Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]
SEC releases rules for forex trading
By Peter Egwuatu The Securities and Exchange Commission (SEC) has moved to tighten oversight of online foreign exchange (forex) trading in Nigeria, extending its proposed regulatory framework to both domestic operators and offshore entities that target Nigerian residents. Under the rules released yesterday, the SEC, said: “The regulations would apply throughout Nigeria and cover all persons […]
FRC ends multiple financial statement filings, unveils national repository
By Babajide Komolafe The Financial Reporting Council of Nigeria, FRC, yesterday announced the end of multiple submissions of financial statements by companies to government agencies and regulators, following the launch of a national repository for audited financial statements. Chief Executive Officer of the FRC, Rabiu Olowo, disclosed this at the official commissioning of the Council’s new […]
Nigeria on course for $1tn economy by 2030 — Finance Ministry
By Innocent Anaba The Federal Ministry of Finance said yesterday that Nigeria’s economy continues to demonstrate resilience and accelerating growth with the second quarter of 2026 real Gross Domestic Product (GDP) expanding by 4.43 percent year-on-year, up from 4.23 per cent in Q2 2025 and 3.89 percent in Q1 2026. The Ministry in a statement, […]
Fresh petrol price hike looms as depot rates hit N1,290
By Udeme Akpan, Energy Editor Nigerians may soon pay more for Premium Motor Spirit (PMS), also known as petrol, as depot prices across major petroleum hubs have climbed sharply to as high as N1,290 per litre, amid a renewed surge in international crude oil prices. The development threatens to worsen the financial burden on households and […]
Soil degradation threatens 95% of world food supply
By Kafayat Kokumo The Food and Agriculture Organisation of the United Nations (FAO) has warned that worsening soil degradation threatens food production globally, as proven measures to protect and restore soils remain underused. The warning was contained in FAO’s ‘Status of the World’s Soil Resources 2026’ report, launched at the 17th Conference of the Parties […]
