BUA Cement Plc has attributed the high cost of cement in Nigeria to rising energy, transportation, and foreign exchange-related expenses, saying the industry continues to face significant production cost pressures despite recent improvements in exchange rate stability. Speaking at the…

Founder of The Discovery Centre, Mfon Ekpo, has been announced as a member of the 2026 faculty for the Elevate Africa Fellowship, a pan-African leadership programme bringing together mid-career leaders from across the continent. In a statement on Tuesday, it…

Crypto services company Blockchain.com confidentially filed for a US initial public offering (IPO), becoming the latest digital asset player to pursue a public listing as crypto firms return to equity markets.The company said it submitted a draft S-1 registration statement…

The Managing Director of the Niger Delta Power Holding Company (NDPHC), Jennifer Adighije, has announced the restoration of the 450 megawatts Alaoji Open Cycle Power Plant in Abia State. The restoration took place after it was shut down in 2023…

Electricity distribution companies have faulted the Lagos State Government’s proposed plan to phase out electricity customer band classification, warning that the move could trigger consumer unrest, worsen market distortions, and lead to blackouts if implemented prematurely. Officials of the power…

Bitcoin (BTC) focused on $77,000 on Thursday as analysis eyed a minimum 5% BTC price move.Key points:Bitcoin waits for a breakout move as it circles the $77,000 mark.Analysis sees risk in shorting price at current levels, with bears in the…

International Energy Insurance Plc, a subsidiary of Norrenberger Financial Group, has announced the commencement of its N17.5 billion public offer, which opened on Wednesday and will close on 11 June. The company disclosed this in a statement issued on Wednesday,…

The price of Brent crude dropped to $105 per barrel on Wednesday amid ongoing peace talks aimed at de-escalating tensions in the Middle East. According to data from Oilprice.com, Brent fell by $6, down from $111 on Tuesday, while WTI…

Demand for Bitcoin (BTC) has decreased sharply over the last few days as the price ran into overhead resistance above $80,000. Analysts say BTC’s inability to hold key support levels may be paving the way for a prolonged consolidation.Key takeaways:Bitcoin’s…

Wema Bank Plc says it is intensifying efforts to join Nigeria’s tier-one banking group in the near term, through strong earnings growth, fresh capital inflows and a strategic expansion drive. The Managing Director and Chief Executive Officer, Moruf Oseni, gave…

HONG KONG, May 21 — OSL Group (863.HK) (OSL), a global stablecoin payment and trading platform, today announced that its Hong Kong-licensed digital asset exchange OSL HK has officially listed USDKG, the gold-backed stablecoin issued by the Kyrgyz Republic. The…

The Nigerian non-oil export sector is facing threats from logistics and energy costs despite the massive growth potential the sector signals, a new report revealed. The report, titled ‘3T Impex Non-Oil Export Index Report 2026’, published on Wednesday, revealed the…

The Federal Airports Authority of Nigeria has assured travellers and stakeholders that stringent preventive measures have been activated across the nation’s international airports following renewed concerns over the Ebola Virus Disease outbreak reported in parts of Central Africa. The authority…

The former chief risk officer of Silvergate revealed she made the decision to settle with the US securities regulator in 2024 to avoid a “multi-year battle” in court, where she was accused of misleading investors about anti-money laundering rules and…

Femi Otedola has disclosed that he sold his stake in Geregu Power Plc to position himself for investment in the proposed initial public offering of Dangote Petroleum Refinery, describing the facility as a transformative industrial project capable of reducing Africa’s…