Stock market losses N1.9trn to profit-taking
•Analysts finger Dangote Refinery IPO By Peter Egwuatu The Nigerian equities market reversed bullish trend last week, as N1.9 trillion was lost to widespread profit-taking across major stocks. The market was bullish penultimate week, as investors gained N3.73 trillion on the Nigerian Exchange Limited, NGX. However, last week’s trading was characterised by heavy selling pressure […]
S&P 500, Nasdaq bounce back after prior day’s losses
Wall Street stocks mostly rose early Wednesday, bouncing back after the prior session’s losses amid bullish investment sentiment in spite of the US government shutdown.
Non-Interest Capital Market now worth N1.6trn — SEC
The Securities and Exchange Commission (SEC) has announced that Nigeria’s non-interest capital market has grown to N1.6 trillion, reflecting rising investor confidence and expanding participation in ethical finance. Director-General of the SEC, Dr. Emomotimi Agama, disclosed this in Abuja during a press briefing ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled for […]
Rail revenue rises 37.36% N2.72bn in Q1’25By Elizabeth Adegbesan
Revenue generated from rail transport rose by 37.36 per cent Year-on-Year, YoY to N2.724 billion in the first quarter of 2025 (Q1’25) from N2.112 billion in the corresponding period of 2024 (Q1’24). The sharp increase was driven by a 37.4 per cent YoY increase in revenue from passenger transport, to N1.95 billion in Q1’25 from […]
Lagos, Rivers, FCT lead as IGR rises 49% to N3.63 trn
By Elizabeth Adegbesan Lagos, Rivers and the Federal Capital Territory, FCT States took the lead as Internally Generated Revenue (IGR) in 2024 grew year-on-year, YoY, by 49.7 percent to N3.63 trillion in 2024 from N2.43 trillion in 2023. According to the recent National Bureau of Statistics, NBS, IGR 2024 report, Lagos, Rivers, and FCT states recorded […]
FG won’t renew licences of poor-performing DisCos in 2028 – Adelabu
By Obas Esiedesa ABUJA — The Minister of Power, Chief Adebayo Adelabu, on Monday said the Federal Government will not renew the licences of poorly performing electricity distribution companies (DisCos) when they expire in 2028. Speaking during a session on the power sector at the Nigerian Economic Summit 2025 in Abuja, Adelabu blamed the DisCos for […]
