Business

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

NIA credits NAICOM’s oversight for successful insurance recapitalisation

  • 6th August 2026

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FUTA workers protest alleged non-payment of allowances

News

Five countries that recently changed, redenominated their currencies

featured Finance

SEC launches campaign to help Nigerians recover unclaimed dividends

Investment

FG optimistic Nigeria NOW! Expo will boost mining investments

Investment

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Business

MAN seeks refinancing facility to revive manufacturing sector

The Manufacturers Association of Nigeria, in an effort to revitalise Nigeria’s manufacturing sector in 2026, has called for the introduction of a Manufacturing Refinancing and Rediscounting Facility. The call was made by the Director-General of MAN, Segun Ajayi-Kadir, in a report outlining the manufacturing outlook for 2026. Ajayi-Kadir explained that the proposed Manufacturing Refinancing and […]

Kano State to buy HIV/AIDS kits for N69m
News

Kano council approves ₦6.9bn for development projects

The Kano State Executive Council has approved a total sum exceeding 6.9 billion naira for the execution of multiple projects aimed at enhancing welfare and accelerating development across various parts of the state. The approval was disclosed by the Commissioner for Information, Ibrahim Waiya, following the 36th Executive Council meeting held at the Government House […]

Business

FG plans state-level export drive to deepen AfCFTA participation

The Federal Government has announced plans to strengthen its engagement in the African Continental Free Trade Area in 2026 by collaborating with state governors to pinpoint at least one exportable product from each of Nigeria’s 774 local government areas. The initiative aims to scale up production, increase non-oil exports, and enhance Nigeria’s competitiveness across Africa. […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC targets long-term capital to fix infrastructure gaps

The Securities and Exchange Commission has unveiled an ambitious agenda for 2026 focused on mobilising long-term capital to address Nigeria’s persistent infrastructure deficits. The new roadmap follows a year in which corporate entities relied heavily on short-term financing instruments, particularly commercial papers, to meet their funding needs. In a New Year message delivered in Abuja […]

Elon Musk’s xAI secures $10bn in funding to expand AI
Tech

Musk’s xAI launches new Grok AI subscriptions for businesses

Elon Musk’s xAI unveiled two new subscription plans on Wednesday, December 31, allowing small businesses and larger organisations to access its Grok AI models for workplace applications. xAI said in a blog post that Grok Business and Grok Enterprise will give customers the highest rate limits on its most advanced AI models through a single […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

Nigeria’s money supply grows despite CBN’s tight monetary policy

Nigeria’s broad money supply (M3) rose to N122.95 trillion in November 2025, up from N119.04 trillion in October, indicating a continued expansion of liquidity in the financial system despite the Central Bank of Nigeria’s generally tight monetary policy. Data from the CBN shows that banking system liquidity remains ample even as the apex bank maintains […]

Nestle, others cost equity market 51bn loss
featured Finance

Nigeria equities market delivered 51% returns in 2025

Nigeria’s equities market recorded an outstanding performance in 2025, delivering a return of 51.19 per cent to investors, a significant improvement from the 37.65 per cent gain recorded in 2024. The strong rally translated into a substantial increase in market value, as total capitalisation rose by N36.62 trillion within the year. This pushed the market’s […]

featured Opinion

Cardoso is the best CBN gov ever — Otedola

Prominent investor with over three decades of experience across multiple economic cycles, Femi Otedola, has described Yemi Cardoso as the best Central Bank Governor Nigeria has produced, praising his leadership style and commitment to doing what is right for the economy. He said, “I say this without hesitation: Yemi Cardoso is the best Central Bank […]

Business

Transparent tax system crucial to grow businesses – LCCI

The Lagos Chamber of Commerce and Industry has emphasised that the effective and transparent implementation of the Tax Reform Act is crucial for simplifying compliance, easing the burden on productive businesses, and expanding the tax base without hindering economic growth. The Chamber urged the Federal Government to ensure the Act is fully implemented. In a […]

Banking

Banks’ bad loans rise as CBN ends COVID-19 relief

Nigeria’s banking sector recorded an increase in bad loans in 2025 following the withdrawal of regulatory forbearance granted by the Central Bank of Nigeria to lenders during the COVID-19 pandemic, according to the apex bank’s latest macroeconomic outlook report. The report revealed that the industry’s Non-Performing Loans ratio rose to an estimated seven per cent, […]

Banking

CBN projects bullish capital market in 2026 amid bank racapitalisation

The Central Bank of Nigeria has forecast that Nigeria’s capital market will sustain a bullish trend in 2026, buoyed by the ongoing bank recapitalisation programme, improving investor confidence and favourable policy support. The projection is contained in the apex bank’s newly released report titled “Macroeconomic Outlook for Nigeria, 2026: Consolidating Macroeconomic Stability Amid Global Uncertainty.” […]

Seven banks paid N392.53bn in taxes in first half of 2024
Business

New tax regime sparks tension in Nigeria’s maritime sector

There is growing unease among freight forwarding practitioners in Nigeria’s maritime sector following the commencement of the new tax regime on Thursday, January 1, 2026. Several agents disclosed that some shipping lines have already begun holding meetings to consider possible increases in freight charges, according to The Punch. From January 1, 2026, the Federal Government […]

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