Debt-to-GDP ratio drops to 39.4% after GDP rebasing –

The Nigerian stock market extended its bullish trend on Tuesday, recording a gain of N396bn in market capitalization amid renewed investor interest across key sectors. The All-Share Index of the Nigerian Exchange Limited rose by 0.71 per cent to close at 99,793.71 points, compared to the previous close of 99,088.32 points. As a result, the market capitalization increased to N56.49tn from N56.09tn………(Read More)

Bullish trend continues as stock market gains N396bn –

The Nigerian Customs Service (NCS) has announced that it will be replacing the proposed 4 percent import levy with the existing 1 percent Comprehensive Import Supervision Scheme (CISS) levy. The Comptroller General of Customs (CGC), Adewale Adeniyi, made the revelation at an engagement held in Lagos to sensitize stakeholders in the B’Odogwu platform……….(Read More)

Africa losing $90bn annually to imported substandard fuel – Dangote –

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has stated that Africa loses $90 billion annually to importation of substandard petrol fuel due to lack of refineries in the continent. Speaking during the ongoing West African Refined Fuel Conference held in Abuja, Dangote revealed that, due to the continent’s limited domestic refining capacity, Africa imports over 120 million tonnes of refined petroleum products annually……….(Read More)

Oil prices drop as global uncertainties persist –

The global uncertainty in the oil market has persisted as the prices of crude oil have once again dropped below $68 per barrel amidst demand and supply uncertainties. The development continues to put pressure on Nigeria’s fiscal targets. Reports say the markets are bracing for President Donald Trump’s US tariffs to take effect, with ratings agencies estimating that the global economy will underperform expectations……(Read More)

External Reserves Rise By $200.3m To $37.938bn In 30 days –

Nigeria’s external reserves rose by 0.53 per cent or $200.26 million within a one-month period, from $37.738 billion which it was on June 18, 2025, to $37.938 billion as at July 18, 2025, data from the Central Bank of Nigeria (CBN) showed. The 30-day moving average data between June 18 and July 18 showed that the reserves saw a consistent accretion, especially from early July. The most significant single-day increase occurred on July 14, when the gross reserve position jumped by $206.6 million from $37.43 billion on July 11 to $37.64 billion….…(Read More)

Trump secures historic $550B trade deal with Japan: ‘Never been anything like it’  –

A “massive” $550 billion trade deal has been reached with Japan, President Donald Trump said on Tuesday, adding that it will create hundreds of thousands of jobs. “We just completed a massive Deal with Japan, perhaps the largest Deal ever made,” Trump wrote on Truth Social. “Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it.” Trump said Japan will open its country to trade in things like cars, trucks, rice and other agricultural products…..(Read More)