The Managing Director/Chief Executive Officer (CEO) of Coronation Merchant Bank, Paul Abiagam, has said there is growth potential for Africa to unlock if the governments could trust financial institutions with managing the reserves of the nations. He said this at Arise TV’s Global Business Report on Tuesday, November 16, while sharing his thoughts on other …
The Centre for the Promotion of Private Enterprise [CPPE] has pointed out that, despite the overall disinflation report, five sectors accounted for 84 per cent of October’s inflationary burden. The sectors are food and non-alcoholic beverages; transport; housing, water, electricity, gas and utilities; education; and health. In a statement on Monday by its Chief Executive …
Legal expenses incurred by Fidelity Bank Plc surged to ₦30.05 billion in the second quarter (Q2) of this year, compared with ₦701 million the bank incurred in the same period in 2024, representing a 4,187.16 per cent rise. A review of the bank's audited financial statements for the period ended June 30, 2025, released on …
Global stock markets were on course to reclaim record highs on Thursday following the end of the longest U.S. government shutdown in history, while Japan’s yen tumbled to historic lows against the euro and hit a nine-month low versus the dollar. Europe’s STOXX 600 opened stronger, with France’s CAC 40 gaining nearly 1%, pushing both …
The expiration of the African Growth and Opportunity Act (AGOA) policy has left some unanswered questions, including how the African economies can sustain the trade gains. It also raises concern about how the continent can reposition itself in a post-AGOA environment. A report released by the Bashir Adeniyi Centre for International Trade and Investment (BACITI) …
The Nigerian stock market recorded a significant decline on Tuesday as investors lost approximately ₦4.65 trillion in a single day of trading, with only four stocks on the gainers' table, a sell pressure that has persisted in recent times. The All-Share Index, which tracks the general market movement of all listed stocks, dipped by 5.01 …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2025 Licensing Round will commence on December 1, 2025, calling on investors to take advantage of opportunities in the country’s oil and gas sector made possible by the reforms of the current administration. NUPRC Chief Executive, Engineer Gbenga Komolafe, made the announcement at the …
The cost of registering a new car in Nigeria has surged sharply in 2025, with fees now ranging between ₦115,000 and ₦140,000, depending on the agent and location. This marks a steep rise from the ₦80,000–₦105,000 range recorded in 2024, reflecting escalating administrative and documentation expenses across the automotive sector. Multiple industry sources confirmed that …
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has urged the federal government to either reduce the capital gains tax (CGT) to 10 per cent or defer the implementation date. The renowned economist said this on Channels Television's Business Morning programme on Tuesday, November 11, while sharing his thoughts on what …
Nigeria's oil and gas revenue in 2024 fell significantly short of its budget target, showing a decline of 24.7 per cent against projected figures. The gross oil revenue for 2024 before deductions was $15.07 trillion against the $19.99 trillion budget target (a N4.93 trillion shortfall). This is according to data from the latest Budget Implementation Report …
