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Global market has lost 880mb of oil ‘forever,’ says Saudi Aramco
Saudi Aramco has issued one of the starkest warnings yet about the state of the global energy market, declaring that nearly 880 million barrels of liquid hydrocarbons have effectively vanished from global supply chains as the Strait of Hormuz crisis…
Nigeria’s pension fund assets hits N29.52trn — PenCom
National Pension Commission has disclosed that Nigeria’s pension fund assets increased by about N90 billion to N29.52 trillion as of February 2026, supported by gains in domestic equities and Federal Government securities despite tight liquidity conditions and ongoing portfolio rebalancing….
NGX RegCo recovers N500m in restitution for shareholders
Independent regulatory arm of the Nigerian Exchange Group, the NGX Regulation Limited (NGX RegCo) says it has successfully facilitated recoveries exceeding N500m for shareholders following the resolution of various complaints involving market operators. The independent regulatory arm of the Nigerian…
Shareholders approve new name for Lafarge Africa
Shareholders of Lafarge Africa have approved a resolution to change the company’s name to HBM Nigeria Plc. I According to a notice filed with the Nigerian Exchange (NGX) Limited on Tuesday, the decision was taken at the firm’s 67th annual…
Lagos clears 14 firms to operate off-grid, metering electricity services
Lagos State Electricity Regulatory Commission (LASERC) has issued licenses and to a total of 14 companies to operate off-grid and embedded generation, independent distribution, metering, and interconnected mini-grid electricity services. According to LASERC, the licenses and permits which…
Nigeria’s connectivity gaps largely structural, as minister warns MNOs over poor service
Federal Government, through the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has noted that the country’s connectivity gaps were largely structural, owing to years of neglect. This is even as the minister warned Mobile Network Operators…
Emirates reports $6.6bn PBT, high cash reserves, amid Gulf conflict
Aviation giants, the Emirates Group says it remains upbeat on outlook, as the carrier posted a record $6.6 billion profit in its 2025–26 annual report, although the impact of regional conflict was only felt during the final month of…
ExxonMobil, JA announce 2026 STEM Africa 2.0
JA (Junior Achievement) Africa with support from the ExxonMobil Foundation, has announced the launch of the 2026 STEM Africa Program, an initiative designed to equip young Africans with critical science, technology, engineering, and maths (STEM) and artificial intelligence (AI)…
Nigeria moves to establish national leasing company
Minister of Aviation and Aerospace Development, Mr Festus Keyamo has disclosed of plans by the federal government to establish a national leasing company to ease the acquisition of aircraft by the country’s domestic carriers. Mr Keyamo who announced this…
Sahara Group deepens sustainable waste management, commissions recycling hubs in Ojodu
Fred Asawe The social impact vehicle of Sahara Group, Sahara Group Foundation, weekend commissioned its 18th and 19th Sahara Go Recycling Hubs in Lagos State. According to the company, the new hubs livered in Ojodu Local Council Development Area (LCDA),…
