By Obas Esiedesa  Seven months into the implementation of the 2025 budget, Nigeria’s oil production has fallen short by 82.46 million barrels, representing an 18.88 percent deficit against the Federal Government’s target of 2.1 million barrels per day (bpd). Latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that between January and July 2025, the […]

as MSMEs accessed N1trn in 2yrs By Providence Ayanfeoluwa  The Nigerian-British Chamber of Commerce, NBCC and Moniepoint, Inc. have entered into partnership to unlock access to finance, strengthen business capacity, and drive prosperity for Nigeria Micro, Small and Medium Enterprises, MSMEs.   Speaking at the NBCC and Moniepoint MSME event themed: “Money in Motion: Unlocking Capital, Driving […]

By Babajide Komolafe, Economy Editor Founder of Avon HMO and Avon Medical, Dr. Awele Elumelu,  yesterday called on local and foreign investors to seize Nigeria’s vast opportunities, describing the country as a “goldmine waiting to be unlocked.” Speaking at the Lagos Chamber of Commerce and Industry (LCCI) International Business Conference and Expo 2025 in Lagos, Elumelu, […]

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalization grew to N89.696 trillion from N89.493 trillion recorded on Monday, representing a 0.23 percent increase.

BY Mariam Eko The national average retail price of Premium Motor Spirit, PMS, otherwise known as petrol increased year-on-year, YoY, by 33.02 percent to N1,024.99 in July 2025 compared to the value in the corresponding period of 2024. On a month-on-month, MoM basis, the average retail price decreased by 1.22 percent from N1,037.66 per litre in […]

By Peter Egwuatu   Additional N900 billion capital is expected to be injected into the Nigerian banking industry before the end of 2025, although the expiration of the regulatory forbearance will moderate the performance of the banks, a report by Agusto & Co. Limited has hinted. In its “Nigerian Banking Industry Report” the firm  noted that the […]

Stockbrokers, under the banner of the Chartered Institute of Stockbrokers (CIS), have called on the Federal Government to initiate urgent economic reforms aimed at repositioning the Nigerian capital market as a key driver in achieving the country’s $1 trillion economy target.

•Remains top contributor in 4yrs By Yinka Kolawole  The contribution of Nigeria’s manufacturing sector to Value-added Tax (VAT) increased by 38.93 percent to N803.5 3 billion in 2024 compared compared to the N578.39 billion recorded in 2023. Data obtained from the National Bureau of Statistics (NBS) also shows that despite its declining output, the nation’s manufacturing sector […]

The Securities and Exchange Commission (SEC) has cautioned Nigerians against doing business with GVEST Global, saying the company is an unregistered investment adviser and fund manager promoting illegal schemes. In a statement yesterday, the regulator said GVEST Global also operates under different names, including GVEST (Alausa) Cooperative Multipurpose Limited, GVEST Investment Limited, and GTEXT Holdings. “The […]

…As services sector takes driving seat ··Manufacturing loses N1.2trn in 5 years —Report •FDI plummets amid waning investors’ confidence  •Rebasing exposes sector’s structural weakness —MAN  •Nigeria struggling with de-industrialisation, says NESG  •Manufacturing should contribute 40% to GDP —Ekpo  By Yinka Kolawole THERE is a growing concern among industry stakeholders as the gap between real and services […]