Ogochukwu Onwaeze, THEWILL

The Nigerian Exchange Limited (NGX) closed Friday’s session on a bearish note, as market capitalisation fell by ₦262 billion from ₦163.104 trillion at the opening to ₦162.842 trillion at the close.

Alumni of Loyola College, Ibadan, have launched a ₦750 million endowment fund aimed at strengthening the school’s long-term financial sustainability and supporting infrastructure renewal, human capital development and student development.

Airtel Money has set a minimum application of £250 per investor as it opens its retail share offer ahead of its planned listing on the London Stock Exchange.

The data showed that road tax collections fell by N16.22bn, or 40.42 percent, from N40.14bn in 2023 to N23.92bn in 2024 before rebounding by N25.96bn, or 108.53 percent, to N49.88bn in 2025.

According to the report, the system supported about 160,200 jobs across its value chain, comprising 2,989 direct employees and more than 157,200 indirect jobs sustained across sectors including agriculture, logistics, retail, hospitality and distribution.

The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this at a virtual meeting with Special Economic Zones stakeholders in September, as the government moves to modernise the regulatory framework governing the zones and strengthen their contribution to investment and non-oil exports.

The disclosure highlights the substantial financial obligations associated with protecting oil and gas infrastructure against crude oil theft, pipeline vandalism and other disruptions, even as NNPC reported higher production and a 33 percent increase in profit after tax.

Wema Bank Plc has strengthened its support for Nigerian businesses seeking to expand into international markets, following the completion of the second edition of its Wema Export Trade Academy in Lagos.

Nigeria and Indonesia’s bilateral trade has consistently surpassed $3 billion annually, reflecting the growing economic relationship between both countries.

Nigerian billionaire and President of Dangote Group, Aliko Dangote, has blamed local petroleum marketers and international oil companies (IOCs) for protests surrounding his proposed $16 billion refinery in Lamu, Kenya.