Author: Ogochukwu Ndubuisi

Energia Ltd., an independent oil and gas company, has appointed Mr Oladimeji Bashorun as its Chief Executive Officer (CEO), following the exit of Mr Chidi Egonu.

XRP Price Rises as US Senate Resumes Clarity Act Talks Ripple (XRP) price climbed to $1.34 over 24h as the US Senate set to resume Digital Asset Market Clarity Act talks, boosting investor optimism in the cryptocurrency market on Monday. The slight positive price movement was driven by a modest macro-driven market lift amid ongoing geopolitical tensions. XRP trading is down 13% to $1.8 billion, while its market cap has topped $82 billion. The gain mirrors Bitcoin’s swing, indicating the price surge was driven by broader market sentiment rather than XRP-specific news. The ongoing geopolitical tensions over the U.S. blockade…

Zichis Agro-Allied Industries Plc has distanced itself from media reports suggesting that the Company is set to undertake an Initial Public Offering (IPO) or related capital raising activity.

What World Bank Oil Import Advice Means for Nigerians Oil imports will boost consumer power through enhanced competition and remove the risk of a Nigerian cement industry playbook in which prices surge despite localised raw materials. The World Bank is not the enemy for saying that the Nigerian government should issue oil import licenses to boost competition in the critical segment. The advice came in contrast to Dangote Refinery’s expectation, a multibillion-dollar company that has been engaged in a long fight to stop oil imports into Nigeria since it became operational.  What the World Bank is asking the government to…

Oil prices fell by around 11% over the week as expectations of a ceasefire in the Middle East eased immediate supply concerns, although ongoing tensions kept markets volatile.

Pi Network price climbed to $0.169 in 24h, outperforming a down market where Bitcoin fell 1.46%, primarily driven by low-volume drift in a thin market.

Market value of Lafarge Africa Plc.’s 16.107 outstanding shares climbed by 8.52% to N3.756 trillion in the Nigerian Exchange on Friday, its highest in 52 weeks.

Tomato Farmers Predict Steady Price Hike From May The Tomatoes Growers and Processors Association of Nigeria (TOPAN) has predicted a steady increase in the price of the produce between May and June 2026. The Kaduna State Chairman TOPAN, Mr Rabiu Zuntu, disclosed this in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos. Zuntu noted that although there is no particular time for tomatoes planting season up north, seasonal weather variations can affect the production of the produce. “Although we can plant tomatoes all-year-round, we cannot assure quality harvest all-year-round. “Some farmers are harvesting now, while…

Money Market Rates Steady Amidst Heavy Liquidity Money market rates were steady amid heavy liquidity in the financial system, reflecting the absence of significant funding pressure. The financial system was debited for the Nigerian Treasury bills auction conducted on Wednesday, and the Central Bank practically ignored the excess funding level, with no open market operations. Market analysts said funding costs remained stable, with both the Overnight rate and the Open Repo rate holding firm at 22.31% and 22.00% respectively. According to AIICO Capital Limited, liquidity in the banking system opened Thursday on a surplus note of ₦6.62 trillion, but ₦472.25…

In a fresh price retracement, Ripple (XRP) dipped 3.45% to $1.33 over the past 24 hours, underperforming a slightly weaker broader market, primarily driven by persistent selling pressure and a rejection at key resistance.