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 […]

By Obas Esiedesa ABUJA — The Minister of Power, Chief Adebayo Adelabu, on Monday said the Federal Government will not renew the licences of poorly performing electricity distribution companies (DisCos) when they expire in 2028. Speaking during a session on the power sector at the Nigerian Economic Summit 2025 in Abuja, Adelabu blamed the DisCos for […]

By Emma Ujah, Abuja Bureau Chief THE Federal Government may have concluded plan to phase out multiple budget fiscal operations if the disclosures of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, is the current reality. The multiple budgetary fiscal operations entail implementation of more than one Appropriation Acts simultaneously […]

By Elizabeth Adegbesan THE Central Bank of Nigeria (CBN) has announced that any agent found engaging in non-permissible activities under its newly revised Agent Banking Guidelines will face a minimum penalty of N5 million for the offence and N100,000 for each day the default continues, in addition to forfeiting any profit made from such activities. According […]

…As they pocket N1.2trn last week By Peter Egwuatu   The Nigerian stock market has recorded a massive bull’s run in the first three trading days of the last quarter 2025. Combined with bullish trading in the last day of the third quarter, the investors raked in about N1.17 trillion in four trading days last week on […]

…Seeks further MPR cut, special financing window    The Manufacturers Association of Nigeria (MAN) have continued to bemoan the high interest rates in the country, noting that the situation has place the nation’s manufacturing sector at a competitive disadvantage against other countries of the world. Director General of MAN, Segun Ajayi-Kadir, noted this while expressing optimism […]

By Yinka Kolawole There was a marginal decline in expansion of the manufacturing sector in September driven largely by weakness in key sub-sectors of the ecosystem occasioned by binding constraints. This was revealed in the NESG-Stanbic IBTC Business Confidence Monitor (BCM) Index for the Manufacturing sector in September 2025, which signaled that the sector recorded a slowdown […]

…Warns against Ponzi schemes   By Emma Ujah & Favour Isaac   The Nigeria Deposit Insurance Corporation (NDIC) currently provides full insurance cover for 98.98 percent of total customer deposits in Deposit Money Banks. The Managing Director of the Corporation,  Mr. Thompson Sunday, revealed this at the NDIC Special Day at the ongoing 20th Abuja International Trade Fair, […]

The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.02 per cent and 1.31 per cent to close the week at 143,584.04 and N91.135 trillion respectively.