By Yinka Kolawole THE Manufacturers Association of Nigeria (MAN) has raised alarm over the escalating military confrontation involving the United States, Israel and Iran, warning that Nigeria’s chemical and pharmaceutical manufacturers face the gravest risk as global economic shocks ripple through the industrial sector. In a statement, Director General of MAN, Segun Ajayi-Kadir, said the […]

By Peter Egwuatu The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group (NGX) Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. Popoola made this known while speaking at the Nigeria–United Kingdom Investment Roundtable organised by the Nigerian Investment Promotion […]

By Peter Egwuatu   Profit taking by investors characterised the Nigeria stock market last week,  leading to the decline in the major performance indicators. Specifically, the Nigerian Exchange Limited, NGX market capitalisation, which represents the value of equities listed on the Exchange, dropped to N128.969 trillion last week from N129.125 trillion the previous week. Similarly, another […]

The Group Managing Director/Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships.

Wale Edun, today received Dr. Quattara Wautabouna, Executive Director for the IMF Africa Group III (ECOWAS) Constituency

By Cynthia Alo  The President General of the Maritime Workers Union of Nigeria (MWUN), Comrade Francis Bunu, has accused security agencies operating in the Lagos ports of dereliction of duty following a rise in attacks on vessels while at berth. Bunu specifically blamed the security agencies for failing to adequately secure port waters and waterfronts, […]

By Emma Ujah,  Abuja Bureau Chief Nigeria’s Ways & Means portfolio has crashed to N2.84 trillion, down from N26.95 trillion inherited by current administration. Governor of the Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, disclosed this at the Monetary Policy Forum,  themed,  “Strengthening Nigeria’s Macroeconomic Stability Through Effective Monetary Policy: The role of Critical Stakeholders” in […]

By Rosemary Iwunze Cornerstone Insurance Plc, one of Nigeria’s most trusted insurance providers, has been named 2025 Insurance Company of the Year at the annual awards ceremony recently organised by Champion Newspapers. The prestigious recognition was announced at a well-attended ceremony held in Lagos. The award celebrates outstanding performance, innovation, and industry leadership within Nigeria’s […]

The spokesperson for the Dangote Group, Anthony Chiejina, said the adjustment represents a downward review of the refinery’s pricing template, driven by developments in the global oil market.

By Elizabeth Adegbesan Capital importation into the country increased year-on-year (YoY) by 88.5 percent to $23.21 billion in 2025 from $12.31 billion in 2024. Vanguard  analysis of data from the National Bureau of Statistics, NBS, Capital Importation Report for 2025 showed that in Q1’25, capital imported into the country  stood at $5.64 billion. In Q2’25, capital […]

•Calls it “cost-of-living crises” in Nigeria •Says it will continue months after middle-east crises By Udeme Akpan,  Energy Editor AT the backdrop of excruciating retail prices of petrol across Nigeria despite the operation of domestic refining capacity, management of Dangote Refinery has indicated that the cushioning effect expected from its operations has been affected by […]

AT the backdrop of excruciating retail prices of petrol across Nigeria despite the operation of domestic refining capacity, management of Dangote Refinery has indicated that the cushioning effect expected from its operations has been affected by global market forces including the crises in the middle-east, the world’s crude oil hub.

By Elizabeth Adegbesan Revenue generated from rail passengers in 2025 exceeded the Federal Government’s (FG)   N7.01 billion target by 11 percent. Recall that in February 2025 the FG set a target of generating N7.01 billion in revenue from rail   passengers by the end of 2025 with the aim of expanding services and recovering from previous security […]

The Central Bank of Nigeria, CBN, on Wednesday, granted International Oil Companies (IOCs) unfettered access to repatriate 100 percent of their export proceeds through Authorised Dealer Banks (ADBS).

The Central Bank of Nigeria (CBN) on Wednesday assured the public of the stability of Union Bank PLC, saying it will continue to provide regulatory oversight of the bank and review the court judgement regarding its intervention in the bank.