Business/Economy

Nigeria’s real estate to hit $2.25tn in 2025 – FG CHIGOZIE AMADI The Minister of Housing and Urban Development, Ahmed Dangiwa, has urged foreign investors at the Saudi Real Estate Forum to seize the vast opportunities...

Tax reform: No to scrapping of TETFUND THE Tertiary Education Trust Fund, the Student Education Loan Fund and other education-related components of the Nigeria Tax Bill 2024 are ill-conceived, regressive, and anti-people to say the...

MTN lifts stock market amid telecommunication 50% tariff hike   Plc’s shares, yesterday, contributed significantly to lift the stock market higher by 0.8 % amid the Nigerian Communications Commission, NCC’s approval of a 50% tariff hike for...

FG releases N22b for payment of accrued pension   The Office of the Accountant General of the Federation, OAGF, has released N22 billion to partially settle unpaid accrued pension rights for retirees of Federal Government Treasury-funded Ministries,...

Unity Bank, AquaEarth partner to advance sustainability practices   Unity Bank Plc said that it has successfully completed a transformative project to strengthen its Environmental, Social, and Governance (ESG) and sustainability framework in partnership with AquaEarth Consulting. This...

Stanbic IBTC launches N148.7bn rights issue on NGX Invest platform   Our collaboration with AquaEarth Consulting has positioned us to not only meet the growing demand for ESG-aligned practices but also play a leading role in...

Manufacturers’ unsold goods topped N1.4trn in 2024 — MAN   High inflation and reduced purchasing power of consumers led to more than N1.4 trillion unsold goods by manufacturers in 2024, the President of the Manufacturers Association of...

‘Inflation has increased,’ Wale Edun supports 50% telecoms tariff hike   CHIGOZIE AMADI Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has backed the 50 per cent hike in telecom tariff, saying inflation should...

Transcorp Power posts 115% pre-tax profit to N305.9bn   Transcorp Power Plc has reported a 115 per cent increase in revenue to N305.9 billion in 2024 financial year from N142.1 billion recorded in 2023. The company’s latest audited results,...

Interest Rate: PFAs raise investment in FGN securities by 17.7% to N13.8trn   CHIGOZIE AMADI In an apparent bid to take advantage of the prevailing high interest rate regime, Pension Fund Administrators, PFAs have increased investment in FGN...