Economy/Business

Economy/Business

CIS, ASHON hail FG as capital market hits ₦100trn

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Nigeria’s capital market has reached a historic milestone, surpassing ₦100 trillion in market capitalization, which industry leaders attribute directly to effective federal reforms and a supportive regulatory environment. This achievement signals robust investor confidence, deep market resilience, and the market’s enhanced capacity to mobilize essential long-term development funds. Key professional bodies credit sound governance and regulatory stability for attracting investment and are committed to further deepening market liquidity, transparency, and product diversity. Ultimately, this growth underscores the capital market’s critical role as a

Economy/Business

Radda lauds Tinubu group for empowering 1,040 traders in Katsina

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A political support group in Katsina State has distributed business grants of N30,000 each to 1,040 small-scale traders, a move explicitly framed as aligning with both national and state-level economic agendas. The initiative is strategically positioned to bolster local entrepreneurship, reduce unemployment, and complement government poverty reduction efforts. A key insight is the program’s structured, zone-by-zone implementation, ensuring broad geographic reach and a balanced inclusion of women and young men. This action underscores a model where political organizations directly

Economy/Business

Champion Breweries secures SEC approval for ₦42bn public offer

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Champion Breweries is executing a strategic two-phase capital raise, now launching a ₦42 billion public share offer to acquire the Bullet brand portfolio and fund pan-African expansion. This move aims to merge its established brewing heritage with Bullet’s ready-to-drink platform, creating a diversified beverage group poised for accelerated growth. The strategy is designed to efficiently scale the business and generate foreign exchange earnings without the burden of heavy upfront capital investment. This offer represents a pivotal growth investment, inviting shareholders to

Economy/Business

WEF 2026: FG unveils Nigeria House in Davos to spotlight economic reforms

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Nigeria is strategically launching its first official “Nigeria House” at the 2026 World Economic Forum to directly shape its global economic narrative and attract investment. This sovereign platform will showcase comprehensive reforms across key sectors—including solid minerals, digital trade, and energy—while integrating critical discussions on investment security and legislation. Structured as a public-private partnership, the initiative aims to transition Nigeria’s international profile from a passive participant to a reform-driven investment destination. Ultimately, this move represents a calculated step in economic

Economy/Business

Stock market adds N953bn as bulls extend rally

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The Nigerian stock market demonstrated robust bullish momentum, adding N953 billion in a single session as broad-based buying drove the All-Share Index up 0.93%. Investor confidence, fueled by strong performances in key equities like Industrial and Medical Gases and FTN Cocoa Processors, indicates sustained optimism toward corporate earnings. The positive market breadth, with 48 gainers against 28 losers, underscores a healthy, sector-wide rally rather than isolated spikes. This activity reflects a strategic shift toward renewed bargain

Economy/Business

24 ships discharging petroleum products, others in Lagos

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This report signals robust import activity and supply chain resilience in Lagos, with 24 ships currently offloading critical commodities like petroleum, food, and raw materials. The imminent arrival of 42 additional vessels within days underscores sustained demand and proactive logistics planning to meet national needs. The diversity of cargo—from essential fuels to agricultural goods—highlights Lagos ports’ pivotal role in stabilizing Nigeria’s economy and securing key supply lines. This concentrated influx presents both an opportunity for economic stimulus and a test for port efficiency and

Economy/Business

Yuan strengthens 7.0128 against dollar

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The Chinese Yuan strengthened to a central parity rate of 7.0128 against the US dollar, signaling a controlled appreciation within China’s managed float system. This daily fixing, determined by a weighted average of market-maker quotes, allows for a 2% trading band, reflecting both market forces and strategic oversight. The movement highlights ongoing adjustments in the critical USD/CNY exchange rate, a key indicator of financial stability and international trade dynamics between the world’s largest economies.

Economy/Business

Zulum disburses N1bn cash to SMEs in 5 LGAs

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Governor Zulum’s comprehensive intervention in Borno State demonstrates a strategic model for post-conflict economic and social recovery, moving beyond aid to sustainable investment. The N1 billion direct cash infusion into SMEs across five rural LGAs is a core tactic to stimulate grassroots entrepreneurship and self-reliance. This economic push is strategically paired with critical human capital initiatives: employing 200 youths, hiring volunteer health workers, and launching a “Second Chance School” to equip women with digital and vocational skills. The integrated approach

Economy/Business

Economist urges massive public enlightenment on new tax regime 

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A leading economist warns that Nigeria’s new, bank-centric tax regime, implemented without sufficient public clarity, risks triggering a dangerous loss of public trust and potential bank runs due to fears over transaction safety and arbitrary deductions. The critical failure lies not in the policy itself, but in the government’s inadequate communication, which has created uncertainty about specific tax brackets and rates, leaving the system open to abuse. To ensure the policy’s success and economic stability, an immediate, large-scale public enlightenment campaign is essential to explain

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