historic milestone, with the total market capitalisation of all listed stocks surpassing N100 trillion for the first time. On January 5, 2026, the Nigerian Exchange (NGX) saw its aggregate market value rise from N99.938 trillion to N101.81 trillion, marking a new peak for the country’s capital market. This

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