… As sell pressure pushes prices down By Peter Egwuatu Sell pressures on blue chip stocks such as Oando, First Holdco and others has pushed down the Nigeria Exchange Limited, NGX All Share Index, ASI, by 0.1% to close last Friday at 105,511.89 points from 105,426.12 bases points the previous week. Another major indicator, market capitalization, […]

By Emma Ujah, Abuja Bureau Chief The Nigeria Customs Service (NCS) has issued the first Pre-Arrival Assessment Report (PAAR) under the  B’Odogwu,  the Unified Customs Management System. Spokesman of the Service, Abdullahi Maiwada (ACP), in a statement issued on behalf of the Comptroller-General, Mr. Adewale Adeniyi, in Abuja, at the weekend, declared that the development marked […]

…Export value rising, import surges 298% *Contribution to GDP on downward spiral *Textile mills down to 20 from 180 *Workforce shrinks to 20,000 from 650,000 *Stakeholders blame smuggling, counterfeiting …Lament failures in implementation of sector policies …Seek strict Executive Order 003 enforcement By Victor Ahiuma-Young, Yinka Kolawole & Cynthia Alo The Nigerian textile industry has continued […]

The debt stock consists of external debt of N70.29 trillion ($45.78 billion) serviced with $4.66 million and domestic debt of N74.38 trillion ($48.44 billion).

The top five decliners for the week are: UAC of Nigeria, Sunu Assurance, Universal Insurance, Oando and Consolidated Hallmark Holdings

London’s FTSE 100 plunged 4.95% on Thursday — its biggest daily fall since the March 2020 Covid lockdown — following Donald Trump’s sweeping new tariffs that have triggered global market turmoil.

The figure represents a 189.9 per cent increase from the N395.79 billion tax paid in the 2023 financial year.

By Peter Egwuatu The Securities and Exchange Commission (SEC) has said that the Investments and Securities Act, ISA 2025, is a game changer that has the strong potential of stimulating growth in the Nigerian capital market and the economy. According to a statement, the Director General of SEC, Dr. Emomotimi Agama, stated this in an […]

By Emma Ujah   The International Monetary Fund (IMF) has expressed  support for the Single Window Trade Project, an initiative to boost trade, increase revenue, and propel Nigeria’s economy. The IMF’s position was announced yesterday  during a meeting between the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and a delegation from the […]

By Yinka Kolawole The federal government and the United Nations Industrial Development Organisation (UNIDO) have signed a $175 million programme for country partnership (PCP) deal to enhance Nigeria’s industrial capacity, drive technological innovation, and promote sustainable economic growth in the country. At the signing ceremony, Minister of Budget and Economic Planning, Abubakar Bagudu, said the initiative […]

By Emeka Anaeto, Business Editor The  little achievements and signs of economic recovery seen around recent economic reforms may be eroded by an increasing belief that the government is more interested in politics than in pursuing inclusive economic growth and development. Speaking to Vanguard at the backdrop of the up-coming Vanguard National Economic Discourse, Professor Franklin […]

At the backdrop of the on-coming 2025 edition of Vanguard Economic Discourse, former Statistician General of the Federation/ Director General of the National Bureau of Statistics (NBS) Dr Yemi Kale…

This policy, which targets over 180 countries—including several African countries—is expected to redefine economic ties.

In October 2024, CEO Jamie Dimon visited Nigeria, where he engaged in discussions with CBN Governor Olayemi Cardoso.

Sterling Bank has confirmed that this is no stunt: the zero-transfer-fee policy is real and effective immediately.