By Seun Ibiyemi The Nigerian Exchange Ltd. (NGX) closed the week on a positive note as the All-Share Index (ASI) rose by 1.39 per cent to 201,156.86 points, while market capitalisation increased to N129.126 trillion from N127.361 trillion the previous week. Despite only three trading sessions following public holidays for the Eid-el-Fitr celebration, investors recorded…
By Seun Ibiyemi President Bola Ahmed Tinubu has reaffirmed the deep-rooted ties between Nigeria and the United Kingdom, stating that both nations share more than just a historical relationship but a common vision for progress, resilience, and partnership. Tinubu made the remarks during a state banquet held in his honour at Windsor Castle, where he…
…Urges tighter security at Quay Aprons By Seun Ibiyemi The Maritime Workers’ Union of Nigeria has raised concerns over increasing cases of theft at quay aprons in seaports across Lagos, warning that the trend poses a threat to maritime operations and safety. President-General of MWUN, Francis Bunu, expressed alarm following a recent incident involving the…
The Economic and Financial Crimes Commission has handed over ₦3,936,145,822 in recovered funds to the Nigerian National Petroleum Company Limited, marking a major step in efforts to clean up Nigeria’s oil sector and recover diverted public assets. The handover ceremony took place on Wednesday at the EFCC headquarters in Abuja, underscoring intensified collaboration between anti-corruption…
By Seun Ibiyemi The Major Energy Marketers Association of Nigeria (MEMAN) has explained why petrol prices in Nigeria tend to rise quickly but decline more slowly, citing cost recovery pressures, inventory dynamics and global market volatility as key factors. Speaking during a MEMAN webinar on Tuesday, the association’s Chairman, Hubb Stokman, said the trend reflects…
By Adeyemi David Vice-President Kashim Shettima has vowed that perpetrators of the recent bomb attacks in Maiduguri will be decisively confronted, reaffirming the Federal Government’s commitment to ending terrorism. Shettima made the declaration on Wednesday during a visit to victims receiving treatment at the University of Maiduguri Teaching Hospital following the deadly explosions that rocked…
…as Dangote Refinery reshapes oil trade By Seun Ibiyemi Nigeria’s crude oil exports declined by 14.41 per cent to $31.54bn in 2025, down from $36.85bn recorded in 2024, as the operations of the Dangote Petroleum Refinery significantly altered the country’s oil trade dynamics. This was revealed in the Balance of Payments report released by the…
By Seun Ibiyemi Mastercard has announced plans to acquire stablecoin infrastructure firm BVNK in a deal valued at up to $1.8 billion, marking a major step in its expansion into blockchain-based payments. The transaction, which includes up to $300 million in contingent payments, is expected to close before the end of 2026, subject to regulatory…
By Seun Ibiyemi Nigeria’s capital market is gaining renewed global investor attention, thanks to improved economic policies, ongoing reforms, and strong market performance, according to Temi Popoola, Group Chief Executive Officer of the Nigerian Exchange Group (NGX). Popoola made the comments on Tuesday during a live interview on BBC Newsday in London, coinciding with President…
By Seun Ibiyemi The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the worsening state of its members’ businesses, following a sharp increase in petrol pump prices driven by escalating tensions in the Middle East. Marketers say the rising cost of Premium Motor Spirit (PMS) has significantly increased their operating expenses, while…
