The World Bank Group has raised concerns over mounting economic pressures stemming from the ongoing conflict in the Middle East, warning that prolonged instability could significantly disrupt global markets and undermine growth in emerging economies. The institution said in a statement that it is actively engaging with affected […]
Category: Trending
Trending News
‘Future of Financial Journalism Lies In Human, AI Collaboration’ — Datapro
The management of Datapro has emphasised that the future of financial journalism will depend on a careful balance between artificial intelligence and human judgment, warning that while AI is transforming reporting, trust and credibility must remain paramount. This position was made known during a specialised training for journalists […]
AfCFTA Uptake Low As 66% Nigerian Exporters Earn Below $50,000-Report
The Network of Practicing Non-Oil Exporters of Nigeria (NPNEN) has revealed that utilisation of the African Continental Free Trade Area (AfCFTA) remains significantly low among Nigerian exporters, despite the country recording N12.36trn in non-oil export performance in 2025. This was disclosed in the organizational report […]
FG Plans To Recapitalise BOI To N3trn By 2026 ………To Boost Industrial Growth With N800bn Funding, PPP Expansion, Credit Guarantees
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 […]
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 […]