Business

Imports choke textile industry, rise to N1.1trn in two years

Nigeria’s dependence on imported textile materials has almost tripled with importation surging by 181 per cent in two years to N1.08 trillion in 2025 from N377.47 billion in 2023, despite repeated efforts to revive the oncethriving local textile industry.
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Europe set for LNG supply surge after premiums top Asia

Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia. In just a week, seven new LNG tankers embarked for Belgian, British and Dutch ports and six more may arrive in the next month, attracted by the widest and most consistent premium to Asian prices in at least five years, price data on Reuters Eikon shows.

Britain sells 1.0% stake of Lloyds bank for £500m

Britain has sold a 1.0-percent stake in state-rescued Lloyds Banking Group for £500 million ($769 million, 677 million euros) under plans to return it to private ownership, the government said Monday.

Capital market has absorptive capacity to finance national budget —Ogiemwonyi

The stock market is a long-term market. If you weighted out the last crisis, the chances are, that you may have recovered or near recovery. Until the recent crash relating to the uncertainties in the economy. Only those who borrowed to be in the market and have a lot of debt to worry about may have challenges. Those who sold may have suffered, but it is better to find someone to help you with professional advice.

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