Business

Cardoso: Why CBN took market by surprise on interest rate

Bangkok, Thailand: The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained why the apex bank’s latest monetary policy decision took the market by surprise, saying the need to correct a faulty monetary policy transmission mechanism, alongside improving macroeconomic conditions, informed the move.
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Blue chip stocks add N2.5trn to market capitalisation as rally continues

By Peter Egwuatu  The Nigerian stock market maintained a bullish run Week-on-Week, WoW, on renewed demand for large-capitalised stocks pushing the benchmark Nigerian Exchange Limited, NGX All-Share Index (ASI)  to 247,357.40 points. The positive reading reflected the stronger investor appetite for selected blue-chip and fundamentally strong stocks, with gains concentrated across the banking, consumer goods and […]

Customs releases impounded trucks after CGC’s intervention at bonded terminal

By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]

Engineers seek stronger cost control, valuation to improve project delivery

By Obas Esiedesa Engineers under the Institute of Appraisers and Cost Engineers (IACE) have called for stronger application of engineering valuation, cost engineering and engineering economy principles to address cost overruns, waste and inefficiencies in project execution in Nigeria. The call was made at the 2026 National Technical Conference of the IACE, held in Abuja, with […]

Higher fuel, transport, food prices loom as crude oil hits $100

By Udeme Akpan, Energy Editor Nigeria may be heading for another round of inflationary pressure as crude oil prices climb above $100 per barrel following the escalating conflict between the United States and Iran, raising fears of higher petrol prices, increased transport fares and cost of living. However, the Federal Government stands to earn significant unbudgeted […]

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