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Manufacturing, trade drive 11mths streak of economic expansion — NESG

Manufacturing, trade drive 11mths streak of economic expansion — NESG

By Babajide Komolafe The Nigerian Economic Summit Group (NESG) has reported sustained expansion in economic activities for the 11th consecutive month, driven largely by improved performance in the manufacturing and trade sectors. The report stated: “In October 2025, Nigeria’s business environment maintained its positive trajectory, with the Current Business Performance Index remaining in the expansion zone. […]

Top banks record N4.1trn profit in nine months

Top banks record N4.1trn profit in nine months

 …As five banks post 37% growth in profitability By Babajide Komolafe, Economy Editor Nine top banks in Nigeria recorded a combined N4.115 trillion profit after tax (PAT) in the nine months ended September 2025 (9M’25), representing a 1.5 per cent year-on-year (YoY) decline from N4.176 trillion recorded in the same period of 2024 (9M’24). The banks are […]

ASSBIFI, NUBIFIE pass confidence vote on NSITF management

ASSBIFI, NUBIFIE pass confidence vote on NSITF management

TWO major workers’ unions within the Nigeria Social Insurance Trust Fund, NSITF, the Association of Senior Staff of Banks, Insurance, and Financial Institutions, ASSBIFI, and the National Union of Banks, Insurance and Financial Institutions Employees, NUBIFIE, have expressed strong support for the management team led by Managing Director Barr. Oluwaseun Faleye.

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