Sports car-maker Porsche warned Wednesday of a tough year ahead after its profit virtually vanished in 2025 amid cut-throat competition in China, a costly pivot back to petrol cars and US tariffs.

By Babajide Komolafe The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have established a N10 billion Sugar Project Acceleration Fund (SPAF) to support the development of greenfield sugar projects across the country. The fund is designed to provide financing and project development support to viable greenfield initiatives, with the aim of accelerating […]

By Gabriel Ewepu The Federal Government on Tuesday flagged off the $500 million World Bank-funded Sustainable Power and Irrigation for Nigeria (SPIN) Project aimed at accelerating food production and increasing power generation. Minister of Water Resources and Sanitation, Engr. Joseph Utsev, who performed the flag-off in Abuja, said the project is a strategic intervention designed to […]

•Annual trade surplus rises 5.3% to N17.8trn By Elizabeth Adegbesan & Progress Godfrey Nigeria recorded a 121 per cent, year-on-year (YoY) decline in trade surplus to N1.71 trillion in the fourth quarter of 2025, from N3.42 trillion in the same period of 2024. Similarly, on a quarterly basis, the country’s trade surplus fell by 71 percent, Quarter-on-Quarter […]

By Progress Godfrey  The Nigerian Export promotion Council (NEPC) has urged agro-exporters to tap the European Union’s over 400 million-strong consumer market, warning that non-oil exports account for only 10 percent of total trade with the bloc despite a $21.87 billion trade volume in 2024.   Executive Director and CEO of NEPC, Mrs Nonye Ayeni, made the […]

•CBN intervenes to curb impact of exiting FPIs By Babajide Komolafe & Elizabeth Adegbesan The Naira yesterday depreciated to N1,425 per dollar in the official market, the lowest in two months, following rising dollar demand triggered by ongoing war in the Middle East.   Data  from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate […]

The Naira yesterday depreciated to N1,425 per dollar in the official market, the lowest in two months, following rising dollar demand triggered by ongoing war in the Middle East.

Stock markets slumped as energy prices soared on Monday on supply disruptions from the Middle East war drove volatility and fanned inflation fears.

…Surpasses 2023 full-year figure By Yinka Kolawole The contribution of Nigeria’s manufacturing sector to Value Added Tax (VAT) in 2025 significantly increased with payments rising to N875.420 billion in the first nine months of the year (9M’25), surpassing both the N566.011 billion recorded in the corresponding period of 2024 (9M’24) and the N578.394 billion generated in […]

By Obas Esiedesa  The Federal Government has approved N100 billion under the National Public Sector Solarization Initiative (NPSSI) to provide reliable electricity to public institutions across the country. Managing Director of the Rural Electrification Agency (REA), Engr. Abba Aliyu, disclosed this yesterday, during a visit by the Administrator of NJI, Justice Babatunde Adejumo, to the […]

By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market.  The ongoing conflict in the Middle East has led to the shutdown of some refineries and cuts in refinery production across the world, resulting in a global scarcity of petroleum […]

The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs). While budget execution rates for some MDAs may appear low, capital project implementation has not been abandoned, the ministry said. The clarification, detailed in a document titled “Deepening Public Understanding of […]

•As experts list implications •FG begins new phase •Transmission, distribution challenges persist — Prof Oke •Missed targets impose costs on homes, businesses, economy — LCCI •Economic growth, job creation will remain subdued — CPPE •Tinubu’s GAMCO raises concerns •Areas of conflict need to be resolved — PowerUp Nigeria By Udeme Akpan, Energy Editor Despite the […]

·Investors may shift to energy related equities- Analysts  By Peter Egwuatu   The Nigerian stock market closed higher Week-on-Week, WoW, recording gains in four of the five trading sessions, amid rise in crude oil prices.  Breakdown of the market shows that investors continued to accumulate fundamentally strong stocks across major sectors. The bargain hunting by market participants […]

The Central Bank of Nigeria (CBN) has directed banks to conduct a comprehensive stress test on their credit portfolios beginning from April 1, 2026, as part of measures to ensure the continued stability of the nation’s banking system.