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  Lagos, Oct. 13, 2025 – Transactions dipped in volume and value terms on the Nigerian Exchange (NGX) last week as the NGX traded 2.286 billion shares worth N90.280 billion in 138,177 deals. This was in contrast to the 8.403 billion shares valued at N115.501 billion that changed hands in 115,801 deals in the preceding week. The Financial Services Industry, measured by volume, led the activity chart last week with 1.355 billion shares valued at N24.588 billion traded in 59,553 deals. The industry contributed 59.28% and 27.23% to the total …

  Lagos, Oct. 13, 2025 – The Centre for the Promotion of Private Enterprise (CPPE), a Lagos-based private think tank, has advised the federal government to expand the size of its annual budgets. The centre gave the advice in a “Policy Brief” it issued in Lagos on Sunday and signed by its Chief Executive, Muda Yusuf. It described Nigeria’s annual budgets as relatively small in spite of its large economy and population. The CPPE said the small budget size had limited government’s fiscal capacity for transformative investments in infrastructure, human …

  Lagos, Oct. 4, 2025 – Polaris Bank working in partnership with the Nigeria Conservation Foundation (NCF), has extended its nationwide tree planting campaign to three key locations. The new locations are: The Lekki Conservation Centre in Lagos State, the Federal University of Agriculture, Abeokuta (FUNAAB), Ogun State and Sardauna College Kaduna, Kaduna State. The initiative, first launched in 2024 during the Bank’s World Environment Day commemoration, is part of Polaris Bank’s broader commitment to combating climate change, reducing carbon emissions, and promoting sustainable environmental practices across Nigeria.   The …

  Lagos, Oct. 3, 2025 – The Nigerian currency, Naira, appreciated further at the official foreign exchange market on Thursday, closing at N1,464.85 to the dollar. The exchange rate was N1,478.0000   to the dollar at the market on Wednesday. Bid rates offered by dealers at the market on Thursday ranged between N1,445 and N1,464.85  to the dollar. The currency has been appreciating steadily in the market in the last two weeks which analysts attribute largely to the country’s high external reserves and regular intervention in the market by the Central …

    Lagos, Oct.2, 2025 – Arsenio Domínguez, the Secretary-General of the International Maritime Organization (IMO), has lauded Nigeria’s remarkable achievements in maritime security. He particularly commended Nigeria’s success in recording zero piracy incidents for over three years and the groundbreaking Deep Blue Project, which he described as a model for regional cooperation in the Gulf of Guinea. Domínguez, who arrived in Nigeria on Thursday, made the remarks during a courtesy visit to the Minister of Marine and Blue Economy, Adegboyega Oyetola. He noted that Nigeria’s investment in maritime safety …

  ‎ ‎Abuja, Oct. 2, 2025 – The Democratic Front (TDF) says the morale-boosting efforts of Nigerian troops by President Bola Tinubu administration in the ongoing war against terrorism and banditry are resulting in huge success. ‎In a statement signed by its Chairman, Mallam Danjuma Muhammad, and Secretary, Chief Wale Adedayo, the group noted that this was despite negative narratives on insecurity by some opposition figures. ‎According to TDF, this was evident in the recent arrest of 147 suspected terrorists and the rescue of 39 hostages in one week. ‎It …

Awka, Oct. 2, 2025 – Gov. Chukwuma Soludo of Anambra says that President Bola Tinubu’s reforms are necessary for an economy that has long been distorted and papered over. Soludo said this during Nigeria’s 65th Independence Day anniversary in Awka. He commended Tinubu’s reforms which included removal of subsidies, harmonisation of exchange rates, redesign of fiscal and tax policies as well as other structural reforms. “These reforms, obviously, in the short term, are bound to have some disruptive effects, including some unanticipated pains and hardships. “However, they are a necessary …

Lagos, Oct. 2, 2025 – Sterling Bank has once again redefined the boundaries of customer first banking in Nigeria by scrapping Account Maintenance Fees (AMF) across all personal accounts. Just months after abolishing transfer fees on local online transactions in April 2025, the bank has dismantled yet another long-standing industry practice, cementing its role as the nation’s leading force for transparent, fair, and customer-focused banking. This decision cuts at the heart of a revenue model that has long cost Nigerian customers dearly. In 2024 alone, tier-1 banks raked in over ₦650 …

  Washington, 2, 2025 – Gold prices, considered a safe-haven asset to replace the dollar, have surged to record highs, with global central banks significantly increasing their gold purchases. Consequently, the US dollar’s share in central banks’ foreign exchange reserves has fallen to a 30-year low, while gold’s share is nearing its highest level in over two decades. On the 1st, December gold futures on the New York Mercantile Exchange closed at $3,897.5 per ounce, marking an all-time high. Spot gold prices also hit a record high of $3,895.09 per …

  Abuja, Oct. 1, 2025 – The Federal Government has successfully resolved the dispute between Dangote Petroleum Refinery and the Petroleum and Gas Senior Staff Association (PENGASSAN). Mohammed Maigari Dingyadi, the Minister of Labour and Employment, disclosed this in a statement in the early hours of Wednesday. The statement said some of the resolutions reached at the last meeting included:  “The Honourable Minister of Labour informed the meeting that unionisation is a right of workers in accordance with the laws of Nigeria, and this right should be respected. “After examining …