Nigeria’s non-oil exports rose by 21 per cent to $12.8 billion in the first half of 2025, data from the Federal Ministry of Industry, Trade and Investment showed. The figures were contained in the ministry’s 2025 activity review and outlook for 2026, which assessed Nigeria’s economic repositioning under President Bola Tinubu’s administration. The ministry said …
The Budget Office of the Federation (BOF) has dismissed public criticism of the repeal and re-enactment of the 2024 and 2025 Appropriation Acts. In a statement on Wednesday, BOF Director-General Tanimu Yakubu said the actions did not constitute a constitutional breach, fiscal illegality, or a denial of access to budget documents. Yakubu emphasised that while …
The Securities and Exchange Commission (SEC) has declared the operations of Voya Investment Management (VIM) fraudulent, warning that the platform is designed to deceive unsuspecting investors. In a statement issued on Wednesday, the Commission said it neither licensed nor approved the operations of Voya Investment Management. The SEC noted that the online investment platform operates …
A Lagos State Rapid Transit Bus (BRT) was gutted by fire on the Third Mainland Bridge on Tuesday afternoon, disrupting traffic around the Adekunle axis inward Iyana Oworo. The incident was confirmed by the Lagos State Traffic Management Authority (LASTMA) in a post on its official X account. “A high-capacity bus is on fire on …
First Bank of Nigeria (FirstBank) has successfully met the ₦500 billion minimum capital requirement following the completion of a series of strategic capital-raising initiatives. The First HoldCo Plc, the parent company, disclosed this in a statement issued on Monday and signed by its Group Company Secretary, Abiola Baruwa. It stated that meeting the Central Bank …
Fidelity Bank Plc said it has met the ₦500 billion capital requirement for an internationally licensed bank and is now awaiting approval from the Central Bank of Nigeria (CBN). The bank made this known in a statement on Tuesday, January 6, signed by its Company Secretary, Ezinwa Unuigboje. It hinted that following approvals from the …
The Nigerian stock market extended its bullish run on Monday, pushing total market capitalisation above the ₦100 trillion threshold. Market value rose by ₦1.87 trillion to ₦101.52 trillion, buoyed largely by the additional listing of 2.575 billion shares of First Bank on the Nigerian Exchange Limited (NGX). The All-Share Index (ASI) advanced 1.74 per cent …
NCR Nigeria Plc emerged at the forefront of a broadly bullish Nigerian stock market in 2025, as investors enjoyed one of the strongest rallies in recent years. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) delivered a robust 51.19 per cent year-to-date return, reflecting sustained buying interest across sectors. By the close of trading on …
Renowned economist and Chief Executive Officer of Economic Associates, Ayo Teriba, has said the Federal Government can generate more revenue by optimising its assets rather than selling them. He said the government could unlock value from assets such as real estate, oil and gas, and the energy sector by listing them on the capital market …
The Securities and Exchange Commission (SEC) has said it will intensify enforcement actions in 2026 following the enactment of the Investments and Securities Act (ISA) 2025 to strengthen investor protection and market integrity. The SEC Director-General, Emomotimi Agama, said in a statement on Sunday, while outlining the Commission’s regulatory priorities. He noted that the ISA …
