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Business - Page 11

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

Business·News·Top Stories

CPPE Warns Suspension of 15% Fuel Import Duty Threatens Nigeria’s Refining Industry, Energy Security

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Federal Government’s suspension of the 15 per cent import duty on petrol and diesel poses significant risks to Nigeria’s domestic refining investments, foreign exchange stability and long-term energy security.

November 17, 2025

Business·Finance & Economy·Opinion·Top Stories

Unlocking Africa’s $4 Trillion Potential: A New Era for Financial Sovereignty

Africa holds an estimated $4 trillion in domestic capital, with $455 billion in pension funds and $150 billion in sovereign wealth funds.

November 16, 2025

Business·Markets·News·World News

Markets Brace for Wave of Delayed U.S. Economic Data as Shutdown Backlog Clears

With federal agencies returning to operation after weeks of paralysis, global markets are shifting focus from politics to data the flood of delayed economic reports that could redefine expectations for growth, inflation, and monetary policy heading into year’s end. Financial advisory firm

November 13, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News·Nigeria

Nigeria’s Stock Market Suffers Sharpest Slide in 15 Years as Trump Threat, CGT Fears Trigger Massive Sell‑off

Nigeria’s equity market plunged in mid November as a toxic mix of geopolitical jitters following public comments by U.S. President Trump and anxiety over a proposed Capital Gains Tax (CGT) policy prompted heavy profit taking by foreign and local investors. The rout

November 12, 2025

Business·News·Top Stories

UBA Commits $102 Million to Chad as Part of $30 Billion Development Drive

UBA Group has reaffirmed its role as a key financier of Africa’s infrastructure and industrial growth, pledging over $102 million in direct investments in Chad during the UAE-Chad Trade & Investment Forum. Speaking at the event, the bank’s representative framed the investment

November 11, 2025

Business·News·Top Stories

New Era for Nigeria’s Fertiliser Industry as Dangote, thyssenkrupp Uhde Roll Out Advanced Urea Facilities

Dangote Fertiliser Limited (DFL) has entered into a strategic partnership with Germany’s thyssenkrupp Uhde Fertilizer Technology (UFT) to deploy four new urea granulation units in Nigeria, a move expected to significantly expand the country’s fertilizer production capacity. Under the agreement, UFT will

November 11, 2025

Africa·Business·Events & Opportunities·News

ECOWAS Courts Investors, Strengthen Regional Value Chains on 50th Anniversary

West Africa’s economic integration milestone, ECOWAS@50, is spotlighting regional trade, investment, and innovation through the ECOWAS Trade and Investment Forum & Exhibition (ECOTIFE) at the 2025 Lagos International Trade Fair (LITF). Running from 7–16 November at Tafawa Balewa Square, the forum positions

November 9, 2025

US-based Global Inventor Cyprian Emeka Uzoh Receives Cheiftaincy Title In Nigeria

Business·News·Technology·Top Stories·World News

The Copper Catalyst: How Cyprian Uzoh’s Breakthrough Changed the World

Uzoh's copper interconnect technology has been a game-changer for the tech industry, enabling faster, more powerful, and more efficient electronics. His commitment to giving back to his community is truly inspiring.

November 8, 2025

NGX Market Cap Sheds N197.31bn As International Breweries, Cornerstone Record Losses

Business·Markets·News·Nigeria

NGX Sheds ₦1.8 Trillion as Capital Gains Tax Anxiety, Geopolitical Tensions Spike

Nigerian equities have recorded one of their sharpest declines this year, with panic-driven sell-offs wiping out roughly ₦1.8 trillion in market value within four trading sessions, as investors react to fiscal uncertainty and rising geopolitical tensions. Data from the Nigerian Exchange (NGX)

November 7, 2025

Business·Markets·News·Nigeria

Gold, Aluminium Discoveries In Benue Spark Hope for Economic Boom

Benue State has confirmed the presence of commercially significant gold deposits in Kwande Local Government Area and aluminium deposits across several riverine communities, marking what officials say could become a major turning point in the state’s economic diversification drive. The development, earlier

November 7, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 11

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

CPPE Warns Suspension of 15% Fuel Import Duty Threatens Nigeria’s Refining Industry, Energy Security

Unlocking Africa’s $4 Trillion Potential: A New Era for Financial Sovereignty

Markets Brace for Wave of Delayed U.S. Economic Data as Shutdown Backlog Clears

Nigeria’s Stock Market Suffers Sharpest Slide in 15 Years as Trump Threat, CGT Fears Trigger Massive Sell‑off

UBA Commits $102 Million to Chad as Part of $30 Billion Development Drive

New Era for Nigeria’s Fertiliser Industry as Dangote, thyssenkrupp Uhde Roll Out Advanced Urea Facilities

ECOWAS Courts Investors, Strengthen Regional Value Chains on 50th Anniversary

The Copper Catalyst: How Cyprian Uzoh’s Breakthrough Changed the World

NGX Sheds ₦1.8 Trillion as Capital Gains Tax Anxiety, Geopolitical Tensions Spike

Gold, Aluminium Discoveries In Benue Spark Hope for Economic Boom

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

NOM Demands Immediate Suspension of Tinubu’s New Tax Law, Warns of Worsening Hardship

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