CBN unveils new FX guidelines, approves cash movement of $50,000
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]
SEC, NYSC sign MoU to promote sound investment habit
By Peter Egwuatu THE Securities and Exchange Commission (SEC) and the National Youth Service Corps (NYSC) have signed a Memorandum of Understanding (MoU) to promote financial literacy and protect young Nigerians from fraudulent investment schemes. The agreement, signed in Abuja by SEC Director-General, Dr. Emomotimi Agama, and NYSC Director-General, Brigadier General Olakunle Oluseye Nafiu, will integrate […]
MAN urges Africa to boost industrial capacity through value addition
By Providence Ayanfeoluwa THE Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has called on African countries to strengthen industrial capacity through backward integration and value addition, rather than exporting raw materials. Speaking during a facility tour of Coleman Technical Industries Limited in Sagamu, Ogun State, Ajayi-Kadir said Africa must develop the capacity to […]
Solid Minerals: FG attracts over $2.6bn FDI in 2 yrs —Alake
By Gabriel Ewepu THE Minister of Solid Minerals Development, Dr. Dele Alake, disclosed that the Tinubu-led administration has attracted over $2.6 billion in Foreign Direct Investment, FDI into the sector in two years. Alake made this known in a statement signed by his Special Assistant on Media, Segun Tomori, where the Minister advocated for regional […]
Personal pension plan to change face of small businesses — Leadway
By Rosemary Iwunze Leadway Pensure PFA Limited, one of Nigeria’s leading pension fund administrators, has said that Nigeria’s Personal Pension Plan (PPP) will reshape small business owners’ retirement savings, making them more flexible and accessible and ultimately reducing the risk of old-age poverty. The company maintains that the initiative plays a critical role in Nigerian […]
CPPE demands govt’s intervention to over soaring energy costs
….says unreliable electricity imposes annual economic losses of N10trn By Gabriel Ewepu ABUJA – AS Nigerians grapple with soaring energy costs, the Centre for Promotion of Private Enterprises, CPPE, yesterday, demanded government’s urgent intervention to ease the burden. The Executive Director, CPPE, Dr Muda Yusuf, in a statement, pointed out that the continued pressure on Nigerians […]
Nigeria’s net domestic credit declined 6.9% to N109trn
By Peter Egwuatu Nigeria’s Net Domestic Credit, NDC, has dropped by 6.9 % Year-on-Year, YoY, in January 2026 to N109.4 trillion from N102.4 trillion in the same period in 2025, according to the Central Bank of Nigeria, CBN, latest money and credit report. The NDC is the total value of Bank credit to both the private […]
Why family businesses face extinction – LBS
The warning formed the crux of deliberations at a session hosted by LBS under its Family Business Initiative, examining weak governance
Electricity woes worsen as DisCos record N2.4trn in financial losses
•Rising debt restricts power generation •Consumers slam DisCos for non-transparency, demand mass metering •Operators knock Presidency over exit from national grid By Obas Esiedesa At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to billing and collection […]
VANGUARD ECONOMIC SUMMIT: Public, private sector leaders set to play lead roles
•Cabinet ministers, UN agencies lead discussions •Private sector leaders sign up By Emeka Anaeto, Business Editor Activities ahead of the hosting the 2026 edition of Vanguard Economic Summit (VES’26) have reached advanced stage with key partners gearing up for incisive discussions around the Summit theme. Themed, “Food Security and Socio-economic Stability: Options for Nigeria’s Agriculture Sector Rebound”, […]
NGX extends rally as investors reap N1.8trn in 3 days
By Peter Egwuatu Trading on the Nigerian Exchange (NGX) closed Week on Week, WoW, on a positive note, as investors reaped over N1.765 trillion from their investment listed on the Nigerian Exchange Limited, NGX in the three days trading sessions last week. Specifically, the NGX market capitalisation, which represents the total value of listed equities, surged […]
INVESTMENT OUTLOOK: Nigeria’s perceived more positively today — StanChart chief
In this interview, Manpreet Gill, Chief Investment Officer, Africa, Middle East, and Europe, Standard Chartered Bank, speaks on global market outlook for 2026, with a particular reference to Nigeria’s investment outlook for the year. By Yinka Kolawole How would you summarise global market performance recently, and what are the key themes shaping your outlook for 2026? […]
SON throws weight behind National Single Window trade initiative
By Providence Ayanfeoluwa The Standards Organisation of Nigeria, SON, has expressed support to deployment of the National Single Window, NSW, platform for international trade in Nigeria, amidst growing controversy around the initiative. NSW is a digital platform designed to streamline import and export processes across Nigeria’s trade environment. The NSW initiative, scheduled to commence operations on […]
CBN reaffirms commitment to inflation targeting, eyes 6–9%
The Central Bank of Nigeria (CBN) has reiterated its commitment to advancing an inflation-targeting monetary policy framework, emphasizing the goal of steering headline inflation into a 6–9 percent range.
Tariff crisis: Shipping firms move to shut down operations, job loss looms
The Nigerian Shippers’ Council approved the increase in shipping charges after a due process spanning over two years, culminating in final authorisation for carriers to implement the adjustment.
IWD:Energy firms charged on appointing women to top positions
By Sebastine Obasi The Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has called on Nigeria’s energy industry to deepen its commitment to appointing women to top leadership positions, particularly across the gas value chain, as the sector commemorates International Women’s Day (IWD) 2026. Audrey made this call as part of the global celebration of […]
