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Five Real Estate Stocks That Delivered High Returns To Investors In 2025

Shareholders of five real estate companies on the Nigerian Exchange (NGX), also known as the stock market, gained N75.25 billion between January 2, 2025, and December 31, 2025. There are seven real estate companies listed on the NGX: UPDC Plc, UPDC Real

January 15, 2026

Naira Falls Against Dollar In Black Market As Demand Increases In FX Market

Business·Top Stories

Dollar Trades At N1,420/$1, N1,484/$1 In Official, Black Markets

In the Nigerian foreign exchange market (NFEM), also known as the official window, the dollar recorded a N0.5 kobo decline, after trading at N1,420/$1 on Thursday, January 15. The foreign exchange (FX) rate for the United States currency increased from the N1,419.5

January 15, 2026

FIRS Urges Non-Domestic Oil Shipping Companies To Comply With Tax Laws In Nigeria

Business·News·Top Stories

NRS Clarifies: VAT on Banking Fees Not Newly Introduced

The Nigeria Revenue Service (NRS) has dismissed media reports suggesting that a new Value Added Tax (VAT) on banking services and electronic transfers has been introduced, describing such claims as misleading. In a press release, the NRS emphasized that VAT has long

January 15, 2026

Business·News·Top Stories

7.5% VAT Hits Mobile Transfers, USSD Payments in Nigeria Starting January 19

Nigerians sending money through mobile banking or USSD platforms will, from Monday, January 19, 2026, incur a 7.5 percent Value Added Tax (VAT) on service charges, following a directive issued by the Federal Government. The instruction affects banks and financial technology companies,

January 15, 2026

Business·Top Stories

Caverton, Ikeja Hotel Halt NGX’s Bullish Run, Market Cap Drops By N457bn

On Thursday, January 15, the market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased to N106.32 trillion, from N106.78 trillion recorded on Wednesday. This represents a N457.58 billion decline in the market capitalisation, as the all-share index

January 15, 2026

Business·Celebrity News·News·Sports

Nigeria’s football authorities have threatened legal action against telecoms company Airtel Nigeria, accusing it of unauthorised marketing linked to the Super Eagles’ Africa Cup of Nations campaign. The Nigeria Football Federation (NFF) says Airtel engaged in what it described as “ambush marketing”

January 15, 2026

Business·News·Nigeria·Oil & Gas·Top Stories

Dangote Refinery Dismisses Shutdown Claims

Dangote Petroleum Refinery has denied reports that it is shutting down for maintenance, insisting that production is continuing and that supplies of petrol remain stable. In a statement, the company described the reports as “false and misleading”, saying operations at the refinery

January 15, 2026

Business·News·Top Stories

NGX Lists 3.16bn Additional UBA Shares, Boosting Liquidity, Market Capitalisation

The Nigerian Exchange Limited (NGX) has formally admitted an additional 3.156 billion ordinary shares of United Bank for Africa (UBA) Plc to its Daily Official List, a move expected to deepen market liquidity and significantly enhance the bank’s market capitalisation, Prime Business

January 14, 2026

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Top Stories

Tantalizer Among Gainers As NGX Market Cap Surges By N598bn

Academy topped the gainers’ chart on the Nigerian Exchange (NGX) on Wednesday, January 14, and May & Baker led the losers’ table as the bourse’s market capitalisation increased by N598.40 billion. According to data provided by the NGX, also known as the

January 14, 2026

Business·Top Stories

Naira Records Mixed Fortunes In Official, Black Markets

The value of the naira appreciated marginally by 0.05 percent following a N0.75 kobo decrease in the foreign exchange (FX) rate of the United States dollar (USD) in the Nigerian foreign exchange market (NFEM), on Wednesday, January 14. In an NFEM data

January 14, 2026

Business·News·Nigeria·Top Stories

Nestoil, Neconde Reject Viral Supreme Court Reports

Nestoil Nigeria Limited and Neconde Energy Limited have dismissed media claims suggesting a Supreme Court decision had been reached in their ongoing legal dispute with a consortium of lenders. In a statement on Tuesday, the companies said reports claiming winners or losers

January 14, 2026

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Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

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Business

Five Real Estate Stocks That Delivered High Returns To Investors In 2025

Dollar Trades At N1,420/$1, N1,484/$1 In Official, Black Markets

NRS Clarifies: VAT on Banking Fees Not Newly Introduced

7.5% VAT Hits Mobile Transfers, USSD Payments in Nigeria Starting January 19

Caverton, Ikeja Hotel Halt NGX’s Bullish Run, Market Cap Drops By N457bn

Dangote Refinery Dismisses Shutdown Claims

NGX Lists 3.16bn Additional UBA Shares, Boosting Liquidity, Market Capitalisation

Tantalizer Among Gainers As NGX Market Cap Surges By N598bn

Naira Records Mixed Fortunes In Official, Black Markets

Nestoil, Neconde Reject Viral Supreme Court Reports

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Five Real Estate Stocks That Delivered High Returns To Investors In 2025

France Says Europe Can Defend Greenland as Tensions Rise Over Trump’s Remarks

Dollar Trades At N1,420/$1, N1,484/$1 In Official, Black Markets

NRS Clarifies: VAT on Banking Fees Not Newly Introduced

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Behind the Geregu Power Sale: Politics and a $750m Deal

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

GivTrade Secures UAE SCA Category 5 Licence

Five Real Estate Stocks That Delivered High Returns To Investors In 2025

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