Nairametrics

Daily NGX Market Highlights (24TH OCTOBER 2025) For more expert market analysis and stock insights, follow @nairametrics. #NGXUpdate #StockMarketNews #FinancialUpdates #Nairametrics #StockWatch #gainersandlosers

The newly appointed President of the African Export-Import Bank (Afreximbank), George Elombi, has lauded the institution’s remarkable transformation, announcing that its total assets have surged to $40 billion, up from just $6 billion a decade ago. Speaking at the Farewell Conference and Investiture Ceremony held in Egypt’s New Administrative Capital, Elombi described Afreximbank’s growth trajectory as a defining moment in Africa’s economic history. Elombi said that Afreximbank had evolved “from a relatively small institution with only $6 billion in assets, and just $105 million a few years earlier to over $40 billion today.” Click on https://lnkd.in/eMXJjvXa to read more.

Breaking: FATF removes Nigeria from grey list, boosting investor confidence Global watchdog, Financial Action Task Force, on Friday said it has removed Nigeria from its grey list, ending nearly three years of being tagged a destination for dirty money and signaling a boost for investor confidence in the nation’s economy. Nigeria was removed from the list alongside South Africa, Burkina Faso, and Mozambique after their governments stepped up efforts to combat money laundering and terrorist financing. South Africa and Nigeria landed on the grey list in February 2023, while Mozambique was added in October 2022 and Burkina Faso was originally designated in February 2021. Click on https://lnkd.in/e4uBMbpE to read more.

Breaking: President Tinubu sacks service chiefs, appoints new military leadership President Bola Tinubu has sacked several top military officials in a major reshuffle aimed at strengthening Nigeria’s national security architecture. The disclosure was contained in a statement by Sunday Dare, Special Adviser to the President on Media and Public Communication. The changes take immediate effect. General Olufemi Oluyede has been appointed as the new Chief of Defence Staff, replacing General Christopher Musa. Major-General W. Shaibu was named Chief of Army Staff, Air Vice Marshal S.K. Aneke is the new Chief of Air Staff, and Rear Admiral I. Abbas takes over as Chief of Naval Staff. Chief of Defence Intelligence Major-General E.A.P. Undiendeye retains his position. Click on https://lnkd.in/eqmm6Bts to read more.

Nigerian National Petroleum Company Limited (NNPC Ltd.) has congratulated President Bola Ahmed Tinubu following the election of Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, as Chairman, and Dr. Philip Mshelbila, Managing Director of Nigeria LNG Ltd., as Secretary-General of the Gas Exporting Countries Forum (GECF). NNPC Ltd. described the development as a historic milestone that underscores Nigeria’s growing influence in the global energy landscape and reaffirms the Federal Government’s commitment to positioning natural gas as a key driver of industrialization and economic growth. Dr. Mshelbila’s election, announced at the 27th GECF Ministerial Meeting in Doha, Qatar, marks Nigeria’s continued leadership in advancing gas-based development strategies across Africa and beyond. Click on https://lnkd.in/e4uBMbpE to read more.

New Episode Alert! It’s time for Drinks & Mics! Grab a drink, pull up a seat, and get ready for sharp insights, real talk, and thought-provoking takes that will leave you informed and inspired! 💫 Don’t miss it! Set a reminder and tune in live on YouTube https://lnkd.in/dzVgR9tJ #DrinksAndMics #NairametricsTV #NewEpisode #FinanceTalk #FridayVibes #BusinessInsights

Africa Prudential Plc's Nine Months 2025 results are in. A +53.47% increase in both Pre-tax Profit and Profit After Tax year-over-year. See the full breakdown of their financial performance! Click on https://lnkd.in/e4uBMbpE to read more.