Dave Ibemere
5443 articles published since 20 Sep 2021
5443 articles published since 20 Sep 2021
Nigeria’s stock market added N11.36 trillion in billionaire wealth in 2025, driven almost entirely by Abdul Samad Rabiu and Aliko Dangote from listed stocks.
BURN says clean cooking offers Nigeria a fast, investable climate solution as new carbon and tax policies boost investor confidence and expand stove access.
Nigerians may face petrol prices reaching N1,000 per litre as global crude oil surpasses $70 per barrel, with Dangote Refinery and marketers adjusting pump costs.
Wema Bank’s profit after tax surged 124% to N193.2 billion in 2025, driven by loan growth, higher interest income, and strong operating cash flows.
Analysts say the naira hit a two-year high as a weaker dollar, rising oil prices, strong inflows and ongoing reforms boosted confidence in Nigeria’s economy.
Dangote Refinery said it can supply 75 million litres of petrol daily, exceeding Nigeria’s demand and boosting fuel security while reducing reliance on importation.
Investors gained as the NGX closed higher, with market capitalisation rising by N232bn, driven by positive sentiment despite weaker trading activity.
Experts say Nigeria can achieve its 2030 clean cooking target by aligning carbon markets, tax reforms and manufacturing, with BURN driving solutions nationwide.
The NUPRC has opened 50 oil blocks across five basins for the 2025 licensing round, targeting technically strong firms and $10 billion investments.
Dave Ibemere
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