Lagos, Nigeria | September 17, 2025 The Nigerian Exchange Limited (NGX) is considering extending its trading hours from the current 9:30 AM–2:30 PM to 9:00 AM–5:00 PM. The proposal was discussed during a Zoom meeting on Tuesday with over 120 market operators, including NGX CEO Jude Chiemeka and Sam Onukwue, Chairman of the Association of Securities Dealing Houses of
Nigeria is on the verge of a major industrial breakthrough as preparations are in top gear to commission a new lithium processing plant in Nasarawa State, financed by Chinese investors. The facility, which is expected to play a pivotal role in the country’s energy and manufacturing future, will focus on the production of lithium-ion batteries
In a historic breakthrough for Nigeria’s downstream oil sector, petroleum products refined at the Dangote Refinery have, for the first time, arrived the United States. The groundbreaking shipment, carrying 320,000 barrels of premium motor spirit (PMS), commonly known as petrol, marks a significant milestone in the country’s journey toward becoming a major player in the
The Kaduna State Government has entered into a landmark agreement with the African Industries Group (AIG), signing a Memorandum of Understanding (MoU) valued at $120 million for the establishment of a world-class greenhouse farming project in Gujeni, Kagarko Local Government Area of the state. This ambitious initiative is designed to transform Kaduna into a hub
President of the Dangote Group, Alhaji Aliko Dangote, has revealed that Dangote Cement Plc remits a substantial portion of its earnings to the Nigerian government in the form of taxes, with the company paying up to 52% of its revenue as tax-related obligations. According to Africa’s richest man, for every ₦1 generated by Dangote Cement,
Lagos, Nigeria | September 16, 2025 The Nigerian All-Share Index (ASI) closed lower on Tuesday, shedding 112.20 points to settle at 141,546.8, representing a 0.08% decline from Monday’s close of 141,659.0. The downturn was accompanied by a slowdown in market activity, reflecting cautious investor sentiment.Trading volume fell to 414.9 million shares, down from 555.1 million
Accra, Ghana – September 16, 2025 Nigeria has reaffirmed its leadership role in Africa’s energy sector, advocating for regional cooperation to reduce the continent’s reliance on imported fuel, which costs over $120 billion annually.Speaking at the Africa Oil Week 2025 Ministerial and CEO Leadership Forum in Accra, Ghana, Nigeria’s Minister of State for Petroleum Resources,
ABUJA – A staggering N2.22 trillion was spent on agricultural imports in the first half of 2025, a new report has revealed, sparking fierce criticism from farmers and industry stakeholders who blame Federal Government policies for crippling local production and failing to address the root causes of food insecurity. The latest data from the National
HONG KONG | September 16, 2025 Asian stocks climbed on Tuesday, tracking another record-setting session on Wall Street, as investors looked ahead to the U.S. Federal Reserve’s policy meeting and an anticipated interest-rate cut. Markets also kept a close watch on potential talks between U.S. President Donald Trump and Chinese President Xi Jinping following recent
The President of Dangote Industries Limited, Alhaji Aliko Dangote, has revealed that the company’s newly introduced fleet of Compressed Natural Gas (CNG)-powered trucks is expected to create no fewer than 24,000 jobs across Nigeria. This initiative, according to him, aligns with the group’s broader commitment to reducing operating costs, promoting cleaner energy, and boosting employment
