Twenty-four companies listed on the Nigerian Exchange Limited (NGX) now account for 74.8 per cent of the total market capitalisation of Nigeria’s equities market, highlighting the dominance of a relatively small group of firms. As of August 17, 2026, the companies had a combined market capitalisation of N117.01 trillion, out…

The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has urged Nigeria to take advantage of changing global trade patterns by implementing reforms that will attract investment, boost industrialisation and strengthen its position in global value chains. Speaking during a fireside chat with Central Bank of Nigeria Governor Olayemi…

At least 78 Ministries, Departments and Agencies (MDAs) of the Federal Government have allocated nearly ₦400 billion in the 2026 budget for the construction and rehabilitation of community halls, mosques, traditional rulers' palaces, village market squares and civic centres. An analysis of the budget shows that more than half of…

Global oil prices climbed by more than three per cent during early Asian trading on Wednesday after the United States military said it intercepted several missiles launched by Iran, heightening concerns over escalating tensions in the Middle East. As of 0015 GMT, US benchmark West Texas Intermediate (WTI) crude gained…

Senior policymakers, financial experts and business leaders from across Africa have gathered in Abuja for the seventh African Emerging Markets Forum, where discussions are centred on strengthening the continent's resilience amid rising global economic uncertainty. The forum, taking place at the headquarters of the Central Bank of Nigeria (CBN), has…

Nigeria continues to suffer significant economic losses from illicit financial flows (IFFs), with an estimated $17.8 billion leaving the country annually, according to recent findings presented at a capacity-building workshop organised by the Africa Network for Environment and Economic Justice (ANEEJ). The organisation revealed that Nigeria lost between $90 billion…