The Federal Government has launched a project to include 14 million smallholder farmers in the cassava bioethanol value chain. The aim is to cut fuel import costs and strengthen Nigeria’s bioeconomy. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the project in a statement signed by the ministry’s Director of Information and …
Nigeria’s exports to Africa surged in the first half of 2025, reaching N4.82 trillion, a 14 per cent increase from N4.21 trillion in the same period of 2024. West Africa continued to dominate as the main market, absorbing over 62 per cent of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs …
Nigeria’s participation in the Pan-African Payment and Settlement System (PAPSS) recorded a sharp decline in the first half of 2025. The value of cross-border transactions processed through the platform fell by 53 per cent to N5.6 billion, according to the Central Bank of Nigeria’s (CBN) Financial Stability Report for June 30, 2025. The number of …
The Bank of Canada (BoC) is widely expected to keep its policy interest rate at 2.25% on Wednesday. Economists and money markets, however, are divided over the future path of Canada’s monetary policy amid economic uncertainty. Since December, money markets have started pricing in the possibility of a rate hike later this year after a …
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 …
