Low Govt Patronage Leaves Manufacturers with N1.04trn Unsold Stock   The Manufacturers Association of Nigeria (MAN) has reported that the gross value of unsold inventory in the manufacturing sector rose to N1.04tn in the first half of 2025, representing a 16.05...

NGX Suffers N371bn Loss as Sell-Off Rocks Market   The Nigerian Exchange Limited (NGX) closed on a negative note on Thursday as sell pressure in key stocks dragged the benchmark index lower, leading to a loss of N371 billion in investors’...

Ponzi Schemes Cost Nigerians N316bn - SEC   The Securities and Exchange Commission (SEC) has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that greed and ignorance are sustaining the menace. The Head...

Dangote Slams DAPPMAN, Declines NNPC Refinery Acquisition   The President of the Dangote Group, Alhaji Aliko Dangote, has rejected suggestions that he could buy one of the moribund government refineries instead of expanding the capacity of his refinery from 650,000 barrels...

House of Reps Investigates Banks Over Tax Deductions, Multiple Charges   The House of Representatives has inaugurated an ad-hoc committee to investigate growing concerns over excessive tax deductions from the earnings of civil and public servants, as well as multiple and...

Hafsat Bakari: The Reformer Restoring Global Confidence in Nigeria’s Financial System, by Adagher Tersoo When Nigeria was placed on the Financial Action Task Force (FATF) grey list in 2023, few believed the country could swiftly reverse its fortunes. The designation, a...