Category: Business
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NIGERIA STOCK MARKET HITS N687BN GAINS AS BULLISH RUN CONTINUES
Investors ride high on strong blue-chip stocks, boosting market confidence. The Nigerian stock market closed Tuesday on a high note, with investors gaining N687 billion as buying interest persisted in major equities. The All-Share Index rose 1,084.68 points (0.54%) to 202,559.57, while market capitalisation hit N130.026 trillion. Top gainers included BUA Cement (+10%), Premier Paints…
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NIGERIA’S CAPITAL MARKET GETS GLOBAL RE-RATING, SAYS NGX CEO
Investors are taking a fresh look at Nigeria’s economic potential as market reforms boost confidence. Temi Popoola, Group CEO of the Nigerian Exchange Group, said Nigeria’s capital market is experiencing a re-rating as global investors reassess returns, data, and policy clarity. Speaking on BBC Newsday in London, he highlighted strong equity performance and improved energy…
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NIGERIA ECONOMY ON STEADY GROWTH PATH, SAYS NGX CHAIR
From stabilization to major capital gains, Nigeria is attracting investor confidence. Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group, has said Nigeria’s economy is stabilized and growing steadily. Speaking at the Africa Capital Forum in London, he highlighted stock market gains, with the NGX All-Share Index up 261% and market capitalization surging 325%. Kwairanga…
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GUINEA INSURANCE LAUNCHES N5.8BN RIGHTS ISSUE TO BOOST GROWTH
Capital raise aimed at stronger operations, tech investments, and better returns. Guinea Insurance Plc has kicked off a N5.8 billion Rights Issue, offering 5.295 billion shares at N1.10 each—two new shares for every three held—to strengthen its capital base and fund expansion. Chairman Temitope Borishade said the move aligns with the company’s vision to scale…
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BENUE MOVES TO CUT FARM LOSSES WITH NEW EXPORT AGENCY BILL
Lawmakers push plan to save up to 50% of wasted produce and boost farmers’ income. A bill to establish the Benue State Post-Harvest Management and Export Agency (BESMEA) has passed second reading at the State Assembly in Makurdi, signaling a major push to tackle farm losses and improve exports. Leading the debate, McClinton Manger said…
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NGX MARKET CAP HITS N127TRN AS INVESTORS GAIN N924BN IN A WEEK
Stocks close the week on a strong note as investors rake in massive gains on the Nigerian bourse. Nigeria’s stock market ended the week on a positive note as the All-Share Index of the Nigerian Exchange Group (NGX) rose by 0.73%, pushing market capitalisation to N127.361 trillion. The benchmark index climbed to 198,407.30 points, up…
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FIRSTPOWER ASKS CUSTOMERS TO BEAR WITH POOR SUPPLY, SAYS IT’S NOT TO BLAME
Anambra electricity firm explains that low power supply is caused by national generation issues, not its operations. The Anambra-owned FirstPower Electricity Distribution Company (FpEDC) has appealed to customers to be patient amid ongoing power shortages in the state, stressing that the problem is beyond its control. FpEDC’s Head of Communications, Izunna Okafor, explained that distribution…
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BUA CEMENT EMPOWERS 1,500 RESETTLED FARMERS IN SOKOTO WITH N400M SUPPORT
Over 1,500 farmers displaced by industrial activities in Sokoto have received a major boost as BUA Cement rolls out farming inputs, training and business tools to help rebuild livelihoods. BUA Cement Company has distributed farming inputs, equipment and business support tools to 1,500 residents of resettled communities in Sokoto State, as part of its corporate…
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TRUMP TO RELEASE U.S. OIL RESERVES AS GLOBAL PRICES SURGE
U.S. President Donald Trump says the United States will release crude from its strategic petroleum reserve to help cool rapidly rising global oil prices. Speaking to Local 12 on Wednesday, Trump said the move aims to stabilise the market, adding that the reserves would be replenished later. “We’ll do that, and then we’ll fill it…
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FG WATCHING MIDDLE EAST TENSIONS, MOVES TO SHIELD NIGERIA’S ECONOMY
Nigeria’s Federal Government says it is closely monitoring the escalating geopolitical tensions in the Middle East involving the United States, Israel and Iran, while working to safeguard the country’s economic stability. The update followed a meeting of the Economic Management Team (EMT) chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale…
