Sunday, October 18

Business

US exports to Nigeria jump 60% amid Trump tariff

The United States recorded a $1.45bn goods trade surplus with Nigeria in the first 10 months of 2025, reversing a deficit position from the previous year, as US exports to Nigeria surged while imports from Nigeria declined, the latest US…

Equities decline as NGX sheds N394bn in weekly trading

The Nigerian equities market experienced a sharp pullback last week as investors engaged in profit-taking, causing the Nigerian Exchange Limited to lose N394bn in market capitalisation. Market activity slowed compared with the previous week as cautious sentiment gripped both retail…

Bitcoin Gets the Macro Bug as ,000 Comes Into Play

Bitcoin (BTC) saw multiday lows into Sunday’s weekly close as bulls faced a week of macro uncertainty.Key points:Bitcoin heads lower as market nerves about upcoming macroeconomic volatility catalysts boil over.Downside risks firmly outweigh the odds of upside, BTC price analysis…

NEM Insurance eyes ₦11.7bn profit in Q1 2026

NEM Insurance Plc has projected a strong financial performance for the first quarter of 2026, with profit after tax expected to reach ₦11.71 billion, as the company sustains its growth momentum in Nigeria’s insurance market. In its first-quarter 2026 forecast…

Tezos Upgrades to Tallinn, Block Times Fall to 6 Seconds

Tezos, a layer-1 proof-of-stake blockchain network, implemented its latest protocol upgrade, Tallinn, on Saturday, which reduced block times on the base layer to 6 seconds. The latest upgrade is the 20th update to the protocol, which reduces block times, slashes…

LIRS warns against fake transactions to avoid tax

The Lagos State Internal Revenue Service has warned taxpayers against engaging in artificial or fictitious transactions designed to reduce tax liabilities. According to LIRS, such arrangements will be disregarded under the Nigeria Tax Administration Act (NTAA), 2025, and may expose…

ARK Invest Buys Coinbase, Circle and Bullish as Crypto Stocks Slide

Cathie Wood’s ARK Invest has increased its exposure to crypto-linked equities, adding shares of Coinbase, Circle and Bullish as prices slid across the sector.According to ARK’s daily trade disclosures for Friday, the ARK Innovation ETF (ARKK) purchased 38,854 shares of…

Colombia Pension Giant AFP Protección Adds Bitcoin Exposure

Colombia’s second-largest private pension and severance fund manager, AFP Protección, is preparing to launch an investment fund with exposure to Bitcoin.Juan David Correa, president of Protección SA, confirmed the initiative during an interview with local outlet Valora Analitik. According to…

Firm drives festive sales with consumer campaign

Peak Milk has concluded its 2025 Christmas campaign, tagged “Enjoy Christmas At Its Peak,” as part of its strategy to strengthen consumer engagement and reinforce its positioning in Nigeria’s competitive dairy market during the peak festive period. The campaign, according…

‘Delayed budgets complicate planning, undermine confidence’

A member of the Monetary Policy Committee of the Central Bank of Nigeria, Aloysius Uche Ordu, has warned that persistent delays in fiscal reporting, particularly by state governments, are obscuring policy assessment, undermining transparency, and discouraging investment across the country.…

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