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Fraud losses decline in Nigerian banks in Q1 2024 - Report
Banking

Nigerian banks raise ₦4.61trn ahead of recapitalisation deadline

Nigerian banks have raised a combined N4.61 trillion in fresh capital ahead of the March 31, 2026, banking recapitalisation deadline. This was disclosed by Olayemi Cardoso, governor of the Central Bank of Nigeria. Cardoso spoke on Tuesday at the International Monetary Fund/Africa Regional Technical Assistance Centres (IMF/AFRITAC) West 2 high-level forum in Abuja. He said […]

Food

Lagos to complete massive food logistics hub in 2026

The first phase of the 1.2 million sqm Lagos Central Food Security Systems and Logistics Hub will be completed this year, the Lagos State Government has said. Oluwarotimi Fashola, special adviser to the Lagos state governor on agriculture and food systems disclosed this at the BusinessDay Future of Agriculture conference Wednesday in Lagos. He said […]

Agribusiness

AFEX CEO calls for national seed policy to boost farming

The Group Chief Executive Officer of AFEX, Ayodeji Balogun, has said access to adequate, secure, and timely supply of quality seeds remains one of the biggest obstacles preventing Nigeria from achieving food self-sufficiency. He affirmed that the development of a comprehensive national seed policy has become urgent if the country is to successfully diversify its […]

Airtel Africa begins $100m share buy-back
Business

Airtel Africa names Gopal Vittal new chairman

Airtel Africa Plc, the London-listed telecoms group operating mobile and money services across 14 African countries, announced on Wednesday that its chair, Sunil Bharti Mittal, will step down in July and be succeeded by Gopal Vittal, industry veteran and GSMA chair. The changes, effective at the conclusion of the company’s annual general meeting in July […]

featured News

No negotiations yet amid US-Iran war, says Tehran envoy

Iran’s ambassador to Pakistan on Wednesday said there had been no talks between Washington or Tehran, after United States President Donald Trump signalled tentative progress in diplomatic efforts to end the war. “We have also heard such details through the media, but according to my information — and contrary to Trump’s claims — so far […]

Opinion

CBN gov urges stronger African cooperation on cross-border risks

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has urged African financial regulators to strengthen cooperation in managing cross-border risks. Cardoso also restated the CBN’s commitment to entrenching robust corporate governance in Nigeria’s financial system. He spoke at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and […]

Electricity

Jos DisCo blames low national grid allocation for poor electricity

Jos Electricity Distribution Plc has explained that the recent drop in electricity supply being experienced across its franchise states – Plateau State, Bauchi State, Benue State and Gombe State – is due to a significant reduction in power allocation from the national grid. The company said the development has directly affected the volume of electricity […]

Gradual removal of old naira notes continues – CBN
Finance

Naira opens Wednesday with marginal gains at ₦1,375.61/$

The Naira opened the mid-week trading session with a slight recovery, paring some of the losses recorded in the previous session as liquidity conditions in the Nigerian Foreign Exchange Market began to stabilise. At the official window, the Naira showed signs of firming up during early morning trades on Wednesday, March 25, 2026. The exchange […]

featured Oil and Gas

Dangote Refinery suffers 79 million barrels crude supply shortage — Report

The ambitious deal between the Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited is facing challenges, as the refinery experienced a crude oil supply shortfall of approximately 79.53 million barrels between October 2025 and mid-March 2026, according to findings by The PUNCH. Data obtained from an impeccable senior management source within the refinery indicated […]

Appointments

Signature Bank appoints Alex Alozie as deputy MD

Signature Bank has appointed Alex Alozie as its Deputy Managing Director, as part of its plan to grow the bank through new ideas and better ways of working. He is a distinguished banking executive with over two decades of leadership experience in banking operations, technology, digital banking, retail banking and business development. His career is […]

[ICYMI] Lagos-Calabar highway: Telcos express concerns over threats to cables
Economy featured

Lagos-Calabar coastal road to boost Nigeria’s GDP to $14trn — Experts

Experts have projected that the 750-kilometre Lagos-Calabar Coastal Road could transform Nigeria into a multi-trillion-dollar economy, raising the nation’s Gross Domestic Product from the current under $400 billion to between $1.4 trillion and $14 trillion over the next 50 years. The Development Agenda for Western Nigeria and the BRACED Commission, comprising Bayelsa, Rivers, Akwa Ibom, […]

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