Category: Business
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NIGERIAN STOCK MARKET SURGES WITH 57% RISE IN VOLUME AND N479 BILLION GAINS
The Nigerian Stock Exchange saw a bullish day on Thursday with 926.9 million shares traded, valued at N26.9 billion across 30,703 deals—a 57% increase in volume and a 12% growth in turnover compared to the previous day. Japaul Gold led trading by volume with 436 million shares, while Lafarge WAPCO topped the value chart at…
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BINTA AYO-MOGAJI, DR. AZEEZAT ABIOLA-AMUSAT AMONG 15 HONOURED AT AFRO AWARDS 2025
Nollywood legend Binta Ayo-Mogaji and Dr. Azeezat Abiola-Amusat, founder of Abiola Beauty Concept, were celebrated alongside 13 other Africans and Americans at the prestigious Afro Awards 2025 in Los Angeles. The event, powered by the Oduala Foundation, honours influential individuals for their humanitarian contributions and commitment to uplifting communities worldwide. This year’s ceremony promises an…
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NIGERIAN VET DR. SHADRACH AKPEM WINS $10,000 AT GLOBAL INNOVATE FOR IMPACT CHALLENGE
Dr. Shadrach Akpem, a veterinary doctor from Benue and founder of Vet Konect, has bagged a $10,000 award at the prestigious Global Innovate for Impact Challenge in the USA. His digital platform, Vet Konect, connects livestock farmers and pet owners with verified vets to improve animal healthcare and boost food security across Africa. The competition,…
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NIGERIA’S BROADBAND PENETRATION HITS 48.81%, STILL AIMING FOR 70% BY YEAR-END
The Nigerian Communications Commission (NCC) revealed that as of August 2025, broadband penetration in Nigeria reached about 48.81%, with urban areas enjoying 57% access, while rural areas lag behind at 23%. Speaking at the Rural Connectivity Summit in Lagos, NCC’s Executive Vice-Chairman Dr. Aminu Maida emphasized the urgent need to bridge this digital divide to…
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NIGERIAN EQUITIES MARKET EXTENDS GAINS, INVESTORS POCKET ₦963 BILLION
The Nigerian stock market continued its winning streak on Tuesday, with investors collectively gaining ₦963 billion. The market capitalisation rose to ₦96.134 trillion, while the All-Share Index inched up by 0.01%, closing at 151,456.91 points. Key stocks like SCOA Nigeria, Omatek, BUA Foods, and Vitafoam led the charge, fueling the market’s positive momentum. Despite the…
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NIGERIA LAUNCHES WORLD ATHLETICS AFRICAN RUNNING CONFERENCE TO BOOST SPORTS ECONOMY
The National Sports Commission (NSC) has kicked off the World Athletics African Running Conference in Abuja, aiming to tap into Nigeria’s vast domestic sports potential. NSC Chairman Shehu Dikko shared during the event at Abiola National Stadium that this move fits perfectly with President Bola Ahmed Tinubu’s vision of using sports as a major driver…
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ECONOMIST CALLS FOR TAXING RELIGIOUS INSTITUTIONS AND TACKLING CORRUPTION IN NIGERIA’S TAX SYSTEM
Economist Daramola Omoyele has urged the Nigerian government to include religious institutions in the new tax net, warning that excluding some of the wealthiest religious leaders undermines fairness and public trust. Speaking with NAN, Omoyele emphasized that while the Nigeria Tax Administration Act (2025) introduces reforms like a unified tax ID system and raised exemption…
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NNPC REPORTS SLIGHT DIP IN SEPTEMBER PRODUCTION AMID STRATEGIC MAINTENANCE, POSTS N216 BILLION PROFIT
The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded 1.61 million barrels per day (mbopd) of crude and condensate production in September 2025, slightly down from 1.65 mbopd in August, according to its monthly report. Natural gas output also moderated, reaching 6,284 million standard cubic feet per day (mmscf/d), compared to 6,949 mmscf/d the previous…
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UNCTAD CHIEF REBECA GRYNSPAN WARNS OF $31 TRILLION BURDEN STIFLING DEVELOPING NATIONS
The Secretary-General of United Nations Conference on Trade and Development (UNCTAD), Rebeca Grynspan, has sounded a loud alarm, revealing that a staggering $31 trillion debt burden is hampering the growth of developing countries worldwide. Speaking at the UNCTAD 195 Member States gathering in Geneva, she emphasized that this financial weight is a critical obstacle to…
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GBENGA OLAWEPO HASHIM URGES NIGERIANS TO UNITE AGAINST APC’S ECONOMIC MISMANAGEMENT
Former presidential candidate Dr. Gbenga Olawepo Hashim is calling on Nigerians to rise above ethnic and political divides to save the country from the “ruinous grip” of the All Progressives Congress (APC). In a stinging statement, he accused the ruling party of economic mismanagement, massive debt increase, and worsening poverty and insecurity. Hashim highlighted how…
