Economy/Business

Economy/Business

Tinubu’s New Year message pledges economic rebirth

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Nigeria enters 2026 poised for a robust phase of economic expansion, building on a strong 2025 characterized by GDP growth exceeding 4%, inflation falling below 15%, and a bullish stock market. Key reforms have driven tangible gains, including exchange rate stability, a $45.4 billion foreign reserve buffer, and a significant rebound in foreign direct investment, signaling renewed global confidence. The administration’s focus is now on consolidating these gains to ensure inclusive growth, with a commitment to further reduce

Economy/Business

2026: Analyst urges fiscal discipline to sustain stock market gains

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Following a year of exceptional 50%+ returns, Nigeria’s stock market enters 2026 from a position of strength, fueled by structural reforms and improving fundamentals. However, analysts warn that sustained gains are not automatic and hinge critically on continued fiscal discipline and prudent monetary management to control inflation, especially amid election-cycle spending pressures. Investors are cautioned that the market’s prolonged boom is cyclical and must be met with strategic diversification into bonds and other instruments to hedge against an inevitable correction. The core insight is that

Economy/Business

YPP demands forensic audit of NNPCL over alleged $40bn

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The Young Progressives Party has issued a critical multi-point demand for national accountability, centering on an urgent forensic audit of the NNPC over an alleged $40 billion shortfall—a sum comparable to Nigeria’s foreign reserves. It simultaneously calls for resolving tax law discrepancies and advocates for a sustained, uncompromising military and financial crackdown on terrorism, rejecting any negotiations. The party warns against the political weaponization of anti-corruption agencies ahead of the 2027 elections, framing citizen mobilization as essential

Economy/Business

Naira ends 2025 higher at official market

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The Nigerian Naira concluded 2025 on a positive trajectory, appreciating to N1,435.75 against the US dollar due to improved market liquidity and seasonal inflows. This year-end strength, attributed to heightened confidence and festive-period stability, provides a cautiously optimistic foundation for the currency’s performance entering 2026.

Economy/Business

Stock market closes year with N533bn gain

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The Nigerian equities market concluded 2025 with robust momentum, adding N533 billion in a single day and closing the year with an impressive 51.19% year-to-date return. This final surge was driven by strong performances from a broad base of 47 advancing stocks, notably in industrial and manufacturing sectors like Aluminium Extrusion Industries. The market’s positive breadth and substantial daily gain underscore a year of significant wealth creation for investors, despite isolated losses in pharmaceutical and consumer goods sectors.

Economy/Business

2026 budget: Can it bridge Nigeria's wealth gap?

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President Tinubu’s 2026 budget, a N58.18 trillion “Budget of Consolidation,” prioritizes fiscal discipline and deepening existing reforms over new experiments, aiming to transition Nigeria from stabilization to sustainable growth. It strategically allocates significant capital expenditure to infrastructure, defense, education, and health to build economic resilience and address social stability amidst global uncertainties. However, with a substantial deficit and heavy debt servicing costs, the critical test will be its execution in tangibly bridging the nation’s wealth gap and

Economy/Business

QShelter, M.I. Okoro partner on 'Renewed Hope Housing' marketing

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A strategic partnership between QShelter Ltd. and M.I. Okoro and Associates aims to accelerate Nigeria’s “Renewed Hope” housing initiative by expanding marketing and access to affordable homes across key regions. The program’s potential is underscored by its provision of long-term, single-digit mortgage financing, hailed as the most significant federal housing intervention to date. For sustained success, critical enablers like direct land allocation, essential infrastructure, and integrated solar power are identified as non-negotiable to keep

Economy/Business

NECA faults ban on sachet alcohol 

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NECA, a leading Nigerian employers’ association, strongly opposes the government’s ban on sachet alcohol, arguing it is a counterproductive measure that will trigger significant job losses, cripple investments, and fuel illicit smuggling due to porous borders. Instead of a blanket ban, they advocate for strengthening social institutions and regulatory frameworks while engaging stakeholders to find balanced solutions. The association warns that the policy will strain security and labor agencies, ultimately harming the broader economy. While acknowledging recent macroeconomic gains from government reforms,

Economy/Business

Stock market transacts 4.68bn shares worth N38.86bn

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The Nigerian equities market demonstrated robust momentum, adding N411 billion in value as market capitalization neared N99 trillion, driven by a significant 219% surge in trading volume. This explosive activity was heavily concentrated in Cornerstone Insurance, which alone accounted for over 78% of the day’s volume, indicating a major, singular transaction. Despite fewer overall deals, the market breadth remained positive with nearly twice as many gainers as losers, led by blue-chips like Julius Berger. The session solidified a

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