FG to track poverty, incomes to assess impact of reforms — Oyedele
By Yinka Kolawole The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has disclosed plans by the Federal Government to publish indicators tracking poverty, incomes and inequality to assess the impact of the government’s economic reforms on the living standards of Nigerians. He said the move is aimed at addressing criticism of the […]
DIVERSIFICATION: Manufactured goods export up 46.8% to N1.1trn in H1’25
By Yinka Kolawole The move to diversify Nigeria’s export portfolio seems to be yielding results as the value of manufactured goods exported from the country in the first half of 2025 (H1’25) surged by 46.76 percent to N1.1 trillion from N749.5 billion in the corresponding period of the previous year (H1’24). Analysis of reports of Foreign […]
Marching order on food is useless Mr President
By Dele Sobowale “I encourage you to continue speaking truth to power; not only to the government but also to all sectors of society, while also offering constructive solutions that will help us collectively build a nation where integrity, hard work and compassion are the hallmarks of public and private life” – President Bola Tinubu […]
Foreign investment on stock market rises to N1.3trn in 7 months
By Peter Egwuatu Foreign investors’ transactions on the Nigerian stock market have risen to a record high of about N1.3 trillion, indicating improved global investors’ confidence. The latest report released by the Nigerian Exchange Limited, NGX on foreign portfolio participation in Nigeria obtained on Friday indicated that foreign portfolio investment had more than doubled this year, […]
Stock market sustains positive sentiment as investors await MPC meeting
By Peter Egwuatu The outcome of the Central Bank of Nigeria,CBN’s Monetary Policy Committee, MPC meeting this week will determine further direction of the stock market, even as investors sustained the return of bullish momentum last week. The Nigerian Exchange Limited, NGX closed last week on a positive note, as buying interest in BUA Foods, which […]
Zenith Bank’s gross earnings hit N2.5trn in H1’25
*Declares N1.25 interim dividend By Peter Egwuatu Zenith Bank Plc has recorded a robust 20% Year onYear, YoY increase in gross earnings, rising to N2.5 trillion in the first half ending June 2025, H1’25 from N2.1 trillion recorded in the corresponding period 2024,H1’24. The Bank posted an impressive Profit Before Tax, PBT and Profit After […]
Crude oil imports hit record high as Dangote Refinery reshapes trade flow
•Low output impacts domestic crude supply — Reports • Bulk of crude dedicated to future contracts — CPPE •Imported petrol drops 7.45% to 998,500 metric tons •More vessels deliver crude oil, load refined products — Consultant •We are seeing favourable trade balance, foreign exchange — MEMAN By Udeme Akpan &Godwin Oritse Nigeria has recorded a sharp […]
Foreign investment on stock market rises to N1.3 trn in 7 months
Foreign investors’ transactions on the Nigerian stock market have risen to a record high of about N1.3 trillion, indicating improved global investors’ confidence.
Ajaokuta Steel Company in good shape, says FG
By Gabriel Ewepu THE Federal Government, yesterday, declared that Ajaokuta Steel Company is in good shape as against media reports recently. This was contained in a statement signed by the Head, Press and Public Relations Department, Ministry of Steel Development, Salamatu Jibaniya. The statement reads in part: “The attention of the Federal Ministry of Steel Development […]
NNPC Trading boss Maryamu Idris named Nigeria’s OPEC national representative
The NNPC said Idris will be instrumental in ensuring that “Nigeria’s energy interests are effectively represented and harmonised with OPEC’s overall objectives.”
VFD Group delivers on its N20b CP with N4.24b series 4 redemption
VFD Group Plc, a Lagos based investment company, has announced the full redemption of its ₦4.24 billion Series 4 Commercial Paper (CP) issued December 2024.
CIS to spotlight innovation, global market leadership
Digital innovation and global competitiveness in Nigeria’s capital market will take centre stage as the Chartered Institute of Stockbrokers (CIS) hosts its flagship event, the 2025 annual stockbrokers’ conference in Abuja.
Expert charges insurance, pension operators to cover informal sector
By Rosemary Iwunze The Managing Director/ Chief Executive Officer, Arthur Stevens Asset Management, Mr. Olatunde Amolegbe, have challenged operators in the insurance and pension sectors to come up with strategies that will bring the full informal sector under insurance and pension coverage. Amolegbe who gave the challenge at the 10th Annual Conference of the Nigerian […]
New tax laws: Incentive schemes must spur industrialisation — LCCI
By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has voiced the desire of the organised private sector (OPS) in Nigeria on how the incentives schemes in the newly enacted tax laws could be used to spur industrialisation in the country. President of LCCI, Gabriel Idahosa, made the declaration yesterday in Lagos, in his […]
FG pays out N330bn cash transfers to poor Nigerians — Edun
…Says to be provisioned in annual budgets By Emma Ujah, Abuja Bureau Chief The federal government has paid poor Nigerians the sum of N330 billion in cash transfers through the National Social Safety-net Coordinating Office. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this while briefing the press, in Abuja, […]
CSCS grows securities transactions by 138 % to N2.11 trn
The Central Securities Clearing System (CSCS) has recorded an impressive execution of N2.112 trillion in securities transactions between May and August 2025, representing a 138.44% increase compared to N885.93 billion recorded during the same period in 2024.
