After 10 years, oil investments flow again – FG –

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that the country has broken a 10-year drought in oil sector investments, thanks to reforms introduced under President Bola Tinubu’s administration. Lokpobiri disclosed this in a statement issued by his Special Adviser on Media and Communication, Nneamaka Okafor, on Thursday. The remarks followed his keynote address at the United States–Nigeria Council’s session on oil sector collaboration, held on the sidelines of the ongoing United Nations General Assembly in New York……..(Read More)

Equities market rebounds as investors drive N279bn gain –

The Nigerian Exchange reversed previous losses on Thursday, closing the trading session with a gain of N279bn in market capitalisation as investors returned to the equities market. At the close of trading, the market capitalisation of listed equities rose to N89.4tn from the N89.1tn recorded in the previous session. The Index advanced by 432.94 points, or 0.31 per cent, to close at 141,149.04 points. The performance lifted the market to a positive close after days of mixed sentiment, with analysts attributing the rebound to renewed bargain-hunting in large- and mid-cap stocks, particularly in the banking and oil and gas sectors……..(Read More)

Inflation decline, fx stability behind CBN’s rates cut –

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) reduced the benchmark interest rate by 50 basis points (bps), from 27.5 per cent to 27 per cent. At the end of its 302nd meeting held on September 22 and 23, 2025, the committee voted unanimously to ease monetary policy in a bid to balance price stability with growth. Latest data released by the National Bureau of Statistics revealed that Nigeria’s real gross domestic product surged by 4.23% in the second quarter of the year. Inflation has also been on the decline, and the naira has become less volatile…….(Read More)

Otedola, Calvados acquire 64.8m First HoldCo shares worth N2bn –

First HoldCo Plc has notified the Nigerian Exchange Limited of insider dealings involving its Chairman, Olufemi Otedola, and his affiliated company, Calvados Global Services Limited, who jointly acquired 64.8m shares of the group valued at over N2bn. In a regulatory filing dated September 24, the company disclosed that Otedola directly purchased 39,313,379 ordinary shares of First HoldCo at N31 per share. In addition, Calvados Global Services Limited, a company related to the billionaire investor, bought 25,565,289 ordinary shares at the same price..…..(Read More)

Recapitalisationn: TAJBank surpassed CBN’s capital requirement – CEO –

TAJBank yesterday disclosed that the bank has met the Central Bank of Nigeria’s (CBN’s) new minimum capital requirement for national non-interest banks. The Managing Director/CEO of the bank, Mr. Hamid Joda, disclosed this while speaking with journalists on the sidelines of an investment summit in Abuja. With the compliance with the required minimum capital base as directed by the CBN, TAJBank has joined the rank of few banks that had already met or exceeded the CBN’s revised capital thresholds scheduled for enforcement from March 2026 by the apex bank……….(Read More)

Asian Pharmaceutical Stocks Slump As Trump Announces 100% Tariffs On Patented Drugs –

President Donald Trump announced a new set of tariffs on Thursday evening, including a 100% levy on patented drugs unless a company is building a plant to manufacture in the U.S., triggering a steep decline in Asian pharmaceutical stocks on Friday. In a Truth Social post on Thursday evening, Trump wrote: “Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America.”….(Read More)