Business

NGX investors lose N939bn as banking, industrial stocks decline

Investors on the Nigerian Exchange Limited (NGX) lost N939 billion on Friday as sustained profit-taking in banking and industrial stocks…

2 weeks ago

Dangote waterborne gasoline increasingly sent to Lagos

Nigerian fuel marketers are increasingly importing waterborne refined petroleum products by the Dangote Petroleum Refinery, according to an official of…

2 weeks ago

Stock market sheds N2.18trn as investors adjust to T+1 cycle

The stock market extended its negative trend on Thursday, June 19, 2026, wiping out N2.179 trillion from investors wealth. The…

2 weeks ago

Otedola raises First HoldCo stake to 20% after N29bn share purchase

Businessman Femi Otedola has increased his stake in First HoldCo after acquiring 680 million additional shares valued at about N29.6…

2 weeks ago

FG releases transition guidelines for tax acts 2025

The Federal Government has issued the General Guidelines for the implementation of the Tax Acts 2025, providing a structured framework…

2 weeks ago

Fire erupts at Polaris Bank building in Lagos

A fire outbreak on Thursday engulfed a multi-storey building housing a branch of Polaris Bank on Broad Street, Lagos Island,…

2 weeks ago

Petrol imports rebound as crude supply falls

Nigeria’s petrol imports rose by 59.5 per cent in May, reversing months of decline, as oil marketers increased purchases from…

2 weeks ago

Africa’s future hinges on unity, rule of law — Mupita

MTN Group President and Chief Executive Officer, Ralph Mupita, has stressed that Africa’s future depends on greater social solidarity, economic…

2 weeks ago

Stock market extends bearish run as investors lose N758bn

The Nigerian stock market closed Wednesday’s trading session on a negative note, extending its bearish streak to four consecutive sessions…

2 weeks ago

Mupita urges economic integration amid rising migration tensions

MTN Group President and Chief Executive Officer, Ralph Mupita, has called for greater economic integration and social solidarity across Africa…

2 weeks ago

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