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FG backs $220m penalty on Meta for mishandling Nigerians’ data

The Federal Government has defended its decision to impose a $220 million fine on Meta Platforms Inc. over alleged violations of Nigeria’s data protection laws. Meta, the owner of Facebook,…

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Aradel records N22bn shares traded in largest single-day NGX deal

Mid-day trading data from 10 September show that about 42.3 million Aradel Holdings shares were exchanged in a deal worth N22.4 billion. This represents the largest single-day trade of Aradel Holdings since its listing on the Nigerian Exchange (NGX) in…

Five players shaping Nigeria’s $2 billion private equity market

Nigeria’s private capital industry has evolved from a $35 million fund closed in 1998 into one of Africa’s most active markets, now attracting 31.4 percent of the continent’s private equity…

FG pursues $1.75bn World Bank loan despite 40% revenue boost

The Federal Government is seeking a new $1.75bn loan from the World Bank to support key development projects, even as revenue collections have risen by more than 40 per cent…