Investors at the Nigerian Exchange Limited(NGX) have reportedly lost a staggering N2.8 trillion between November 3 and November 7, 2025, causing the Nigerian stock market to plummet over the past five days. The All-Share Index, or ASI, dropped by 2.99…
Financial Breakthrough: Veritas Kapital Swings to N1.8 Billion Q3 2025 Profit, Beating Forecast by Over 100% In a spectacular reversal of fortune, Veritas Kapital Assurance Plc has reported a Profit Before Tax (PBT) of ₦1.8 billion for the third quarter…
ByDavid
The global financial community is taking a deep breath as key share indices slipped yesterday, delivering a sobering wake-up call to markets worldwide. The mood soured after a sharp downturn among major technology companies dragged the U.S. benchmarks lower, and…
Premium motor spirit prices have been lowered by Nigerian filling stations as the landing cost of petrol continues to decline below the ex-depot price of Dangote Refinery. On Wednesday, it was gathered that fuel pump prices at NIPCO, AA Rano,…
US Military Drafts Nigeria Strike Plans Following Trump’s “Mass Slaughter” Accusations The escalating diplomatic tension between the United States and Nigeria has taken a dramatic turn, with the U.S. military confirming it has developed contingency strike plans against the West…
ByDavid
Markets in Asia were jolted on Wednesday, as investors pulled back from risky valuations and technology shares took the hardest hit. Traders in Tokyo and Seoul, in particular, sold aggressively — the former’s benchmark share index fell as much as…
In the bustling halls of Lagos on Tuesday, an important moment unfolded that signalled fresh promise for two dynamic nations. At the fourth edition of the Nigerian‑Indonesian Chamber of Commerce & Industry (NICCI) Investment and Trade Forum, the Federal Republic…
FG to Invest ₦12 Billion in Digital Economy Research for AI, Connectivity, and Skills The Federal Government (FG) of Nigeria has unveiled a major initiative to bolster its position in the global digital landscape, announcing plans to invest ₦12 billion…
ByDavid
NNPC Eyes $60 Billion Investment by 2030: Driving Africa’s Energy Transformation The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced an ambitious target: attracting between $30 billion and $60 billion in fresh capital by 2030. This massive investment drive…
ByDavid
The state-owned oil behemoth, Nigerian National Petroleum Corporation (NNPC), is undergoing a significant transformation. At the helm, its Chief Executive Officer, Bayo Ojulari, recently stated that the company has ramped up efforts to enhance transparency as it marches toward the…
Nigeria Tax Reform: 50 Exemptions for Low-Income Earners and SMEs from 2026 The Presidential Fiscal Policy and Tax Reforms Committee, led by Mr. Taiwo Oyedele, has unveiled a comprehensive package of 50 tax exemptions and reliefs designed to significantly alleviate…
ByDavid
Fuel Import Duty Crisis: Analyzing the 15% Tariff and Marketers’ Price Hike Warnings The Federal Government’s decision to impose a 15% ad-valorem import duty on petrol (PMS) and diesel has ignited a fierce debate within Nigeria’s energy sector. While the…
ByDavid
Last week, President Bola Ahmed Tinubu approved the implementation of a fresh 15 % import duty on petrol (fuel) and diesel. Nigerians will be forced to bear the burden when the policy goes into full effect in the upcoming weeks…
Naira’s Strongest Month Since January: FX Recovery and $43.17B Reserve Growth The Nigerian Naira (₦) closed October 2025 at ₦1,427.5 per U.S. dollar in the official market, marking its best monthly performance since January. This strong showing represents a significant…
ByDavid
Champion Breweries 9M 2025: Analyzing 1,661% Profit Growth Despite Q3 Loss Join our WhatsApp Community Champion Breweries Plc has delivered a striking performance for the nine months ended September 30, 2025, recording a pre-tax profit of ₦3.14 billion. This figure…
ByDavid
