The African Development Bank (AfDB) has appointed Festus Keyamo, Minister of Aviation and Aerospace Development, as the African champion for its $7 billion integrated aviation transformation programme for Africa (IATP). The bank said the appointment followed Nigeria’s “leadership and vision” in implementing policy reforms aimed at transforming the country’s aviation sector. In a statement, Tunde Moshood, […]

By Emma Ujah,  Abuja Bureau Chief Nigeria’s oil revenue performance fell sharply below budget expectations in the third quarter of 2025 (Q3’25), as the gross oil revenue stood at N4.87 trillion during the quarter, representing a shortfall of N7.88 trillion, or 61.8%, below the quarterly budget projection. This was revealed in the 2025 Q3 Budget Implementation […]

There are indications that Nigerians and businesses may continue to grapple with an epileptic electricity supply, as generation dropped, yesterday, to 3,527.76 megawatts (MW), showing 877.28mw or 19.92 percent decrease, from 4,405.04MW recorded the previous day, according to data obtained from the Nigerian Independent System Operator (NISO). With critical electricity infrastructure struggling to maintain output, stakeholders […]

CBN also implemented wide ranging foreign exchange reforms, chiefly the elimination of multiple exchange rates to curb arbitrage, enhance transparency and boost investors’ confidence.

‎‎By Rosemary Iwunze‎‎Premium Pension Limited has recorded total assets of N21.07 billion for the fiscal year ended December 31, 2025. ‎This is against N15.84 billion recorded in 2024. ‎This was disclosed to shareholders by the Chairman of the company, Maj. Gen. Bitrus Kwaji (Rtd) at its Annual General Meeting (AGM) in Abuja. ‎He stated that […]

By Rosemary Nwunze ‎‎Mutual Benefits Assurance Plc has announced its audited financial results for the year ended 31 December 2025, reporting a strong performance marked by significant growth in profitability, improved insurance revenue and continued expansion of its balance sheet. The results underscore the company’s resilience, disciplined execution and strategic positioning within Nigeria’s insurance industry. […]

By Cynthia Alo The Minister of Marine and Blue Economy, Adegboyega Oyetola, immediate past President-General of the Maritime Workers Union of Nigeria(MWUN), Adewale Adeyanju, and President of the Nigerian Chamber of Shipping (NCS), Aminu Umar, among others, will gather at the 2026 Shipping Correspondent Association of Nigeria (SCAN) Dockworkers’ Day to discuss sustainable practices and improved […]

By Cynthia Alo The National Agricultural Development Fund, NADF, and the Office for Strategic Preparedness and Resilience, OSPRE, have signed a Memorandum of Understanding, MoU, to deploy an Agricultural Early Warning System that will provide farmers, policymakers, financial institutions and other stakeholders with timely information for planning and responding to threats affecting food production across the […]

By Rosemary Iwunze In the quest for better management and significant return on investment for their pension savings, a total of 19,969 Retirement Savings Account, RSA, holders transferred their pension contributions from one Pension Fund Administrator, PFA, to another in the fourth quarter of 2025, Q4’25. The value of funds transferred within the quarter stood at […]

By Godwin Oritse The Maritime Academy of Nigeria (MAN), Oron, in Akwa Ibom State, yesterday received the Integrated Management System (IMS) Certification facilitated by the Standard Organisation of Nigeria (SON), as part of efforts to strengthen institutional capacity and enhance human capital development. Speaking at the presentation of the certificate, the Minister of Marine and Blue […]

•Importers remain govt’s biggest revenue source after oil — Yar’adua By Efe Onodjae The Importers Association of Nigeria (IMAN) has decried the rising cost of cargo clearance at Nigerian ports, revealing that while it costs between N7 million and N8 million to clear a 20-foot container in Cotonou, Benin Republic, the same container attracts between N14 […]

There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is dry on the appeal filing, the narrative has already hardened: the regulator overreached, investor confidence is shattered, and Nigeria’s financial governance is on trial before the world.

•Warns policy failure hurting local oil investors By Cynthia Alo Vegetable and edible oil producers have raised alarm over the continued dominance of imported brands   despite the retention of items in   the Federal Government’s prohibition list under the 2026 fiscal policy measures. According to the National Chairman of the Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN), Okey […]

By Babajide Komolafe Financial institutions including banks and insurance firms recorded a 8.5 per cent growth in real Gross Domestic Product, GDP to N1.9 trillion in the first quarter of 2026, Q1’26 from N1.78 trillion in Q1’25. The National Bureau of Statistics, NBS disclosed this in its GDP report for Q1’26. The report showed that the   financial […]

By Godwin Oritse The Nigerian Maritime Law Association, NMLA, has called for a robust legal and regulatory framework to ensure the successful implementation of the National Single Window, NSW, project in Nigeria. According to the association, the National Single Window initiative of the Federal Government is designed to improve operational efficiency through faster cargo clearance processes, […]