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Nigeria’s Non-Oil Exports Hit $3.23bn in First Half of 2025 — NEPC

Nigeria earned $3.225 billion from non-oil exports between January and June 2025, representing a 19.6% increase from the $2.696 billion recorded in the same period last year, according to the Nigerian Export Promotion Council (NEPC). NEPC Executive Secretary, Nonye Ayeni, announced the figures in Abuja, crediting the growth to economic reforms under President Bola Ahmed Tinubu’s Renewed Hope Agenda and the strategic policies of the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole. She also highlighted rising global demand for Nigerian products as a key driver. Export volumes rose to 4.404 million metric tonnes, up from 3.38 million metric tonnes in the first half of 2024. A total of 236 products — including agricultural produce and manufactured goods — were shipped to markets across Africa and other regions during the period. Ayeni described the performance as a reflection of […]

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BUA Foods Becomes Nigeria’s Most Valuable Company with N10.3 Trillion Market Cap

BUA Foods Plc has emerged as Nigeria's most valuable publicly traded company, achieving a historic N10.3 trillion market capitalization following an 8.7% surge in its share price to N574.9. The milestone comes just days after the food processing giant reported its strongest financial performance in six years. The Abdul Samad Rabiu-owned conglomerate overtook MTN Nigeria (N10.1 trillion) and extended its lead over Dangote Cement (N9.74 trillion) to claim the top spot on the Nigerian Exchange. The company's remarkable valuation now exceeds the combined market cap of Nigeria's four largest banks - GTCO, Zenith, UBA, and Access Holdings. Analysts attribute BUA Foods' exceptional performance to its recent financial results showing 36% revenue growth to N913 billion and a return to foreign exchange gains after prolonged losses. The company operates across five key food sectors: sugar, flour, pasta, rice, and edible oils. […]

Stock Market Loses ₦516 Billion Following Prolonged Bullish Rally

Nigerian Stock Market Closes Week in Negative Territory The Nigerian Exchange (NGX) ended Friday's trading session in the red, with key indices declining by 0.56% amid profit-taking activities. Market Performance Snapshot Market Capitalization dropped by ₦516 billion, closing at ₦92.214 trillion (down from ₦92.730 trillion). All-Share Index (ASI) fell by 815.80 points, settling at 145,754.91 (from 146,570.71). Top Gainers & Losers Despite the downturn, market breadth remained positive, with 42 gainers outweighing 29 losers. Top Gainers: Champion Breweries (+10%) – Closed at ₦14.40 Union Dicon Salt (+10%) – Closed at ₦9.90 Universal Insurance (+10%) – Closed at ₦1.10 Guinness Nigeria (+9.99%) – Closed at ₦155.75 AXA Mansard (+9.99%) – Closed at ₦14.64 Top Losers: Abbey Mortgage Bank (-9.87%) – Closed at ₦6.30 Custodian Investment (-8.48%) – Closed at ₦40.45 Deap Capital Management (-7.53%) – Closed at ₦1.35 The Initiates Plc […]

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