Naira and Nigerian Stocks Slide After Trump Threat of Military Action
Nigeria’s financial markets opened November 2025 under pressure as the naira and equities fell sharply following remarks by US President…
Category: Business
Standard Chartered deepens commitment to Nigeria; Confirms compliance with the CBN’s N200 Billion minimum capital requirement
Standard Chartered Bank Nigeria Limited has successfully met the Central Bank of Nigeria’s (CBN) N200 billion minimum capital requirement for…
DMO Opens November FGN Savings Bond Offer with Yields Up to 14.565%
The Debt Management Office (DMO) has opened subscriptions for the November 2025 edition of the Federal Government of Nigeria (FGN)…
Fuel Import Duty: Marketers Warn 15% Levy Will Drive Petrol Prices Above ₦1,000 and Threaten Local Operations
Oil marketers across Nigeria have raised alarm over the Federal Government’s newly approved 15% import duty on petrol and diesel,…
World Bank Set to Approve Nigeria’s $1 Billion Development Loan in December to Boost Jobs and Investment
The World Bank has scheduled December 16, 2025, as the tentative date to approve Nigeria’s $1 billion Development Policy Financing…
OPEC+ Pauses Oil Output Increases for Q1 2026 After December Hike
The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have announced plans to pause oil output increases during…
Seven Nigerian Banks Pay ₦674.68bn in Taxes in H1 2025 Amid Rising Earnings
Seven of Nigeria’s leading banks remitted a total of ₦674.68 billion in taxes to the federal government in the first…
Transcorp CEO Owen Omogiafo Urges Faster Energy Access to Power Africa’s Economic Growth
The President and Group Chief Executive Officer of Transcorp Plc, Dr. Owen Omogiafo, has called for urgent action to improve…
U.S. Stock Futures Steady as November Trading Begins Amid Earnings Optimism and AI Momentum
U.S. stock futures opened slightly higher on Monday, marking a steady start to November trading as investors digested solid corporate…
Top 10 Best-Performing Nigerian Stocks in October 2025: NGX Extends Bullish Streak with 8% Monthly Gain
The Nigerian Exchange (NGX) ended October 2025 on a bullish note, with the market advancing 8% to cap another month…
Innovation, efficiency top agenda as ICMR installs fourth president
Calls for innovation, efficiency, and digital transformation took center stage at the 14th Annual Conference and Presidential Investiture of the…
BUA Foods Becomes Nigeria’s Most Valuable Company, Surpasses Dangote and MTN with N12.5 Trillion Market Cap
BUA Foods Plc has officially dethroned Dangote Cement and MTN Nigeria to become the most valuable company on the Nigerian…
European Markets Open Higher as Auto Stocks Surge and Investors Await Key Central Bank Decisions
European markets opened the new trading month on a strong footing Monday, with auto stocks leading early gains as investors…
Oando Suffers $450 Million Revenue Loss as Dangote Refinery Reshapes Nigeria’s Oil Market
Oando Plc, one of Africa’s largest integrated energy companies, has reported a significant $450 million decline in revenue, linking the…
Woodhall Capital Targets $50 Billion in Global Investments to Drive Nigeria’s Development
Woodhall Capital, under the leadership of its founder, Mojisola Hunponu-Wusu, is spearheading efforts to attract $50 billion in global investments…
FG Promises Stakeholder Engagement on 2026 Tax Reforms to Ensure Fair, Transparent System
The Federal Government has assured that the upcoming Nigeria 2026 tax reforms will be implemented through open and continuous consultation…
Naira Strengthens to ₦1,421/$ — 2025 Peak Fueled by Rising Forex Supply and Investor Confidence
The Nigerian naira ended October 2025 on a high note, appreciating to ₦1,421.73 per dollar — its strongest level this…
Seplat Energy Reports N3.36 Trillion Revenue in 9 Months, Declares 7.5 US Cents Dividend
Seplat Energy PLC has posted impressive financial results for the nine months ended September 30, 2025, with revenues soaring to…
Presidency Defends 15% Fuel Import Tariff
The Nigerian Presidency has confirmed that President Bola Tinubu has approved a 15 per cent import tariff on petrol and…
MTN and Airtel Nigeria Profits Surge to ₦1.83 Trillion as Naira Strengthens
Nigeria’s telecom giants, MTN Nigeria and Airtel Nigeria, have posted a combined profit of about ₦1.83 trillion, signalling a strong…
Nigeria’s New Tax Laws to Revive Logistics Industry and Ease Road Transport Costs
Nigeria’s logistics industry, which moves over 90 percent of the country’s goods by road, has long struggled under the weight…
Nigeria Launches National Carbon Market Framework to Unlock $3 Billion in Annual Climate Finance
President Bola Tinubu has approved the adoption of a National Carbon Market Framework (NCMF), alongside the operationalization of the Climate…
Bonny Light Holds at $66 as Market Eyes Trump-Xi Trade Breakthrough
Nigeria’s premium crude blend, Bonny Light, steadied at $66 per barrel on Wednesday, lifted by renewed optimism over trade talks…
Tinubu: Local Production Key to Stabilising Supply Chains and Strengthening Nigeria’s Economy
President Bola Tinubu has reaffirmed his administration’s commitment to strengthening Nigeria’s economy through local production, saying it remains central to…
Nigeria’s New Tax Reforms to Eliminate Multiple Levies and Boost Haulage Industry, Says Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has announced that Nigeria’s haulage and…
European Markets Fall After ECB Decision as Investors Weigh Earnings and Trade Talks
European stock markets opened lower on Friday as investors digested a mix of corporate earnings, economic data, and the European…
Investors Lose ₦371bn as Profit-Taking Pressure Drags NGX Lower
The Nigerian Exchange (NGX) closed Thursday’s trading session on a bearish note as widespread sell pressure in key stocks led…
Nigerians Lose N316bn to Ponzi Schemes, SEC Warns Against Greed and Fake Investment Platforms
The Securities and Exchange Commission (SEC) has disclosed that Nigerians have collectively lost about ₦316 billion to Ponzi schemes and…
Nigerian Equities Market Decline Deepens as Investors Lose N371bn Amid Profit-Taking
The Nigerian equities market extended its losing streak for the fourth straight session on Thursday, as investors’ appetite for risk…
Petrol Price May Rise to ₦1,163 as Tinubu’s New Tariff Targets ₦4.8 Trillion Revenue
Nigerians may soon pay as much as ₦1,163 per litre of petrol as the Federal Government introduces a new tariff…