Economy/Business

Economy/Business

Nestlé, Guinness, others lift stock market by N331bn

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The Nigerian stock market sustained a strong bullish rally, marking its fourth consecutive day of gains and delivering a N331 billion increase in market capitalization, driven by significant investor interest in key stocks like Nestlé Nigeria and Guinness Nigeria. Despite the overall positive market breadth with 35 gainers, the session saw a notable decline in trading activity, with volume and value dropping sharply compared to previous levels. This divergence suggests that while specific high-value stocks are fueling index growth, broader market participation is currently cooling, indicating

Economy/Business

IMPI credits Tinubu’s monetary, fiscal policies for inflation moderation

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A Nigerian policy institute credits the current administration’s coordinated reforms for driving a sustained decline in inflation, now projected to fall to approximately 14% by year-end. This positive trend is substantiated by key indicators, including eight consecutive months of easing consumer prices and a rising Purchasing Managers’ Index signaling increased productivity. Continued disinflation into 2026 is anticipated, contingent on maintaining policy consistency and implementing planned agricultural interventions, such as a major tractor deployment initiative to boost food production and further alleviate price pressures

Economy/Business

Globally competitive businesses key to FG’s $1trn economy — Experts

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To achieve Nigeria’s trillion-dollar economic ambition by 2030, business leaders must transcend traditional models by building globally competitive enterprises through strategic collaboration, disciplined financial governance, and empowered leadership. Key insights reveal that sustainable growth requires more than revenue; it demands robust operational systems, ethical financial separation, and funding strategies aligned with long-term goals. A critical shift is needed from founder-centric operations to strategic leadership that develops talent and manages risk, ensuring resilience. Ultimately, the core value proposition is the creation of transformational businesses

Economy/Business

Tinubu writes Senate, to present 2026 budget Friday

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President Bola Tinubu will formally present Nigeria’s 2026 fiscal plan to the National Assembly, initiating the critical legislative review process for the nation’s annual budget. This procedural milestone underscores the government’s commitment to its established financial calendar and sets the stage for parliamentary scrutiny and approval of national spending priorities. The core takeaway is the advancement of Nigeria’s budgetary timeline, signaling ongoing governmental operations and fiscal planning for the coming year.

Economy/Business

FG rallies professional groups to curb quackery in mining

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The Nigerian government is strategically leveraging the Council of Mining Engineers and Geosciences (COMEG) as a key institutional partner to eradicate quackery and formalize the solid minerals sector, which is central to national economic diversification. By enforcing strict professional standards, integrating with digital mining systems, and mandating geo-entrepreneurship training, COMEG is critical for boosting investor confidence and ensuring Nigeria’s mineral resources are developed sustainably and competitively. This partnership underscores a holistic agenda where professional integrity, technological

Economy/Business

23 ships laden with petroleum products, food items expected at Lagos Ports

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A significant influx of 23 ships carrying essential petroleum, food, and goods is scheduled to arrive at Lagos ports over the next week, signaling a critical boost to national supply chains. This planned arrival, alongside ships already waiting and actively discharging, indicates a concerted effort to address key commodity shortages, particularly in fuel and staple foods. The data reveals a strategic focus on both immediate consumables and agricultural inputs like fertilizer and soya beans, which are vital for long-term food security. This concentrated maritime activity underscores

Economy/Business

Tinubu reconstitutes NERC board, tasks members on power sector reform

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President Bola Tinubu has reconstituted the NERC board, appointing seasoned insider Dr. Musiliu Oseni as Chairman and emphasizing strict adherence to the 2023 Electricity Act to drive sector reforms. The board combines institutional continuity, with several members serving second terms, with new expertise, notably energy economist Dr. Fouad Animashaun. This strategic blend aims to consolidate ongoing power sector reforms under a mandate of regulatory stability and deepened implementation.

Economy/Business

Shettima charges NDPHC to align with Nigeria’s energy development goals

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Nigeria’s Niger Delta Power Holding Company (NDPHC) is at a critical inflection point, mandated by its board to transform from an interventionist body into a commercially-driven, performance-focused enterprise. This strategic pivot is enabled by the landmark Electricity Act 2023, which provides the legal and commercial framework for NDPHC to compete and partner effectively within a newly liberalized energy market. The company’s core mission is to maximize value from existing national power assets while rigorously aligning its operations with Nigeria’s

Economy/Business

FG inspects sugar projects across Nigeria for better reforms

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The Nigerian government is conducting high-level inspections to accelerate its national sugar self-sufficiency agenda, prioritizing the rapid transition from investment to full-scale production under the Backward Integration Programme. A key finding from the Lafiagi Sugar Company visit is a critical bottleneck: sugarcane cultivation must urgently scale to match existing large-scale factory capacity. The administration’s strategy hinges on enforcing decisive action from operators and fostering partnerships with investors and communities to achieve foreign exchange savings, job creation, and industrial growth.

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