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Naira and Stocks Dip as Market Reacts to Geopolitical Tension

Nigeria’s financial markets opened the week on a cautious note as the naira and equities recorded mild losses, reflecting investor reactions to renewed geopolitical tension and profit-taking after a strong October rally. The All-Share Index (ASI) of the Nigerian Exchange (NGX) fell by 0.25% to close at 153,739.11 points, resulting in a market capitalization decline …

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NGX Group Declares N1.00 Interim Dividend, Reaffirms Commitment to Shareholder Value

The Nigerian Exchange Group Plc (NGX Group or the Group) has announced the declaration of an interim dividend of N1.00 per ordinary share of 50 kobo each, following the approval of its unaudited financial statements for the third quarter ended 30 September 2025, at the meeting of its Board of Directors. According to a statement …

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Nigeria Loses N316 Billion to Ponzi Schemes — SEC Warns Against Greed and Ignorance

Abuja, Nigeria — The Securities and Exchange Commission (SEC) has revealed that Nigerians have lost an estimated three hundred and sixteen billion naira to Ponzi schemes and illegal fund managers over the years, describing the situation as a growing threat to investor confidence and financial stability. Speaking at a journalists’ academy in Abuja, the Head …

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Nigeria Imports 69 per cent of the 21 billion litres of petrol  Despite Domestic Capacity Growth

Nigeria’s downstream petroleum sector is undergoing a period of transition defined by both progress and contradiction. Despite the commissioning of the $20 billion Dangote Petroleum Refinery, Africa’s largest single-train refinery with an installed capacity of 650,000 barrels per day, the country continues to rely heavily on imported refined petroleum products. Recent industry data indicate that …

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IMF Intensifies Efforts to Track Illicit Financial Flows and Support Nigeria’s Fiscal Stability

The International Monetary Fund (IMF) has reaffirmed its commitment to assisting Nigeria and other developing nations in tracing and curbing Illicit Financial Flows (IFFs), a persistent challenge undermining fiscal stability and economic growth.IMF Managing Director, Kristalina Georgieva, highlighted this during a recent policy dialogue on governance and fiscal resilience, emphasizing that strengthening transparency and improving …

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Top 10 contributors to Nigeria’s GDP in Q2 2025

Nigeria’s economy expanded by 4.23 percent year-on-year in the second quarter of 2025, its fastest pace in four years, according to the latest data released by the National Bureau of Statistics (NBS). The growth was powered largely by non-oil sectors, while the oil industry also recorded a rebound that supported the overall performance. Trade emerged …

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Boosting Financial Resilience: AfDB Invests $25 Million in Local Currency Risk Management

The African Development Bank has approved a fresh equity investment of twenty-five million US dollars into the Currency Exchange Fund (TCX), a specialized global initiative that provides risk-management solutions in emerging and frontier markets. This move is designed to strengthen Africa’s access to local currency financing, reduce dependence on dollar-denominated borrowing, and cushion borrowers against …

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Deutsche Partners Holding Participates in Record-Breaking Intra-African Trade Fair 2025

Deutsche Partners Holding (DPH) has announced its successful participation in the Intra-African Trade Fair 2025 (IATF2025), which concluded in Algiers, Algeria, yielding unprecedented outcomes that strengthen Africa’s economic integration agenda. From the centre is Peter Olowononi-Regional Head, and Ms. Gwen Mwaba, MD, Trade Finance. And Other Members of the South East Development Commission. The event, …

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Euro: Naira strengthens to N1,765/€, boosted by economic strain Of French

Market activity yesterday indicated that naira bulls continued to assert pressure, driving the EUR/NGN exchange rate down to N1,765 per euro. Political Tensions in France Weigh on the EuroFrance, the Eurozone’s second-largest economy, faces political turbulence after Prime Minister François Bayrou was ousted after just nine months in office. Despite the upheaval, President Emmanuel Macron’s …

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Germany, EU, and Nigeria Launch €18.3 Million Agriculture and Job Creation Initiative

In a landmark move aimed at transforming Nigeria’s agricultural sector and promoting sustainable economic growth, the Federal Government, in collaboration with Germany and the European Union (EU), has unveiled the €18.3 million EU-VACE TARED (Agriculture Value Chain Facility – Transformative Agricultural Systems for Rural Economic Development) project. This four-year initiative, running from October 2024 to …

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