Equity investors lose N4.9trn, as market uptrend reverses
By Peter Egwuatu The Nigerian stock market reversed its upward trajectory last week with investors losing over N4.915 trillion of their investment listed on the Nigerian Exchange Limited, NGX. The development was driven by a sustained profit-taking move across major sectors. Consequently, the NGX market capitalisation, which represents the total value of stocks listed on the […]
Africa must deepen intra-continental trade to unlock prosperity — Access Bank GMD
By Cynthia Alo The Group Managing Director of Access Bank Plc, Mr.Roosevelt Ogbonna, has called on African policymakers, financiers and businesses to deepen collaboration in order to accelerate intra-African trade and unlock the continent’s economic potentials. Ogbonna made the call yesterday while welcoming participants to the Africa Trade Conference (ATC) 2026 in Cape Town, South Africa, […]
Lagos Trade Fair traders contribute billions to Nigeria’s GDP — Minister
•Urges operators of factories abroad to consider local manufacturing By Yinka Kolawole The Minister of Industry, Trade and Investment, Jumoke Oduwole, has said traders operating within the Lagos International Trade Fair Complex corridor contribute billions of naira to Nigeria’s Gross Domestic Product (GDP), describing the axis as one of the most vibrant commercial hubs in West […]
Net foreign exchange inflow falls 18% to $61.3bn
By Elizabeth Adegbesan Net foreign exchange (Forex) inflow into the Nigerian economy fell by 18.3 per cent, year-on-year (YoY), to $61.29 billion in the eleven months ended November 2025 (11M’25), from $69.61 billion recorded in the corresponding period of 2024. This was as a result of a 25.2 percent and 3.5 percent decline in inflows through […]
Zara owner Inditex posts record profit in 2025
Zara owner Inditex, the world’s leading low-cost fashion retailer, posted a record annual profit for the third year running on Wednesday, seeing off strong international competition.
Porsche warns of tough year ahead after torrid 2025
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.
