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Nigeria’s Stock Market Plumps as Investors Lose N2.8trn

Bearish sentiment was sustained on the Nigerian Exchange Limited over the past week, leading to the market closing in the red, with investors losing N2.84tn, a 2.90 per cent decline in market capitalisation.

Nigeria to Establish Aircraft Leasing Company

The minister of aviation and aerospace development, Festus Keyamo, says the federal government is set to establish a Nigerian aircraft leasing company to ease aircraft acquisition challenges faced by domestic carriers.

Pension Fund Investment in FG Securities Rise to N15.8 trn

Pension Fund’s investments in Federal Government (FG) securities rose by 18.1% Year-on-Year, YoY, in eight months, ended August 2025 to N15.824 trillion from N13.396 trillion recorded in the corresponding period of 2024.

FG Secures 90 hectares for Moniya Dry Port Project in Oyo

The Federal Government has received 90 hectares of land from the Oyo State government to build the Moniya Inland Dry Port in a bold move to expand the country’s maritime infrastructure and decongest seaports.

NIMASA Approves 27 Shipyards to Operate in Nigeria

The Nigerian Maritime Administration and Safety Agency (NIMASA) has accredited 27 registered shipyards across the country.

Nigeria, World Bank Begin Talks on $1bn Loan

Nigeria has opened discussions with the World Bank for a new $1 billion facility aimed at driving private investment, job creation, and economic diversification.