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Business - Page 26

‘If War Is What The U.S. Wants, Be It A Tariff Or Trade War, We’re Ready’ – China Warns

Investors Reposition As US-China Trade Deal Nears Completion

Japan's Nikkei 225 has surged beyond 50,000 for the first time in history, South Korea's Kospi has jumped more than 2% to record highs, and China's CSI 300 and Hong Kong's Hang Seng are both up about 1%.

October 30, 2025

Business·Top Stories

Nigeria’s Manufacturing Sector Records Low Foreign Inflow As Investors Favour Financial Markets In Q1 2025

Nigeria’s manufacturing and agriculture were among the sectors that recorded the least foreign investment inflows in the first quarter (Q1) of 2025, according to the latest report released by the National Bureau of Statistics (NBS). The manufacturing (or production) sector attracted only $129.92 million, accounting for a

August 6, 2025

Business·Top Stories

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Five majority shareholders in the banking industry lost N49.43 billion in the first half (H1) of 2025, after the share prices of their banks plunged. The five majority shareholders, comprising Ladi Balogun, Mike Adenuga, Femi Otedola, Muhammadu Indimi and late Herbert Wigwe,

August 6, 2025

Business·Top Stories

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

Between January and June 2025, Sovereign Trust Insurance recorded N34.07 billion turnover, up by 45 percent compared to the N23.56 billion generated in the first half (H1) of 2024. Sovereign Trust Insurance announced the growth in revenue in its unaudited consolidated financial

August 6, 2025

Business

NIIRA 2025 Will Boost Policyholders’ Confidence In Insurance Industry – Expert

Managing Director, Cowry Asset Management, Mr Johnson Chukwu, has commended the Nigerian government for enacting the new insurance law, saying it has key provisions that will address the problems limiting the growth of the insurance industry in the country. President Bola Tinubu

August 6, 2025

Business·Markets

Naira Falls Across Forex Markets

The Nigerian naira recorded depreciation across foreign exchange market windows on Tuesday, 5 August 2025. This is the first time the local currency has fallen in the foreign exchange market this week. The naira started the week on a positive note, exchanging

August 5, 2025

Business·News

I lost $898m To Naira Devaluation, Oil, Stock Market Dips — Femi Otedola

Nigerian billionaire businessman Femi Otedola has revealed how naira devaluation, drop in oil prices and stock market made him lose about $898 million in 2009. Otedola, who is the current chairman of First Bank Nigeria Holdings and Geregu Power Plc, said he lost

August 5, 2025

Business·Top Stories

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Over N458.41 billion was added to the Nigerian Exchange Limited (NGX) market capitalisation on Tuesday, August 5, as it moved to N91.60 trillion from N91.14 trillion reported on Monday, August 4. NGX added that the all-share index (ASI) appreciated from 144,071.78 ASI

August 5, 2025

Africa·Business

Shoprite To Exit Ghana, Malawi Amid Retreat From African Markets

South African retail giant Shoprite Holdings has announced its decision to exit both Ghana and Malawi, marking another step in its ongoing retreat from several African markets as it refocuses operations on its core South African business. The company, Africa’s largest food

August 5, 2025

Business·Oil & Gas

Dangote Refinery Fuel Distribution: Expert Urges Fair Competition To Protect Marketers

As Dangote refinery finalises plans to begin direct distribution of petroleum products to end-users, oil and gas expert, Olabode Sowunmi, has called on regulatory authorities in the downstream sector to ensure fair competition to protect marketers. Sowunmi made the call while commenting

August 5, 2025

Business·Top Stories

Olakunle Alake Increases Stake In Dangote Cement After Acquiring N1.02bn Shares

The non-executive director of Dangote Cement, Olakunle Alake, has marginally increased his stake in the company after purchasing two million shares on July 31. Alake paid N1.02 billion to purchase two million shares of Dangote Cement to increase his shareholding in the

August 5, 2025

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Business - Page 26

Investors Reposition As US-China Trade Deal Nears Completion

Nigeria’s Manufacturing Sector Records Low Foreign Inflow As Investors Favour Financial Markets In Q1 2025

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Sovereign Trust Insurance’s Revenue Rises To N34bn, Profit Increases By 44%

NIIRA 2025 Will Boost Policyholders’ Confidence In Insurance Industry – Expert

Naira Falls Across Forex Markets

I lost $898m To Naira Devaluation, Oil, Stock Market Dips — Femi Otedola

Neimeth, BUA Cement, Others Add N458.41bn To Nigerian Stock Market Cap

Shoprite To Exit Ghana, Malawi Amid Retreat From African Markets

Dangote Refinery Fuel Distribution: Expert Urges Fair Competition To Protect Marketers

Olakunle Alake Increases Stake In Dangote Cement After Acquiring N1.02bn Shares

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Business - Page 26

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