NEPAD Reaffirms Commitment to Africa’s Trade Growth under AfCFTA
The NEPAD Business Group Nigeria (NBGN) has reaffirmed its commitment to driving private sector–led economic transformation across Nigeria and the…
Category: Business
NGX Banking Index Surges 38% in 2025 Despite Uneven Stock Performance
Banking stocks on the Nigerian Exchange Limited (NGX) have delivered mixed results in 2025, even as the NGX Banking Index…
Nigeria’s Trade with ECOWAS Soars 43% to N6.9 Trillion in 2025
Nigeria’s trade with fellow Economic Community of West African States (ECOWAS) countries recorded a remarkable 43 percent increase year-on-year (YoY),…
TikTok Cedes U.S. Control to American Investor Group in Major Security-Focused Deal
TikTok has reached a landmark agreement to transfer significant control of its U.S. operations to a consortium of American investors,…
FCMB Group Gets Shareholders’ Approval to Raise N400bn Ahead of 2026 CBN Recapitalisation Deadline
Shareholders of FCMB Group Plc have approved a major capital raise of up to N400 billion, positioning the bank to…
CBN Survey Predicts Business Confidence in Nigeria to Hit 52.8 Points by Mid-2026
Nigeria’s business environment is set for a boost over the next six months, with confidence among businesses expected to reach…
Senate Screens Tinubu’s Nominees as Nigeria Petroleum Regulatory Reforms Gain Momentum
Nigeria’s push for stronger oil and gas governance took a significant step forward on Thursday as the Senate commenced the…
Dangote Refinery Partnership Set to Reduce Petrol Prices, IPMAN Confirms
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged its members nationwide to prioritize purchasing Premium Motor Spirit (PMS)…
Japan Stocks Surge as Bank of Japan Raises Interest Rates to 30-Year High
Japan’s financial markets reacted sharply on Thursday after the Bank of Japan raised its benchmark policy rate to its highest…
Global Oil Oversupply Leaves Nigerian Crude Unsold as Dangote Refinery Turns to Imports
Nigerian crude oil sellers are facing mounting pressure in the global market as oversupply continues to dampen demand, leaving millions…
PenCom Extends Pension Recapitalisation Deadline to June 2027
The National Pension Commission (PenCom) has extended the deadline for pension industry recapitalisation to June 2027, moving it from the…
World Bank Set to Approve $500m Loan to Boost MSME Financing in Nigeria
The World Bank is expected to approve a $500 million loan for Nigeria today (Friday, December 19, 2025), aimed at…
Nigeria’s Broadband Penetration Hits 49.89% — 70% 2025 Target Likely Unattainable
Nigeria is set to miss its ambitious broadband penetration target of 70% by the end of 2025, according to recent…
FG Power Sector Debt to Hit N6.4 Trillion by 2025, Threatening National Electricity Supply
The Federal Government’s indebtedness to power generation companies (GENCOs) is projected to reach N6.4 trillion by the end of 2025,…
Tinubu Sends N43 Trillion Budget Repeal and Re-enactment Bill to National Assembly to End Multiple Budgets
President Bola Tinubu has formally transmitted the Appropriation, Repeal, and Re-enactment Bill 2 of 2024 to Nigeria’s National Assembly, aiming…
TotalEnergies Launches TEMC+ for Secure, Real-Time Payments Across Nigeria
TotalEnergies Marketing Nigeria Plc has unveiled its newest innovation, the TotalEnergies Mobility Card Plus (TEMC+), a smart payment solution designed…
CIS Urges Nigerian Students to Embrace Capital Market Certification Amid Digital Finance Reforms
The Chartered Institute of Stockbrokers (CIS) has called on Nigerian students to equip themselves for emerging opportunities in the country’s…
NDIC and NIBSS Sign MoU to Boost Depositor Payouts in Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) and the Nigeria Inter-Bank Settlement System Plc (NIBSS) are set to sign a Memorandum…
Nigeria Customs Warns Banks Over Late Remittance of Duties: Penalties Imposed for Delays
The Nigeria Customs Service (NCS) has issued a stern warning to designated banks that fail to remit collected customs duties…
Nigeria’s Crude Oil Exports Reach N37.7 Trillion in First Nine Months of 2025
Nigeria’s crude oil exports surged to N37.7 trillion in the first nine months of 2025, according to the Q3 2025…
NNPCL Confident of Achieving 2.06 Million BPD Oil Production Target in 2026
The Nigerian National Petroleum Company Limited (NNPCL) has expressed optimism that its 2.06 million barrels per day (bpd) crude oil…
Non-Interest Banking in Ghana Open to All, Says Bank of Ghana
The Bank of Ghana (BoG) has emphasized that non-interest banking in the country is accessible to everyone and is not…
Pensions Alliance Tops Best-Performing PFAs in Nigeria as of September 2025
Nigeria’s pension sector delivered a strong performance in the first nine months of 2025, despite economic headwinds including high interest…
FirstHoldCo Leads Banking Rally as 5.2bn Ecobank Shares Drive NGX Closer to 150,000
The Nigerian stock market extended its bullish run on Wednesday, edging closer to the psychological 150,000-point mark as renewed buying…
SMEDAN Seeks CBN Licence for Microfinance Bank as FG Targets One Million New Small Businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has applied to the Central Bank of Nigeria (CBN) for…
European Markets Open Flat Ahead of Central Bank Decisions
European markets opened slightly above the flatline on Thursday, with investors adopting a cautious stance ahead of a packed day…
Banks Strengthen Capital Base as CBN Tightens Oversight Ahead of 2026 Deadline
Nigeria’s Deposit Money Banks are reinforcing their capital positions as the Central Bank of Nigeria intensifies regulatory oversight to strengthen…
Dollar Slides After Delayed U.S. Jobs Data Signals Fed Caution
The U.S. dollar weakened against major global peers on Tuesday after delayed economic data revealed stronger-than-expected job growth, a development…
FG to Launch ₦1.23 Trillion Power Sector Bond to Clear GENCOs’ Debt and Restore Market Confidence
The Federal Government of Nigeria has concluded plans to launch a ₦1.23 trillion Power Sector Bond as part of a…
World Bank Scores Nigeria’s Education Skills Project Satisfactory
Nigeria’s drive to strengthen professional skills in procurement and environmental standards has received a major boost as the World Bank…