On Monday this week President Bola Ahmed Tinubu departs for a two-day official visit to the Republic of Türkiye. The stated agenda—military cooperation and trade partnership—is precise. But the subtext is broader: Nigeria is recalibrating its partnerships toward countries that combine strategic geography, industrial depth, security capability, and an...
investors
President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX). President Tinubu described this record achievement as an inspiration for the investing public operating in the money and capital markets. He urged...
Federal Government has reassured investors, analysts and international partners that Nigeria remains peaceful, stable and firmly on course for economic growth, despite recent security operations carried out by the United States (US) military in parts of the country. In a statement addressing concerns over a joint Nigeria–United States security...
Nigerian equities market kicked off the week on a sour note as a wave of selloffs dragged the market into negative territory on Monday, erasing N197 billion in investor wealth in what traders described as an unexpected turnaround. The sharp drop wiped out the gains posted in the previous...
Rivers State Governor, Siminalayi Fubara, has again pitched the state as one of Nigeria’s safest and most strategic destinations for oil and gas investment, assuring industry players that his administration is committed to protecting the sector’s assets and enabling growth. Speaking at an oil and gas summit in Port...
Stock market opened the week lower on Monday, as market capitalisation fell by N1.173 trillion or 1.26 per cent. The decline was driven by profit-taking in major stocks, including Dangote Cement, Enamelware, Transcorp Power, AIICO Insurance and Guinea Insurance. Market capitalisation closed at N92.328 trillion, compared with the opening...
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has called on investors to leverage the numerous opportunities in the FCT to drive sustainable growth and development. The Minister made this call at the opening ceremony of the 2025 Abuja Business and Investment Summit held at the Bola Tinubu...
Vice President, Senator Kashim Shettima, has said Nigeria’s energy transition journey under the administration of President Bola Ahmed Tinubu is unlocking an investment opportunity of over $410 billion between now and 2060 to position the nation as the heartbeat of Africa’s renewable energy revolution. According to him, over $23...
The Vice President, Senator Kashim Shettima, has assured investors that the most auspicious and convenient time to choose Nigeria as an investment destination is now, saying the nation has exited its phase of economic instability. He attributed the milestone to the decision made by the administration of President Bola...
Nigerian diplomat, Amb. Godknows Igali, is advocating for government at all levels to establish robust mechanisms to protect critical investments from disruptive labour disputes, which threaten industrial growth and job creation, particularly in the Niger Delta region. Amb. Igali emphasized that while the rights of workers to fair wages...
Nigerian equities market ended Thursday on a high note, delivering a N190 billion windfall for investors as bullish momentum prevailed. Fueled by robust demand for stocks such as Cileasing, Guinness Nigeria, Livingtrust Mortgage Bank, Etranzact, and Regency Alliance Insurance, alongside 36 other advancing stocks, the market showcased strong performance....
Nigerian stock market experienced a 0.49 percent decline on Thursday, resulting in a N438 billion loss for investors, driven by heavy selloffs in key equities. The market capitalization, which started at N89.372 trillion, fell to N88.934 trillion, while the All-Share Index dropped by 691.52 points, or 0.49 percent, closing...
Enugu State Governor Peter Mbah has pledged substantial returns on investment (RoI) for businesses, crediting his administration’s strategic frameworks for fostering a conducive environment. Speaking at the launch of the multi-million naira Priceless Stores and Flamingo Restaurant in Enugu on Monday, Mbah underscored his commitment to making the state...
Nigeria Governors’ Forum (NGF) has launched a digital platform called NGF Investopedia to draw investors and tackle a $100 billion infrastructure funding shortfall. Unveiled in Abuja on Tuesday, the platform acts as a centralized hub for investors seeking reliable and transparent investment prospects across Nigeria’s 36 states. NGF Chairman...
Nigerian stock market wrapped up the week on a high note, with investors gaining N793 billion on Friday. Market capitalization grew by N793 billion, a 0.94 percent rise, closing at N85.055 trillion, up from N84.262 trillion the previous day. The All-Share Index (ASI) also advanced by 1,252.93 points, or...
Nigerian stock market ended the week on a bearish note, with investors recording a significant loss of N491 billion. The market capitalization declined by 0.64% to close at N75.962 trillion, down from N76.453 trillion the previous week. The All-Share Index also dropped by 776.92 points or 0.64% to 119,995.76...
By MBAFAN ADE, Abuja- Nigerian stock market witnessed a significant downturn on Tuesday, with investors losing ₦183 billion in total market value. The Nigerian Exchange Ltd. (NGX) market capitalization dropped to ₦72.497 trillion from ₦72.680 trillion. The All-Share Index fell by 348.61 points or 0.30%, closing at 114,910.16. Key...
The stock market on Wednesday closed on a negative note, as performance indices dipped by 0.10 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N70 billion, falling to N68.895 trillion from N68.965 trillion on Tuesday. The All-Share Index also declined by 111.37 points or 0.10...
Stock market investors traded 2.606 billion shares worth ₦63.785 billion in 77,593 transactions this week on the floor of the Nigerian Exchange Ltd. (NGX). This compares to 2.645 billion shares valued at ₦77.005 billion exchanged in 86,110 deals during the previous week. As a result, the total value of...
The Nigerian stock market extended its positive trend, appreciating by N307 billion amid increased buying interest. Market capitalisation rose by N307 billion or 0.45 per cent to close at N68.412 trillion, compared with N68.105 trillion on Tuesday. Similarly, the All-Share Index (ASI) also climbed by 488.73 points or 0.45...