Dave Ibemere
5440 articles published since 20 Sep 2021
5440 articles published since 20 Sep 2021
Nigerian stock market hits record high of over 200,000 points, buoyed by gains in key stocks like BUA Cement and Premier Paints, amid rising investor optimism.
Nigeria’s inflation drops to 15.06% in February 2026, easing cost of living as food and core prices moderate, offering relief to households nationwide.
Federal government has introduced a 1% presumptive tax on informal businesses, exempting firms earning N12 million or less and banning cash tax collections.
CBN Governor Olayemi Cardoso says FX reforms narrowed the official-parallel dollar rate gap to under 2%, boosting naira stability, liquidity, investor confidence.
Petrol depot prices rise across Nigeria after Dangote Petroleum Refinery restored its ex-depot rate to N1,175 per litre, forcing marketers to adjust prices.
Nigeria’s total trade in Q4 2025 was N36.21 trillion, with crude oil dominating exports, China leading imports, and a trade surplus of N1.71 trillion recorded.
The Nigerian Exchange closed the week higher as the All-Share Index gained 0.73%, while financial services stocks dominated trading activity on the market.
The naira gained against the dollar in the official market while Nigeria’s external reserves climbed above $50 billion, strengthening foreign exchange buffers.
Retail gaint, Shoprite has denied rumours of shutting down operations in Nigeria, confirming plans to open two new stores in Lagos this March 2026.
Dave Ibemere
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