Economy exits contraction but households remain pessimistic — CBN
•As PMI rebounds to 50.1pts •Business confidence moderates to 7.2pts •Households shun houses, cars, investments •Food remains top spending priority By Babajide Komolafe Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained expansion in the agriculture sector despite continued weakness […]
GTCO raises additional capital via private placement
By Emeka Anaeto, Business Editor Guaranty Trust Holding Company Plc (GTCO) has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements. The Company had earlier on […]
NNPC monthly revenue drops 14% to N4.358trn
Pays N967bn to Government By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd) said that its monthly revenue declined by 14.17 per cent in November 2025 to N4.358 trillion, down from N5.078 trillion recorded in October. In its monthly report released on Wednesday, NNPC Ltd revealed that despite the drop in revenue, profit […]
Nigeria’s oil output drops 5.9% to 1.599m bpd
By Udeme Akpan, Energy Editor Nigeria’s oil output fell by 5.9 percent year-on-year (YoY) to 1.599 million barrels per day (bpd), including condensate, in November 2025 from 1.698 million bpd in the corresponding period of 2024. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in its December 2025 Crude Oil and Condensate Production report. Also, […]
2025: Investors gain N35.72trn as reforms fuel stock market surge
•Market capitalisation nearly N100trn in value •Foreign portfolio transactions up 178.8% YoY in 11months By Peter Egwuatu, Assistant Business Editor After years of volatility driven by macroeconomic instability, foreign exchange distortions and policy ambiguity, the Nigerian capital market staged a powerful comeback that was anchored on reforms translating to wealth, confidence rebuilding, and renewed domestic and foreign […]
GTCO raises additional capital via private placement
Guaranty Trust Holding Company Plc (GTCO) has obtained the approvals of both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to undertake a private placement of its ordinary shares, subject to the fulfilment of the applicable conditions precedent and regulatory requirements.
