Caracas and Washington have reached a deal for Venezuela to export up to $2 billion worth of crude oil to the United States, U.S. President Donald Trump announced on Tuesday. The agreement aims to divert oil supplies from China while helping Venezuela avoid deeper production cuts. Trump said the deal signals Venezuela’s willingness to open …
Dangote Petroleum Refinery has debunked a report circulating in sections of the media claiming that the refinery is shutting down due to maintenance issues. In a statement released on Monday, the refinery management described the reports as “false and misleading” and accused fuel importers of deliberately sponsoring such fabrication because they felt their commercial interests …
Masazumi Wakatabe, former deputy governor of the Bank of Japan (BOJ) and a current member of a key government economic panel, has urged the central bank to anchor medium- and long-term inflation expectations around 2%. His remarks came during a panel meeting on December 25, the minutes of which were released on Tuesday. Wakatabe said …
Sales of new vehicles in the United States rose about 2% in 2025, defying a year marked by regulatory uncertainty, supply-chain disruptions, and shifting electric-vehicle incentives. Automakers sold 16.2 million cars and trucks last year, a 2.4% increase from 2024, according to research firm Omdia. Several companies reported strong December results. Toyota Motor posted an …
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 …
The Federal Government has declared Nigeria fully ready to trade under the preferential terms of the African Continental Free Trade Area (AfCFTA) Agreement. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the country has met all key requirements under the agreement. She confirmed that Nigeria has gazetted the legal instruments covering trade in …
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 …
The Nigerian Exchange Limited (NGX) has concluded its full-year 2025 market index review, with significant changes to its key stock market indices. The reshuffled indices took effect at the start of trading on Friday, January 2, 2025, according to the Exchange’s official statement. Notable additions to key indices include Guinness Nigeria Plc, Presco Plc, and …
The Securities and Exchange Commission (SEC) stated that it would focus on mobilising long-term capital to bridge Nigeria’s infrastructure gaps, streamline regulations, and promote innovative financial instruments that drive investment into productive sectors. The SEC Director General, Emomotimi Agama, said in a New Year's Message on Thursday. Specifically, he said the commission would facilitate the …
