Economy
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NGX Group seeks Brazil Stock Exchange experience in instituting world class regulation, others
The NGX Group said it aimed to collaborate with the Brazil Stock Exchange in establishing a vibrant online trading system, instituting world class regulation and driving growth in listing of companies. This was stated by Chairman NGX Group, Alh (Dr) Umaru Kwairanga in his opening remarks when the team from the Exchange, Securities & Exchange Commission (SEC), among others visited…
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Equities market appreciates by N26trn in eight months
The equities market section of the Nigerian Exchange Limited (NGX) appreciated by N26 trillion in eight months of 2025, amid global and domestic macroeconomy challenges. As gathered by WESTERNPOST, the market capitalisation closed August 29, 2025 at N88.769 trillion, about N26 trillion or 41.43 per cent increase over N62.763 trillion it closed for trading in 2024. Consequently, NGX All-Share Index…
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PHOTO NEWS: Outgoing country director at AFD, others visit Senator Bagudu
The outgoing Country Director of Agence Française De Dévelopement (AFD), Mr. Xavier Muron, paid a courtesy visit to the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, to introduce the incoming AFD Country Director for Nigeria, Mr. Anprou Jacky, at the minister’s office in Abuja on Friday
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PHOTO NEWS: Senator Bagudu receives Deputy Governor of Bayelsa state
The Deputy Governor of Bayelsa State, Mr Lawrence Oborawharievwo Ewhrudjako, was the guest of the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, in Abuja on Friday
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FG pledges to harness economic potential of Nigeria’s geo-heritage sites
By Kunle Sanni – Vice President Kashim Shettima has reaffirmed the Federal Government’s commitment to unlocking the socio-economic potential of Nigeria’s geo-heritage sites through collaboration with stakeholders, including state governments. He gave the assurance on Thursday at the Presidential Villa, Abuja, while receiving a delegation from the UNESCO International Geoscience and Geoparks Programme (IGGP) Nigeria National Committee, led by Chairman…
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Heirs Energies CEO hails unprecedented recovery in Nigeria’s oil sector
The Chief Executive Officer of Nigerian integrated energy company, Heirs Energies Limited, Osayande Igiehon, has said that the nation’s oil industry is witnessing a level of recovery and stability not experienced in decades. Speaking at a media parley on Thursday, Igiehon recalled that in December 2021, his company, which operates Oil Mining Lease (OML) 17, could only deliver about three…
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Excess Crude Account balance stands at $535,823, says AGF
By Kunle Sanni – Nigeria’s Excess Crude Account (ECA) currently holds $535,823.39, the Accountant General of the Federation, Shamseldeen Ogunjimi, has disclosed. Ogunjimi made this known on Thursday while briefing State House correspondents after the National Economic Council (NEC) meeting presided over by Vice President Kashim Shettima. He explained that during the council meeting, the Minister of Finance and Coordinating…
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Relief as China donates $1m to Nigeria’s flood victims
….Bagudu hails growing trade between countries The Federal Government’s efforts to bring succour to flood victims in the northern parts of the country received a boost on Wednesday as the Chinese government donated $1 million to the relief fund. Signing the exchange notes on the financial support with the Chinese Ambassador, Mr Yu Dunhai, in Abuja, the Minister of Budget…
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Lagos, others accounted for 70% of N216bn air transport GDP in 2023, says NBS
The National Bureau of Statistics (NBS) has disclosed that Lagos, others air transport sector contributed N216 billion to the country’s gross domestic product (GDP) in 2023. In the latest data on state GDP on aviation, the bureau said just three states, the federal capital territory (FCT) Abuja, Lagos, and Rivers, accounted for more than 70 per cent of the sector’s…
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Tinubu pledges tech-driven growth, food security at meeting with Nigerians in Brazil
By Kunle Sanni – President Bola Tinubu has reaffirmed his administration’s commitment to accelerating Nigeria’s development through technology and food security, drawing lessons from emerging economies such as Brazil. Speaking on Tuesday during an interactive session with Nigerians living in Brazil, Tinubu said his government is determined to push reforms aimed at transforming the economy and fostering inclusive growth. “We…
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