Business

Dangote to launch own shipping fleet to boost maritime operation

By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
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Stockbrokers advocate urgent reforms to grow Nigeria’s $1trn economy

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.

Manufacturing’s VAT contribution up 39% to N803.5bn 

•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 […]

SEC warns against investing with GVEST Global

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 […]

ECONOMY: Declining manufacturing, agric sectors threaten Nigeria’s industrialisation 

…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 […]

Sell pressures deflate stock market as investors lose N2.3trn in 5 days

By Peter Egwuatu  THE Nigerian stock market deepened its bearish run last week, driven by sell pressures  among the blue chip companies in almost all the sectors of the market. As a result, the major performance indicator of the market,  Nigerian Exchange Limited, NGX, All Share Index (ASI) fell by 2.51% to close at 141,004.14 points. […]

Investor confidence soars as WealthBridge secures double rating boost

WealthBridge Asset Management Limited, a subsidiary of WealthBridge Financial Services (Holdings) Limited, has received an upgraded investment ratings from Nigeria’s leading credit agencies, Agusto & Co., and DataProLimited affirming its growing market leadership, operational strength, and investor confidence.

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