Nigerian Insurers Oppose Tax Breaks for Foreign Firms, Warn of Market Distortion
A proposal to exempt foreign insurance companies from paying taxes on premiums generated in Nigeria has sparked concern among local…
Category: Business
FG to Review Tariff Policies to Boost Local Manufacturing and Reduce Business Costs
The Federal Government of Nigeria has launched a strategic review of tariff policies to strengthen local manufacturing, protect domestic industries,…
Nigeria’s Economic Reforms Boost Balance of Payments and Foreign Exchange Inflows
Nigeria’s ongoing economic reforms are showing tangible results, as the country records a significant rebound in its Balance of Payments…
Seplat Shares Soar 6.2% YTD in 2026 on Heirs Energies Acquisition and Strong Growth Outlook
Seplat Energy has started 2026 on a high note, with its shares gaining 6.2% year-to-date within the first trading week,…
Alphabet Surges to $4 Trillion Valuation as AI Innovations Boost Investor Confidence
Alphabet, the parent company of Google, briefly crossed the $4 trillion market valuation mark on Monday, becoming the fourth company…
Nigeria’s Forex Earnings Face Pressure Amid Global Energy Divide
Nigeria’s foreign exchange earnings are facing increasing pressure as the global energy landscape becomes sharply divided between fossil-fuel-dependent “petrostates” and…
Top 10 Insurance Stocks in Nigeria That Delivered Massive Returns in 2025
The Nigerian insurance sector powered through 2025 with a remarkable 65.64% return, surpassing the broader All-Share Index, which gained 51.19%.…
Dangote Refinery Turns Nigeria into a Maritime Goldmine: Experts Highlight Jobs and Trade Opportunities
Nigeria’s Dangote Refinery is rapidly reshaping the country’s maritime landscape, according to industry experts. Maritime authorities say the facility’s strategic…
Apple Partners with Google’s Gemini AI to Power Siri: A New Era in AI Integration
Apple and Google have announced a groundbreaking multi-year partnership that will see Apple’s Siri digital assistant powered by Google’s Gemini…
Nigeria Ranks 72nd Globally in AI Readiness as Egypt Leads Africa
Nigeria has been ranked 72nd globally in artificial intelligence (AI) readiness, placing fourth in sub-Saharan Africa (SSA) behind Kenya, South…
European Markets Set to Open Higher as Geopolitical Tensions and U.S. Data Shape Investor Sentiment
European stocks are expected to open broadly higher on Tuesday, extending a cautiously optimistic start to the week as investors…
Three Nigerian Bank Mergers Expected Ahead of CBN Recapitalisation Deadline
At least three bank mergers are expected in Nigeria in early 2026 as lenders race to meet the Central Bank…
NGX Opens Week Stronger as Market Gains ₦745bn on Renewed Investor Confidence
The Nigerian Exchange Limited (NGX) started the new trading week on a positive footing on Monday, adding ₦745bn to its…
Traders Target India and China to Restart Venezuelan Crude Exports
Global commodities giants Vitol and Trafigura have begun discussions with refiners in India and China to sell Venezuelan crude oil,…
NASD Market Capitalisation Surges 106% in 2025 Amid Strong Listings and Diversification
The NASD Securities Exchange has reported a remarkable growth in 2025, with its market capitalisation hitting N2.12 trillion—an increase of…
Nigeria’s Stock Market Hits N100 Trillion on Back of Reforms and Collaboration
Nigeria’s equity market has officially crossed the N100 trillion market capitalisation mark, signaling a remarkable turnaround for the nation’s financial…
US Financial Stocks Drop as Trump Proposes Credit Card Interest Rate Cap
U.S. financial stocks fell sharply in early trading on Monday after President Donald Trump proposed a one-year cap on credit…
Oyedele Defends Nigeria’s New Tax Laws Against KPMG Critique
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has strongly rebutted KPMG’s recent observations on…
Petrol Price War Escalates: Retailers Drop Prices Below Dangote’s N739/Litre Benchmark
The ongoing petrol price war in Nigeria has taken a sharper turn, with several retail outlets now selling Premium Motor…
Dangote Refinery Boosts Local Supply, Reduces Nigeria’s Reliance on Petrol Imports
Nigeria’s petrol market is witnessing a major shift as Dangote Refinery and Petrochemical now reportedly meet domestic fuel demand, reducing…
Nigerian Stock Market Set to Maintain Upward Trend Amid High Investor Confidence
The Nigerian stock market is showing strong signs of resilience as it enters the new week, with analysts predicting the…
2026 Budget: 2 Federal Ministries Allocate N209.9bn For Computer Software, Research, Others
The Federal Ministry of Finance and the Ministry of Budget and Economic Planning have earmarked a combined N209.9 billion for…
FirstHoldCo Strengthens Non-Bank Subsidiaries with Key Board Appointments
FirstHoldCo Plc has announced a series of strategic board appointments across its non-commercial banking subsidiaries, aiming to enhance corporate governance,…
How Nigerian Manufacturers Can Maximize Profits with New 2026 Tax Laws
Nigerian manufacturers are poised for a major boost in 2026 thanks to the implementation of the Nigeria Tax Act (NTA)…
Banks Slash Loans to Manufacturers and Traders by N2.1 Trillion in H1 2025
Nigeria’s banks have cut loans to manufacturers and traders by N2.1 trillion in the first six months of 2025, highlighting…
Nigeria’s Securities Firms Call for Collaborative Regulation and Faster Dispute Resolution
Nigeria’s securities market operators are advocating for a new regulatory approach that emphasizes collaboration and speedy dispute resolution, citing the…
Nigerian Equities Rally by N3.84 Trillion as Investor Confidence Surges
Nigerian equities recorded a strong rebound last week, gaining N3.84 trillion in market value as renewed buying interest lifted share…
CBN FX Sales Hit $654m in December as Nigeria’s Foreign Exchange Inflows Rebound
Foreign exchange inflows into Nigeria’s FX market rebounded sharply in December, supported largely by increased dollar sales from the Central…
Fitch Forecasts Stable Investment Mix for Life Insurers in 2026 Despite Rising Risk Appetite
Fitch Ratings has projected that the investment portfolio mix of life insurance companies will remain largely stable in 2026, supported…
Nigeria’s Oil Regulators Renew Cooperation to Boost Investment and Industry Growth
Nigeria’s top oil regulators have renewed their commitment to strengthen collaboration, aiming to drive investment and efficiency in the country’s…