•As industry think-tank proposes airlines stabilisation plan to FG By Udeme Akpan, Energy Editor & Dickson Omobola Despite a pricing advisory by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, oil marketers have continued to sell aviation fuel, also known as Jet A1, to airlines at N2,230 per litre and above, deepening concerns across Nigeria’s […]

By Peter Egwuatu Shareholders of Guaranty Trust Holding Company Plc (GTCO) have commended the management for declaring a record dividend of N12.76 per share for the 2025 financial year, the highest in Nigeria’s banking sector. At the company’s 5th Annual General Meeting (AGM), investors praised the Group’s strong performance and compliance with the Central Bank of […]

By Cynthia Alo   Director-General of Lthe Raw Materials Research and Development Council (RMRDC), Prof. Nnanyelugo Ike-Muonso, has said Nigeria’s industrial transformation depends on a decisive shift from raw material exports to value addition, innovation and stronger domestic processing capacity. Speaking at the 10th Bullion Lecture organised by the Centre for Financial Journalism in Lagos, themed: “From […]

•Union Bank, Polaris, Keystone Banks on course President Bola Ahmed Tinubu has praised Olayemi Cardoso for leading reforms at the Central Bank of Nigeria (CBN), saying his policies are helping to rebuild Nigeria’s economy for long-term growth. Speaking after the March 31, 2026 deadline for bank recapitalisation, Tinubu described Cardoso as committed and focused. Specifically, he […]

•Bets on women-led SMEs for inclusive growth By Progress Godfrey Nigeria’s non-oil  export sector recorded a historic milestone in 2025, with export value hitting $6.1 billion and market reach expanding to 210 countries, the Nigerian Export Promotion Council, NEPC, has disclosed. Executive Director of NEPC, Nonye Ayeni, who made this known in Abuja at a conference […]

By Yinka Kolawole Manufacturers in Nigeria have lamented the persistently low contribution of manufactured goods to the nation’s export basket despite a rise in total exports in 2025, warning that structural bottlenecks continue to undermine the country’s competitiveness in the global market. Exporters under the Manufacturers Association of Nigeria Export Promotion Group, MANEG, disclosed that although Nigeria’s […]

•Commends local producer By Gabriel Ewepu The Federal Government, FG, has indicated that Nigeria’s textile industry is struggling with massive importation, poor infrastructural backbone against local manufacturers and trade malpractices. Speaking to journalists in Abuja yesterday, Minister of Industries, Trade and Investment, Dr. Olajumoke Oduwole, said as a result of weakened domestic production, Nigeria spends about […]

•Gender gap in financial inclusion has widened — SEC By Obas Esiedesa The Federal Government has disclosed that over 80 per cent of women-owned businesses in Nigeria operate without access to formal credit, limiting their ability to scale and contribute optimally to economic growth. The Minister of Women Affairs and Social Development, HajiyaImaanSulaiman-Ibrahim, made the disclosure […]

By Yinka Kolawole The 2026 Fiscal Policy measures and Tariff Amendments recently approved by the Federal Government will engender a boost in domestic manufacturing and import substitution in the country, the Centre for the Promotion of Private Enterprise (CPPE) has stated. The measures include revisions to the Import Adjustment Tax (IAT) covering 192 tariff lines, selective […]

By Babajide Komolafe United Bank for Africa Plc (UBA) has sustained its growth trajectory, with total assets crossing the N33 trillion mark and maintaining momentum into the first quarter of 2026, following strong growth in earnings in Full Year 2025 and Q1’26. The bank’s unaudited results for the first quarter ended March 31, 2026, showed that total […]