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The Business NG - June 30, 2025

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Bu sayıda

BusinessNG Editorial Focus – June 30, 2025

As Nigeria’s public debt balloons past ₦144.7 trillion—up over 1,000% since 2015—BusinessNG turns its editorial spotlight on the nation’s deepening debt crisis. With the Tinubu administration pursuing another $21.5 billion in external loans, alongside yen and euro facilities, concerns about long-term fiscal sustainability and a looming sovereign default are mounting. Our June 30 edition dissects the implications of this borrowing spree, the widening debt-service burden, and its impact on inflation, public investment, and currency stability. We also explore credible alternatives to debt dependency and provide expert insight into how Nigeria can regain control of its fiscal future.

Fubara Disowns 2027 Campaign Gear, Says He Wants Peace

Suspended Rivers State Governor, Siminalayi Fubara, has denied authorising the production of campaign materials bearing his name ahead of the 2027 general elections.

1 mins

Heavyweight Stocks Lift NGX as Market Gains N1.4trn in One Week

The Nigerian stock market closed the week of June 27, 2025, on a bullish note, as the All-Share Index (ASI) advanced by 1.57%, gaining 1,857.54 points to close at 119,995.76.

1 mins

Fidelity Bank Joins N1trn Club After Share Price

Fidelity Bank has crossed a major milestone, with its market capitalisation surpassing the N1 trillion mark following a recent uptick in its share price on the Nigerian Exchange Group (NGX).

1 mins

TAJBank Rewards Shareholders, Posts 84% Asset Growth

TAJBank Limited, Nigeria's fastest-growing non-interest lender, has once again rewarded its shareholders with a 20 kobo per share dividend for the 2024 financial year, marking the third such payout in just five years of operation.

1 mins

Osun APC guber ticket: Aspirants emerge, battle lines drawn

With the 2026 Osun gubernatorial contest, slated for Saturday, August 8, 2026, it is not surprising that the jockeying to win the governorship ticket, especially for the All Progressives Congress (APC) is on. OF course, the incumbent governor will clinch the ticket of his party, the People’s Democratic Party (PDP). So, all eyes and interests would be on the APC.

5 mins

Afreximbank's Financing to Nigeria Surpasses $50bn - Edun

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the African Export-Import Bank (Afreximbank) has extended more than $50 billion in financing support to Nigeria over the years.

1 mins

Ecobank Unveils Premier Banking Hub for HNIs

Ecobank Nigeria has launched a new flagship branch tailored exclusively for its Premier Banking clients, further strengthening its commitment to high-net-worth individuals (HNIs).

1 mins

Stanbic IBTC Strengthens Regulatory, Customer Relations with Strategic Trade Forum

In a move to bolster trade relations and regulatory alignment, Stanbic IBTC Bank Plc has hosted a high-level strategic trade forum that brought together key stakeholders from regulatory bodies, the private sector, and international trade experts.

1 mins

Experts Urge Nigerian PFAs to Shift Billions into Climate, Infrastructure Assets

Top financial experts and development partners have called on Nigerian Pension Fund Administrators (PFAs) to redirect a significant portion of their $15.1 billion assets into climate and infrastructure investments, warning that continued over-reliance on traditional asset classes is limiting both returns and national development potential.

2 mins

NGX Dips Below 120,000 as Zenith Leads Trading, JAPAULGOLD Tops Volume

The Nigerian stock market closed in the red on June 27, 2025, as the All-Share Index (ASI) dipped by 0.64% to settle at 119,995.76 points—shedding 776.92 points from the previous day's close of 120,772.68.

1 mins

Conoil's Profit Slumps 93% as Debt Surpasses Equity

Conoil Plc's Q1 2025 results paint a troubling picture.

1 mins

Total Energies' Profit Plunges 93% in Q1 as Core Fuel Business Falters

Total Energies Marketing Nigeria Plc started 2025 on a disappointing note, recording a sharp reversal from its record 2024 performance.

1 mins

SEC Warns Nigerians: Value Growth Platform Is Likely a Ponzi Scheme

The Securities and Exchange Commission (SEC) has issued a public alert against Value Growth Platform, an online investment outfit it describes as a suspected Ponzi scheme masquerading as a legitimate financial service provider.

1 mins

Naira Gains Ground as FX Turnover Hits $324 Million

The naira recorded a modest appreciation at the official foreign exchange (FX) window last week, buoyed by a significant surge in US dollar turnover.

1 mins

PDP Can Win Ekiti in 2026—Ogun Warns Against NWC Crisis

Former Ekiti State Commissioner for Works and Peoples Democratic Party (PDP) governorship aspirant, Mrs. Funmi Ogun, has expressed strong optimism about the party's prospects in the June 2026 gubernatorial election, stating that victory is attainable—if internal divisions are resolved in time.

1 mins

Tinubu Will Win South East in 2027 - Pro-APC Group Declares

A political support group, South East Renewed Hope Agenda (SERHA), has expressed confidence that President Bola Tinubu will secure sweeping electoral victories across the South East in the 2027 presidential election, reversing the region's long-standing trend of voting against the All Progressives Congress (APC).

1 mins

We're Awaiting Kwankwaso's Next Move – Jigawa NNPP

Amid growing speculation of a possible political merger ahead of the 2027 general election, the New Nigeria Peoples Party (NNPP) in Jigawa State says it is fully aligned with the leadership of its national leader, Dr. Rabiu Musa Kwankwaso, and is awaiting his directive on the party's next steps.

1 mins

Ogun PDP Will Reclaim Power in 2027 — Tella

The Ogun State Chairman of the Peoples Democratic Party (PDP), Comrade Abayomi Tella, has declared that the party is well-positioned to reclaim power in the 2027 governorship election, despite recent defections to the ruling All Progressives Congress (APC).

1 mins

Jonathan: Why I Refused to Flee Aso Rock During Yar'Adua Health Crisis

Former President Goodluck Jonathan has revealed that he was advised to vacate the Presidential Villa during the political uncertainty that followed President Umaru Musa Yar'Adua's illness, but he refused, opting instead to stay and face any consequences.

1 mins

Shell Shuts Down Rumors of BP Takeover Talks

UK energy giant Shell (LON: SHEL) has officially denied reports suggesting it is in early-stage discussions to acquire its long-time rival, BP (NYSE: BP).

1 mins

NNPC Alleges Sabotage as Reform Tensions Escalate

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has raised alarm over what it describes as a coordinated sabotage campaign by both internal and external actors bent on undermining ongoing reforms in the state-owned oil company.

2 mins

Dangote's CNG Truck Fleet Is a Survival Strategy, Not Just Innovation - Expert

Financial analyst and former bank CEO, Chika Mbonu, has described Dangote Group's rollout of 4,000 Compressed Natural Gas (CNG) trucks as a “fight for survival,” revealing that the move was driven by alleged attempts by competitors to frustrate product distribution from the $20 billion Dangote Refinery.

1 mins

Dangote to List $20bn Refinery on NGX by 2026

Africa’s largest refinery, the $20 billion Dangote Oil Refinery, is set to debut on the Nigerian Exchange (NGX) by the end of 2026, according to Aliko Dangote, President of the Dangote Group.

2 mins

Lassa Fever Kills 145 Nigerians in 2025, Ondo Leads Outbreak

The Nigeria Centre for Disease Control and Prevention (NCDC) has confirmed 145 deaths from Lassa fever so far in 2025, with 766 cases confirmed out of 5,678 suspected infections across 18 states.

1 mins

Experts Warn of Health Crisis from Excess Salt, Demand Food Label Reforms

Nigeria is facing a growing public health crisis driven by excessive sodium consumption, which medical experts say is fueling a surge in hypertension, stroke, and heart disease.

1 mins

Kwara Rallies Youth in Drug-Free Walk, Warns Offenders

The Kwara State Government has intensified its anti-drug abuse campaign with a drug-free endurance walk held in Ilorin to mark World Drug Day 2025, warning that substance abuse poses a major threat to societal peace and development.

1 mins

UN: Global Drug Use Surges to 316m, Cocaine Market Expands Fastest

A new United Nations report has revealed a dramatic rise in global drug use, with 316 million people—roughly 6% of the world’s population aged 15-64—using drugs in 2023.

1 mins

Kogi Poly Expels 273 Students Over Poor Results, Exam Fraud

The management of Kogi State Polytechnic, Lokoja, has withdrawn 273 students over poor academic performance, while six others have been expelled for involvement in examination malpractice, the institution announced on Monday.

1 mins

Obi Slams FG Over School Strike, Says Infrastructure Can't Replace Education

Former Labour Party presidential candidate, Peter Obi, has criticised the federal government for prioritising infrastructure upgrades in the Federal Capital Territory (FCT) while thousands of public primary school pupils remain out of school due to a prolonged teachers' strike.

1 mins

Tinubu Hails Adeniyi's Historic WCO Appointment

President Bola Ahmed Tinubu has congratulated the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, on his unanimous election as Chairperson of the World Customs Organization (WCO) Council.

1 mins

Corruption, System Failures Stall Apapa E-Call-Up Scheme

Apapa’s notorious gridlock is back with a vengeance, despite multimillion-naira investments in the electronic truck call-up system (ETO)

2 mins

Shippers' Council, UNILAG Partner to Boost Blue Economy Talent

In a strategic move to bolster human capital in Nigeria's maritime and blue economy sectors, the Nigerian Shippers' Council (NSC) has announced plans to collaborate with the University of Lagos (UNILAG) through its Institute of Maritime Studies and Department of Commercial and Industrial Law.

1 mins

Apapa Customs Chief to Visit NAGAFF July 1

In a strategic push to strengthen collaboration and promote harmony within Nigeria's maritime sector, Comptroller Babatunde Olomu, PhD, head of the Apapa Area Command of the Nigeria Customs Service (NCS), will visit the headquarters of the National Association of Government Approved Freight Forwarders (NAGAFF) on Tuesday, July 1, 2025.

1 mins

SCAN Raises Alarm Over Marine Debris Crisis

The Shipping Correspondents' Association of Nigeria (SCAN) has called on the Federal Government to take urgent action to combat the escalating crisis of marine debris, which it says poses a serious threat to Nigeria's maritime industry, marine ecosystems, and coastal communities.

1 mins

Ogbe: High Input Costs, Insecurity Hindering Youth in Agriculture

Former Minister of Agriculture and Rural Development, Chief Audu Ogbe, has lamented that high costs of farming inputs, insecurity, and poor infrastructure are making agriculture increasingly unattractive—especially for Nigerian youth.

1 mins

Rising Scavenger Crisis Fuels Security Fears in Abuja

The growing presence of scavengers, commonly known as Baba Boola, in Abuja and its satellite towns is stirring anxiety among residents, who say the situation is fast becoming a security emergency. From Mararaba and Nyanya to Karu, Lugbe, and Kubwa, these informal waste pickers are increasingly blamed for theft, burglary, and aiding criminal networks.

2 mins

Saudi Approval Delay Stalls Dantata's Burial in Madina

The burial plans for late elder statesman and business magnate, Aminu Dantata, have been delayed due to pending approvals from Saudi Arabian authorities, his family has revealed.

1 mins

NJC Dismisses Petitions Against Kano Judges

The National Judicial Council (NJC) has dismissed petitions filed by Abdullahi Baffa Bichi against two Federal High Court judges sitting in Kano, citing lack of merit.

1 mins

Kebbi PDP Backs Coalition to Oust APC in 2027

The Peoples Democratic Party (PDP) in Kebbi State has announced its willingness to join forces with other political parties in a grand coalition aimed at removing the ruling All Progressives Congress (APC) from power in the 2027 general elections.

1 mins

Chelsea Seal Deal for Dortmund’s Jamie Gittens

Chelsea have completed a deal to sign Jamie Gittens from Borussia Dortmund, bringing the highly-rated winger back to Stamford Bridge in a significant summer transfer.

1 mins

Leipzig Slash Asking Price for Arsenal Target Sesko

RB Leipzig have lowered their asking price for sought-after striker Benjamin Sesko, setting a more attainable transfer fee of around €70 million (£60m), according to BILD.

1 mins

Lookman Set for Surprise Arsenal Switch as Atalanta Line Up Replacement

Ademola Lookman could be heading back to the Premier League, with Arsenal reportedly in advanced talks to sign the Nigerian international from Serie A club Atalanta.

1 mins

Rashford Rejects Three Premier League Clubs Amid Barcelona Interest

Manchester United forward Marcus Rashford has reportedly turned down offers from three Premier League clubs — Chelsea, Newcastle, and Aston Villa — as he seeks a fresh start away from Old Trafford.

1 mins

Cristiano Ronaldo Backs Jorge Jesus as New Al Nassr Manager

Al Nassr have officially appointed Jorge Jesus as their new head coach, with the backing of Portuguese superstar Cristiano Ronaldo, who played a key role in approving the decision.

1 mins

NGX Banks on Dangote Fertiliser to Power Market Revival

The Nigerian Exchange Group (NGX Group) is gearing up for what could become the most significant listing on the Nigerian capital market in years: Dangote Fertiliser Limited.

5 mins

Tüm Hikayeleri Oku The Business NG

The Business NG Description:

Yayımcı: Tuns-Media-&-Comm-Enterprise

Kategori: Newspaper

Dil: English

Sıklık: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level