Steel imports bleed Nigeria’s economy
Nigeria spent over N1 trillion on steel importation in 2025, according to available data from the National Bureau of Statistics, NBS.
Nigeria’s Bonny Light price rises to $67 pb as Israel hits Qatar
Despite the price jump, oil prices remained below the $75 per barrel benchmark of Nigeria’s 2025 budget.
Bonds: Investors hold positions as average yield closed flat at 16.97%
By Peter Egwuatu The Federal Government of Nigeria (FGN) bonds traded soft in the secondary market in the absence of a bargain-fuelling catalyst to lift investors’ subdued sentiment, with average yield closed flat at 16.97%. The Credit rating services, has said that bond investors held positions tight amidst uncertainties in the economy, fluctuating returns and intermittent […]
Nigeria’s packaging industry hits $2.5bn
By Providence Ayanfeoluwa Nigeria manufacturing sector has been described as a crucial industry, as recent data has shown the nation’s packaging market stood at N2.5billion George Pearson, Regional Director, Montgomery Group, who stated this at the ongoing 12th edition of Propak West Africa (the premier trade event for packaging, plastics, printing, and processing in the region) […]
Sterling HoldCo projects strong year-end performance
Sterling Financial Holdings Company Plc (Sterling HoldCo) says it is on track to sustain its growth momentum into the final quarter of 2025, projecting gross earnings of ₦149.27 billion for the period ending December 31.
No immediate plan to implement 5% fuel tax —Edun
•Oyedele defends 5% fuel surcharge, says not to burden Nigerians •FG gazettes tax reform laws, implementation to begin January 2026 By Emma Ujah, Abuja Bureau Chief The Federal Government has no immediate plan to implement the 5 percent Petroleum Products Tax as contained in the Tax Administration Act, 2025. The Minister of Finance and Coordinating Minister […]
CSCS, regulators, operators rally to execute T+2 settlements in November
By Peter Egwuatu The Central Securities Clearing System (CSCS) Plc, Nigeria’s premier clearing and settlement house, has received strong backing from capital market regulators and operators for its transition to a T+2 settlement cycle, scheduled to commence on 28th November 2025. This move marks a significant milestone in advancing efficiency, risk mitigation, and global competitiveness […]
Energy Transition: NEITI tasks CSOs on tracking govts, companies’ commitments
By Obas Esiedesa, Abuja The Nigeria Extractive industries Transparency Initiative (NEITI) has urged civil society organisations (CSOs) to take a leading role in holding governments and companies accountable for their energy transition commitments. Executive Secretary of NEITI, Dr. Orji Ogbonnaya Orji, made the call in Abuja during a courtesy visit to the Executive Director of the […]
Customs, defence bureau test locally built airboat for anti-smuggling operations
By Providence Ayanfeoluwa To strengthen maritime security and enhance anti-smuggling operations, the Nigeria Customs Service, NCS and Defence Research and Development Bureau, DRDB have jointly tested a homebuilt airboat at Jabi Lake, Abuja. The locally developed vessel, designed to maneuver in shallow and hard-to-reach waterways, was inspected and taken on a test run by officers […]
Foreign portfolio inflow up 354% to N609.73bn in 3yrs
… As outflow increases by 382.2% By Peter Egwuatu The Foreign Portfolio inflow on the Nigerian stock market has increased by 354.4 % to N609.73 billion in seven months of 2025 (7M’25) against N134.19 billion in seven months of 2022(7M’22). The domestic and foreign transactions report released by the Nigerian Exchange Limited, NGX showed that foreign […]
OPEC+ to continue to increase oil output in October
OPEC+ has decided to ramp up oil output by 137,000 barrels per day (bpd) in October.
