Food Crisis: Cost of healthy diet rises further — NBS Report
By Elizabeth Adegbesan Despite the moderation in inflation rate reported by the National Bureau of Statistics, NBS, the financial burden of feeding on Nigerian households may have intensified as the national average Cost of a Healthy Diet (CoHD) climbed to N1,541 per adult per in March 2026, about 4.4 per cent up from N1,477 in March […]
NAICOM charges insurers to adopt customer-centric business model
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 […]
Financial institutions race to meet CBN deadline on new cyber-security standard
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 […]
SEC warns Nigerians against rising Ponzi schemes on social media
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 […]
Manufacturing export stagnates despite rising trade value
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 […]
Fertiliser Plants: Dangote vows to ensure food security in Africa
By Udeme Akpan President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments, declaring that the continent has the capacity to feed itself and become a net exporter of agricultural products. Dangote made this known while addressing journalists in Gode, in Ethiopia’s Somali region, during a […]
Stock market extends rally as investors reap N3.3trn
By Peter Egwuatu The Nigerian stock market extended its bullish run last week, as investors reaped N3.34 trillion gain, with sustained buying interest in banking, consumer goods and selected industrial stocks, which outweighed pockets of profit-taking witnessed across some other sectors of the market. The positive close on the Nigerian Exchange, NGX, further reinforced investor confidence […]
S&P raises Nigeria’s credit rating on stronger economy
Nigeria today secured a major boost in global investor confidence as S&P Global Ratings upgraded the country’s sovereign credit rating to ‘B’ from ‘B-’, citing improvements in macroeconomic stability, foreign exchange reforms and stronger oil sector performance.
Equities market loses N1.23trn as profit-taking persists
The equities market extended its bearish trend on Friday, shedding N1.226 trillion as investors recorded losses in major stocks.
Post-recapitalisation: CBN tightens grip on governance
With a combined N4.65 trillion injected into the system within two years, Nigerian banks have emerged from the exercise with significantly stronger capital buffers, improved resilience, and enhanced capacity to take on larger and more complex financial transactions.
CBN launches FX manual, grants extractive firms full proceeds access
The Central Bank of Nigeria (CBN) has launched the 4th Edition of the Foreign Exchange Manual which grants foreign companies in the extractive industry 100 percent unfettered access to their export proceeds.
