Lagos, August 2, 2025 MTN Nigeria has become the second company in Nigeria’s capital market history to surpass a market capitalisation of ₦10 trillion, marking a historic milestone in the nation’s telecommunications and financial sectors. At the close of trading on the Nigerian Exchange Limited (NGX) on Thursday, August 1, 2025, MTN Nigeria’s stock soared
The decision by Dangote Petroleum Refinery to distribute refined petroleum products directly to end-users, bypassing traditional supply chains, is raising significant concern among marketers across the country. Stakeholders within the downstream oil sector warn that this move, if implemented on a full scale, could destabilise the current distribution framework, trigger prolonged scarcity of petroleum products,
The average retail price of Automotive Gas Oil, popularly known as diesel, surged to N1,813.50 per litre in June 2025, representing a sharp year-on-year increase of 23.98%, according to the latest data released by the National Bureau of Statistics (NBS). The figure, which was contained in the Bureau’s Diesel Price Watch report for June, underscores
Central banks across Sub-Saharan Africa are actively adjusting their benchmark interest rates as part of robust measures to curb inflationary pressures and stabilize fragile economies amid global economic uncertainties. Recent data reveals a spectrum of monetary policy decisions reflecting the varied economic realities faced by countries in the region. This comprehensive overview compiled for KIIN360
Former US President Donald Trump has rolled out a new series of tariffs, with Canada bearing the brunt of the punitive measures. The move, widely viewed as an assertion of American economic strength, aims to bolster US exporters by making foreign goods more expensive and incentivizing domestic manufacturing. According to analysts tracking the development, the
Guaranty Trust Holding Company Plc (GTCO) has officially completed the delisting of its Global Depository Receipts (GDRs) from the London Stock Exchange (LSE), confirming its strategic decision to streamline capital market operations while maintaining a strong presence in multiple trading venues. The development was announced through an official statement obtained , signaling a key milestone
Lagos | July 31, 2025 — FirstHoldco Plc, the non-operating holding company of Nigeria’s oldest financial services group, has posted a robust ₦169.6 billion profit before tax for the second quarter of 2025, marking one of the earliest major financial declarations of the earnings season. This impressive figure represents a significant year-on-year growth, reinforcing FirstHoldco’s
Abuja, Nigeria | July 31, 2025 — The African Development Bank (AfDB) has approved a grant of $1.2 million to fund a comprehensive feasibility study on battery energy storage systems (BESS) in Nigeria, as part of ongoing efforts to strengthen the nation’s energy transition and grid reliability. The funding, provided through AfDB’s Sustainable Energy Fund
Abuja, Nigeria – Nigeria’s Federal Inland Revenue Service (FIRS) delivered a massive ₦3.3 trillion ($2.18 billion) in tax revenue for June 2025, blowing past its monthly target by a remarkable ₦1.36 trillion. The surge, detailed in figures prepared for the Federation Account Allocation Committee (FAAC) ahead of its July 16 meeting, signals a significant shift
LAGOS — Lagos State Governor, Babajide Sanwo-Olu, has thrown the full weight of his administration behind GITEX Nigeria, pledging strategic support for the international tech and innovation exhibition billed to hold in Lagos later this year. The governor made the declaration on Monday, July 29, 2025, during a high-level stakeholders’ engagement in Alausa, where he
