Sterling Financial Holdings Company Plc has started a major restructuring of its shares, with every 10 existing shares being converted into one new share. The exercise has temporarily stopped trading in the company’s shares on the Nigerian Exchange (NGX) as Sterling Financial and its registrars work to update shareholders’ records. The suspension began on September…
The Coca-Cola System in Nigeria says it plans to invest an additional $1 billion in the country over the next five years, while stressing that the business environment will be important to how the investment programme moves forward. The company made the latest disclosure on Saturday, September 26, as it highlighted the wider economic activity…
Rivers State has a ₦1.84 trillion budget for 2026. But beyond the big number, what does that actually mean for someone living or running a business in Rivers? The answer will depend largely on how much of the budget is eventually spent on the projects and programmes it was designed to fund. Governor Siminalayi Fubara…
Residents and motorists in Port Harcourt and other parts of Rivers State are facing renewed pressure from rising fuel costs, with petrol selling for about ₦1,400 per litre at some filling stations in the state. Checks in Port Harcourt showed that petrol was sold at ₦1,400 per litre at Eternal and Whiz filling stations, while…
Kenyan President William Ruto on Friday visited the Dangote Petroleum Refinery in Lagos, days ahead of the planned groundbreaking of a new refinery being developed by the Dangote Group in Kenya. Ruto, accompanied by First Lady Rachel Ruto and other Kenyan officials, toured the Lekki-based refinery following an invitation by Aliko Dangote, President of Dangote…
The Alternative Bank is set to host a virtual discussion today on the barriers hindering trade, movement and economic growth across Africa. The session, titled “Borderlands & Barriers: What They Mean for Africa’s Economic Future,” is scheduled for 11 a.m. today on X Spaces. The discussion will examine challenges confronting businesses operating across African borders,…
PiggyVest’s OpenHouse 2026 is holding today, September 26, at the National Theatre in Lagos, bringing together entrepreneurs, professionals and members of its community for discussions on business, money, work and technology. The annual event, organised by Nigerian digital savings and investment platform, PiggyVest, is focused on how Nigerians can earn, build and manage wealth amid…
The value of companies listed on the Nigerian Exchange (NGX) rose to a new record on Wednesday as investors continued to buy into banking, insurance and consumer stocks. Market capitalisation increased by ₦374.1 billion, moving from ₦162.68 trillion at Tuesday’s close to ₦163.06 trillion at the end of Wednesday’s trading session. The NGX All-Share Index,…
A major gas project in Rivers State has moved forward after TotalEnergies and AMNI International took the Final Investment Decision (FID) on the long-delayed Ima Gas Project. The project, located offshore near Bonny Island, is expected to start producing gas in 2028, more than 50 years after the Ima field was discovered in 1973. The…
The Federal Government is expected to take delivery of 500 new Compressed Natural Gas (CNG) refuelling stations by the end of October as part of efforts to expand access to CNG across the country. Executive Chairman of the Presidential CNG Initiative (PCNGI), Ismael Ahmed, disclosed this in an interview with Sunday PUNCH, stating that the…
