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Investors Gain N1.27tn as NGX Bull Run Continues

06.02.2026
Investors on the Nigerian Stock Exchange continued to enjoy returns as the market extended its bullish momentum on Thursday. The market capitalisation rose by N1.27tn, closing at N109.13tn, from N107.86tn recorded on Wednesday. The All-Share Index also gained 1,975.18 points, or 1.18 per cent, to close at 170,005.36 points, continuing a positive trend that has...
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Nigeria’s Downstream Deregulation Needs Strong Oversight

06.02.2026
TotalEnergies Marketing Nigeria Plc has warned that Nigeria’s deregulated downstream petroleum market will fail to deliver long-term value unless it is backed by firm regulatory discipline, consistent policies and strict safety enforcement. The oil major stated that the absence of these fundamentals, rather than a lack of capital, was responsible for the exit of most...
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MoMo PSB & SMEDAN Partner for SME Digitalisation in Nigeria

06.02.2026
MoMo PSB, the fintech arm of MTN Nigeria, has entered a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria to provide digital and financial tools aimed at helping small and medium-sized enterprises run operations more efficiently and scale sustainably. The deal, formalised in Lagos on Wednesday, will allow registered businesses to...
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Mbah pushes regional integration for South-East growth

06.02.2026
The Governor of Enugu State, Peter Mbah, on Wednesday, called on the South-East to reimagine itself as a common market and a single economic bloc, warning that the region can no longer afford to operate as five parallel states. Speaking during the Vice President Kashim Shettima’s opening of the South-East Vision 2025 Regional Stakeholder Forum...
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NNPC seeks foreign partners to revive ailing refineries

06.02.2026
Nigeria’s long-troubled 445,000-barrel-per-day state-owned refineries may be headed for a fresh start, as the Nigerian National Petroleum Company Limited has opened discussions with a Chinese petrochemical firm and other potential investors as part of a sweeping reset aimed at reviving the ailing assets. But while state refineries struggle, the Dangote Petroleum Refinery, according to NNPC,...
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MTN in talks for $2.76bn buyout of IHS Towers

06.02.2026
MTN Group, Africa’s largest mobile network operator, is in advanced talks to acquire the remaining 75 per cent stake in IHS Towers, a deal that could value the tower infrastructure firm at about $2.76bn. Reuters reported on Thursday that the telco was negotiating to purchase the 75 per cent stake in IHS Holdings that it...
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Bitcoin Price Slump Sees BTC Dip Below $70,000

06.02.2026
Bitcoin, the world’s biggest cryptocurrency, extended its price slump on Thursday to trade under $70,000 for the first time since Donald Trump’s presidential election victory in November 2024. The digital currency dropped as low as $69,821.18 before climbing back above $70,000. Bitcoin has fallen sharply in recent weeks as investors pull back from risky assets....
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Wema Bank Profit Soars 124% to N193bn in 2025 Report

06.02.2026
Wema Bank Plc recorded a strong financial performance in the 2025 financial year, posting a profit for the year of N193.19bn, representing a 124 per cent increase from the N86.28bn recorded in 2024. The bank’s audited financial statements for the year ended 31 December 2025 showed that the improved performance was driven by growth in...
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I apologise for saying no heaven without tithe – Adeboye

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The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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