Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
Banking, Industrial Goods drive stock market as investors gain N5.5trn
Peter Egwuatu The stock market extended its bullish run for the fourth consecutive week, supported by sustained investor interest in Banking and Industrial Goods stocks. Trading last week o the Nigerian Exchange Limited, NGX showed that market participants digested the first wave of the first quarter, Q1’26 earnings reports across the Consumer Goods, Cement, and Hospitality […]
Judgment debt: Court restrains ShopRite directors from selling shares, assets
A Federal High Court sitting in Ikoyi, Lagos, has restrained the Directors of Retail Supermarkets (ShopRite) from selling the shares or assets of the Company until the satisfaction of the judgment debt.
AXA Mansard grows insurance revenue by 22% to ₦160.6bn, navigates profit dip amid FX volatility
By Rosemary Iwunze AXA Mansard Insurance Plc has reported a 22 per cent increase in insurance revenues to ₦160.56 billion for the financial year ended December 31, 2025, underlining sustained growth momentum despite a challenging macroeconomic environment marked by inflationary pressures and foreign exchange volatility. The insurer, a member of the AXA Group, disclosed this […]
Naira appreciates to N1,380/$ in parallel market
This week, the naira weakened by N9.66 per dollar in the official market, with the number of deals in the Interbank foreign exchange market falling by 41.7 percent to 346 deals from 594 deals the previous week.
Brent crude falls below $100 on hopes of fresh Iran peace talks
Oil prices fell on Friday after it appeared a second round of Middle East talks was back on, bolstering prospects for an end to a war that has crippled energy shipments from the Gulf.
