President Bola Tinubu has asked the National Assembly to approve a fresh ₦1.15 trillion loan from the domestic debt market to finance the deficit in the 2025 budget. His request was conveyed in a letter read on the floor of the Senate during plenary on Tuesday, November 4. The proposed borrowing is intended to bridge …
Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has expressed concerns that United States President Donald Trump's threat of military action over alleged Christian genocide could have far-reaching implications for Nigeria's economy and investors' confidence. The renowned economist shared his thoughts on the matter in a statement …
The Nigerian stock market started the week on a bearish note as the All-Share Index (ASI) declined by 0.25 per cent to close at 153,739.65 amid concerns about United States President Donald Trump's threat of military action on Nigeria over alleged Christian genocide. Pinnacle Daily reported that Trump had asked the country’s Defence Department to …
The Debt Management Office (DMO) has opened subscriptions for the November 2025 edition of the Federal Government of Nigeria (FGN) Savings Bond at lower interest rates than the rates offered in October 2025. It announced this in a statement on Monday, November 3. The subscription period opens today and will be closed on Friday, November …
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 …
