By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
Nigeria News
Nigeria–EU Business Forum Holds Landmark Edition In Lagos
Senior government officials, global investors, and business leaders gathered in Lagos for the Nigeria–EU Business Forum. The event aims to unlock new investment deals and expand trade opportunities between Nigeria and European markets. The EU Ambassador said the forum is turning economic ambition into tangible results.
Ogun Customs Records Revenue And Seizures In Recent Months
The Ogun I Area Command of the Nigeria Customs Service generated revenue and seized smuggled goods with a duty paid value between April and late June. Speaking during a press briefing in Idiroko on Wednesday, the Acting Customs Area Controller confirmed the seizures.
Former Benue Governor Challenges Current Governor To Public Debate
Former Benue State Governor Samuel Ortom challenged Governor Hyacinth Alia to a public debate over management of state resources. He accused the administration of poor governance and financial mismanagement.
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Dangote Refinery Dismisses Claims Of Togo Export And Re-Import
Dangote Petroleum Refinery and Petrochemicals dismissed allegations that its petroleum products are exported to Lomé, Togo, and subsequently re-imported into Nigeria, describing the claims as false and misleading.
NMDPRA Approves Fresh Fuel Import Permits For Marketers
The Nigerian Midstream and Downstream Petroleum Regulatory Authority issued new approvals to selected marketers for the third quarter, covering the importation of fuel as concerns grow over domestic supply level.
Anambra State Government Demolishes Shops At Onitsha Main Market
The Anambra State Government moved in with bulldozers to demolish shops at Onitsha Main Market. The government claimed the shops were illegal and not authorised.
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African Mining Week To Highlight Nigeria’s Project Pipeline
African Mining Week, set for Cape Town later this year, will feature dedicated sessions on Nigeria’s expanding mining investments. The event will connect international investors with Nigerian policymakers and mining companies.
Nigeria Deepens Mining Partnership With Turkey
A partnership deal signed with Turkey is expected to support cooperation in geological exploration, mining technologies, and capacity building. The agreement aims to create new opportunities for Turkish investment across Nigeria’s mining value chain.
Nigeria Overtakes Morocco In Africa’s Stock Market Ranking
New data shows the Nigerian Exchange has moved up in continental rankings, now positioned behind only South Africa’s Johannesburg Stock Exchange. The shift follows a long rally driven by banking sector repricing and foreign exchange reforms.
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FTSE Russell Confirmed Nigeria’s Return To Frontier Market Status
Global index provider FTSE Russell confirmed Nigeria’s return to Frontier Market status earlier this year. The change means global index-tracking funds are now required to allocate capital back into Nigerian equities.
Foreign Investment Inflows Into Nigeria Increase
Foreign investment inflows into Nigeria have grown compared to recent years, following Central Bank reforms that closed the gap between official and parallel exchange rates. Analysts say capital flows are signaling renewed confidence.
Global Central Banks Hold Steady Amid Energy Disruption
Major central banks are expected to hold steady as the disruption in the Strait of Hormuz lifts energy prices and tests the inflation path that authorities have managed through the year.
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Nigerian Equities Market Extends Rally On Renewed Buying Interest
Wednesday’s equity session closed constructively, with investors gaining as stocks advanced against decliners. Airtel Africa traded above its year-high, reflecting sustained institutional appetite.
Market Liquidity Tightens As NGX Value Declines
Earlier this week, market liquidity tightened as the overall value of the Nigerian Exchange declined. The benchmark downward pull was partially expected due to key price adjustments for cash dividends.
NGX Implements Trading Suspension On Fortis Global Insurance
The Exchange implemented a full trading suspension on the shares of Fortis Global Insurance effective mid-June. The regulatory freeze was enacted to enable reconciliation for a proposed share reconstruction framework.
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NGX Derivatives Market Lists New Futures Contracts
The Nigerian Exchange derivatives market recorded growth with the official listing of new underlying index futures contracts. The contracts provide institutional investors with a hedging mechanism against ongoing equity market volatility.
Analysts Urge Cautious Trading In Nigerian Equities For June
Capital market analysts have urged investors to trade cautiously in the Nigerian equities market in June, shifting focus to fundamentally strong stocks with attractive valuations.
NAHCO Aviance Extends Contracts With International Airlines
Nigerian Aviation Handling Company Plc, NAHCO Aviance, has extended its contract with Qatar Airways, Saudia Airlines and ASKY.
FIFA World Cup Group Stage Heads Into Decisive Round
The FIFA World Cup group stage is heading into its decisive final round, with several countries facing the prospect of an early exit if results do not go their way.
Tobi Amusan And Favour Ashe Headline Team Nigeria For African Championship
World Record holder in women’s hurdles, Tobi Amusan, and returning sprinter, Favour Ashe, are at the top of the list of Nigerian athletes to represent the country at the African Championship in Ghana.
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