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 […]
Marching order on food is useless Mr President
By Dele Sobowale “I encourage you to continue speaking truth to power; not only to the government but also to all sectors of society, while also offering constructive solutions that will help us collectively build a nation where integrity, hard work and compassion are the hallmarks of public and private life” – President Bola Tinubu […]
Foreign investment on stock market rises to N1.3trn in 7 months
By Peter Egwuatu Foreign investors’ transactions on the Nigerian stock market have risen to a record high of about N1.3 trillion, indicating improved global investors’ confidence. The latest report released by the Nigerian Exchange Limited, NGX on foreign portfolio participation in Nigeria obtained on Friday indicated that foreign portfolio investment had more than doubled this year, […]
Stock market sustains positive sentiment as investors await MPC meeting
By Peter Egwuatu The outcome of the Central Bank of Nigeria,CBN’s Monetary Policy Committee, MPC meeting this week will determine further direction of the stock market, even as investors sustained the return of bullish momentum last week. The Nigerian Exchange Limited, NGX closed last week on a positive note, as buying interest in BUA Foods, which […]
Zenith Bank’s gross earnings hit N2.5trn in H1’25
*Declares N1.25 interim dividend By Peter Egwuatu Zenith Bank Plc has recorded a robust 20% Year onYear, YoY increase in gross earnings, rising to N2.5 trillion in the first half ending June 2025, H1’25 from N2.1 trillion recorded in the corresponding period 2024,H1’24. The Bank posted an impressive Profit Before Tax, PBT and Profit After […]
Crude oil imports hit record high as Dangote Refinery reshapes trade flow
•Low output impacts domestic crude supply — Reports • Bulk of crude dedicated to future contracts — CPPE •Imported petrol drops 7.45% to 998,500 metric tons •More vessels deliver crude oil, load refined products — Consultant •We are seeing favourable trade balance, foreign exchange — MEMAN By Udeme Akpan &Godwin Oritse Nigeria has recorded a sharp […]
