BUSINESS
CBN Wraps Up Recapitalisation As 33 Banks Raise N4.65trn
The Central Bank of Nigeria (CBN) has announced the completion of its banking sector recapitalisation programme, revealing that 33 deposit money banks collectively raised...
Falade Takes Over As NLNG Managing Director/CEO
Adeleye Falade has officially assumed office as the new Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), following the appointment of...
Transport Costs Surge In Nigeria As Airfares And Okada Rides Drive Up February Spending
Nigerians paid more for transportation in February 2026 as rising airfares and motorcycle (Okada) fares pushed overall commuting costs higher, according to the National...
Dangote Refinery Secures $4bn Loan Boost As Afreximbank Leads With $2.5bn Support
The Dangote Petroleum Refinery has secured a $4 billion senior syndicated loan, with African Export-Import Bank underwriting $2.5 billion, marking a major financing milestone...
Naira Holds Steady Against Dollar As New Quarter Opens On A Positive Note
The Nigerian Naira kicked off April 2026 on a stable footing, trading within a narrow range against the United States Dollar as market conditions...
GTCO Delivers Strong Earnings, Declares N12.76 Dividend As Profit Hits N1.23trn
Guaranty Trust Holding Company has reported solid financial performance for the year ended December 31, 2025, with profit reaching N1.23 trillion and interest income...
Africa Must Act Fast to Plug $88bn Leak from Illicit Financial Flows
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, has called for urgent action to curb the estimated $88 billion lost...
FGN Bonds Attract Strong Investor Confidence with 4% Oversubscription in March Auction
Nigeria’s March 2026 bond auction recorded solid investor interest, as the Debt Management Office revealed a 4.28% oversubscription for FGN Bonds. Investors submitted bids totaling...
CBN Tightens Digital Safety Net, Gives Banks And Fintechs 3 Weeks To Boost Cybersecurity Transparency
The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, as...
ELECTRICITY: Liquidity Crisis Worsens As FG Pays 4% Of N1.9trn Subsidies
The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with...
