Crude oil, aviation fuel top import chart at Lekki deep-sea port
By Godwin Oritse Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products brought into the country through the facility. Shipping documents obtained by Vanguard showed that petroleum products dominated imports through the Lekki Deep […]
PTML Customs generates N116bn in Q3
By Cynthia Alo The Port and Terminal Multi-Services Limited (PTML) Command of the Nigeria Customs Service (NCS) generated N116.2 billion in revenue for the third quarter of 2025, Q3’25, representing a 34.3 per cent increase from the N86.5 billion recorded in the same period of 2024. Customs Area Controller of the Command, Comptroller Joe Anani, disclosed […]
Nigeria’s foreign inflow in stock market rises 846% to over N1trn
By Peter Egwuatu The Nigeria’s foreign portfolio inflow through the stock market increased sharply by 845.9% in two years as at September 2025, to N1.03 trillion against the figure of N108.93 billion in 2023. Conversely the foreign investment outflow increased by 443.6 % to N810.39 billion in the two year period as at September 2025 to […]
UBA to showcase power of digital marketing for SME growth at Business Series
United Bank for Africa (UBA) Plc is set to host another edition of the quarterly UBA Business Series, with the theme “Content that Converts: Building Influence and Driving Growth Through Strategic Marketing.” This edition, the final for the year, which will be held at the UBA Head Office, Marina Lagos, on Thursday, November 6th, 2025, underscores […]
FATF delisting will boost investor confidence in Nigeria — SEC DG
By Peter Egwuatu Director General of the Securities and Exchange Commission, SEC, Dr. Emomotimi, Agama has commended Nigeria’s removal from the Financial Action Task Force, FATF, grey list, describing it as a clear reflection of the country’s renewed policy direction and commitment to transparency. The FATF maintains “grey” and “black” lists for countries it has identified […]
How to invest your money wisely (2)
You must also consider how your money will be affected and the possibility of recovering your money if things go bad.
Transcorp Group revenue jumps 39% year-on-year in third quarter of 2025
Transcorp Group maintained its strong growth trajectory, driven by the Company’s resilient business strategy and operational excellence.
Corporate treasurers appeal to CBN on invalidated $2.2bn forward contracts
Set to host 2025 Treasury360 conference The Association of Corporate Treasurers of Nigeria (ACTN) has appealed to the Central Bank of Nigeria (CBN) to settle the outstanding portion of the invalidated $2.2 billion forward contracts. President of ACTN, Yinka Ogunnubi, made the plea at a media briefing to announce the forthcoming 2025 Treasury360 Conference and Exhibition […]
Manufacturing demand dips as consumers spend 70% income on transport, energy — MAN
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has declared that decreasing demand for manufactured products occasioned by a sharp drop in the purchasing power of consumers due to inflationary pressures led to 87.72 percent surge in unsold inventory to N2.14 trillion in 2024 from N1.14 trillion in 2023. Director General of MAN, Segun Ajayi-Kadir, […]
NECA, MAN, NACCIMA reject Senate’s NSITF takeover
“These amendments threaten to fundamentally weaken the NSITF governance structure, erode accountability and transparency, and expose the Fund to undue political interference,” the OPSN declared.”
Nigeria loses $6.8bn to oil production shortfalls in 8 months
•Records 93.74m barrels shortfall •2.06m bpd target no longer realistic this year — experts By Obas Esiedesa Nigeria has recorded crude oil production shortfall of about 93.74 million barrels in the first eight months of 2025, raising concerns over adequate funding of the 2025 national budget. The shortfall indicates about $6.848 shortfall in oil revenue, the key […]
NB grows revenue by 48% to N1.04trn in 9 months
By Peter Egwuatu Nigerian Breweries Plc, the foremost brewing company in Nigeria, has posted a group revenue of N1.04 trillion for the nine-month period ended September 30, 2025, representing a 48% growth over the N703 billion recorded in the corresponding period in 2024. According to the unaudited results released on to the Nigerian Exchange Limited, NGX […]
Positive sentiment trails stock market as investors gain N4.6trn
By Peter Egwuatu The Nigerian Exchange (NGX) sustained its bullish momentum last week, marking its 7th consecutive week of gains as investors deepened buy positions in blue-chip stocks across key sectors. Last week performance reflected renewed investor confidence, driven by expectations of stronger corporate earnings, improved macroeconomic sentiment, and renewed portfolio rebalancing toward fundamentally strong companies. […]
Less than 4% of Nigerians Invest in Capital Market — SEC DG
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has expressed concern over the alarmingly low level of participation by Nigerians in the capital market, revealing that fewer than four percent of the country’s adult population are active investors.
Lafarge Africa records 63% revenue growth to N780.48bn in Q3’25
By Peter Egwuatu Lafarge Africa Plc, has announced revenue of N780.48 billion for the first nine months of 2025, Q3’25, representing a 63% increase from N479.49 billion recorded in the corresponding period of 2024, Q3’24. A detailed review of the results sent to the Nigerian Exchange Limited, NGX shows a 246% surge in Profit After Tax […]
Nigeria records over $50bn cryptocurrency transactions in one year
The Securities and Exchange Commission (SEC) says over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June 2024.
