By Abubakar Ojima-ojo The African Development Bank has raised $2.5bn through a US dollar bond issuance after attracting investor orders worth $4.8bn, reflecting strong demand for the lender’s securities in international capital markets. The bank disclosed this in…

By Abubakar Ojima-ojo Seplat Energy Plc has identified transparency, strong corporate governance and investor confidence as critical factors for attracting structured financing and driving sustainable growth in Nigeria’s energy sector. The company said effective leadership and close collaboration…

By Abubakar Ojima-ojo The Transmission Company of Nigeria has commissioned four transmission substations in Kano State, adding 544 megawatts (MW) of wheeling capacity to strengthen electricity supply to industrial, commercial and residential areas. The Federal Ministry of Power…

By Abubakar Ojima-ojo Shoprite Nigeria is set to reopen more outlets under a neighbourhood-store model as the retailer restructures its operations to cut costs and revive its struggling business. Adekunle Adebiyi, executive director of investments at MBO Capital…

By Abubakar Yunusa Nigeria’s international money transfer inflows rose by 33 per cent year-on-year to $1.57bn in the second quarter of 2026, setting a new quarterly record, according to data from the Central Bank of Nigeria. The figure,…

By Abubakar Ojima-ojo The Nigeria Sovereign Investment Authority has awarded prizes worth $275,000 to seven Nigerian startups, stressing the need to support micro, small and medium enterprises to drive job creation and economic growth. The winners emerged at…