Nigeria Industrial Policy: FG secures $380m investment commitments in 90 days
The Federal Government has announced significant progress in the implementation of the Nigeria Industrial Policy (NIP) 2025, recording over $380 million in strategic financing commitments within its first 90 days and advancing key initiatives aimed at boosting local manufacturing, exports, skills development and industrial infrastructure. A 90-day progress report released by the Office of the Minister […]
CBN orders banks, fintechs to submit Cybersecurity report in 3 weeks
By Elizabeth Adegbesan The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks (DMBs), Payment Service Banks, Microfinance Banks, fintechs and […]
We must urgently tackle Africa’s $88bn illicit financial flows — Edun
Emma Ujah, Abuja Bureau Chief Nigeria and other African countries must urgently address the $88 billion in annual Illicit Financial Flows (IFFs), the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, has said. Speaking at the opening of the 5th Sub-Committee on Tax and IFFs of the African Union’s Specialized Technical Committee […]
Nigeria’s oil exploration drops 45% on limited activities
By Udeme Akpan, Energy Editor Nigeria’s oil exploration declined by 45 per cent month-on-month (MoM) in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the nation’s rig count a key indicator of upstream oil and gas activity fell to 22 in February 2026, down from 40 recorded […]
Rabiu, Elumelu drive industrial growth as BUA foods hits N1.77tn revenue
Nigeria’s industrial and financial heavyweights, The Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, UBA Tony Elumelu have moved to deepen partnership to drive Nigeria’s industrial growth. In line with the partnership, the Rabiu recently hosted Elumelu, and his executive management team at BUA Group’s corporate headquarters in […]
GTCO’s profit up 23.2% to N1.23 trn
By Peter Egwuatu Guaranty Trust Holding Company Plc , GTCO, has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, up by 22.8% from N1.321 trillion recorded in the corresponding period 2024. The company also declared a dividend of N12.76 per share for the financial year 2025. The results released […]
