By Peter Egwuatu   Investors raked N2.16 trillion profit, highest week-on-week so far and the fifth consecutive week upswing, coming ahead of the third quarter 2025, Q3’25, earnings report and inflation data for September. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which shows the total value of equities on the Exchange, closed on Friday at N93.296 trillion […]

Cardoso has underscored the importance of clear communication, credible data, and strong coordination between fiscal and monetary authorities

The new guideline also requires banks and ATM operators to deploy advanced systems that automatically reverse failed or partial transactions.

By Udeme Akpan,  Energy Editor The Group Managing Director/CEO of UTM Offshore Limited, Dr. Julius Rone, has said that the company is working with top engineering companies and other partners to execute Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. He stated that the project, located offshore Akwa Ibom State, has made significant progress because of […]

•It will spur compliance in Nigeria’s external trade —Fakolade By Godwin Oritse The Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Mr. Kingsley Igwe, has said that the adoption of the National Single Window (NSW) project in the country’s import and export processes will not only cut down the cost and […]

By Yinka Kolawole,  with agency report The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply. In its latest quarterly report, the Commission said the companies made a payment of $9.015 million from an invoice of $17.54 million issued to them […]

By Agbonkhese Oboh Financial technology, FinTech, firm Kuda, has restated its commitment to placing primacy on customer experience, CX, and safety over profits. The firm made the point at its maiden CX conference held in Lagos on Thursday, October 9. The theme of the conference was “Building a CX-Driven Culture: Our Shared Mission”. At the […]

By Obas Esiedesa, Abuja  The Federal Government has declared that the commissioning of the $400 million Otakikpo Oil Export Terminal in Rivers State will ease crude evacuation challenges and boost Nigeria’s oil export capacity. Located in Ikuru Town, Andoni Local Government Area, the facility has a capacity of 365,000 barrels per day and is the […]

By Emma Ujah, Abuja Bureau Chief The World Bank has called on Nigeria to ensure that the positive outcomes from its recent macroeconomic reforms translate into real improvements in citizens’ living standards, as new estimates show that about 139 million Nigerians are living in poverty. Country Director for Nigeria, Mathew Verghis, made the appeal on Wednesday […]

Digital disruption, ethical governance, and inclusive finance will drive conversations as the Chartered Institute of Stockbrokers (CIS) hosts its 2025 Annual Stockbrokers’ Conference in Abuja, a pivotal gathering designed to shape the future of Nigeria’s capital market through innovation, integrity, and inclusivity.

By Peter Egwuatu  Nigeria’s economic and market reforms have gained global momentum as FTSE Russell announced the inclusion of the country on its Watch List for possible reclassification from unclassified to frontier market status. The announcement, published in the FTSE Equity Country Classification Annual Review 2025, follows confirmation from market participants that the foreign exchange backlogs […]

Wall Street stocks mostly rose early Wednesday, bouncing back after the prior session’s losses amid bullish investment sentiment in spite of the US government shutdown.

The Securities and Exchange Commission (SEC) has announced that Nigeria’s non-interest capital market has grown to N1.6 trillion, reflecting rising investor confidence and expanding participation in ethical finance. Director-General of the SEC, Dr. Emomotimi Agama, disclosed this in Abuja during a press briefing ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled for […]

Revenue generated from rail transport rose by 37.36 per cent Year-on-Year, YoY to N2.724 billion in the first quarter of 2025 (Q1’25) from N2.112 billion in the corresponding period of 2024 (Q1’24). The sharp increase was driven by a 37.4 per cent YoY increase in revenue from passenger transport, to N1.95 billion in Q1’25 from […]

By Elizabeth Adegbesan Lagos, Rivers and the Federal Capital Territory,  FCT States  took the lead as Internally Generated Revenue (IGR) in 2024 grew year-on-year, YoY,  by 49.7 percent to N3.63 trillion in 2024 from N2.43 trillion in 2023. According to the recent National Bureau of Statistics, NBS,  IGR 2024 report, Lagos, Rivers, and FCT states recorded […]