As the July 31 deadline given to insurance companies to meet the recapitalisation requirement draws near, indications have emerged that some of them may fail to scale through.

The Central Bank of Nigeria, CBN, and Financial Markets Dealers Associations have introduced the Nigerian Overnight Financing Rate, NFOR, as the new money market benchmark to promote consistent pricing of money market instruments.

By Peter Egwuatu Nigeria’s Net Domestic Assets (NDA), rose by 21.2 per cent, Year-on-Year (YoY) to N94.742 trillion in February 2026 from N78.177 trillion in the corresponding period of 2025. Net Domestic Assets (NDA) represents the Central Bank of Nigeria (CBN)’s domestic claims, including loans to commercial banks, government securities, and domestic investments, excluding foreign assets. It […]

The Lagos Chamber of Commerce and Industry (LCCI) has said that the uptick in inflation in the month of March poses significant risks to business sustainability. This is coming at the backdrop of the latest headline inflation figure which shows a rise to 15.38% in March 2026, up from 15.06% in February as reported by the National […]

The International Monetary Fund, IMF, has warned that Nigerians may face tougher economic conditions in the near term as rising food and transportation costs continue to squeeze household incomes amid lingering global shocks.

Seplat closed trading on April 14, 2026, at N10,450 per share, representing a staggering 80 per cent gain since January and adding approximately N2.9 trillion in market capitalisation in just four months.

By Udeme Akpan Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand capital base, accelerate strategic initiatives, and aid its backward integration projects. The approval was given at the company’s 20th Annual General Meeting held yesterday in Lagos during which […]

By Peter Egwuatu Nigerian Exchange Limited (NGX) and Bank of Industry (BoI) have reinforced efforts to integrate Small and Medium-sized enterprises (SMEs) into Nigeria’s formal capital market as part of a broader national engagement drive at a workshop held in Kano yesterday. This follows the inaugural edition held in Lagos last year, signalling a more structured […]

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has commenced moves to formally conclude the liquidation of 89 defunct Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, whose operations were successfully transferred to new owners under its Purchase and Assumption, P&A, framework. In a statement signed by its Head of Communication and Public Affairs, Hawwau […]

By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day (mbpd) in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by […]

*Urges prudent use of oil windfall to rebuild buffers By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has indicated plans to provide up to $50 billion in financial support to Nigeria and other countries affected by the biting impact of the ongoing Middle East crisis. Managing Director of the IMF, Kristalina Georgieva, disclosed this […]

By Yinka Kolawole Nigeria’s total public debt for federal and state governments rose by 10 percent, year-on-year, YoY to N159.27 trillion at the end of the fourth quarter of 2025 (Q4’25) compared to the N144.67 trillion recorded at the end of Q4’24, the Debt Management Office (DMO) has reported. According to DMO, the figure represents […]

By Emeka Anaeto,  Business Editor World’s leading agricultural sector funding agency, the International Fund for Agriculture Development (IFAD) , an arm of the United Nations, is set to boost discussions on Nigeria’s agric and food sector at the upcoming 2026 Vanguard Economic Discourse.   The 2026 edition of the Vanguard Economic Discourse is scheduled to hold next […]

•As CPPE cautions against monetary policy tightening By Yinka Kolawole & Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday, said the country’s headline inflation rate recorded the first increase in 12 months to 15.38 percent in March 2026 from 15.06 percent in February 2026. This indicates a halt in the downward trend recorded in the past […]

The Naira on yesterday appreciated to N1,393 per dollar in the parallel market from N1,403 per dollar on Tuesday.