Category: Business
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GLOBAL OIL TENSIONS: WEST AFRICA’S FUEL MARKET HOLDS FIRM – MEMAN
Despite rising global tensions, West Africa’s fuel market is standing strong—thanks to ongoing reforms and growing local capacity. At a high-level webinar hosted by Major Energies Marketers Association of Nigeria with S&P Global, industry leaders said geopolitical risks—especially around the Middle East and Strait of Hormuz—are shaking global supply chains but the region remains resilient.…
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NSIA TEAMS UP WITH UK FIRM TO BOOST NIGERIA’S DAIRY SECTOR
Nigeria is set to revolutionize its dairy industry! The Nigeria Sovereign Investment Authority has signed a Memorandum of Understanding with UK-based Asset Green Ltd to build an integrated dairy production platform. The project, announced by British Deputy High Commissioner Jonny Baxter, will feature 20,000 hectares of climate-smart forage, a 10,000-milking cow operation, and a processing…
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COCOA CRASH: FARMERS URGE NATIONAL COCOA BOARD TO SAVE INDUSTRY
Cocoa farmers and stakeholders across Oyo, Ogun, and Kwara are sounding the alarm over a sharp 70% drop in cocoa prices—from ₦2.5 million per tonne to just ₦700,000—warning that the collapse is threatening livelihoods and investment in the sector. Speaking to NAN, Adeola Adegoke said the price crash has forced new farmers and investors to…
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LCCI WARNS AGAINST COMPLACENCY AS INFLATION EASES SLIGHTLY
Marginal drop in inflation not a reason to relax, experts caution. The Lagos Chamber of Commerce and Industry (LCCI) has urged vigilance despite Nigeria’s inflation easing slightly from 15.10% in January to 15.06% in February. Director-General Dr Chinyere Almona warned that rising month-on-month inflation of 2.01% shows that price pressures remain strong. She highlighted food…
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N1BN FUND LAUNCHED TO BOOST WOMEN ENTREPRENEURS IN NIGERIA
Empowering women, growing businesses, transforming the economy. The Bank of Industry (BoI) and MTN Nigeria Foundation have unveiled a N1 billion Y’ellopreneur 3.0 Matching Fund to support women-led businesses nationwide. The initiative provides loans up to N5 million, equipment financing, and structured training to scale small enterprises to industrial levels. BoI’s Dr Olasupo Olusi said…
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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…
