Business

In a deal for over N360 billion, West Power & Gas Limited (WPG) has sold Transgrid Enerco Limited its 60% controlling interest in Eko Electricity Distribution Company (Eko Disco).One of…

By Philip Shimnom Clement; from Eugene Agha in Lagos, Hamisu Kabir Matazu in Maiduguri, and Ahmad Datti in Kano Following early warnings to deposit money banks (DMBs) by the Central…

Mr. Umar Abdullahi, the chairman of Cosgrove Investment Limited, has given N4 billion worth of properties to employees as a token of appreciation for their commitment, loyalty, and exceptional contributions…

The N515,532 billion "Budget of Economic Growth and Infrastructural Transformation" has been approved by Yobe State Governor Mai Mala Buni. The signing was held at the Government House Banquet Hall…

Inadequate supply, liquidity issues, and aging infrastructures have continued to plague Nigeria's power sector. In 2025, the Nigerian Electricity Regulatory Commission (NERC) experienced a new leadership crisis that resulted in…

As part of its year-end humanitarian outreach, the family of well-known businessman and philanthropist Mr. Tony Elumelu has sent meals to orphanage homes in Lagos, Edo, and Delta states. At…

According to an examination of Federal Account Allocation Committee (FAAC) papers, the federal government produced N8.09 trillion between January and November 2025.According to a breakdown, the government received N403.68 billion…

In a transaction funded by a group of banks headed by Zenith Bank Plc, Femi Otedola, chairman of First Holdco Ltd., sold his majority ownership in Geregu Power Plc for…

In this research, Daily Trust looks at the Federal Airports Authority of Nigeria's (FAAN) prior concession deals, which have caused the federal government to lose billions of dollars due to…

Universal Insurance Plc's lengthy operational history, increased profitability, low loss ratio, modest liquidity position, and successful implementation of digital initiatives have all contributed to Agusto & Co.'s "Bbb-" long-term rating.…