Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG
By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
NGX market capitalisation hits ₦100trn
“The rally was driven by strong buying interest in stocks such as Cadbury Nigeria, Fidson Healthcare, and Champion Breweries”
Equity investors sustain last year end rally to gain N2.05trn
By Peter Egwuatu The investors on the Nigerian Exchange Limited, NGX sustained the 2025 year-end rally, gaining N2.05 trillion in the four trading days of the week. Financial analysts noted that investors returned to fundamentally strong stocks across the Banking, Information Communications Technology , ICT and select Consumer Goods sectors. Analysis of trading shows that the […]
Solid minerals records 337% revenue rise to N70bn in 2025
By Gabriel Ewepu The Ministry of Solid Minerals Development recorded a 337 per cent increase in revenue, rising to over N70 billion in 2025 from N16 billion in 2023, under the leadership of Minister of Solid Minerals Development, Dr Dele Alake. The development was disclosed by the Special Assistant on Media to the Minister, Segun Tomori, […]
Credit to economy rises 1.7% to N100trn
By Elizabeth Adegbesan Credit to the economy crossed the N100 trillion mark for the first time, as it rose by 1.7 per cent, month-month, MoM to N100.98 trillion in November from N99.2 trillion in October. The increase was driven by 6.4 per cent, MoM rise in Credit to the government to N26.4 trillion in November 2025 […]
2026: Manufacturers seek creation of refinancing, rediscounting facility
To ensure single-digit interest loans •Seeks prompt implementation of industrial policy By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has called for the creation of a Manufacturing Refinancing and Rediscounting Facility (MRRF), among other sweeping financial and policy interventions, aimed at reviving the country’s manufacturing base in 2026. In a report on 2026 manufacturing outlook, […]
