business
Leaders across Nigeria’s financial sector are celebrating the newly enacted Investment and Securities Act (ISA) 2025, describing it as a transformative legal framework that could propel the country toward a $1 trillion economy. The legislation, passed at the 2025 Annual Business Summit of the Capital Market Solicitors Association (CMSA) in Lagos, has been widely praised for […]
Global manufacturers are reviving “tariff engineering” to reduce duties by altering product designs, materials, or dimensions. This legal strategy allows companies to bypass higher costs while staying compliant with trade regulations, reshaping how businesses navigate the global market. Key Highlights – *Tariff Optimization*: Companies are using tariff engineering to optimize their supply chains and […]
The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) are strengthening their partnership with China to enhance Nigeria’s capital market as a hub for cross-border investments. This move aims to position Nigeria as a strategic platform for investment flows between Nigeria and China. Key Highlights – *Deepening Capital Market Partnerships*: NGX Group’s […]
At a Bankers Committee Town Hall held in Lagos, the Central Bank of Nigeria (CBN) identified poor product quality, weak packaging, and inadequate branding as major obstacles to the growth of Nigeria’s non-oil exports. Representing the CBN, Deputy Director Nelson Amuwa spoke on behalf of Dr. Aisha Isa-Olatinwo, the Director of Consumer Protection and Financial […]
The Dangote Refinery has started selling Premium Motor Spirit (PMS) in naira, a move that is expected to ease dollar scarcity issues and potentially lead to reduced fuel prices across the country. Marketers have welcomed the development, predicting that petrol prices will drop nationwide. According to reports, the Dangote Refinery has begun selling PMS in […]
The Nigerian Exchange commenced the new trading week on a positive note, recording a market capitalisation increase of N52.17bn. At the close of trading on Monday, the All Share Index inched up by 83.31 points to settle at 106,621.91 points, reflecting a year-to-date gain of 3.59 per cent. The overall market capitalisation stood at N66.8tn. […]
The Dangote Refinery has assured Nigerians that it has enough fuel to meet their needs, putting an end to the persistent fuel scarcity issues that have plagued the country for years. According to the refinery’s management, the facility is ready to begin operations and has been designed to produce high-quality fuels that meet global […]
The Central Bank of Nigeria (CBN) has scrapped free ATM withdrawals for customers using other banks’ Automated Teller Machines (ATMs). This means that customers will now be charged for withdrawals made from ATMs not owned by their bank. Prior to this change, customers were allowed three free withdrawals per month from other banks’ ATMs. However, […]
A recent report has predicted that Nigeria’s real estate market will experience significant growth, reaching a staggering ₦2.25 trillion by 2025. This projection was made by Dangiwa, a real estate expert, who cited increasing demand for housing and infrastructure development as key drivers of the market’s growth. The report highlights the potential for Nigeria’s real […]
Wale Tinubu, the Group Chief Executive of Oando PLC, made a significant revelation at the World Economic Forum (WEF) in Davos, Switzerland, stating that Nigeria has an impressive over a billion barrels of oil reserves. This announcement underscores the country’s immense potential in the oil and gas sector and highlights the need for effective management […]
