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President Tinubu Applauds NGX N100 trillion milestone, charges Nigerians To Invest More Locally

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President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX).

 

President Tinubu described this record achievement as an inspiration for the investing public operating in the money and capital markets.

 

He urged Nigerians to deepen their investments in the local economy, assuring that 2026 will yield even greater returns as his administration’s economic reforms continue to deliver stronger outcomes.

 

“With the Nigerian Exchange (NGX) crossing the historic N100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation.

 

“In 2025, while many of the world’s markets struggled with stagnation or tepid recovery, the NGX All-Share Index was on the ascent. It closed 2025 with a 51.19% return, higher than the 37.65% recorded in 2024. This performance ranks among the highest in the world. Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group.

 

“Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered. As the stock market reflects the entire economy, its stellar performance is a significant indicator of the country’s economic health and the confidence investors have in our economy

 

“On the NGX, we have witnessed remarkable performances from listed companies across all sectors. From blue-chip industrial giants that have localised their supply chains, to a banking sector that has demonstrated resilience and technological innovation, Nigerian companies are proving that the country can deliver strong returns on investment.

 

“And we are just getting started. The pipeline for new and upcoming listings looks robust. More indigenous energy firms, tech unicorns, telecoms, and infrastructure-heavy entities are seeking to access the public market to fund their expansion. As these firms are listed, they will boost market capitalisation and deepen democratic ownership of the Nigerian economy.

 

“We are not celebrating the superlative stock market performance in isolation. We are also celebrating the microeconomic effects of our reforms. After the initial headwinds that followed our reforms, we are finally seeing a bend in the inflation curve. Crucial monetary tightening and the removal of distortionary ‘Ways and Means’ financing have restored stability to the Naira. Furthermore, investments in the agriculture sector have contributed to a consistent decline in inflation over the past eight months. From a 24-month high of 34.8% in December 2024, inflation decelerated to 14.45% as of November 2025, with projections indicating it will reach 12% in 2026. Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians.

 

“Also noteworthy is the status of our nation’s current account, a valid measure of our overall economic health. In 2024, Nigeria posted a surplus of $16 billion. According to the Central Bank of Nigeria (CBN), our current account balance is projected to rise to $18.81 billion in 2026, up from $16.94 billion in 2025.

 

“Under our administration, Nigeria is exporting more and importing less of what we can produce locally. Non-oil exports surged by 48% by the third quarter of 2025, totalling N9.2 trillion. Exports to Africa alone rose by 97% to N4.9 trillion. Manufacturing exports increased by 67% year-on-year in the second quarter of 2025, suggesting a strong close to the year.

 

“Nigeria’s foreign reserves have crossed the $45 billion mark, giving the Central Bank the firepower to maintain stability. The Naira has stabilised, moving away from the volatility that once fuelled speculation. The Central Bank of Nigeria, in its latest outlook, projects foreign reserves will cross the $50 billion threshold in the first quarter of 2026.

 

“We are also seeing an expansion of the rail networks, the completion of major arterial roads and the revitalisation of our ports. With the transformative Lagos-Calabar and Sokoto-Badagry superhighways, the nation’s infrastructure is growing.

 

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund (NELFUND), and universities are receiving increased research grants.

 

“Nation-building is a process, not a destination. Hard work, sacrifices, and the focus of its citizens build a nation. The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive.

 

“As your leader, I pledge to continue working unrelentingly to build an egalitarian, transparent, and high-growth economy that will be further catalysed by the historic tax and fiscal reforms that came into full implementation from January 1,” President Tinubu said.

 

Bayo Onanuga

 

Special Adviser to the President

 

(Information and Strategy)

 

January 8, 2026

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BREAKING NEWS: UZODIMMA RESUSCITATES ALEX ALUMINUM EXTRUSION INDUSTRY LTD. AFTER STATE TAKEOVER — Commercial Production Begins Tomorrow

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By Ambrose Nwaogwugwu | December 23, 2025

The Imo State Government has formally flagged off the resumption of production at the Imo Aluminum Extrusion Industries Limited, ALEX, Inyishi, Ikeduru Local Government Area, marking the full revival of one of the state’s most historic industrial assets.

Speaking at the event on Tuesday, the Honourable Commissioner for Trade, Commerce and Investment, Chief Barrister Rex C. Anunobi, described the occasion as a defining moment in the state’s industrial rebirth.

He recalled that ALEX was established in 1983 under the administration of the late Chief Samuel Onunaka Mbakwe and once stood as a leading producer of aluminum longspan, profiles, and accessories across Nigeria, operating profitably at full capacity for many years.

Chief Anunobi said the industry later fell into decline due to poor and fraudulent management by its former technical partners, Tower Aluminium Plc and its foreign collaborators, who abandoned the company in a moribund state. The development, he noted, placed over 200 workers, largely Imo indigenes, at the risk of job loss and economic hardship.

He stated that the intervention of Governor Hope Uzodimma, CON, followed a detailed briefing on the near collapse of the company. According to him, the Governor moved swiftly to prevent total extinction, leading to the state takeover and eventual resuscitation of the facility. He praised the Governor for succeeding where previous administrations failed to act.

The Commissioner further commended the indigenous management staff, workers, and the host Inyishi community for protecting the company’s equipment during the years of inactivity, noting that their discipline and loyalty played a key role in the successful revival. He urged staff to cooperate fully with the new management, assuring them that the state government would continue to prioritize their welfare.

Chief Anunobi also disclosed that the Ministry of Trade, Commerce and Investment has begun engaging other government ministries and agencies to patronize ALEX for their construction needs, as part of efforts to guarantee steady demand and sustained production.

In a related development, the Acting Managing Director of ALEX, Sir Amaihe Levi, announced that the company will commence full commercial production from tomorrow, following today’s official flag-off by the Imo State Government.

He expressed confidence that the revived plant would once again deliver high-quality aluminum products to the market and contribute meaningfully to employment and industrial growth in the state.

The revival of ALEX adds to the growing list of state-owned assets restored under the Uzodimma administration, reinforcing the government’s focus on industrialization, job creation, and economic self-reliance in Imo State.

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“If you are called and destined to be a minister of God, if you like, take up a job at the Central Bank, you will not be successful until you answer the call.”- pa Nweze Edmund Echendu

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Veteran gospel musician, Pa Nweze Edmund Echendu, has shared deep revelation and cultural insights into destiny and spiritual calling. He made comparisons between the Igbo Agwu and divine calling to be gospel minister.

According to Pa Nweze, in Igbo land, Agwu represents a spiritual mantle or ancestral calling that runs in certain families. He explained that when such a calling exists in a lineage, an individual chosen to bear it cannot thrive in life until the mantle is accepted and embraced.

“In Igbo land, there is what we call Agwu. Anybody it is meant for in a family is expected to take up that mantle,” he said. “Even if the person goes to work at the World Bank, he will not be successful until he comes back to answer that call.”

Pa Nweze likened this traditional belief to the Christian understanding of divine calling, noting that a person called by God into ministry may also struggle in life until they obey and answer that call.

He further shared his personal experience as a testimony of destiny alignment. Before venturing into music, the gospel singer said he was engaged in the transportation business, a venture that ended in repeated losses.

“Before I started music, I did transportation business, but I didn’t succeed in it. All my buses were destroyed on the road,” he recounted.

Following these setbacks, Pa Nweze said he began to experience recurring dreams that revealed his true calling. According to him, people appeared to him in dreams, telling him he was destined to be a musician.

In one particularly striking experience, he said he saw birds singing to him in his dream.
“That was how I knew that music is my destiny,” he said.

 

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Dangote Threatens Kaduna Businessman, Kailani Mohammed With N100bn Lawsuit

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Dangote

The President of Dangote Group, Dr. Aliko Dangote, has given Kaduna-based businessman Kailani Mohammed a seven-day ultimatum to retract a libelous publication against him and his company, warning that failure to do so will result in a N100 billion lawsuit.

Dangote, in a letter to the businessman demanded immediate public explanation, retraction and unreserved apology from the Kaduna businessman for accusing him of engaging in an unclean business especially in 1980s in Port Harcourt, Rivers State.

Dangote’s letter was served on the Kaduna businessman by his lawyer Dr Ogwu James Onoja, a Senior Advocate of Nigeria of Onoja law firm in Abuja.

In the letter dated December 20, 2025, Dangote complained that the Kaduna businessman defamed him, lowered his reputation and tarnished his business engagements with the accusation that he engaged in unclean business in Port Harcourt and also queried his source of wealth as the richest man in Africa.

The offending remarks were said to have been made by Engr. Kailani Mohamed during an interview aired on Wednesday December 17th, 2025 on TrustTV news in reaction to his petition against Dr Farouk Ahmed submitted to independent Corrupt Practices and other Related Offences Commission ICPC.

The letter is titled “Demand for public explanation, retraction and unreserved public apology on your libelous publication against Alhaji Aliko Dangote, GCON” and signed by Dr. Ogwu James Onoja SAN.

It read “We are solicitors to Alhaji Aliko Dangote and we write pursuant to his express instructions regarding grievously libelous statements broadcast by TrustTV news and uttered by you during an interview aired on Wednesday, 17th December, 2025 in reaction to the petition submitted by our client to Independent Corrupt Practices and other Related Offences Commission (ICPC).”

“Our client is a widely reputable international businessman. He is the richest black man on earth and he has the largest business conglomerate in Africa.

“Our client, through dint of hard work, integrity, diligent and perseverance over the years earned for himself the reputation and honour he is reckoned with all over the world.

“Our client’s attention has been drawn to statements made by you during the televised broadcast on TrustTV on the aforementioned date in reaction to our client’s petition submitted to Independent Corrupt Practices and the other Related Offences Commission (ICPC) to investigate and possibly prosecute Engr. Farouk Ahmad if found wanting, wherein you made false, reckless, malicious, scandalous and libelous publications concerning our client as a man that has monopolistic tendencies, corruptly enriched himself in business and engaged in economics cerbutach.

“Your statement also portrayed our client as a very cruel businessman whose stock in trade is vendetta and campaign of calumny to bring down others and exert monopolistic powers.

Among others you started as follows: “Can Dangote tell us the source of his money in the 80s when he was in Port Harcourt. Who is clean? Every time you want to monopolize, you bring allegations against people. Let him come and prove it. In the 80s we are aware of what happened in Port Harcourt and how he got his money. Nobody came out and said all these things”.

“These statements are false, scandalous and gravely deliberately impute unlawful or morally questionable conduct to our client and are calculated to expose him to public hatred, ridicule, suspicion and odium.

“By your reckless and unguarded defamatory statement and assertions, our client’s reputation has been greatly lowered in the sight of reasonable members of the International Community, including his business partners, associates and various governments of nations of the world where our client carries on business.

“Take Note that our client categorically states that at no time in his life has he carried out any business, commercial activity or wealth generating enterprise in Port Harcourt, whether in the 1980s or at any other period whatsoever as you alleged.

“Your assertion are therefore entirely fictitious, unfounded, malicious and without doubt, render you susceptible to both civil and criminal defematory action.

“In view of the gravity and depth of the allegations made by you against our client, you are hereby demanded to do the following within 7 days upon receipt of this letter:

“That you publicly explain on the same TrustTV platform and to the same audience, when, where and in what capacity our client was allegedly involved in any unclean activity or any activity whatsoever in Port Harcourt as claimed by you.

“That in the absence of verifiable facts capable of substantiating your assertions, you immediately and unequivocally retract the said statement in their entirety.

“That you issue a full, clear and unreserved public apology to our client which must be broadcast with equal prominence as your original publication.

“To pay our client the N100Bn only in damages for loss of reputation, character defamation and public redicule our client has been subjected to since the said statements were published.

“That you give a written undertaking to desist from making or publishing any further false or defamatory statements concerning our client.

“Be advised that allegations of this nature made without proof on a national media platform are indefensible in law and amount to a gross abuse of the right to freedom of expression which will culminate in both civil and criminal liability.

“Take further notice that should you fail to comply with the conditions stated above and within the time frame, our client shall, without further recourse to you, institute a legal action at a competent court of law against you and claim aggravated damages.

“This is without prejudice to our client’s right to make a formal report against you to the law enforcement agencies for your investigation and and prosecution for criminal defamation,” the letter said.

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