Shares of gold mining companies rose in premarket trading on Monday after bullion prices climbed to a record high of $5,100 an ounce. The surge extends a historic rally driven by safe-haven demand amid geopolitical tensions and global market volatility. Gold gained about 64 per cent in 2025, marking its strongest annual performance since 1979. …
The Nigerian stock market recorded its first weekly decline in 2026, as investors lost about N394 billion amid sustained profit-taking. The All-Share Index (ASI) fell by 0.37 per cent week-on-week to close at 165,512.18 points, reflecting weaker investor sentiment. Market capitalisation also declined by 0.37 per cent to N105.96 trillion, from N106.35 trillion in the …
Several overlooked stocks emerged as major drivers of Nigeria’s stock market in 2025, delivering unexpectedly strong performances. The forces behind their gains may shape future investment decisions and signal patterns investors should watch. Pinnacle Daily reported that the stock market delivered a robust 51.19 per cent year-to-date return and a ₦36.62 trillion gain for investors. …
World leaders and business executives at the World Economic Forum explore new trade alliances as U.S. tariffs reshape global commerce. President Donald Trump’s aggressive use of tariffs, most recently threatening European allies over Greenland before striking a NATO framework deal, has renewed efforts to expand global trade outside the U.S. sphere. At the World Economic …
Nigeria’s cashew exports to the European Union rose to 3,035 metric tonnes in 2025, a 12 per cent increase from 2,709 tonnes in 2024. The performance stood out amid uneven supply from several African producers. On a global scale, Nigeria’s cashew nut exports reached $398.135 million in the first half of 2025, up 81.15 per …
Vice President Kashim Shettima has said Nigeria now views food security as a fundamental macroeconomic, security, and governance issue, not merely an agricultural concern. He made the remarks at a high-level panel on ‘When Food Becomes Security’ during the 56th World Economic Forum (WEF) in Davos, Switzerland. According to a statement on Thursday by his …
The Federal Government has disbursed ₦152 billion to contractors with verified contracts, the Ministry of Finance announced on Thursday. The ministry said the payment followed established verification procedures designed to safeguard public funds and maintain accountability in government spending. “The process of payment for contracts goes through various verification processes in line with extant laws …
The Federal Competition and Consumer Protection Commission (FCCPC) has started enforcing regulations against digital money lenders that failed to comply with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025 (DEON Regulations). Digital lenders had until January 5, 2026, to regularise their operations. Now, the Commission has begun active enforcement. Tunji Bello, FCCPC’s Executive …
In an economy where inflation rates and exchange rate fluctuations often cause financial turbulence, the latest federal government bonds issued by the Debt Management Office have provided an opportunity for High Net Worth Individuals (HNWIs) and corporations looking to lock in a steady, tax-exempt return on their funds. The Federal Government, through the Debt Management …
BUA Cement has restated its move to increase its total production capacity to 20 million metric tonnes per annum (mtpa). This expansion is part of the company’s strategic goal to address Nigeria's infrastructure deficit and lower the cost of cement through increased domestic supply. BUA Chairman Abdul Samad Rabiu said part of the expansion plan …
