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Fintech Secures SEC License, Manages ₦10 Billion in Assets, and Appoints Investment Veteran

Bisi Adele, The Naija247news -
LAGOS, Nigeria – a Nigerian fintech firm managing over ₦10 billion in assets, has secured a Securities and Exchange Commission (SEC) license to operate...

BUSINESS News

Business News

FCT Minister Revokes 4,794 Land Titles in Abuja Over Unpaid Ground Rent

Agnes Ekebuike -
The Federal Capital Territory (FCT) Minister has revoked 4,794 land titles across Abuja due to the owners’ failure to pay ground rent for over...

Nigeria, Brazil Sign $1.1bn Pact to Boost Food Production, Strengthen Private Sector Investment

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16 Nigerian Public Companies Surpass ₦1 Trillion in Market Capitalization

Capital Market Data Ifeoluwa Okonkwo -
In a remarkable financial milestone, 16 publicly listed Nigerian companies have each surpassed a market capitalization of ₦1 trillion, demonstrating the resilience of the...

SEC Suspends Centurion Registrars and Expands Enforcement Measures to Tackle Capital Market Violations

SEC Nigeria David Okoroafor, News Writer -
The Securities and Exchange Commission (SEC) has announced the suspension of Centurion Registrars Limited, alongside its directors and sponsored individuals, from the capital market....

Nigerian Equity Market Slips 0.25% on Friday; Tantalizer, Jaiz Bank Among Biggest Losers

Nigeria Stock Exchange Emman Tochi -
Lagos, March 14, 2025 (Naija247news) – Nigeria’s equity market experienced a modest downturn on Friday as key performance indices dipped by 0.25%. Data from...

NGX Market Cap Declines by N48 Billion, Trading Volume Increases by Over 350%

Nigeria Stock Exchange David Okoroafor, News Writer -
Lagos, March 12, 2025 (NAN) – Trading activities on the Nigerian Exchange Ltd. (NGX) on Wednesday ended on a negative note, with the market...

Global Stocks Stabilize as Investors Pause Following Market Selloff

Financial Markets David Okoroafor, News Writer -
Global stock markets paused their recent selloff as investors reassessed economic conditions and financial outlooks, offering a brief moment of stability amid ongoing volatility.

OIL & ENERGY

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NCDMB to Investigate SEEPCO Over Alleged Expatriate Quota Violations and Anti-Labour Practices

News Analysis Peter Anene, Business Editor -
Full Story: The Nigerian Content Development and Monitoring Board (NCDMB) has announced plans to investigate Sterling Oil Exploration and Energy Production Company (SEEPCO) over allegations...

“ Nigeria’s Asharami Energy Joins UNEP’s OGMP 2.0 to Advance Methane Emission Reduction”

News Analysis Content Partners -
Group, has joined the United Nations Environmental Program (UNEP)-led Oil and Gas Methane Partnership (OGMP) 2.0, reinforcing its commitment to environmental sustainability and responsible...

Federal Government Approves Construction of Modular Refinery in Abia State

News Analysis Joseph Adam -
The Federal Government has granted approval for the construction of a modular refinery in Abia State, which will be developed by H.I.S. Refinery and...

Nigeria Approves 300-Truck Petrol Supply to Niger Amid Fuel Crisis

News Analysis Charles Akpeji -
The Nigerian government has authorized the delivery of 300 trucks of Premium Motor Spirit (PMS), commonly known as petrol, to the Niger Republic. This...

We Need a Win-Win Approach to Increase Nigeria’s Oil Output, Lokpobiri Tells IOCs

News Analysis Joseph Adam -
The Minister of State for Petroleum Resources, Heineken Lokpobiri, has reaffirmed the Federal Government’s commitment to boosting investments in the oil and gas sector....

politics & govt

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Shettima Applauds Tinubu, Urges National Assembly to Prioritize Unity Over Partisanship

Bola Tinubu Presidency Agnes Ekebuike -
Vice President Kashim Shettima has commended President Bola Ahmed Tinubu for his leadership while calling on members of the National Assembly to set aside...

“Ajayi Calls for Harsh Punishment Against NYSC Member Over Criticism of Tinubu’s Administration”

Political parties The Editor, Naija247news -
Media aide to President Bola Tinubu, Temitope Ajayi, has sparked controversy by calling for “capital punishment” for a female National Youth Service Corps (NYSC)...

“Governments Must Stop Undermining Trade Unions for Their Selfish Interests,” NLC Responds to Obasanjo

South West By Naija247news -
The Nigeria Labour Congress (NLC) has fired back in a response to former President Olusegun Obasanjo over his recent critique of trade unions and...

Kwara Hotel Rehabilitation Costs Surge to ₦23 Billion Amid Controversy

North Central By Naija247news -
The Kwara State Government, led by Governor AbdulRahman AbdulRazaq, has allocated a staggering ₦23 billion to the rehabilitation of Kwara Hotel over two years,...

Wike Threatens to Sack FCDA Acting Executive Secretary Over Alleged Shady Compensation Deals

North East Joseph Adam -
  On Monday, the Minister of the Federal Capital Territory (FCT), Nyesom Wike, issued a stern warning to the acting Executive Secretary of the Federal...

MONETARY & FISCAL POLICY

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Naira Rises To ₦1,565/$ In Parallel Market

FOREX Market Favor Akpan, News Writer -
The Naira appreciated to ₦1,565 per dollar in the parallel market on Tuesday, up from ₦1,570 on Monday, while depreciating to ₦1,537 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data from the CBN showed a ₦9 drop in the indicative exchange rate, narrowing the gap between the parallel market and NFEM to ₦37 per dollar.

Nigeria’s debt profile needs immediate action, analysts counter IMF

News Analysis Favor Akpan, News Writer -
Experts at investment firm Afrinvest have sounded the alarm over Nigeria’s rising debt profile, urging immediate action to prevent further economic strain. Their concerns...

COMMODITIES

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Crude Oil, Gold, and Cocoa Decline as Natural Gas Surges – Feb 28, 2025

Gold Emman Tochi -
Commodity markets saw a mixed performance on Friday, February 28, 2025, as key energy, metal, and agricultural prices fluctuated in response to shifting global...

Ikom Cocoa Processing Plant Can Generate N900bn Annually, Says Agro Firm

Cocoa Babatunde Akinsola -
Calabar, Feb. 23, 2025 (Naija247news) – The Ikom Cocoa Export Processing Plant in Cross River State has the potential to generate N900 billion ($600...

state of the Nation

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Anambra State Shakes: “They MUST Go to Jail” – Soludo Speaks Out on Corruption and Accountability

Regions Akin Yusuf -
Governor Charles Soludo of Anambra State has stirred the pot with some seriously bold words. In a recent public address, he made it crystal...

Nigerian Youth Launch #30DaysRantsChallenge: A Deep Dive Into Their Frustrations and Concerns

Worker right By Naija247news -
Nigerian youth have taken to social media in droves, launching the #30DaysRantsChallenge, an initiative where they express their frustrations, concerns, and dreams about the...

The BackPage

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NYSC ‘Mouth Padlock’ Rule Is A Ruse, By Adeola Soetan

Nigerianism By Naija247news -
Some of the former radical student activists, or so-called, now condemning the lady corps member for speaking out against the Tinubu regime, seem to...

Natasha vs. Akpabio: Brewing Tensions in the Senate

Viewpoint Agnes Ekebuike -
The growing friction between Senate President Godswill Akpabio and Senator Natasha Akpoti-Uduaghan has taken center stage in Nigeria’s political discourse, raising concerns about internal...

Nasir el-Rufai: The Bloodlust Of A Presidential Wannabe, By Chidi Anselm Odinkalu

Viewpoint By Naija247news -
In the week in which former Kaduna State Governor, Nasir el-Rufai abandoned the ruling All Progressives Congress (APC) to chart a different political trajectory...

2027 Elections: A Test for Tinubu’s Reforms and Leadership Legacy

Viewpoint By Naija247news -
As the battle for the 2027 Nigerian presidency heats up, one thing is certain: the nation will experience nearly constant shifts in its political...

May Soludo Never Happen to Ndi Anambra Again

Viewpoint By Naija247news -
SECOND TERM BID: WHY NDI ANAMBRA MUST REJECT PROF SOLUDO As Prof Chukwuma Soludo is beginning to wind up his tumultuous first...

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Foreign Policy

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“Nigeria and Brazil Sign $8 Billion Green Imperative Project Agreement to Boost Agricultural Sector”

Bilateral Ties The Editor, Naija247news -
The Federal Government of Nigeria has entered into an agreement with Brazil for the Green Imperative Project (GIP), a significant partnership aimed at investing...

Nigeria Reaffirms Strong Ties with Cuba as Bilateral Trade Grows to ₦279 Million

Bilateral Ties David Okoroafor, News Writer -
The President of the Senate, Senator Godswill Akpabio, has reiterated Nigeria’s unwavering commitment to strengthening its relationship with Cuba, describing their bond as a...

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The latest

“I Am Sorry” – Corps Member Apologizes After Calling Lagos ‘Smelling State’ in Viral Video

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A member of the National Youth Service Corps (NYSC)...

Atiku’s Aide Slams Ajayi’s Capital Punishment Call, Accuses Tinubu of Inflicting Economic Hardship

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A spokesperson for former Vice President Atiku Abubakar has...

Nasarawa Court Begins Hearing in Alleged Murder of Corps Member

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A Nasarawa State High Court has commenced hearing in...

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