Author: Julius Alagbe

NNPCL Posts N4.2trn Revenue, Remits N10trn To Federation Account The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦4.26 trillion revenue in August alone, according to the company’s September 2025 monthly performance report released on Tuesday. The firm also remitted ₦10.073 trillion to the Federation Account between January and August 2025. The remitted funds include proceeds from crude and condensate sales, gas sales, royalties, taxes, and other payments due to the Federation. Remittance in August was an increase of about ₦1.21 trillion compared to July. Between January and July 2025, the company’s cumulative remittance was around ₦8.86 trillion. Crude oil…

2027 Election: Over 8m Nigerians Complete Pre-Online Registration – INEC The Independent National Electoral Commission (INEC) has announced that more than eight million Nigerians have completed the pre-online registration in the ongoing nationwide Continuous Voter Registration (CVR). The commission, in an update released in Abuja, said that 1,7 million Nigerians have completed their registration. The statistics for week nine for the online shows that of 8,003,196 Imo State recorded the highest number with 826,850 representing 10.32 per cent, followed by Lagos State with 604,619 representing 7.56 per cent and Ogun with 510,062 representing 6.37 per cent. The state with the…

The Crypto Market is Blazing Right Now with New Cryptos, Pre-Sale Crypto Options and Live Data Tracking Options It is absolutely fascinating to see how much the crypto market has changed and evolved, not only over the past few years but the past months or even days. There is no market out there that moves as quickly as this one does. Can you find one? It is very difficult to because every economic and political change around the world impacts the value of this currency. This makes it both interesting but also very volatile. If you would like to keep…

First Holdco Climbs by 4.5% on Significant Trade Volume First Holdco Plc’s market value increased by about 4.5% as the Nigerian Exchange (NGX) recorded significant market activities on the financial services company shares on Tuesday. The Holdco share price climbed amidst historical fluctuation that keeps its movement restricted. First Holdco is expected to release its Q3 earnings in coming weeks, and the market anticipates the scorecard to trigger investors’ action. According to its trading data from the Nigerian market, First Holdco share price climbed to N33.95, up by 4.46% from its previous close over a huge trading volume executed by…

BUA Foods Hits N12.465trn, Highest in Nigerian Market The stock market value of BUA Foods Plc’s 18 billion shares outstanding on the Nigerian Exchange (ngx) surged to N12.465 trillion as investors increased their bet on the market mover. In absolute terms, BUA Foods market value increased by N765 billion, up from N11.700 trillion to N12.465 billion because of not so much trade volume executed. Trading data showed that the consumer goods company reached a new height on Tuesday as 311, 019 units of BUA Foods valued at N212.169 million were executed in the local bourse, driven by buy side actors.…

Naira Climbs to N1463/$ as FX Reserves Reach $42.792bn The Nigerian local currency, the naira, appreciated against the dominant US dollar at the official FX market, trading at N1463 per greenback on Tuesday amidst growing external reserves. The local currency touched an intraday high of N1466 per dollar at the official market, reflecting a significant improvement from N1470 the previous day. The Central Bank of Nigeria (CBN) daily FX update showed that the spot rate closed at N1463.4520 in the absence of significant demand for US dollars. Exporters and inflows from international oil companies helped strengthen the supply side, while…

NGX Market Cap Surpasses N96trn, Equity Investors Gain N961bn The Nigerian Exchange (NGX) market capitalisation surpassed N96 trillion as bargain hunting boosted investors’ equity portfolio value by more than N961 billion, boosting year-to-date return to 47.2%. The local bourse maintains its bullish run, and key market performance indicators climbed by 1.01%. The market’s sustained rally was driven by increased buying interest in medium- and large-scale stocks with noticeable interest BUAFOOD, VITAFOAM, ARADEL, CADBURY among others. Investors’ optimism on oversold stocks strengthens amid expectations of stronger corporate earnings from listed firms.  The Nigerian Exchange All-Share Index grew by 1,516.10 basis points…

British Pound Falls Against USD as UK Budget Deficit Spikes The British pound fell to around $1.34 at the foreign exchange market on Tuesday due to spiral sell pressure following a significant spike in UK government borrowing to fund public sector spending ahead of consumer data. The sterling hits its week low versus the dollar as the UK government borrowed £7.2 billion more than forecast in the first half of the fiscal year.  The UK public finances report showed that the deficit edged up.  The Office for National Statistics reported that the current budget deficit was £13.4 billion in September…

Tinubu Approves N250,000 Grant for Outstanding MSMEs President Bola Tinubu has approved an unconditional grant of N250,000 for each outstanding Micro, Small, and Medium Enterprise (MSME) exhibiting at the Expanded National MSME Clinic in Katsina State. Vice-President Kashim Shettima announced the grant Tuesday during the inauguration of the ninth edition of the MSME Clinic, designed to support small businesses and stimulate economic activity across local communities. He said the Federal Government established the Expanded MSME Clinic to bring services closer to entrepreneurs and foster innovation, employment, and access to resources through direct engagement with key institutions. “MSMEs remain the backbone…

Coca-Cola HBC Acquires Africa Bottling Business for $2.6bn The Coca-Cola Company and Gutsche Family Investments have agreed to sell a 75% controlling interest in Coca-Cola Beverages Africa Pty. Ltd. (CBCA), with a $3.4 billion value, to Coca-Cola HBC AG, the companies announced today. CCBA is the largest Coca-Cola bottler in Africa, with operations spanning 14 countries on the continent, and accounts for about 40% of all Coca-Cola product volume sold across Africa. Coca-Cola HBC is one of the largest Coca-Cola bottlers in the world, with operations in 29 countries across Europe and Africa, including Nigeria and Egypt. Coca-Cola will sell…