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Business + Economy

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Markets

NGX total market valuation jumps to N217.749trn mid-January 2026

Agnes Ekebuike Editor, Naija247news -
Nigeria’s capital market has recorded an extraordinary start to 2026, with the Nigerian Exchange (NGX) closing mid-January at a total market valuation of N217.749...

Elon Musk’s Wealth Nears $800bn After xAI Funding Round Revalues Company

MAX Raises $24m in Fresh Funding to Accelerate Electric Mobility Expansion Across Africa

Capital Market Operators Back SEC’s Recapitalisation Push, Signal Mergers, Stronger Market Ahead

Six in Ten Workers Still Poor Despite Job Growth in Sub-Saharan Africa — ILO Report

Companies

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Quoted Companies

Champion Breweries Secures SEC Approval for ₦42bn Public Offer

Ifeoluwa Okonkwo -
Champion Breweries Plc has secured approval from the Securities and Exchange Commission (SEC) to raise ₦42 billion through a public offer of ordinary shares,...

UBA Surpasses N500bn CBN Capital Requirement with N178bn Rights Issue

Ecobank Nigeria Prepays Over $245 Million of Eurobond Ahead of February Maturity

Heirs Energies Acquires Maurel & Prom’s 20% Stake in Seplat in Landmark $500m Deal

GTCO Secures CBN, SEC Approval for ₦10bn Private Placement to Bolster Capital Base

Banking & Finance

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Banking & Finance

“UBA Rights Issue Fully Subscribed, Raises N157.84bn as Investor Confidence Surges”

Godwin Okafor -
United Bank for Africa (UBA) has successfully closed its rights issue, raising N157.84 billion after the exercise was fully subscribed, the bank announced on...

Fidelity Bank Appoints Mrs Amaka Onwughalu as New Board Chairman

FIRST HOLDCO PLC Announces result of Private Placement of 3,276,923,077 ordinary shares of 50 Kobo each at ₦32.50 per share

CBN Revokes Licences of Aso Savings, Union Homes

First Bank Launches Digital Xperience Centre at University of Benin

FBNQuest asks Appeal Court to restrain Nestoil amid $1bn debt row

SMEs & Startups

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SMEs & Startups

Nigeria to Register 250,000 New MSMEs as SMEDAN Unveils 2026 Growth Plan

Press Release -
By Lucy Ogalue, News Agency of Nigeria Micro, Small and Medium Enterprises (MSMEs) remain a critical pillar of Nigeria’s economy, accounting for a large share...

Nigeria Secures $500m World Bank Funding to Boost MSMEs, Women-Led Businesses and Agribusiness

Nigeria Secures $1 Billion Innovation Fund to Boost Maritime Start-Ups

NiDCC Partners Five Indigenous Entrepreneurs for Capacity Building, Funding

SAN Joe Gadzama Denies Role in CAC OML 40 Filings Controversy

Allegations of Billions in Overcharges Rock CAC, Registrar-General Defends POS Registration Scheme

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Politics + Governance

Economy + Devt

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Religion + Faith

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Investidation + Corruption

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Education

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Sponsored Posts

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Techology

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AI & Future Tech

OpenAI Begins Testing Ads on ChatGPT, Signals Shift Beyond Subscription Revenue

Emman Tochi -
ABUJA, Jan. 17, 2026 (Naija247news) – OpenAI has begun testing advertising on ChatGPT, marking a major pivot in the artificial intelligence firm’s monetisation strategy...

Nigeria Commits ₦838.67bn to Science and Innovation in 2026 Budget, Signals Major Capital Push

Flutterwave Acquires Open Banking Startup Mono in $25m–$40m All-Stock Deal, Deepening Africa Fintech Stack

Nigeria’s 2026 Tax Reform Faces Cybersecurity Test, Expert Warns

Nigeria’s ICT Sector Hits N9.44tn in Q3 2025, Stakeholders Call for Urgent Broadband Expansion

Bloomberg Live: Markets & Business News

Watch Bloomberg’s 24/7 stream with real-time global market updates, economic news, and analysis from Wall Street, Asia, Europe, and beyond.

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ENERGY & C

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Infrastructure

CNG Queues Ease in Abuja as New Refilling Stations Boost Supply, Cut Waiting Time

Agnes Ekebuike Editor, Naija247news -
The persistent long queues that have characterised Compressed Natural Gas (CNG) refilling outlets in Abuja and its environs are gradually easing following the inauguration...

Firm targets electric vehicles investment as next phase of energy transition

Dangote Refinery says Fuel scarcity has gone with subsidy, Delivers World-Class Fuels to Nigerians

Nigeria Positions Itself as Africa’s Minerals Hub With Lithium, Gold Refining Push — Alake

Opec Fund, AfDB Deepen Strategic Partnership to Scale Development Impact Across Africa

ENVIRONMANT

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Lagos Govt to Demolish GNI Building After Deadly Fire, Warns Residents

Pollution Yetunde Kolawale -
Lagos, Jan. 2, 2026 — The Lagos State government has announced plans to demolish the Great Nigeria Insurance (GNI) building and some surrounding structures...

LCCI urges preventive measures to safeguard markets, protect SMEs after Lagos fire

Climate change Babatunde Akinsola -
LAGOS, Dec. 27, 2025 (Naija247news) – The Lagos Chamber of Commerce and Industry (LCCI) has outlined strategic measures to prevent market fires, safeguard enterprises,...

ANI Recruits 40 Rangers to Boost Security at Okomu National Park

Environment Agnes Ekebuike Editor, Naija247news -
The African Nature Investors (ANI) Foundation, in partnership with the National Park Service (NPS), has commenced the recruitment of 40 new rangers to enhance...

COP30: Sahara Group Advocates Scaled Nature-Based Investments to Strengthen Africa’s Climate Resilience

Environment Agnes Ekebuike Editor, Naija247news -
Sahara Group has said that scaling nature-based solutions across Africa will be critical to unlocking climate finance, accelerating adaptation, and strengthening the continent’s resilience...

NCF Urges Nigerians to Collaborate Against Plastic Pollution

Pollution Samuel Gbenga Salau -
LAGOS, Nov. 23, 2025 (Naija247news) — The Nigerian Conservation Foundation (NCF) has called on Nigerians to work together to tackle the growing menace of...

CEO Spotlight

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INTERVIEW: Kiara Rice Mills CEO Sees Potential in Nigeria’s Rice Market Amid Challenges

CEO EXCLUSIVE Godwin Okafor -
LAGOS, Nov 15 (Naija247news) – Africa’s largest rice mill, Kiara Rice Mills, continues to expand its operations in Nigeria’s rice industry, aiming to close...

“We’re Not Playing the 100 Million Subscriber Game” — ntel CEO Says as Firm Plots Q1 2026 Comeback

CEO EXCLUSIVE Sub Zero -
By Naija247news Business Desk Lagos, October 30, 2025 Mr. Soji Maurice-Diya, Chief Executive Officer of NatCom Development & Investment Limited (trading as ntel), says the company...

Campus Founder Tade Oyerinde on Acquisition of Sizzle AI and the Future of Higher Education

CEO EXCLUSIVE Peter Anene, Business Editor -
Campus founder Tade Oyerinde has revealed details about Campus’s recent acquisition of Sizzle AI, an AI-powered learning platform, and shared insights on the future...

“FirstBank Will Keep Bridging Financing Gaps Across Key Sectors,” CEO Vows

CEO EXCLUSIVE Sub Zero -
Abuja — FirstBank Group has restated its commitment to closing Nigeria’s financing gaps and leveraging digital innovation to drive sustainable growth across key sectors...

“For the First Time, Nigeria under Tinubu Administration Shared Over ₦2 Trillion in One Month” — Dr. Zacch Adedeji

CEO EXCLUSIVE Samuel Gbenga Salau -
“For the first time, Nigeria’s three tiers of government shared over ₦2 trillion in a single month — 70% from tax revenue,” says Adedeji,...
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Lifestyle + Culture

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Seun Kuti, Mr P Reconcile After 2023 Election Dispute

Arts & Entertainment Ifeoluwa Okonkwo -
ASO ROCK, F.C.T Abuja, Nigeria, Jan. 17, 2026 (Naija247news) – Nigerian musicians Seun Kuti and Peter Okoye, popularly known as Mr P of the defunct...

NTDA, FAAN partner to revive airport tourism desks

Travel & Leisure Agnes Ekebuike Editor, Naija247news -
The Nigerian Tourism Development Authority and the Federal Airports Authority of Nigeria have agreed to reinstate tourism information desks at major airports across the...

Uzodimma Moves to Establish Nigeria’s First Robotic Surgical Centre in Imo

News Emman Tochi -
OWERRI, Jan. 13, 2026 (Naija247news) – Imo State Governor Hope Uzodimma has taken a landmark step toward transforming Nigeria’s healthcare landscape with the signing...

“Which $40,000 Did We Steal?” — Regina Daniels Alleges Arrest Warrant Over Dispute With Ned Nwoko

Arts & Entertainment Emman Tochi -
ABUJA, Jan. 12, 2026 (Naija247news)  Nollywood actress Regina Daniels has publicly alleged that her estranged husband, billionaire politician Ned Nwoko, has obtained an arrest...

MMA2 to Introduce Structured Slot System in 2026 to Ease Congestion

Travel & Leisure Agnes Ekebuike Editor, Naija247news -
The Murtala Muhammed Airport Terminal Two (MMA2), operated by Bi-Courtney Aviation Services Ltd., has announced plans to introduce a structured slot system in 2026...

Deals + Investments

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Over 13 Million Children at Risk as Food Crisis Deepens in Northeast Nigeria — WFP

News Analysis Ifeoluwa Okonkwo -
ASO ROCK, F.C.T Abuja, Nigeria, Jan. 16, 2026 (Naija247news) – The United Nations World Food Programme (WFP) has warned that thousands of people in northeast...

Nigeria’s Banking Sector Enters Major Shake-Up as CBN Recapitalisation Redraws Licence Tiers

News Analysis Babatunde Akinsola -
ABUJA, Jan. 17, 2026 (Naija247news) – Nigeria’s banking sector is undergoing one of its most far-reaching transformations in decades, following the Central Bank of...

Diaspora

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ICE Targets Public Safety Threat With Arrest, Pending Deportation of Nigerian National With Violent Convictions

Diaspora News & Features Ifeoluwa Okonkwo -
  WASHINGTON, Jan. 12, 2026 (Naija247news) –U.S. Immigration and Customs Enforcement (ICE) has taken a Nigerian national, Ibrahim Tunde Ijaoba, into custody following multiple criminal...

Nigerian Passport Holders Gain Visa-Free Access to 45 Countries Worldwide

Immigration & Residency Emman Tochi -
Abuja, Jan. 12, 2026 (Naija247news) — Nigerian passport holders can now travel to 45 countries without securing a visa in advance, according to the...

Foreign Policy

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WEF 2026: FG Unveils Nigeria House in Davos to Spotlight Economic Reforms

Trade & International Agreements Ifeoluwa Okonkwo -
Abuja, Jan. 9, 2026 (NAN) The Federal Government has launched Nigeria House, Davos, ahead of the 56th Annual World Economic Forum (WEF) 2026, creating...

China–Nigeria Trade Hits $22.3bn in 2025 as Cooperation Gains Momentum

Diplomatic Relations David Okoroafor - Geopolitics & Foreign Affairs Editor -
Lagos, Jan. 7, 2025 (NAN) — China–Nigeria bilateral trade surged past $22.3 billion between January and October 2025, marking a 30.2 per cent year-on-year...

Religion

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Pope Leo Condemns Abortion and Surrogacy as Assaults on Human Dignity in First Major Moral Address

Catholic Ifeoluwa Okonkwo -
Aso Rock, F.C.T Abuja, Nigeria — Jan. 9, 2026 (Naija247news) –Pope Leo has delivered his strongest condemnation yet of abortion and surrogacy, branding both...

Religion

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Pope Leo Condemns Abortion and Surrogacy as Assaults on Human Dignity in First Major Moral Address

Catholic Ifeoluwa Okonkwo -
Aso Rock, F.C.T Abuja, Nigeria — Jan. 9, 2026 (Naija247news) –Pope Leo has delivered his strongest condemnation yet of abortion and surrogacy, branding both...
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Africa + Geopolitics

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Trump Threatens Steep Tariffs on European Allies to Force U.S. Purchase of Greenland

Geopolitics David Okoroafor - Geopolitics & Foreign Affairs Editor -
ABUJA, Jan. 17, 2026 (Naija247news) – U.S. President Donald Trump has sharply escalated his long-running bid to acquire Greenland, threatening sweeping trade penalties against...

BRICS Naval Drills Begin off South Africa Amid Rising Global Tensions

Geopolitics David Okoroafor - Geopolitics & Foreign Affairs Editor -
NEW DELHI, Jan. 12, 2026 (Naija247news) –Joint naval drills involving key members of the BRICS bloc — including China, Russia and Iran — have...

Russia Fires Oreshnik Hypersonic Missile, Sends Strategic Signal to West

Geopolitics David Okoroafor - Geopolitics & Foreign Affairs Editor -
London, Jan. 9, 2026 (Naija247news) – President Vladimir Putin has launched an Oreshnik hypersonic missile in western Ukraine, marking the first test of the...

Trump Holds Off Meeting Exiled Iranian Crown Prince Amid Iran Protests

Geopolitics David Okoroafor - Geopolitics & Foreign Affairs Editor -
Washington, Jan. 9, 2026 (Naija247news) – U.S. President Donald Trump is taking a cautious approach to the ongoing protests in Iran, with intelligence assessments...

Ex-Ghana Finance Minister Ken Ofori-Atta Held by U.S. ICE Over Immigration Status

Geopolitics David Okoroafor - Geopolitics & Foreign Affairs Editor -
WASHINGTON, Jan. 9, 2026 (Naija247news) – Former Ghanaian Finance Minister Ken Ofori-Atta has been detained in the United States by U.S. Immigration and Customs...

Opinion & Analysis

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A Tax That Adds No Value Should Not Remain: Why Nigeria’s New Tax Reform Risks Strangling the Masses

Expert Analysis Godwin Okafor -
ABUJA, Jan. 13, 2026 (Naija247news) – There is a Yoruba proverb that captures the heart of good governance and moral accountability: “Orisa ti ko...

Lagos 2026 Budget: A Government Prioritising Lawmakers’ Luxury Over Citizens’ Welfare

Editorials Babatunde Akinsola -
LAGOS, Jan. 13, 2026 (Naija247news) – When the Lagos State Government unveiled its proposed ₦4.237 trillion 2026 budget, it should have been a roadmap...

Why Nigeria’s Banditry Crisis Persists: Misdiagnosis, Money and Strategic Blind Spots

Opinion & Analysis Agnes Ekebuike Editor, Naija247news -
Nigeria’s worsening banditry crisis is no longer driven solely by the growing boldness of armed groups but by a persistent failure to correctly diagnose...

2027 Elections: Defections, Incumbency Power and the Shrinking Space of Nigeria’s Opposition

Viewpoint Agnes Ekebuike Editor, Naija247news -
If the push by some over-ambitious political actors to truncate the electoral calendar fails, Nigeria’s next general elections will hold in February 2027 as...

Social media and the fragile Nigerian State: A growing threat to national stability, by Usman Sarki

Guest Columns Press Release -
“Where there is no vision, the people perish; but where there is no truth, the people turn against each other.” The question of whether social media...

TOP News

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Inflation + Prices

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Nigeria to Revise Inflation Methodology After Expected Artificial December Spike

Food Inflation Emman Tochi -
ABUJA, Jan. 13, 2026 (Naija247news) – Nigeria’s official inflation figures are set for a technical overhaul after authorities acknowledged that data due next week...

Bauchi Sweet Potato Prices Plunge Amid Market Glut, Farmers Seek Government Intervention

Food Inflation Yetunde Kolawale -
Bauchi, Dec. 31, 2025 (NAN) – Prices of sweet potatoes in Bauchi have tumbled sharply amid an oversupply in local markets, leaving farmers and...

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Jigawa Governor Urges Residents to Participate Actively in Continuous Voter Registration

State Politics (Lagos, Kano, Rivers, Oyo, etc.) 0
Governor Umar Namadi of Jigawa State has called on...

CNG Queues Ease in Abuja as New Refilling Stations Boost Supply, Cut Waiting Time

Infrastructure 0
The persistent long queues that have characterised Compressed Natural...

NGX total market valuation jumps to N217.749trn mid-January 2026

Markets 0
Nigeria’s capital market has recorded an extraordinary start to...

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