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
Lagos, Nigeria | Tuesday, September 16, 2025 The Nigerian Exchange (NGX) closed strongly on Monday, with equities gaining ₦705 billion in market value as investors reacted positively to the latest inflation data, which showed a slowdown in price increases. According to market reports, the All-Share Index climbed on the back of heightened demand for bellwether
Abuja, Nigeria | Tuesday, September 16, 2025 Nigeria’s headline inflation rate moderated to 20.12% in August 2025, a drop from the 21.88% recorded in July, according to the latest data released by the National Bureau of Statistics (NBS). The decline reflects a slowdown in the rate at which food and energy prices are rising, providing
Lagos, Nigeria | Tuesday, September 16, 2025 Aliko Dangote, President and Chief Executive of Dangote Petroleum Refinery, has announced that the company’s planned deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks across Nigeria will generate no fewer than 24,000 jobs. The move is part of the refinery’s broader strategy to transform fuel distribution, reduce logistics
Abuja, Nigeria | Tuesday, September 16, 2025 The Nigeria Customs Service (NCS) has announced an extension of the clearance window for overtime cargoes from 90 days to 120 days, in a move aimed at easing port congestion and supporting trade facilitation across the country. The development was confirmed on Tuesday in Abuja by the Comptroller-General
Nigeria’s inflation rate slowed for the fifth consecutive month in August 2025, offering some relief to households struggling with high living costs. The latest figures released on Monday by the National Bureau of Statistics (NBS) show that headline inflation dropped to 20.12 percent, down from 21.88 percent in July. This represents a 1.76 percentage point
