Business

The Securities and Exchange Commission (SEC) has stressed the need for Nigeria to harness its demographic dividend to advance financial inclusion through investments by 2030 for national survival or face deepening inequality. The Director-General of the SEC, Dr Emomotimi Agama, said this at the United Capital Asset Management Investment forum on Wednesday in Lagos. Agama, in his keynote address titled:…

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has called for strategic cohesion among African states amid the African Export-Import Bank’s (Afreximbank) over $40 billion capital asset expansion as of 2024. Cardoso made the call on Wednesday while delivering his remarks at the Afreximbank 2025 Annual Meetings, themed “BUILDING THE FUTURE ON DECADES OF RESILIENCE.” The ongoing…

The Pension Fund Administration (PFAs) exposure in Federal Government securities and in the domestic stock market increased to N17.22 trillion in four months of 2025. This according to data released by the National Pension Commission (PenCom). The FGN Securities, according to PenCom comprises: FGN Bonds (HTM), Nigerian Treasury Bills (NTBs), Agency Bonds (NMRC), Sukuk Bonds and Green Bonds. The latest…

The Nigeria Customs Service, Federal Operations Unit (FOU) Zone ‘C’, has foiled an attempt to illegally export a container load of dry salted donkey skins valued at N3.6 billion. According to a statement issued by the unit , the seizure was made in Owerri, Imo State, following a comprehensive physical examination of a 40-foot container suspected of carrying prohibited items.…

The Nigerian equities market on Tuesday sustained its upward trajectory, with the NGX overall capitalisation crossed N75 trillion, reflecting sustained investor confidence. The All Share Index (ASI) gained by 1,211.17 points, representing a growth of 1.02 per cent to close at 119,790.82 points. Accordingly, market capitalisation rose by N764 billion to close at N 75.576 trillion. Market breadth remained firmly…

By Adeola Ogunrinde – The Presidential Enabling Business Environment Council (PEBEC), in partnership with the Lagos State Government, has reaffirmed its commitment to creating a more conducive environment for businesses to thrive. This was emphasized during the State Action on Business Enabling Reforms (SABER) Technical Session and Town Hall Meeting held at Combo Hall, Agidingbi, Ikeja. Lagos State Commissioner for…

By Emele Onu – Wilmar International plans to boost its palm oil business in Nigeria, attracted by policies that have stabilised the naira and increased dollar availability. The company has announced a $70 million acquisition of a palm oil venture and acquired 8,500 hectares of old rubber plantations to grow palm oil crops. Nigeria has a palm oil supply gap…

Shareholders of Dangote Cement on Monday were full of praise for the Board, Management, and staff of the company after approving a dividend payout of N502.6 billion, which translates to N30 kobo per share at the 2024 Annual General Meeting, held in Lagos.In the same vein, the company also significantly increased its social investments by 469.8 per cent to N13.2…

By Kunle Sanni – The Economic and Financial Crimes Commission (EFCC) has arrested Umar Ajiya Isa, former Chief Financial Officer of the Nigerian National Petroleum Corporation (NNPC) Limited, over an alleged $7.2 billion fraud linked to the rehabilitation of the Kaduna, Warri, and Port Harcourt refineries. Ajiya, who oversaw the release of funds for the Turn Around Maintenance of the…

The equities market trading commenced on a positive note on Monday, as gains in Presco Plc and 45 others pushed the overall capitalisation up by N278 billion. The All Share Index (ASI) gained by 441.43 points or 0.37 per cent to close at 118,579.65 points. Accordingly, market capitalisation rose by N278 billion to close at N74.812 trillion. Market sentiment remained…