…as Reserves hit $50b By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 percent, along with other monetary rate parameters. Briefing the media on the outcome of the 305th Monetary Policy Committee (MPC) committee, in Abuja, yesterday, the Governor of the CBN, Mr. Olayemi […]

The Olokola seaport project has already received backing from host communities, whose leaders expressed optimism over its economic potential

By Peter Egwuatu The Securities and Exchange Commission, SEC has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2926.   The Commission in a notice, outlined  a comprehensive framework that all capital market operators and relevant stakeholders are encouraged to adopt in preparation for this significant […]

By Udeme Akpan Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report, MOMR, of the Organization of the Petroleum Exporting Countries, Nigeria’s rig count – a major indicator of upstream oil and gas activities – […]

Strong investors demand for the Federal Government of Nigeria (FGN) debt instrument continues in May as the government’s bond auction in May 2026 recorded a 32.8% oversubscription.

…As Nigeria’s cotton output crashes by 95% By Yinka Kolawole The Federal Government has intensified efforts to revive Nigeria’s Cotton, Textile and Garment, CTG, industry, following a 95 percent decline in the country’s cotton production from about 200,000 metric tonnes in 2001 to roughly 10,000 metric tonnes in 2025. Minister of State for Industry, Senator […]

By Cynthia Alo  The Federal Government, in a bid to improve livestock healthcare delivery, has completed and handed over new Veterinary Primary Health Centres in Lagos and Ogun states. The centres, located in the Epe area of Lagos and Ijebu Igbo in Ogun State, are part of the Federal Ministry of Livestock Development’s nationwide plan to […]

By Rosemary Iwunze The National Insurance Commission, NAICOM, has called on insurers to  transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who stated this at the opening ceremony of the Insurance Week 2026, explained that customer-centric model entails actively involving clients in the product development process seeking their […]

By Efe Onodjae  Nigerian and other countries in West and Central Africa have committed over $27 billion to port infrastructure expansion projects aimed at strengthening regional trade integration, improving maritime logistics and driving economic growth across the sub-region. Managing Director of the Nigerian Ports Authority, NPA, Dr. Abubakar Dantsoho, disclosed this yesterday during the opening of […]

The Executive Secretary/CEO of the National Sugar Development Council, NSDC, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address unemployment, insecurity and rural community underdevelopment by creating massive jobs and attracting investments to rural communities. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service, NCS, […]

•Sub-Saharan Africa remains  most expensive By  Babajide Komolafe Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard analysis of  data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin for fourth quarter 2025, Q4’25, showed […]

By Rosemary Iwunze The National Insurance Commission, NAICOM, has said that insurers must deliberately transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin who stated this at the opening ceremony of the Insurance Week 2026, noted that customer-centric model entails actively involving clients in the product development process […]

By Emeka Anaeto, Business Editor Nigeria’s financial institutions are fighting to meet the deadline of June 10, 2026 set by the Central Bank of Nigeria, CBN, for onboarding to a new cyber-security baseline. But industry sources told Financial Vanguard that though most of the commercial banks are already on track to the deadline almost all operators […]

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in unregistered online investment schemes being aggressively promoted on social media platforms, cautioning that many of them exhibit characteristics of Ponzi schemes. The warning was contained in a public notice dated May 8, 2026, and published on the Commission’s official communication channels. According to the […]

By Yinka Kolawole The contribution of manufactured goods to Nigeria’s export basket has stagnated for four consecutive years despite a sharp rise in the country’s total export value, latest figures from the National Bureau of Statistics (NBS) have shown. The NBS data indicated that though total export value rose by 9.93 per cent year-on-year (YoY) to N85.13 […]