United States President Donald Trump has asked the Defence Department to prepare for possible "fast" military action in Nigeria if President Bola Tinubu’s government fails to crack down on the killing of Christians. He also threatened to immediately stop all aid and assistance to Nigeria. He made the threats in a post he shared late …
Reaching a 55.88 per cent year-to-date return at the close of trading on Friday, October 31, total stock market capitalisation rose to N97.83 trillion, leaving investors with a N7.25 trillion gain in one month on the Nigerian Exchange Limited (NGX). This is one of the largest single-month gains in recent times that the stock market …
The naira appreciated against the United States (US) dollar, closing at ₦1,427.5/$1, as Nigeria’s gross external reserves climbed to $43.17 billion at the end of the month. A review of market data from the Central Bank of Nigeria (CBN) shows that the naira closed at ₦1,427.5/$1 on Friday, October 31, from ₦1,478/$1 when it opened …
A recent accident at the Kara Bridge along the Lagos-Ibadan Expressway, immediately after descending from the Ojodu Berger bus stop when leaving Lagos State, left many road users stranded on Thursday, October 30, as the gridlock persisted for a second day. The incident reportedly happened on Wednesday night, when some trucks, including a fuel tanker, …
The tax credit to Oando Plc rose by 303 per cent to ₦181.85 billion in the third quarter of the year amid the company’s poor financial performance over the past years. A review of its financial statement for the nine months ended September 30, 2025, released on Thursday, October 30, revealed that the tax credit …
First Bank of Nigeria Limited said it has successfully redeemed its $350 million Eurobond, reaffirming its liquidity and financial stability. The parent company, First HoldCo Plc, disclosed this in a statement on Wednesday, October 29. It noted that the Eurobond, issued in October 2020, matured on October 27, 2025. It also noted that the Eurobond …
VFD Group Plc has posted a 61.4 per cent growth in profit before tax to ₦7.99 billion in the nine months of the year from ₦4.95 billion in the same period of the previous year. It reported this in its interim financial statements for the period ended September 30, 2025, released on Wednesday, October 29. …
Dangote Cement Plc reported a 23.2 per cent increase in revenue to approximately ₦3.16 trillion for the nine months of the year despite recording a steep decline in volume of sales. The cement giant reported this in its unaudited results for the nine months ended September 30, 2025. A review of the results shows that …
Lagos and four other highest-debtor states account for 50.32 per cent of the total subnational debt in 2024. The four other states are Kaduna, Edo, Ogun, and Bauchi, a review of the report released by BudgIT on Tuesday, October 28 has shown. According to BudgIT, a Nigeria’s leading civic-tech organisation promoting fiscal transparency and accountability, …
Anambra has emerged as the best-performing state in the federation, surpassing Lagos and 33 other states, according to BudgIT’s 2025 fiscal performance ranking. The ranking is contained in BudgIT’s 2025 edition of the State of States Report, released on Tuesday, October 28. The flagship report, themed, 'A Decade of Subnational Fiscal Analysis: Growth, Decline and …
