A gas field discovered off the coast of Rivers State in 1973 is finally moving towards production. On September 23, 2026, TotalEnergies and Nigerian energy company AMNI took the Final Investment Decision (FID) on the Ima gas development, more than five decades after the field was discovered. The project is expected to cost about $800…
If you own Sterling Financial Holdings shares and suddenly see that you have far fewer shares in your account, it does not necessarily mean you have lost money. Sterling has started a 10-for-1 share reconstruction, reducing its issued shares from about 68.5 billion to 6.85 billion. Trading in the company’s shares on the Nigerian Exchange…
Coca-Cola’s $1 billion investment plan in Nigeria is not new. The company announced the five-year commitment in 2024. What is new is the evidence that the investment is moving further from an announcement into actual expansion, with new production lines already commissioned and Coca-Cola HBC reaffirming the commitment in September 2026. That raises a bigger…
Nigeria’s return to the J.P. Morgan bond index after 11 years may sound like an investors’ and economists’ story. But beneath the finance-speak is a simpler question: what does it actually change for Nigeria? To summarize, the development could make Nigerian government bonds more visible and accessible to international investors, potentially bringing additional demand into…
Nigeria’s economy grew by 4.43 per cent in the second quarter of 2026, according to the National Bureau of Statistics (NBS). The figure is higher than the 3.89 per cent recorded in the first quarter and the 4.23 per cent recorded in the same period last year. Growth was recorded in both the oil and…
