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NGX Index Slips on Profit-Taking in Banking, Industrial Stocks

The Business NG

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The BusinessNG

The Nigerian Exchange (NGX) All-Share Index recorded a decline during Thursday's intraday trading session, driven by heavy selloffs in banking, cement, telecom, and brewery stocks as investors took early profit.

Market analysts described the trend as a sharp reversal from earlier gains recorded in the week, as traders exited positions in major blue-chip equities. Sell-side activity dominated the trading floor, particularly among highand mid-cap stocks.

PLUS D'HISTOIRES DE The Business NG

The Business NG

Despite Losses in 28 State Airports, Ogun Rolls Out Gateway

Only 4 Airport are Profitable - Analysts ValueJet Begins Scheduled Flights October 7 State-Owned Airports in Nigeria Operate at a Loss — NCAA

time to read

1 min

The BusinessNG

The Business NG

Naira to Hit N1,300 by Year-End -BUA Chairman

Chairman of BUA Group, Abdul Samad Rabiu, has expressed confidence that Nigeria's currency could appreciate to between N1,300 and N1,400 per US dollar by December 2025, citing ongoing fiscal and monetary reforms.

time to read

1 min

The BusinessNG

The Business NG

Shoprite Faces Collapse as 25 Branches Shut Down Nationwide

Struggling retail consumer goods giant, Shoprite Nigeria, is fighting to stay afloat as store closures, empty shelves, and mounting financial pressure push the once-thriving supermarket chain closer to collapse, BusinessNG can report.

time to read

1 min

The BusinessNG

The Business NG

Concerns Mount Over PenCom's New Governance Exemptions

The National Pension Commission's (PenCom) newly released Corporate Governance Guidelines for Pension Fund Operators have sparked debate, with critics warning that certain exemptions could weaken board independence in the pension industry.

time to read

1 min

The BusinessNG

The Business NG

14 Banks Scale CBN Capital Test

Fourteen Nigerian banks have already met the Central Bank of Nigeria's (CBN) new capital requirements, marking a major step in the ongoing recapitalisation exercise.

time to read

1 min

The BusinessNG

The Business NG

Natasha Returns to Senate, Says No Apology

Senator Natasha Akpoti-Uduaghan has gone back to the National Assembly after completing a six-month suspension.

time to read

1 min

The BusinessNG

The Business NG

Nigeria's GDP Grows 4.23% on Oil Rebound

Nigeria’s economy expanded by 4.23% year-on-year in the second quarter of 2025, driven by higher crude oil output and a stronger non-oil sector, according to data released by the National Bureau of Statistics (NBS). The figure surpasses the 3.48% growth recorded in Q2 2024.

time to read

1 min

The BusinessNG

The Business NG

Parents Cry Out as Private Schools Hike Fees Nationwide

Parents in Enugu, Lagos, Abuja, and Port Harcourt are raising alarm over steep tuition hikes by private and faith-based schools, with fees rising by as much as 50% this new academic session.

time to read

1 min

The BusinessNG

The Business NG

Tax Reform: How Nigerians' Income May Be Affected in Jan. 2026

Nigerians will soon face a new tax system starting January 1, 2026, aimed at making taxes fairer while encouraging investments and savings.

time to read

1 min

The BusinessNG

The Business NG

'CBN May Cut MPR as Inflation Eases, Naira Stabilizes'

The Central Bank of Nigeria (CBN) is expected to trim its benchmark Monetary Policy Rate (MPR) by 25 to 50 basis points at its 302nd Monetary Policy Committee (MPC) meeting scheduled for September 22-23, 2025, as inflation eases and the naira stabilizes.

time to read

1 min

The BusinessNG

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