Renewed Investors’ Confidence Raises Nigerian Market Capitalisation to N138.8tn in First Eight Months of 2025 Kayode Tokede Nigeria’s capital market has been riding the wave of renewed investors’ confidence in the
Nigerian economy in 2025, with overall market capitalisation on the Nigerian Exchange Limited (NGX) surging to N138.8 trillion at the end of August, an impressive leap
from N109.27 trillion in December 2024, report by NGX. The growth, amounting to N29.5 trillion in just eight months, was a reflection of the combined
performance of equities, debts, and Exchange Traded Funds (ETFs). The rally is being driven by sweeping macroeconomic reforms. The Central Bank of
Nigeria’s (CBN) foreign exchange liberalisation, the federal government’s removal of fuel subsidy, banking sector recapitalisation, and robust
corporate earnings have all combined to rekindle both local and foreign investors’ appetite. Continued on page 5
NLC Backs NUPENG’s Strike as Tanker Drivers Reject Industrial Action… Page 8 Sunday, September 7, 2025 Vol 30. No 11109
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In Health Advisory, NCDC Allays Fears of Ebola Disease, Says No Case of Outbreak in Nigeria, Urges Vigilance…Page 6
2027: APC Desperately Plotting to Infiltrate Our Ranks, Hijack Our Structures, Labour Party Cries Out Chuks Okocha in Abuja
Ahead of the 2027 general election, the Senator Nenadi Usman-led
Labour Party (LP) has cried out over what it described as a desperate plot by the ruling All Progressives Congress (APC) to
hijack its structures by infiltrating its ranks. It also criticised President Bola Tinubu’s seemingly unending love
for foreign travels amidst Nigeria’s growing security and economic challenges. Interim National Publicity
Secretary of the party, Tony Akeni, said this yesterday in a telephone interview with THISDAY. Akeni explained that
information reaching the party’s headquarters from various states Continued on page 5
PDP Govs, Wike’s Loyalists in Battle Over Chairmanship, Secretary See story on page 5
Governors may settle for Shekarau, FCT minister’s camp pushes for Ortom
SIXTY-FIVE HEARTY CHEERS...
L-R: Daughter of the celebrant, Simisola Awoniyi; Celebrant and former Deputy Governor of Kogi State, Abayomi Sunday Benjamin Awoniyi; his wife, Tokunbo; Daughter, Yewande; and Son, Muyiwa, during the cutting of the cake to celebrate Awoniyi’s 65th birthday in Lagos...weekend PHOTO: ABIODUN AJALA