Naira hits 10-month high on strong FX inflows –

The naira extended its gains at the official market last week as it gained 0.72 per cent (or N10.5) to close at 1,455.17/$, the strongest it had been since December 2024, data from the Central Bank of Nigeria has revealed. Analysts disclosed that the performance of the domestic currency was driven by robust foreign exchange inflows from portfolio investors and remittances. At the parallel market, the naira strengthened 0.88 per cent to 1,475/$, also supported by improved liquidity……..(Read More)

FG owes GenCos fresh N1tn in six months –

The Federal Government’s debt owed to electricity generation companies has risen to N1.05tn in the first half of 2025. This is the outstanding power subsidy payment to electricity generation companies, covering the first and second quarters of the year. A report by the Nigerian Electricity Regulatory Commission’s Second Quarter Report for 2025 showed that the government incurred a subsidy obligation of N514.35bn in Q2 2025, following N536.40bn in Q1, bringing the total to over N1.05tn in the first six months of the year…….(Read More)

Dangote Cement begins Ivory Coast operations –

Dangote Cement has officially launched its operations in Attingué, some 30 kilometres from Abidjan, Ivory Coast. According to a statement by the group on Sunday, the announcement was made on Wednesday by the Managing Director of Dangote Cement, Ivory Coast, Serge Gbotta, at the Novotel Abidjan-Marcory. Covering an area of 50 hectares, the plant reportedly has a production capacity of 3 million tonnes of cement per year, making it one of the group’s largest facilities outside Nigeria……………(Read More)

Nigeria’s public debt rises to N152.4tn by June 2025 – DMO –

Nigeria’s total public debt has risen to N152.40 trillion as of June 30, 2025, from N149.39 trillion recorded at the end of March, according to the latest data released by the Debt Management Office (DMO). The figure represents a quarterly increase of N3.01 trillion, or 2.01%, while in dollar terms, the debt stock climbed from $97.24 billion to $99.66 billion, reflecting a 2.49% rise. According to the report, external debt rose to $46.98 billion (N71.85 trillion) in June from $45.98 billion (N70.63 trillion) in March….…..(Read More)

Zenith Bank pays N51.3bn interim dividend –

Zenith Bank Plc has paid a total interim dividend of N51.3 billion to its shareholders for the Half Year (H1) 2025, at N1.25 per share. This significant payout represents over 60% increase from the N31.4 billion paid in H1 2024. The dividend payment comes on the heels of the bank’s audited financial results for the half-year ended June 30, 2025, released to the Nigerian Exchange (NGX) in September 2025, which showcased a robust financial position and growth trajectory. Commenting on the dividend payout, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, said, “We are pleased to have paid this significant interim dividend to our valued shareholders…….(Read More)

Türkiye, US draft new roadmap to reach $100 billion trade goal –

Türkiye and the United States are preparing a new strategy to boost bilateral commerce toward the long-standing $100 billion trade target, focusing on expanding cooperation in key industries from automotive to nuclear energy. The Foreign Economic Relations Board of Türkiye (DEİK) and its Türkiye-U.S. Business Council (TAİK) have begun work to update a joint trade roadmap first prepared with the Boston Consulting Group in 2019-2020. The revised plan aims to adapt to shifting global dynamics and strengthen private-sector partnerships between the two NATO allies………(Read More)