Author: Ogochukwu Ndubuisi

Oil Prices Dip on Potential U.S.-Iran Deal Oil prices edged lower on Friday as optimism over a potential US–Iran agreement eased geopolitical risk sentiment, although ongoing tensions in Lebanon capped losses. International benchmark Brent crude traded at $98.80 per barrel, down around 0.6% from the previous close of $99.39. US benchmark West Texas Intermediate fell about 0.98% to $93.76 per barrel, compared with $94.69 in the previous session. Oil prices declined in early trading as expectations grew that tensions in the Middle East could ease. US President Donald Trump said Thursday that Washington is “very close” to reaching a deal…

Oando Plc announced that its upstream Joint Venture (JV) with NNPC E&P Limited (NEPL), the NEPL/Oando JV, has enabled the delivery of a 60-megawatt (MW) Independent Power Plant (IPP) in Yenagoa, Bayelsa State.

Investors Gain N1.66trn in Nigerian Stock Market The Nigerian stock market extended its bullish run on Thursday, with investors recording a gain of N1.663 trillion as market capitalisation rose to N136 trillion. The uptrend was driven by price appreciation in stocks such as Guinea Insurance, Trans-Nationwide Express, Aradel, Ecobank Transnational, Daar Communications and 40 other equities. Specifically, the market capitalisation increased by 1.23 per cent, representing a gain of N1.663 trillion, to close at N136.435 trillion compared with N134.772 trillion recorded at the opening of trading. Similarly, the All-Share Index (ASI) rose by 2,583.61 points or 1.23 per cent to…

The Federal Government of Nigeria (FG) has partnered with investors and other stakeholders to revive the palm oil subsector and reduce the country’s dependence on imports.

Veritasi Homes & Properties Lists N10bn Bond on FMDQ FMDQ Securities Exchange Limited has approved the listing of Veritasi Homes & Properties PLC’s ₦10.00 billion 3-Year 20.00% Series 1 Fixed Rate Bond under its ₦30.00 billion Bond Issuance Programme. This milestone highlights the Exchange’s role in facilitating efficient capital formation in Nigeria’s fixed-income market, according to an official statement released on Thursday. FMDQ said Veritasi Homes & Properties PLC is a leading real estate development company in Nigeria with a proven track record of delivering high-quality residential and commercial properties across strategic locations. The proceeds from the Bond issuance, sponsored…

Breedjr Tops $4M Payouts, Launches Crypto-to-Naira Settlements Breedjr, a crypto-to-naira payout platform, has surpassed $4 million in total payouts since its launch in 2025, while unveiling an upgraded payout experience designed to deliver faster settlements and improved rate transparency for users. The update is tailored for a growing segment of users, including traders, freelancers, and recurring converters, who rely on seamless conversion of digital assets into naira. With the enhanced experience, users can generate a receiving address within the app, view exchange rates upfront before initiating transactions, send funds from any exchange, and receive naira directly into their Nigerian bank…

Nigeria at Forefront of Africa’s Blue Economy Growth – NPA The Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, says Nigeria is at the forefront of Africa’s blue economy growth. Dantsoho said this while speaking at the Blue Economy Investment Summit on Wednesday in Abuja, noting that Nigeria’s port system would play a pivotal role in unlocking investments nationwide. He said that Nigeria’s port system would play a pivotal role in unlocking strategic investments and accelerating economic growth, driven by ongoing reforms and improved private sector participation across the maritime sector. Dantsoho attributed…

The Nigeria Deposit Insurance Corporation (NDIC) says it has begun the process of concluding the liquidation of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their acquisition by new owners.

The Nigerian Exchange (NGX) All-Share Index soared sharply midweek, driven by positive price movement recorded by some blue-chip companies.

Nigeria’s headline inflation rate increased to 15.38% year on year, according to consumer price index data released by the national statistics office on Wednesday.