Economy
Nigeria Nowhere Target of $33,000 GDP Per Capita—Bagudu

By Adedapo Adesanya
Nigeria is nowhere near its target of $100 billion investment annually to achieve a gross domestic product (GDP) per capita of $33,000, according to the Minister of Budget and Economic Planning Mr Abubakar Bagudu.
The Minister spoke in Abuja at the ongoing management retreat of the Nigerian Financial Intelligence Unit, according to a statement issued by his Media Assistant, Mr Bolaji Adebiyi.
According to the Minister, this is frustrating the efforts contained in the Nigeria Economic Agenda 2050, which requires the average Nigerian to have a value of $33,000 per head. The GDP per capita is a metric that breaks down the country’s GDP to an amount per person.
However, the Minister said the Nigerian economy is nowhere near the target.
Current data from the International Monetary Fund (IMF) shows that Nigeria has a GDP per capita of $1,087.89 as of 2024.
Mr Bagudu said that for the country to realise the target, it must enthrone a sound financial system to attract investments.
He said the current financing level was smaller than that but explained that President Bola Tinubu’s administration had undertaken bold and courageous economic reforms to boost its revenue.
“However, we still need to be where we should be; we are not near the kind of flows we expect,” the minister noted.
To buttress his point, he cited the $20 billion federal budget size, which he said was too small compared with other countries like Brazil and Indonesia, which have similar population sizes and have $750 billion and $210 billion budgets, respectively.
The minister also explained that a sound financial system would attract domestic and foreign investments to finance its development plan.
Economy
Investors Transact N63.517bn Shares in 60,782 Deals in Five Days

By Dipo Olowookere
Last week, investors bought and sold 3.281 billion shares worth N63.517 billion in 60,782 deals compared with the 1.818 billion shares valued at N47.226 billion transacted in 64,222 deals in the preceding week.
Data showed that Sovereign Trust Insurance, Champion Breweries, and Jaiz Bank were the most attractive stocks, accounting for 1.621 billion units sold for N3.244 billion in 1,528 deals, contributing 49.42 per cent and 5.11 per cent to the total trading volume and value, respectively.
Financial equities dominated the activity chart in the five-day trading week, with 2.302 billion units worth N25.014 billion traded in 27,625 deals, contributing 70.17 per cent and 39.38 per cent to the total trading volume and value, respectively.
Consumer goods stocks followed with the sale of 421.846 million units for N3.796 billion in 6,149 deals, as services shares exchanged 228.075 million units for N800.274 million in 4,741 deals.
Livestock Feeds topped the price gainers’ log after chalking up 22.16 per cent to settle at N10.20, Caverton jumped by 15.38 per cent to N3.00, FTN Cocoa expanded by 14.20 per cent to N1.85, CWG gained 13.21 per cent to N9.00, and Tantalizers surged by 13.13 per cent to N2.93.
The price losers’ chart was led by Neimeth after its value went down by 17.00 per cent to N2.49, MeCure declined by 10.36 per cent to N11.25, International Energy Insurance slipped by 10.26 per cent to N1.75, University Press retreated by 10.00 per cent to N4.32, and Conoil also fell by 10.00 per cent to N331.20.
Business Post reports that when the market closed last Friday, 38 stocks appreciated versus 30 stocks of the preceding week, 46 equities depreciated compared with 58 equities a week earlier, and 66 shares closed flat, in contrast to 62 shares in the previous week.
The All-Share Index (ASI) and the market capitalisation lost 0.55 per cent in the week to finish at 105,955.13 points and N66.352 trillion, respectively.
Similarly, all other indices finished lower except the insurance, AseM, MERI growth, consumer goods and commodity, which appreciated by 0.89 per cent, 0.04 per cent, 0.89 per cent, 0.03 per cent and 0.02 per cent, respectively.
Economy
From Courtrooms to Chaos: Suits LA Brings Hollywood’s Power Struggle to Your Screen on Showmax

In Hollywood, reputation is everything, and for entertainment lawyer Ted Black, keeping the biggest names in showbiz out of trouble is his full-time job. Suits LA takes the high-stakes legal drama of the original series and raises the bar, moving the action from New York’s corporate towers to Los Angeles’ power circles, where one bad deal could mean the end of a career.
Led by Teen Choice winner Stephen Amell (Arrow), Suits LA follows Ted as he navigates a cutthroat industry where billion-dollar contracts, scandalous lawsuits, and celebrity egos collide. The legal drama also features Gabriel Macht reprising his fan-favourite role as Harvey Spectre, alongside appearances from real-life Hollywood elites. With its gripping storytelling, the Suits franchise expands into new, high-stakes territory that’s already one of IMDb’s Most Anticipated New TV Shows of 2025.
Watch the trailer: https://www.youtube.com/watch?
But while Suits LA brings power struggles to the courtroom, here are other must-watch titles that explore the battle for control, survival, and dominance in different ways:
Yellowjackets S1-3 | New Episodes Saturdays
What happens when survival instincts take over, and the line between humanity and savagery blurs? Yellowjackets tells the gripping tale of a high school girls’ soccer team whose plane crashes deep in the wilderness, leaving them to fend for themselves. As the story unfolds in two timelines, the past, where their descent into chaos begins, and the present, where the survivors struggle with the haunting aftermath, dark secrets and unsettling truths come to light.
Starring Emmy nominees Melanie Lynskey, Christina Ricci, and Juliette Lewis, alongside Yellowjackets breakout star Sophie Thatcher (also seen in Heretic), the series masterfully blends psychological horror, mystery, and drama. Described by The Guardian as “a chilling mix of Lost and Lord of the Flies,” Yellowjackets keeps audiences on edge with every twist.
Watch the trailer: https://www.youtube.com/watch?
The White Lotus S3 | New Episodes Monday Nights
Far from Nigeria’s mystical past, another world of power and deception unfolds in Thailand, where the guests of The White Lotus resort check in for what they believe will be a luxurious escape. Instead, their secrets, ambitions, and betrayals set off a chain of events that none of them could have foreseen.
Winner of 15 Emmys, the critically acclaimed series returns with a new cast, including Emmy nominees Carrie Coon, Jason Isaacs, Parker Posey, and Walton Goggins, alongside BAFTA winner Aimee Lou Wood. As TimeOut puts it, “Much as we’ll all miss Jennifer Coolidge, RIP Tanya, the third run of The White Lotus should be February’s most talked-about telly.”
Watch the trailer: https://www.youtube.com/watch?
Heretic | Now Streaming
The fight for survival takes an even darker turn in Heretic. Two young missionaries knock on a door, hoping to share their faith, but instead, they step into a nightmare. What follows is a chilling test of belief and endurance as they become trapped in a house where nothing is as it seems.
Featuring Hugh Grant in a terrifying role alongside Sophie Thatcher (Yellowjackets) and Chloe East (The Fabelmans), Heretic was named one of Rotten Tomatoes’ top horror films of 2024. Men’s Health raves, “Arguably [Hugh Grant’s] best performance from the last decade,” while Empire Magazine warns, “You’ll never watch Notting Hill the same way again.”
Watch the trailer: https://www.youtube.com/watch?
Godzilla X Kong: The New Empire | Now Streaming
While humans fight their battles in courtrooms and luxury resorts, another kind of war is brewing beneath the Earth. Godzilla and Kong, once bitter rivals, must now unite against a powerful new enemy that threatens their very existence. Featuring BAFTA winner Rebecca Hall, Oscar nominee Brian Tyree Henry, and Teen Choice winner Dan Stevens (Downton Abbey), this film was among the ten biggest box office hits of 2024 and earned a Best Fantasy Film nomination at the 2025 Saturn Awards. With jaw-dropping action sequences and stunning visual effects, Godzilla X Kong delivers pure blockbuster spectacle.
Watch the trailer: https://www.youtube.com/watch?
From Hollywood power struggles to high-stakes resorts and monster showdowns, Showmax has something for everyone. And with the Shikini Offer, you can stream it all for less.
Get Showmax Mobile for just ₦1,000 or enjoy the multiple-device plan for ₦2,000. Don’t wait—sign up now at www.showmax.com/deals to get started. or download the Showmax app to start watching today.
Economy
Market Sheds 0.25% as Tantalizers Stocks, Others Shed Weight

By Dipo Olowookere
The Nigerian Exchange (NGX) Limited suffered a 0.25 per cent hair cut on Friday after investors offloaded some stocks, including Tantalizers, which topped the losers’ chart.
The company was the worst-performing equity during the session after it shed 9.85 per cent to settle at N2.93, Jaiz Bank lost 9.72 per cent to trade at N3.25, Neimeth declined by 9.45 per cent to N2.49, Dangote Sugar tumbled by 7.76 per cent to N35.05, and Lasaco Assurance shrank by 5.96 per cent to N2.68.
On the flip side, Royal Exchange gained 10.00 per cent to finish at 88 Kobo, Linkage Assurance soared by 9.57 per cent to N1.26, Guinea Insurance appreciated by 9.52 per cent to 69 Kobo, Enamelware inflated by 9.05 per cent to N25.30, and Red Star Express rose by 8.41 per cent to N5.80.
Business Post reports that the market breadth was negative on the last trading session of the week, with 24 depreciating shares and 22 appreciating share, showing a weak investor sentiment.
Apart from the insurance index, which closed higher by 0.12 per cent, and the commodity space, which closed flat, every other sector crumbled.
The consumer goods counter deflated by 1.08 per cent, the banking industry went down by 0.22 per cent, the energy sector fell by 0.18 per cent, and the industrial goods counter retreated by 0.03 per cent.
At the close of trades, the All-Share Index (ASI) decreased by 265.81 points to 105,955.13 points from 106,220.94 points and the market capitalisation dropped N166 billion to end at N66.352 trillion compared with Thursday’s value of N66.518 trillion.
A total of 750.6 million stocks worth N11.1 billion exchange hands in 10,584 deals during the session versus the 341.7 million stocks valued at N16.7 billion transacted in 11,233 deals a day earlier, implying a rise in the trading volume by 119.67 per cent, and a decline in the trading value and number of deals by 33.54 per cent and 5.78 per cent apiece.
Champion Breweries topped the activity chart with 350.4 million units worth N1.4 billion, Tantalizers sold 53.1 million units for N157.1 million, Custodian Investment traded 51.1 million units valued at N1.0 billion, Lasaco Assurance transacted 36.5 million units worth N97.7 million, and Access Holdings exchanged 30.7 million units valued at N723.0 million.
-
Feature/OPED5 years ago
Davos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years ago
Estranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years ago
Sort Codes of GTBank Branches in Nigeria
-
Economy2 years ago
Subsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years ago
First Bank Announces Planned Downtime
-
Sports2 years ago
Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN