Tinubu approves ₦3.3trn payment plan to restore reliable power
President Bola Tinubu has approved a ₦3.3 trillion plan to settle old debts in Nigeria’s power sector to make electricity more reliable and attract investors. Presidential spokesperson Bayo Onanuga said that after reviewing debts from February 2015 to March 2025 under the Presidential Power Sector Financial Reforms Programme, ₦3.3 trillion was confirmed as a full […]
NGX records massive N2.5tn gain first time since Trump’s threat shockwave
The Nigerian Exchange (NGX) has recorded a remarkable N2.5 trillion gain, marking the first significant recovery since the economic shock caused by former U.S. President Donald Trump’s recent threats against Nigeria. The surge comes after a period of heightened investor anxiety and market volatility triggered by Trump’s designation of Nigeria as a “Country of Particular […]
Tunnel of dark economy getting better – Tinubu
President Bola Ahmed Tinubu has stated that Nigeria is gradually moving out of what he described as a “tunnel of a dark economy.” He explained that although the country has faced serious economic challenges, steady progress is now being made through the government’s reforms. Tinubu noted that key policies aimed at stabilizing the economy are […]
Trump’s threat wreaking havoc on Nigerian stock market, Naira – Economists
Nigeria’s economy has been shaken over the past ten days following comments from U.S. President Donald Trump, who labelled the country a Country of Particular Concern and hinted at possible military action. Economists say the statement has scared investors, leading to panic in the financial markets. The Nigerian Stock Exchange has suffered heavy losses, dropping […]
Nigerian Stock Exchange gains N285bn after days of losses
The Nigerian stock market bounced back strong on Friday, adding N285 billion in value after several days of declines. This rebound brought fresh relief to investors who had seen continuous losses earlier in the week. The recovery shows renewed confidence in the market, especially as traders took advantage of lower share prices to buy into […]
Tinubu’s Presidential Pardon Can Damage Investors’ Confidence – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has expressed serious concern over President Bola Tinubu’s recent presidential pardon, warning that it could weaken investors’ confidence in Nigeria’s economy. The organisation said the decision to pardon individuals convicted of economic and financial crimes sends the wrong signal to both domestic and foreign investors. In […]
FMDQ Faces 67% Trading Volume Loss As CBN Shifts To Internal Platform
The FMDQ Securities Exchange has recorded a sharp 67% drop in trading volumes after the Central Bank of Nigeria (CBN) redirected most of its foreign exchange transactions to its own internal platform. This shift has significantly reduced activity on FMDQ, raising concerns among market operators about transparency and liquidity. Analysts argue that the move by […]
No investor will risk money where govt functionary dictates court rulings – Goodluck Jonathan
Former President Goodluck Jonathan has cautioned that no serious investor will risk money in a country where the judiciary is not independent. Speaking at the Democracy Dialogue of the Goodluck Jonathan Foundation in Accra, Ghana, he stressed that businesses need trust in the legal system before they can invest. Jonathan explained that when government officials […]
President Tinubu signs four tax reform bills into law
President Bola Tinubu has approved four new tax laws to help bring Nigeria’s tax system together and make it work better. These laws aim to fix the many scattered tax rules across the country. The purpose of the new laws is to stop repeated charges, make the tax system clearer, encourage investors, and ensure that […]
Nigerian economy stabilising — CBN Governor, Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that Nigeria’s economy is now showing signs of stability. He spoke about this at a press conference held after the CBN’s 300th Monetary Policy Committee meeting on Tuesday. According to him, investors have shown more trust in Nigeria’s economy over the past […]