InsideBusiness

Share Kano State Governor Abba Yusuf has named Murtala Garo as his running mate for the 2027 governorship election, reaffirming his confidence in the deputy governor ahead of the next electoral contest. The announcement appeared in a statement issued on Monday in Kano by Sunusi Dawakin Tofa, Director-General of Media and Publicity at the Government House.

Share The United Kingdom has confirmed that Nigerian travellers and citizens of 32 other African countries must continue to obtain a UK visa before entering or transiting through the country. The confirmation follows updated immigration guidance issued by the UK Home Office. According to the revised guidance, nationals of more than 100 countries and territories are still required to secure a UK visa for visits of up to six months unless they qualify for specific exemptions.

Share Manchester United have completed the signing of Andrey Santos from Chelsea, with the Brazilian midfielder joining the club in a deal reportedly worth £50 million, including add-ons. The 22-year-old arrives after an impressive spell in London and now begins a new chapter at Old Trafford. Andrey Santos started his football career through the academy of Brazilian Serie A club Vasco da Gama before moving to Chelsea in 2023.

Share Nigeria’s crude oil production climbed to an average of 1.735 million barrels per day in June 2026, extending its growth streak to a fourth consecutive month. The latest figures, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), show improved output driven by stronger operational performance across the upstream sector. According to the report, crude oil production averaged 1.56 million barrels per day, while condensate production reached 0.18 million barrels per day.

Share The Federal Government says Nigeria has about three billion tonnes of iron ore available to support future steel production at the Ajaokuta Steel Complex in Kogi State. Officials describe the reserve as the result of years of exploration and a major milestone for the country’s steel industry. Speaking in Kaduna, Kolawole Michael, Director-General of the National Steel Raw Materials Exploration Agency (NSRMEA), said the Itakpe iron ore stands out for both its quality and quantity.

Share Multi-asset global broker, JustMarkets has launched its Web Terminal, an advanced browser-based trading terminal now available to all clients in any country supported by the broker. The company said the new platform forms part of its ongoing effort to expand and strengthen its trading ecosystem. Before the official launch, the Web Terminal went through a preparation phase during which the team fine-tuned its technical performance and gathered user feedback.

126 Share Ernst & Young (EY) and KPMG, two of the Big Four accounting firms, have been implicated in alleged malfeasance at the Central Bank of Nigeria (CBN) during Godwin Emefiele’s tenure as governor. This development adds Nigeria to the growing list of countries with complaints or sanctions against these firms for audit failures and professional misconduct.

Zenith Bank Plc’s shares were a top performer on the Nigerian Exchange (NGX) in the first half of 2026, with over 4.5 billion shares, worth about ₦458.4 billion, traded in more than 386,000 deals, reflecting ongoing investor confidence. From January to June 2026, Zenith Bank consistently demonstrated strong market activity, even amidst changing conditions and high volatility on the NGX.

Share PZ Cussons Nigeria Plc has ended the 2025/26 financial year with a bottom line of N49 billion, almost five times the preceding year’s profit figure of N10 billion. With that, the company has broken free from negative equity holdings and recovered the ability to pay dividends to shareholders. Its retained loss position, which prevented dividend payments for the past three years, has now recovered.

Share Nigerian Breweries Plc is quite confident of building profit in the second quarter, more than sufficient to clean out accumulated losses and begin rebuilding retained earnings melted by three years of running losses. Since last year, the brewing company’s N99 billion profit in 2025 and N56 billion in Q1 2026 have been used to offset N170 billion in accumulated losses.