The Federal Government has unveiled plans to recapitalise the Bank of Industry (BOI) to N3trn by 2026 as part of a broader strategy to stimulate industrial growth, deepen access to long-term financing, and strengthen Nigeria’s productive base. The recapitalisation forms a key pillar of the National Industrial […]
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Trending News
NGX Records First Commercial Paper Listing with Dangote Cement’s ₦119.87bn Issuance
Nigerian Exchange Limited (NGX) has recorded its first Commercial Paper (CP) listing with the admission of Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its ₦500 billion Commercial Paper Issuance Programme. The two series, with a combined value of ₦119.87 billion, were admitted to […]
African Union Grants Nigeria Permanent Seat On African Central Bank Board
Nigeria has secured a permanent seat on the Board of the African Central Bank (ACB) following a decision by the Executive Council of the African Union (AU) at its 39th session, marking a significant milestone in the country’s continental diplomatic and economic engagements. The Minister of Foreign Affairs, […]
Weak Competition Keeps Nigeria’s Cement Prices High Despite Surplus Capacity – Report ………..Warns High Cement Prices Are Undermining Housing, Infrastructure Delivery
Weak competition and a highly concentrated market structure are the primary drivers of persistently high cement prices in Nigeria, despite the country’s surplus production capacity, according to a new report by Agora Policy, a Nigerian policy think tank. In its latest policy insight titled “Market Power and Failure of Competition […]
Dangote, Three Others Richer Than Half of Africa-Oxfam ….Warns Weak Taxation Fuels Africa’s Wealth Gap ……Raises Alarm Over Nigeria’s Tax System as Billionaire Wealth Climbs
Africa’s wealth inequality has widened sharply, with Aliko Dangote and three other African billionaires now holding more wealth than half of the continent’s population combined, according to a new report by global anti-poverty organisation Oxfam. The report, released as political leaders and top business executives convene for […]
Dangote Refinery Links Stable Petrol Supply To Economic, Currency Stability …Hits Over 50m Litres Daily Supply, Targets Full Market Coverage
Dangote Petroleum Refinery Plc has assured Nigerians of a sustained end to Premium Motor Spirit (PMS) scarcity, declaring that the country has entered a new phase of fuel abundance driven by domestic refining, stable pricing and large-scale supply. The assurance was given on Wednesday in Lagos by the newly […]
Nigerian Stock Market Hits Record Highs, Creates N36.62trn Wealth in 2025
The Nigerian equities market delivered a historic performance in 2025, generating approximately N36.62trn in capital gains for investors, even as the economy contended with soaring inflation, foreign exchange volatility, and political uncertainties. Data from the Nigerian Exchange Limited (NGX) showed that the benchmark All-Share Index (ASI) rose by 51.19 […]
ISA 2025: SEC mandates full compliance by Capital Market Operators
The Securities and Exchange Commission (SEC) has said that all the Capital Market Operators (CMOs) must state compliance level and ensure all tradable instruments are registered in line with the Investments and Securities Act (ISA) 2025 latest January 2026. The Director-General of SEC, Dr Emomotimi Agama, disclosed this at […]
FMDQ Group celebrates market excellence at 8th Annual GOLD Awards
The FMDQ Group Plc has commemorated the 8th edition of its prestigious GOLD Awards, continuing its long-standing tradition of celebrating excellence in the Nigerian financial. The FMDQ GOLD Awards are designed to acknowledge, on an annual basis, market participants instrumental in fostering the growth and development of FMDQ’s markets. The […]
Shettima, Economic Stakeholders Urge Africa to Leverage Islamic Finance for Inclusive, Sustainable Development
Vice President Kashim Shettima and other economic Stakeholders have called on African nations to deepen the adoption of Islamic finance as a tool for inclusive and sustainable economic transformation across the continent. Represented by Dr. Tope Fasua, Special Adviser to the President on Economic Matters, Shettima made the […]