- Economy
Edun to chair G-24 talks as emerging economies seek financing reforms
The Chairman of the Intergovernmental Group of Twenty-Four (G-24), Mr. Olawale Edun has called on central banks across the world to steer their economies out of energy crisis and geopolitical tensions. Edun, who is Minister of Finance and Coordinating Minister for the Economy, also urged the banks to support the poor and the vulnerable. Speaking on Tuesday during the G-24…
Read More » - Economy
NGX market capitalisation crosses N132trn mark
The Nigerian Exchange Limited (NGX) market capitalisation crossed the N132 trillion mark, buoyed by gains recorded in 40 listed stocks. The All-Share Index (ASI) gained 1,372.52 points or 0.67 per cent to close at 205,831.38 points. Also, market capitalisation rose by N883 billion to close at N132.492 trillion. On market outlook, Futureview Group stated that “the market is expected to…
Read More » - Business
Court in France convicts Lafarge Cement of paying $6.5m to ISIS
A court in Paris has found Lafarge, the French cement giant, guilty of paying $6.5 million to jihadist groups, including the Islamic State (IS) and the al Qaeda-affiliated Nusra Front. It is the first time a company has been tried in France for financing terrorism. The inquiry against Lafarge has been running since 2017. Bruno Lafont, Lafarge’s former CEO, was…
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Nigeria, Morocco to sign $25bn gas pipeline agreement, create joint venture to lead execution
Morocco’s national office of hydrocarbons and mines has said an intergovernmental agreement on the planned $25 billion Nigeria-Morocco gas pipeline will be signed this year, marking a significant step forward for one of Africa’s most ambitious energy infrastructure projects. Amina Benkhadra, head of ONHYM, told Reuters on Monday that following the signing, a pipeline authority consisting of ministerial representatives from…
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Equities market appreciates by N1.36trn amid Nigeria’s FTSE frontier market reclassification
The equities market section of the Nigerian Exchange Limited (NGX) closed last week on a positive note once again, gaining N1.36 trillion as FTSE Russell confirmed Nigeria’s reclassification from unclassified back to Frontier Market status in its interim review. The gains in a few key stocks lifted market capitalisation by N1.36 trillion or 1.05per cent to close the week at…
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Access Bank retains position as Nigeria’s most valuable brand
Access Bank Plc has been named Nigeria’s Most valuable Brand for the fifth consecutive year by Brand Finance, reinforcing its leadership position in the country’s financial services sector. Brand Finance announced this in its Nigeria 25 2026 report, which ranks the country’s strongest brands based on brand value, brand strength, and underlying business performance. According to the report, Access Bank’s…
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Mining sector records N686.96bn VAT contribution in 2025, says NBS
The National Bureau of Statistics (NBS) has disclosed that Nigeria’s mining and quarrying sector remitted a total of N686.96 billion in Value Added Tax (VAT) in 2025. The figure represents a notable increase from the N556.19 billion recorded in 2024, reflecting improved tax compliance and revenue mobilisation within the sector. The latest data highlights growing fiscal contributions from a sector…
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Fitch projects drop in Nigeria’s foreign reserves to $47bn in 2026
Fitch Ratings has projected that Nigeria’s foreign exchange reserves will decline to $47 billion by the end of 2026, despite ongoing reforms aimed at stabilising the economy. The rating agency in a report affirmed Nigeria’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. Fitch said the rating reflects Nigeria’s large economy, liquid domestic debt market,…
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Dangote Refinery targets $5bn Africa IPO record
Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with analysts valuing the company between $40 billion and $50 billion, making it…
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FG pushes for global support amid inflation pressures
The Minister of Finance, Wale Edun, is ramping up the push for global support as Nigeria navigates the dual impact of rising oil revenues and mounting inflation pressures triggered by the ongoing Middle East conflict. In a media brief released ahead of the IMF/World Bank Spring Meetings 2026 in Washington DC, Edun outlined three core policy messages that will shape…
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