Category: Business
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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…
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PLATEAU, BOI LAUNCH N4BN FUND TO BOOST SMALL BUSINESSES
Plateau State and the Bank of Industry (BOI) have teamed up to inject N4 billion into Micro, Small and Medium Enterprises (MSMEs), a move aimed at stimulating businesses, creating jobs, and strengthening the state’s economy. The partnership was sealed through a Memorandum of Understanding signed at the Government House in Jos, with both parties contributing…
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NGX, PARTNERS RALLY FOR GENDER EQUALITY IN ECONOMY
Nigeria’s financial market leaders are pushing for stronger gender inclusion, urging greater participation of women in leadership, investment, and economic decision-making. The call came during the 2026 “Ring the Bell for Gender Equality” ceremony at the Nigerian Exchange Group (NGX) Closing Gong event in Lagos. The initiative—organised with the Central Securities Clearing System (CSCS) and…
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TINUBU VOWS TO DEFEAT TERRORISTS, BOOST ECONOMY
Abuja – President Bola Tinubu on Monday assured Nigerians that the country will defeat terrorists and protect its unity and sovereignty. Speaking at an interfaith breaking of fast at the Presidential Villa, Tinubu praised religious and traditional leaders for promoting peace and moral guidance. “Yes, terrorists are desperate, but Nigeria will never surrender. We are…
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IRAN-US-ISRAEL STRIKE SPARKS REGIONAL WAR, GLOBAL OIL SHOCKS
The assassination of Iran’s Supreme Leader Ali Khamenei on Feb. 28, 2026, allegedly by the United States and Israel, has ignited a full-blown regional conflict with global economic ripples. What began as a targeted strike has escalated into waves of Iranian missile and drone attacks on Israel and U.S. bases across the Gulf, while Tehran…
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WOMEN MINERS DEMAND MORE TRAINING, SUPPORT IN NIGERIA’S MINING SECTOR
Women working in Nigeria’s mining industry are calling for greater access to technical training and professional development to help them grow and take on bigger roles in the sector. The call was made by the Women in Mining in Nigeria (WIMIN) through its National President, Dr Janet Adeyemi, in a message marking International Women’s Day…
