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AMCON recovers N165bn from bank debtors in H1

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Senate replaces outdated insurance law with new regulatory

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featured Finance

Debt servicing exceeded 2025 budget by ₦1.9tn — Budget office

Fresh data released by the Budget Office of the Federation has revealed that the Federal Government’s debt repayments exceeded the allocation provided in the amended 2025 budget by N1.90tn within the first nine months of the year. According to the 2025 third-quarter Budget Implementation Report, total debt-related payments, comprising domestic debt, foreign debt and sinking […]

featured Opinion

Tinubu’s reforms creating stable business environment — Jumia CEO

Chief Executive Officer of Jumia Group, Francis Dufay, has presented a positive assessment of Nigeria’s economic outlook, describing the country as a key example of reform, growth and stability rather than a market defined by risk and uncertainty. Vanguard reported that Dufay made the remarks while speaking during a panel session on emerging markets at […]

Business

Grenada grants visa-free entry to Nigerian entrepreneurs, professionals

Entrepreneurs, investors and professionals in Nigeria are set to benefit from easier travel access to the Caribbean after Grenada announced visa-free entry for Nigerian passport holders, a move aimed at strengthening economic, business and cultural relations between both countries. The announcement was made in Lagos by Grenada’s Honorary Consul in Nigeria, Bidemi Sonoiki, during a […]

featured Opinion

Kidnapping, terrorism in South-West purely business, says ex-minister

Former Minister of Communications, Tajudeen Olanrewaju, has described the ongoing wave of kidnapping and terrorism in the South-West as a profit-driven enterprise rather than a campaign motivated by territorial conquest or religious ideology. Vanguard reported that Olanrewaju made the assertion in a statement titled, “The Insurgency War/Terrorism in Southwest – The way I see it,” […]

Business

FG awards African quality mark to 131 Nigerian firms

The Federal Government on Thursday presented the African Quality Mark certification to 131 Nigerian companies for 220 Made-in-Nigeria products, in a bid to strengthen the competitiveness of local goods across the continent under the African Continental Free Trade Area African Continental Free Trade Area framework. The certification, also known as the ARSO Dual Mark, was […]

featured Finance

Naira holds firm as dollar trades near ₦1,361/$

The naira maintained a relatively stable performance against the United States dollar at both the official and parallel foreign exchange markets, as traders continued to monitor liquidity conditions and demand pressures across the foreign exchange sector. Data obtained from the Central Bank of Nigeria’s Nigerian Foreign Exchange Market showed that the local currency traded around […]

Business

MTN, SMEDAN expand digital push to close $158bn MSME financing gap

MTN Nigeria and the Small and Medium Enterprises Development Agency of Nigeria have stepped up efforts to empower as many as five million small businesses through the mySMEville platform, a digital initiative aimed at bridging the estimated $158 billion annual financing gap facing Nigeria’s micro, small and medium-sized enterprises. The organisations revealed this during a […]

Business

Ecobank shareholders approve $40m dividend after record profit

Shareholders of Ecobank Transnational Incorporated have approved all resolutions presented at the company’s 2026 Annual General Meeting held in Lomé, including a $40 million dividend payout for the 2025 financial year after the group delivered a record-breaking financial performance. The dividend, equivalent to 0.16 US cents per share, marks the pan-African banking group’s first distribution […]

Oil and Gas

Dangote Refinery hits 700,000 bpd processing capacity

Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day, exceeding its official nameplate capacity of 650,000 bpd. The achievement was confirmed following a performance test conducted by the refinery’s process licensors, marking a significant milestone in the facility’s operational development and growth. The latest accomplishment further consolidates […]

Policy and Regulations

FG seeks labour-friendly AI policies to protect Nigerians

The Federal Government has called for the development of inclusive and human-centred artificial intelligence policies that will protect workers’ rights, prevent job losses and ensure that the benefits of technological advancement contribute to economic growth and increased productivity. The PUNCH reported that the call was made by the Minister of Labour and Employment, Muhammad Dingyadi, […]

News

Ogun doctors begin strike over security breach

Resident doctors at the Federal Medical Centre, Idi-Aba, Abeokuta, Ogun State, have commenced a three-day warning strike following a security breach and burglary at the House Officers’ Quarters within the hospital premises. The industrial action was triggered by the theft of several valuables during the incident, including mobile phones, laptops, cash and other personal belongings […]

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