Author: Ogochukwu Ndubuisi

SEREC Urges Review of NPA Tariff Increase The Sea Empowerment and Research Centre (SEREC) has urged a review of the recent tariff increase by the Nigeria Ports Authority (NPA). SEREC’s Head of Research, Eugene Nweke, made the call in a statement on Friday in Abuja. The NPA announced that, from March 1, U.S. dollar-denominated rates would be adjusted biennially. The adjustment will follow the Consumer Price Index for All Urban Consumers for the U.S. city average, covering all items. The index uses 1982 as the base year for measuring price changes, calculated from the average of the previous two years.…

Strait of Hormuz: 3000 Vessels Stranded in Middle East -IMO The International Maritime Organisation (IMO) says no fewer than 3,000 vessels and 20,000 seafarers are stranded in the Middle East over the ongoing war by the U.S. and Israel against Iran. The crucial Strait of Hormuz global shipping corridor marking the entrance to the Persian Gulf is essentially closed due to the threat of strikes from Iran, and elsewhere, the IMO declared. IMO Secretary-General Arsenio Dominguez warned of the global “knock-on” effect from the closure of the sea lane responsible for 20 per cent of the world’s oil. Dominguez disclosed…

The Federal Government (FG) is to establish a digital registry for radiographers and strengthen regulatory oversight to eliminate quackery in the profession and improve regulation in Nigeria’s diagnostic healthcare services.

NGX Index Surges as Nestle Nigeria, Stanbic IBTC Rally The Nigerian equities market closed Thursday’s trading session on a positive note as the All-Share Index (ASI) advanced by 18bps, amidst gains in high-cap stocks like MTNN, NESTLE, amongst others. However, market breadth closed negative, with 32 stocks gaining and 37 declining. In today’s market session, gains in NESTLE (+4.84%), STANBIC (+5.56%) and MTNN (+0.63%) were notable drivers of the market’s upbeat outcome, offsetting declines in DANGSUGAR (-7.10%) and JAIZBANK (-7.41%). However, the market breadth closed negative at 0.84x, as the session produced more laggards (38) than gainers (32). ETERNA (+10.00%)…

Quest Merchant Bank Limited has successfully fulfilled the ₦50 billion minimum capital requirement mandated by the Central Bank of Nigeria (CBN) for merchant banks.

The Nigerian Exchange (NGX) ended its recent positive streak on Wednesday, with the All-Share Index (ASI) declining 0.08% to 196,463.22 points, bringing the year-to-date return to 26.25%.

AEDC, NEDC Partner to Roll Out solar Mini-Grids The Abuja Electricity Distribution Company (AEDC), through its subsidiary, the Niger Electricity Distribution Company (NEDC), will collaborate with the Niger Government to deploy solar mini-grids and other renewable energy solutions. Mr Omede Odekina, Brand Marketing and Corporate Communications, NEDC stated this in a statement in Abuja on Tuesday. Odekina said that NEDC welcomed the commendable efforts of the Niger government, under the leadership of Gov. Mohammed Bago, to deploy solar mini-grids and renewable energy solutions to previously unserved and underserved communities across the state. He noted that the initiatives included the provision…

Sunbeth Secures Approval for N200bn Commercial Paper to Boost Cocoa Export Sunbeth Global Concepts Ltd., one of Nigeria’s largest cocoa exporters and a top five non-oil export contributor, has secured approval to establish a ₦200 billion Commercial Paper Programme. Sunbeth Global Concepts Ltd. is a leading agro-commodities sourcing and trading platform operating across key international markets. This is contained in a statement made available to the News men on Tuesday in Lagos. According to the statement, the company has launched up to ₦100 billion in Series 1, 2 and 3 Commercial Paper issuances under the programme to strengthen working capital…

Banking and oil stocks drove momentum in the Nigerian stock market on Tuesday, reflecting investors’ positive sentiment amidst earnings releases.

Ellah Lakes’ N235bn Public Offer Failed, Investors Get Refund Ellah Lakes Plc’s N235 billion public offers failed to meet the minimum subscription threshold required for allotment, according to a regulatory filing on the Nigerian Exchange. Management told the authority that public offer for 18.8 billion ordinary shares at ₦12.50 per share did not meet the minimum subscription threshold required for allotment. As a result, the offer has been declared unsuccessful, and no shares will be allotted to subscribers, according to the official statement submitted to the Nigerian Exchange. The company’s offer was opened on November 10, 2025, and closed on…