FX Stability, Capital Inflows Drive N26trn Gain In Stock Market

Analysts on the Nigerian capital market have attributed the equities performance of N26.01 trillion gain in eight months to various factors, including foreign exchange stability, recovery of companies from FX losses, stronger market liquidity, and increased capital inflows. They also cited the dominance of domestic investors, increased portfolio investments, the Central Bank of Nigeria’s recapitalisation […]

Rising Costs: ECN Urges Firms To Embrace Efficiency, Cut Waste

The Energy Commission of Nigeria and a cross-section of energy sector stakeholders have provided a comprehensive solution to prevent businesses from shutting down due to rising energy costs in Nigeria. This was the central theme at a one-day sensitisation workshop on industrial energy efficiency best practices in Nigeria organised by the Energy Commission of Nigeria […]

Private Sector Records 54.2 Points On Sustained Improvement In Business Activity

The Nigerian private sector continued to expand in August, driven by improved customer demand and softer inflationary pressures. The Purchasing Managers’ Index (PMI) rose to 54.2. The growth was fueled by sharper increases in output and new orders, with firms reporting stronger customer demand and a greater willingness to commit to new projects, according to […]

Lafarge Africa Plc Launches New ReadyMix Plant in Lagos

Lafarge Africa Plc, a leading innovative and sustainable building solutions company and manufacturer of a range of cement brands, has officially commissioned the Freedom Plant, a state-of-the-art ReadyMix facility located in Lekki, Lagos. According to the firm, the launch represents another milestone in the company’s commitment to delivering innovative and sustainable solutions that power infrastructure […]

Group Decries Gaube’s Poor Infrastructure, Calls For Wike’s Intervention

A non-governmental organisation, the Movement for the Transformation of Nigeria (MOTiON), has called for urgent government intervention in Gaube, a key farming community in the Kuje Area Council of the Federal Capital Territory (FCT), citing years of neglect and crumbling infrastructure. The group expressed concern over the lack of basic amenities, including poor road networks, […]