The expiration of the African Growth and Opportunity Act (AGOA) policy has left some unanswered questions, including how the African economies can sustain the trade gains. It also raises concern about how the continent can reposition itself in a post-AGOA environment. A report released by the Bashir Adeniyi Centre for International Trade and Investment (BACITI) …
The Nigerian capital market will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025, to align with global best practices and enhance market efficiency. The Securities and Exchange Commission (SEC) announced this in a statement by its Head of External Relations, Efe Ebelo, on Thursday, November 13. According to …
Nigeria has slipped further in the global ranking of countries protecting their public health policies from tobacco industry influence, raising public health concerns. This is according to the 2025 Nigeria Tobacco Industry Interference (TII) Index released in Lagos on Thursday, November 13. Produced by the Corporate Accountability and Public Participation Africa (CAPPA), the report indicates …
Wema Bank emerged as the biggest traded stock by volume on Thursday, November 13, as the Nigerian stock market appreciated, with investors pocketing N1 trillion again. The market rebounded on Wednesday after more than a week of bearish momentum. The stock market saw its biggest dip on Tuesday, November 11, when approximately ₦4.65 trillion was …
The Ministry of Finance Incorporated (MOFI) real estate investment fund (MREIF) series 2 has been listed on the Nigerian Exchange Limited (NGX). The listing was commemorated with a closing gong ceremony at the NGX and in attendance was Minister of Finance and Coordinating Minister for the Economy, Wale Edun. In a statement on Tuesday, November …
Telecommunications (Telecom) companies in Nigeria grew revenue to ₦7.67 trillion in 2024, boosted by increased demand for data services, higher subscription rates, and expanded enterprise solutions. The Nigerian Communications Commission (NCC) disclosed this in its 2024 Subscribers/Network Performance Report, released on Wednesday, November 12. It shows that the telecom companies' revenue increased by 44.7 per …
Bargain-hunting in blue-chip stocks pulled the Nigerian stock market to a rebound as the All-Share Index rose by 2.88 per cent to close at 145,403.83 points on Wednesday, November 12. Similarly, the total market capitalisation of all the listed stocks climbed by 2.88 per cent to ₦92.48 trillion, leaving investors to gain ₦2.59 trillion at …
Presco Plc said it has started selling shares to exiting shareholders at N1,420 per share to raise approximately N236.67 billion in capital to expand its operations. The palm plantation and processing company announced this in a statement on Wednesday, November 12, signed by its company secretary, Frederick Ichekwai. It explained that it has opened a …
In a bid to expand its digital infrastructure and strengthen its competitiveness under the African Continental Free Trade Area (AfCFTA), the Federal Government of Nigeria has unveiled the largest fibre optic cable factory and first fibre-reinforced plastic manufacturing facility as a strategic asset for national development. The plant, built by Coleman Technical Industries Limited in …
A group of environmental rights organisations focused on advancing climate justice have raised concerns over a recent call by Nigeria's Vice President Kashim Shettima for new finance mechanisms to harness the nature economic value. In a joint statement on Tuesday, November 11, the non-governmental organisations (NGOs) described the move as an attempt to commodify the …
