Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
Sanwo-Olu, CIBN urge youths to embrace innovation, skills, integrity
By Cynthia Alo & Kafayat Kokumo Lagos State Governor, Babajide Sanwo-Olu, the President of the Chartered Institute of Bankers of Nigeria, CIBN, Dr. Dele Alabi, and other financial leaders have urged young Nigerians to leverage technology, discipline, and practical skills to actively participate in building the nation’s economy. They spoke on Wednesday at the 4th […]
HBM Nigeria’s profit rises 57% to N208bn in H1’26
By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 57 per cent increase in profit after tax (PAT) to N208 billion in the first half of 2026 (H1’26), from N132.677 billion recorded in the corresponding period of 2025. The cement manufacturer, in its financial results released on the Nigerian Exchange Limited (NGX), also […]
Future of insurance depends on quality leadership – Orimolade
By Rosemary Iwunze President/Chairman of Council, Chartered Insurance Institute of Nigeria, CIIN, Mr. Akinjide Orimolade has said that the future of the insurance profession depends on the quality of leadership, innovation and professionalism that is cultivated today. Orimolade made the assertion while giving his welcome address at the year 2026 Youth Mentorship Programme (Bootcamp 7.0) […]
18 Years After: RMAFC moves to review president, governors, lawmakers’ pay
By Babajide Komolafe, Economy Editor The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has completed the review of the remuneration of political office holders, 18 years after their salaries were last reviewed by law, saying the proposed new remuneration and revenue allocation Bills will reach the National Assembly before the end of the year. Chairman […]
PenCom to sanction PFAs as only 17% of RSA holders recaptured
By Rosemary Iwunze The National Pension Commission (PenCom) has threatened to sanction Pension Fund Administrators (PFAs) that fail to meet prescribed targets under the ongoing Retirement Savings Account (RSA) data recapture exercise. PenCom, in its first-quarter 2026 report, disclosed that only 17.03 per cent of the industry’s legacy RSA holders had completed the mandatory data recapture […]
