By Rukayat Moisemhe The Centre for the Promotion of Private Enterprises (CPPE) has projected that Nigeria’s Gross Domestic Product (GDP) could reach an estimated $450 billion by year-end, driven by ongoing economic recovery. CPPE’s Chief Executive Officer (CEO) and an economist, Dr Muda Yusuf, made this known on Sunday inContinue Reading
By Taiye Olayemi Stock market investors traded 4.847 billion shares worth N149.755 billion in 174,267 transactions on the floor of the Exchange during the week ended. This is in contrast to 3.691 billion shares valued at N112.261 billion that exchanged hands last week in 138,250 transactions. Consequently, the value ofContinue Reading
By Taiye Olayemi The equities market sustained its positive momentum throughout the week, closing with N948 billion gain. The performance was driven by sustained buying interest in stocks like UAC of Nigeria, BUA Cement, Beta Glass, Legend Internet Plc and 30 other stocks. Market capitalisation rose by N948 billion, orContinue Reading
By Emmanuella Anokam The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has urged the Federal Government to intervene in Dangote Refinery’s move to supply petroleum products directly to consumers and its effect on current distributors. NOGASA said the move by the refinery to bypass the traditional distributionContinue Reading
By Muhyideen Jimoh The Federal Executive Council (FEC) has approved N68.7 billion for key electricity projects in universities and teaching hospitals across Nigeria. Minister of Power, Adebayo Adelabu, disclosed this after Thursday’s FEC meeting, chaired by President Bola Tinubu at the State House, Abuja. He said the projects reflectContinue Reading
By Joy Akinsanya The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to introduce reforms that will support the growth and development of local industries in the country. The association made the call at the 40th Annual General Meeting of MAN, Ogun branch,Continue Reading
By Ginika Okoye Some capital experts have expressed optimism that high yield Federal Government securities and banking recapitalisation inflow will attract investment and sustain economic growth in the second half (H2) of 2025. They said this at a webinar with the theme: “Mid-Year 2025 Macroeconomic Review and Outlook for H2 2025,” organisedContinue Reading
By Muhyideen Jimoh President Bola Tinubu has approved a one-year extension for the Comptroller-General of Nigeria Customs Service (NCS), Adewale Adeniyi, whose tenure was due to expire August 31. The announcement was made in a statement issued by the Presidential Spokesperson, Mr Bayo Onanuga, on Thursday in Abuja. According toContinue Reading
By Nana Hauwa Musa The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has reaffirmed the government’s dedication to transparency and public trust. Adedokun spoke in Abuja on Wednesday while receiving a delegation from the Open Government Partnership (OGP) Global Support Unit. He stressed that trust isContinue Reading
By Rukayat Moisemhe The Manufacturers Association of Nigeria (MAN) has urged seamless implementation of the Single Inter-State Road Tax Sticker (SIRTS) and Single Haulage Fee (SHF) initiatives. MAN said the implementation would curb illegal road taxes and reduce the overall burden of multiple taxation on businesses across the country. MANContinue Reading
