Business (Page 16)

  Bearish sentiment weighed on the Nigerian equities market as the All-Share Index (ASI) declined by 1,107.28 points, representing a 0.44 per cent decrease. The ASI fell from 253,990.06 to 252,882.78, indicating mild profit-taking following the previous session’s strong advance, although the index remained above the 250,000-point threshold. Consequently, equityContinue Reading

 …Ban roadblock for collection At least 21 states have adopted a model law that cuts multiple taxation and bans the collection of taxes and levies at roadblocks as offenders now risk a jail terms. The executive secretary of the Joint Revenue Board (JRB), Olusegun Adesokan, disclosed this at a mediaContinue Reading

The Federal Ministry of Housing and Urban Development, in partnership with Harmony Gardens & Estate Development Limited, is set to hold the groundbreaking ceremony for a 5,000-unit housing development in Ibeju-Lekki, Lagos State, on Friday, October 30, 2026. The project, which falls under the Renewed Hope Housing Development Initiative andContinue Reading

Guaranty Trust Holding Company (GTCO) Plc has posted a profit before tax of N879.9 billion for the nine months ended September 30, 2026. The Group disclosed this in its unaudited consolidated and separate financial statements as of September 30, 2026, released to the Nigerian Exchange Group (NGX) and London StockContinue Reading

The federal government has cleared all outstanding pension liabilities amounting to N758 billion, some dating back almost two decades, the National Pension Commission (PenCom) has said. The director-general of PenCom, Ms. Omolola Oloworaran, disclosed this on Tuesday in Abuja at the Senior Citizens Day of the maiden National Pension WeekContinue Reading

  President and chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Donkor, has called for stronger regional development finance and greater mobilisation of public and private capital to accelerate West Africa’s transformation. Speaking at a High-Level Hard Talk session at theContinue Reading

The development of the Lagos-Calabar Coastal Highway is opening up new real estate investment opportunities along the Victoria Island waterfront, with property developers increasingly targeting premium residential and mixed-use projects across the coastal corridor. The stretch, extending from Ahmadu Bello Way through Eko Atlantic City and Oniru to the BluewaterContinue Reading