Stock market rebounds as investors gain N9.3trn in 5 days
By Peter Egwuatu The Nigerian stock market recorded a strong rebound closing bullish last week’s trading with investors gaining N9.342 trillion. The Nigerian Exchange Limited, NGX, had recorded a loss of over N1.8 trillion previous week following a wave of selloffs that had hit the market since last week of June, 2026. Breakdown of trading last […]
Oil Theft: How criminal networks are moving from creeks to communities
For decades, Nigeria’s oil theft crisis was largely associated with remote creeks, mangrove swamps and offshore vandalism in the Niger Delta. Increasingly, however, security agencies say the trade is migrating inland-embedding itself within civilian communities, markets and transport corridors where it can operate under the cover of everyday commerce. The recent exposure of Owaza Mami Market […]
Dangote Refinery targets depot owners, major marketers in new marketing model
By Udeme Akpan, Energy Editor Dangote Refinery has resumed the sale of Premium Motor Spirit (PMS), also known as petrol, to major marketers and depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The move represents a significant shift from the previous arrangement in which products were […]
Global mobility drives economic expansion, not capital flight — Optiva Capital boss
By Babajide Komolafe The Chairman, Optiva Capital Partners, Mr. Franklin Nechi, has dismissed concerns that rising migration among Nigerians amounts to capital flight, insisting instead that global mobility fuels economic expansion and strengthens domestic resilience. Speaking during a media interaction in Lagos, the Optiva Capital boss argued that the growing appetite for residency and second citizenship […]
Raw materials export soars, despite push for local processing
lt undermines backward integration policies —LCCI lProposed 30% value-addition bill will foster industrial growth —MAN lPolicy alone can’t solve problem —CPPE By Yinka Kolawole There are indications that the Federal Government’s drive towards value-added exports is failing as exports of unprocessed raw materials jumped to N2.9 trillion in the first nine months of 2025 (9M’25). Data from […]
Investors reap N8.1trn as NGX records highest W/W gain
By Peter Egwuatu The Nigerian equities market extended its bullish run, Week on Week,W/W, as sustained demand across key sectors lifted the benchmark index further into record territory amid rise in global oil prices. The market recorded the highest W/W gain, as investors gained over N8.137 trillion from their investment listed on the Nigerian Exchange Limited, […]
