Economy

Nigeria’s ETF correction deepens as STANBICETF30, VETGRIF30 see 50% decline in a week

The speculative fever that gripped the Nigerian ETF market has broken, leaving double-digit losses for retail investors. As of Friday,…

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Five banking stocks that are underperforming the market

Diversification only works if you’re aware of the weak links in your portfolio. As we analyse the year-to-date (YtD) performance…

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Ellah Lakes targets Q1 for ARPN acquisition deal

Ellah Lakes Plc has reaffirmed that its planned acquisition of Agro-Allied Resources & Processing Nigeria Limited (ARPN), a Singapore-based entity…

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Election-related liquidity seen as key risk to MPC decision

Election-related fiscal injections and rising system liquidity are emerging as the dominant risk shaping expectations ahead of the Central Bank…

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N8.14trn richer: Stock investors toast to biggest weekly gain in history

The Nigerian stock market has entered a historic super-cycle, recording an unprecedented N8.14 trillion gain in just five trading sessions…

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Olusoga highlights transparency, structure as pillars of African Fintech success

Transparency, strong regulation and disciplined structure will determine which African fintechs earn global credibility, Tobi Olusoga, chief operating officer of…

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PENGASSAN warns Tinubu’s order on NNPC revenues could lead to job losses

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that President Bola Tinubu’s executive order directing…

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Nigerian Distilleries deepens market penetration with new product launch

Nigerian Distilleries Limited (NDL), Nigeria’s foremost manufacturer, has increased its share of the bottled spirits market with the launch of…

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How treating trust gains as ordinary income spells higher taxes for Nigerian families

Trusts and estate structures in Nigeria now face higher tax exposure, with trust income taxed as ordinary income at up…

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ICAN, Mutual Benefits partner to elevate standards in accounting profession

Mutual Benefits Assurance Plc and the Institute of Chartered Accountants of Nigeria (ICAN) have reaffirmed their joint commitment to professionalism,…

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