By Our Reporter The Nigerian Exchange Limited (NGX) has announced the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday, 27 April 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. Approved by the Securities and Exchange Commission (SEC) Nigeria, the expansion shifts…
• Expansion strengthens Etihad’s presence across high-growth African markets, connecting the continent to Abu Dhabi and the world beyond • Reinforces Abu Dhabi’s role as a gateway for trade, cargo and investment flows between Africa and Asia • Builds on Etihad’s growing China network alongside its extensive India network, opening a new corridor linking Africa…
By Our Reporter MTN Nigeria Communications PLC has temporarily suspended its airtime and data lending service, Xtratime, following the introduction of new regulatory requirements governing digital credit services in Nigeria. The company disclosed this in a corporate filing to the Nigerian Exchange Limited on Thursday, stating that the decision was driven by compliance obligations under…
Strait of Hormuz By Joe Udo Oil prices dropped sharply on Friday, April 17, after the Iranian foreign minister announced that the Strait of Hormuz would be “completely open” for commercial transit for the duration of the current ceasefire. Brent crude, the global benchmark, fell 9.5% to just below $90 per barrel, while WTI, the…
By Kingsley Agim Cross River State has intensified efforts to unlock a maritime-driven economic boom, as the government on Thursday in Calabar convened a high-level sensitisation forum to galvanise stakeholder support for the Bakassi Deep Seaport project, a flagship initiative aimed at repositioning the state as a major hub in Nigeria and the West African…
Mr Edet Effiong Uliong, Ship Captain By Our Reporter Mr Edet Effiong Uliong, a ship captain, has observed that despite widespread complaints about economic hardship and rising inflation in Nigeria, the country continues to attract growing interest from foreign nationals. Uliong said that in many countries he has visited, people express a strong desire to…
By Joe Udo “If I could use only a few words to describe Aliko Dangote, I would say he is indefatigable, resilient, and foresighted. He is one of the greatest African entrepreneurs of our time. As founder of the Dangote Group, he has financed and manufactured everything from cement to sugar to oil, and recently,…
By Our Reporter Nigeria’s Minister of Steel Development, Shuaibu Abubakar Audu, has signed a $1 billion Memorandum of Understanding (MoU) with India-based Rashmi Metaliks Group to boost investment in Nigeria’s steel sector. A statement signed by the head of Press and Public Relations, Ministry of Steel Development, Salamatu Jibaniya says the agreement, signed in Kolkata…
Gov. Umo Eno By Etim Etim The core investor of Ibom Deep Sea Port, Bollore Consortium, will operate the port for 50 years to recoup its investment, according to the approval granted by the federal government. The port is currently owned 60% by the private investor and 40% by the Akwa Ibom State government. But…
By Frank Ulom ABUJA (CONVERSEER) – The Central Bank of Nigeria, CBN, has debunked a claim that Polaris Bank is undergoing a liquidation process for not being able to comply with Nigeria’s recapitalisation deadline. In an X (Twitter) post on Thursday evening, the apex bank quickly labelled the claim as fake, reassuring everyone that the…
