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SpaceX posts strong Q3 results with revenue up 161% to $14.6bn driven by Starlink and launch services.

Nigerian Ports Authority MD calls for stronger cybersecurity as ports digitise and adopt AI.

The MoU aims to expand long-term financing and risk-sharing for affordable housing across Africa.

Large OMO maturities are set to hit the system as liquidity remains elevated and CBN manages absorption.

National grid collapsed with generation plunging from over 4,000MW to 675MW before partial recovery.

Housing starts fell 5.2% to 1.221m while pending home sales dropped to record low amid high mortgage rates.

Global cocoa prices have fallen sharply, prompting renewed focus on value addition under the Abuja Declaration.

Mixed earnings drove sharp stock moves as Braze surged on acquisition speculation and airlines fell on guidance.

S&P 500, Nasdaq and Dow gained as technology led and SpaceX surged on strong Q3 results.

As the regional review concludes on October 22, attention will turn to the recommendations adopted, the finalisation of the operating...

The five-stop line from Ikeja Railway Station to Murtala Muhammed International Airport Terminal 1 has an approved design but no published cost or construction schedule, while the terminal reconstruction it is meant to serve is already under way.

Insurance revenue rose 3.71 per cent while service expenses fell 22.79 per cent, the company still used N416.82 million of operating cash, and free float narrowed to 12.78 per cent as two shareholders lifted their combined stake to 87.21 per cent.

Only 18 of about 60 indigenous companies identified in a study commissioned in 2022 met the qualification criteria, and implementation of the report has begun three years after it was submitted.

A bill sponsored by the Deputy Speaker and 12 lawmakers would create a National Drone Industrialisation Council, require a national drone policy within 12 months and offer duty concessions, research credits and accelerated capital allowances to local manufacturers.

Comptroller-General Bashir Adeniyi wants 2024 import duty concessions worth N1.68 trillion reviewed, warning that poorly targeted waivers deprive government of revenue as Customs targets N11.07 trillion in 2026.

FAAC distributed N2.4 trillion among Nigeria's three tiers of government in October 2026, up 4 per cent month-on-month, as statutory revenue rose 7 per cent and the 13% derivation fund jumped 28 per cent.

The Nigerian Insurers Association says the industry's N1.079 trillion recapitalisation must deliver faster claims settlement, stronger underwriting and wider penetration, warning that capital without service improvement has limited value.

Two clean energy companies presented a framework to the Department of Climate Change for capturing flared gas to make hydrogen and power, a plan that quotes back the government own $3 billion annual ambition and depends on a registry, a fund and permissions that do not yet exist.

Governor Cardoso told the IMF and World Bank meetings in Bangkok that domestic investors supplied slightly more than 20 per cent of the N4.65 trillion bank recapitalisation, contradicting the Central Bank and Securities and Exchange Commission statements of April that put the domestic share at 72.55 per cent.

Net asset value of pooled investment schemes rose N43.76 billion to N9.885 trillion in the week to October 9, with money market funds holding 67.96 per cent of assets and dollar funds shrinking even as the naira firmed, a signal that the pool is growing as savings rather than as investment.

The NGX All-Share Index added 0.26 per cent to 245,911.13 on October 20, but the industrial sector led while banks slipped, exposing a rotation inside a flat tape and a widening gap between the 58.03 per cent year-to-date return and a 2.11 per cent fall for the quarter.

An ad hoc House committee set an October 28 hearing after operators ignored earlier invitations, directing the NCC to ensure compliance and warning that absent chief executives could face arrest summons.

LASERC has asked Ibile Power to file corporate and technical documents for a Lekki corridor pilot combining gas-fired generation with dedicated distribution, in a state targeting 2,500MW to 3,000MW of corridor capacity.

The Omotosho project would compress and truck gas to industrial and transport customers beyond pipeline reach, moving from a Licence to Establish towards construction approval and offtake deals.