Business

CBN bags NES Award for economic reforms

By Babajide Komolafe The Central Bank of Nigeria (CBN) has received the Nigerian Economic Society’s (NES) Distinguished Organisation Award in recognition of its institutional reforms and contributions to Nigeria’s macroeconomic stability and economic development. The award was presented at the 67th Annual Conference of the NES, held in Abuja from September 7 to 10, 2026. […]
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Gas: Oando set to boost LPG utilisation Nationwide

OANDO Marketing Limited (OML), a subsidiary of Oando PLC one of Nigeria’s foremost oil marketing company has introduced initiatives aimed at boosting utilisation of Liquefied Petroleum Gas (LPG) nationwide.

Customers commend Afribank’s model branches

Customers of Afribank have expressed satisfaction with the model branches unveiled by the bank last week.
The unveiled 13 model branches located across the country reflects its commitment to providing efficient banking services in convenient and comfortable atmosphere.

Diamond Bank boosts financial journalism with N5.5m award 

Diamond Bank has concluded plans to reward journalists who excel in the field of financial reporting. The award aptly tagged Diamond Bank Awards for Excellence in Financial Reporting, is the first to be instituted by any Nigerian Bank for print journalists.

Multiverse promises improved return for investors

Multiverse Resources Plc has assured shareholders of a improved returns on their investment in the years ahead.
The company has also concluded plans to launch its new quarry site with a 1.2 million metric tonne per annum capacity in Ogun State, valued at N1.5 billion

Investors lose N172bn on NSE

A declining trend was recorded on the Nigerian capital market, last week, as investors lost N172.13 billion of their investments on the Nigerian Stock Exchange (NSE).

Pressure mounts to dilute bank capital plan

Global regulators will dilute a reform that forces banks to hold more reserves to survive shocks without massive taxpayer help again, sources familiar with the negotiations said on Friday.

Nigeria has 500,000 informal miners , Mines Ministry

Nigeria has established that at least 500,000 people are engaged in informal forms of mining, even as the Federal Government has come out with an enticing package from the World Bank to formalise their activities.

GAS: Nipco bags environment friendly award

FOLLOWING its effort in ensuring a cleaner environmnet throgh the usage of Compressed Natural Gas (CNG) to power automobiles Nipco Plc, a major player in the nations downstream petroleum sector has recorded a major milestone as it wins an award for promoting environment friendly fuel.

Implementation of Insurance Act under threat

Insurance companies in the country stand the chance of losing billions of naira from federal government on insurance of public building and building under construction if the malicious protest going on in the sector over government’s insurances continue just as the government explains reason behind March 1, 2010 insurance year for group life.

Microfinance banking and poverty alleviation: Way forward in Nigeria

The issue of poverty has become a front burner issue all over the world especially in the continents of Africa, Asia and Latin America. The interest shown all over the world may be genuine but there are some elements of enlightened self interest. For example, in Nigeria, most of the violent clashes have been attributed to poverty. Poverty is always a threat to political stability and peace.

Nigeria Customs Service and economic development

Top officials of the Nigeria Custom Service (NCS), led by the Comptroller General, Alhaji Dikko Abdullahi, are now in Brussels for the 19th Council Session of the World Customs Organisation (WCO). WCO meets once in a year to brainstorm on topical issues relating to customs operations in various countries. Udeme Clement examines Belgian conference and the benefits for the Nigerian economy.

Why Oil companies must know that safety is good business, Uzamere

In the oil-producing states of Nigeria, an average of one oil spill occurs every week. In the delicate ecosystem of the Niger Delta, these oil-related accidents cause grave damage to the environment and all that it harbours leaving their victims impoverished and underdeveloped.

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