Economy
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Nigeria unfazed by Trump’s tariffs, trade policies — Tinubu
By Kunle Sanni – President Bola Tinubu on Tuesday said Nigeria remains resilient and unshaken by the trade policy direction of U.S. President Donald Trump, including tariffs imposed on Nigerian exports. Speaking at the Presidential Villa in Abuja while receiving members of The Buhari Organisation, led by former Nasarawa State Governor Tanko Al-Makura, Tinubu said his administration’s fiscal reforms and…
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Equities market drops by N623bn on profit-taking in Lafarge Africa, 47others
The Nigerian stock market on Tuesday sustained bearish trend by N623 billion loss, driven by selloffs in Lafarge Africa Plc and 47 others. The All Share Index (ASI) lost by 0.70 per cent to close at 138,737.64 points. Also, market capitalisation shed N623 billion to close at N87.784 trillion. The downturn was impacted by losses recorded in medium and large…
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NNPCL appoints new corporate communications, relations chiefs
The Nigerian National Oil Corporation Limited (NNPCL) on Tuesday announced the appointment of two seasoned executives, Mr. Andy Odeh and Mrs. Morenike Adewunmi, to key leadership positions. Mr. Odeh assumes the role of Chief Corporate Communications Officer, while Mrs. Adewunmi has been appointed Chief Relations Officer. Odeh brings over three decades of extensive experience in communications and business administration across…
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Average retail price for refilling a 5kg Cylinder of cooking gas drops by 0.96% in July, says NBS
The National Breau of Statistic (NBS) on Tuesday disclosed that the average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) decreased by 0.96per cent on a month-on-month basis from N8,323.95 recorded in June 2025 to N8,243.79 in July 2025. According to NBS lastest report, the decline is a a year-on-year basis, this increased by 37.98per…
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NGX sanctions Regency Alliance Insurance, 2 other insurance firms for missing audits
The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Regency Alliance Insurance Plc International Energy Insurance Plc, and Universal Insurance Plc for failing to file their audited financial statements for the year ended December 31, 2024. The suspension, effective September 1, 2025. As gathered by WESTERNPOST, NGX has imposed a N7.8 million saciton on Regency Alliance Insurance, …
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BREAKING: Shareholders to decide Unity Bank, Providus Bank merger this month
Unity Bank Plc has called a Court-Ordered Meeting for this month to seek shareholder approval for a scheme of merger with Providus Bank Limited. The meeting follows an Order of the Federal High Court, Lagos Judicial Division, issued on July 17, 2025 by Hon. Justice D. I. Dipeolu under Section 711 of the Companies and Allied Matters Act (CAMA) 2020,…
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TotalEnergies, Sapetro secure offshore blocks in milestone pact with NNPC
The Nigerian National Petroleum Company (NNPC) Ltd has signed a Production Sharing Contract (PSC) with the TotalEnergies–Sapetro Consortium for Petroleum Prospecting Licences (PPLs) 2000 and 2001, in what is being described as a groundbreaking development for Nigeria’s oil and gas industry. The agreement, signed on Monday at the headquarters of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, marks…
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Equities market depreciates by N362bn to start September on profit-taking note
The equities market on Monday lost N362 billion to start September trading on a negative note, following share price depreciation in Lafarge Africa Plc and 32 others. The Nigerian Exchange Limited All-Share Index (NGX ASI) dropped by 573.31 points, or 0.41 per cent to close at 139,722.19 points. Also, market capitalisation depreciated by N362 billion to close at N88.407 trillion.…
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Amid CBN approval, Union Bank completes merger with Titan Trust Bank
Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). In a statement on Sunday, the lender revealed that the process began with the signing of a Share Sale Agreement in 2021. Under the terms of the merger, Union Bank has fully absorbed…
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Maiha visits Ivorian dairy farm, calls for regional collaboration on milk production
Nigeria’s Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, has called for greater collaboration and investment in modern dairy production systems to boost self-sufficiency in West Africa. The minister, who was in Abidjan for the handover ceremony of the outgoing President of the African Development Bank, over the weekend, visited the DJERA Production SARL, a modern dairy farm located about…
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