Author: Ogochukwu Ndubuisi

Ecobank Partners with Yaba Art Museum to Launch the Lagos Pop-Up Museum Ecobank Nigeria, a subsidiary of the leading Pan-African banking group, in partnership with the Yaba Art Museum (YAM) of Yaba College of Technology, has announced the launch of the Lagos Pop-Up Museum — a dynamic cultural and artistic experience set to run for three months at the Ecobank Pan African Centre (EPAC) in Victoria Island, Lagos. The exhibition opens on November 8, 2025, and will continue until February 10, 2026. The Lagos Pop-Up Museum is conceived as a vibrant, citywide art and cultural advocacy platform. It will bring…

Woodhall Capital Targets $50 Billion in Global Investments Woodhall Capital, under the leadership of its founder Mojisola Hunponu-Wusu, is spearheading efforts to attract $50 billion in global investments aimed at accelerating development projects across Nigeria. In a recent interview, Hunponu-Wusu highlighted the firm’s growing momentum in mobilizing international capital. A key milestone in this journey was a pre-investor forum held at the Presidential Villa in Abuja, where representatives from all 36 Nigerian states engaged with global investors and development finance institutions (DFIs). She emphasized the importance of strategic partnerships in advancing large-scale infrastructure and energy projects. In line with this…

Market Wrap: NGX Shrinks as Equity Investors Lose N964bn The Nigerian Exchange (NGX) shrank as equity investors lost about N964 billion in the local bourse last week. For four out of five trading sessions, bearish sentiment took centre stage, snapping weeks of sustained bullish momentum as investors locked in gains and rebalanced portfolios ahead of the month’s close. Stock market analysts said the pullback came against the backdrop of mixed third-quarter earnings, particularly from the banking sector, which tempered investor optimism. The Nigerian Exchange benchmark index declined by 0.98% week-on-week to close at 154,126.45 points, while the market capitalisation fell…

Ministry, NUPRC, NNPC, Oppose Creation of Decommissioning, Abandonment Commission The Ministry of Petroleum Resources and its two agencies have jointly opposed the bill to establish the National Commission for the Decommissioning of Oil and Gas Installations (NC-DOGI), 2024. The agencies are the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian National Petroleum Company Limited (NNPC Ltd.) A statement in Abuja by Eniola Akinkuotu Head, Corporate Communications and Media, NUPRC said that the position was delivered at a public hearing organised by the House of Representatives Committee on Petroleum Resources (Upstream). In his submission, the Minister of State for Petroleum…

Five-Year Plan: China Pledges Stronger Nigeria Ties China has reaffirmed its commitment to strengthening cooperation with Nigeria as it embarks on a new development phase under its 15th Five-Year Plan. This was revealed during a dialogue jointly organised by China Media Group (CMG) and the Chinese Consulate on Friday in Lagos. The event’s theme, “Innovation, Openness, Shared Development,” highlighted opportunities for deepened economic, cultural, and technological collaboration between the two countries. It followed the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China (CPC), held in Beijing from Oct. 20 to Oct. 23. The plenary…

Dry Port: Oyo Govt Hands Over 90 Hectares of Land to FG The Oyo State Government, on Friday, officially handed over 90 hectares of land to the Federal Government for the construction of the proposed Moniya Inland Dry Port, in Ibadan. The state deputy governor, Mr Bayo Lawal, handed over the land, on the Ibadan-Oyo road, Moniya, in Akinyele Local Government Area, to the Minister of Marine and Blue Economy, Mr Gboyega Oyetola, who was represented by the ministry’s Permanent Secretary, Mr Michael Olufemi. Lawal described the Moniya Inland Dry Port as a project that would not only enhance the…

Meta, Nigeria to Agree Settlement Terms in $32.8m Data Breach Fine The Nigeria Data Protection Commission (NDPC) and Meta Platforms, Inc., will, on Nov. 3, adopt the terms of settlement in the dispute on the 32.8 million dollar fine imposed against the latter by the regulatory agency. Justice James Omotosho of the Federal High Court in Abuja fixed the date following the inability of Meta’s lawyer, Fred Onuobia, SAN, to file the processes on time. Onuobia, on Oct. 3, had informed the court of Meta’s plan to reconcile with NDPC in the suit the American multinational technology company filed seeking…

Zenith Bank’s Gross Earning Jumps 16%, Hits N3.4 Trillion Zenith Bank Plc has released its unaudited financial results for the nine months ended 30 September 2025, with a remarkable 16% year-on-year growth in gross earnings from N2.9 trillion recorded in Q3 2024 to N3.4 trillion in Q3 2025. The Group’s performance continues to demonstrate resilience, strong momentum, disciplined execution and an ability to deliver long-term shareholder value in spite of challenging macroeconomic environment. According to the financial results presented to the Nigerian Exchange (NGX), the growth in gross earnings was driven by a sustained growth in interest income which grew…

NGX Rebounds, Gains N285bn as Earnings Worries Ease The Nigerian Exchange (NGX) rebounded on Friday on signs of easing third quarter earnings worries – equities portfolio value increased by about N285.48 billion. Most of the listed companies have released their earnings, though with mixed performance across sectorial indices.  The Nigerian Exchange All-share index climbed by 0.29% on Friday despite a bucket of unimpressive earnings released by top banks, and the year-to-date return jumped to 49.74%. The positive price appreciation halted four successive sessions of decline, supported by renewed buying interest in recently moderated stocks with good fundamentals. Top choices among…

Access Holdings Profit Falls by 2.2% as Impairment Charge Spikes Access Holdings Plc.’s profit after tax moderated by 2.2% year on year to N447.50 billion, according to its financial statement for the nine-month period in 2025. The financial services group performance was relatively impressive except for growing concerns over asset quality, which triggered a higher impairment charge on expected credit losses. Hence, Access Holdings earnings per share (EPS) dropped 35% year on year to N8.00, impacted by the enlarged share base following the banking subsidiary recapitalisation. Details from Access Group’s unaudited financials showed that net impairment charge surged by 141.5%…