The warning formed the crux of deliberations at a session hosted by LBS under its Family Business Initiative, examining weak governance

•Rising debt restricts power generation •Consumers slam DisCos for non-transparency, demand mass metering •Operators knock Presidency over exit from national grid By Obas Esiedesa At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to billing and collection […]

•Cabinet ministers, UN agencies lead discussions  •Private sector leaders sign up By Emeka Anaeto, Business Editor Activities ahead of the hosting the 2026 edition of Vanguard Economic Summit (VES’26) have reached advanced stage with key partners gearing up for incisive discussions around the Summit theme. Themed, “Food Security and Socio-economic Stability: Options for Nigeria’s Agriculture Sector Rebound”, […]

By Peter Egwuatu   Trading on the Nigerian Exchange (NGX)  closed Week on Week, WoW, on a positive note, as investors reaped over N1.765 trillion from their investment listed on the Nigerian Exchange Limited, NGX in the three days trading sessions last week. Specifically, the NGX market capitalisation, which represents the total value of listed equities, surged […]

In this interview, Manpreet Gill, Chief Investment Officer, Africa, Middle East, and Europe, Standard Chartered Bank, speaks on global market outlook for 2026, with a particular reference to Nigeria’s investment outlook for the year. By Yinka Kolawole  How would you summarise global market performance recently, and what are the key themes shaping your outlook for 2026? […]

By Providence Ayanfeoluwa The Standards Organisation of Nigeria, SON, has expressed support to deployment of the National Single Window, NSW, platform for international trade in Nigeria, amidst growing controversy around the initiative. NSW is a digital platform designed to streamline import and export processes across Nigeria’s trade environment. The NSW initiative, scheduled to commence operations on […]

The Central Bank of Nigeria (CBN) has reiterated its commitment to advancing an inflation-targeting monetary policy framework, emphasizing the goal of steering headline inflation into a 6–9 percent range.

The Nigerian Shippers’ Council approved the increase in shipping charges after a due process spanning over two years, culminating in final authorisation for carriers to implement the adjustment.

By Sebastine Obasi The Chief Executive Officer of Falcon Corporation Limited, Audrey Joe-Ezigbo, has called on Nigeria’s energy industry to deepen its commitment to appointing women to top leadership positions, particularly across the gas value chain, as the sector commemorates International Women’s Day (IWD) 2026. Audrey made this call as part of the global celebration of […]

By Godwin Oritse The Executive Secretary/Chief Executive Officer of the Nigerian Shippers Council, Akutah Pius, has urged freight forwarders to adopt dialogue as a constructive approach to resolving disputes, cautioning against industrial actions that could disrupt the nation’s economy. He made the appeal in response to the picketing of the offices of Mediterranean Shipping Company, MSC, […]

By Yinka Kolawole,  With agency report Nigeria recorded the sharpest increase in the pump price of petrol worldwide at the backdrop of the war in the Middle East, an analysis of  Global Petrol Prices has revealed. The breakdown according to TheCable shows that Nigeria recorded a 39.5 percent increase in pump prices between February 23 and March 16, […]

…Crude oil exports decline 14.41% to $31.54bn…Foreign portfolio investments down 48.3% to $8.04…Current account surplus falls 26%By Babajide Komolafe, Economy Editor and Elizabeth Adegbesan Nigeria’s external sector faced significant headwinds in 2025, as the country’s overall Balance of Payments (BOP) surplus plummeted by 38.1 per cent to $4.23 billion, down from the $6.83 billion recorded […]

By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey has showed that 42.7 percent of respondents perceived interest rates on bank loans to be high in the past three months. This formed the key highlight of the apex bank’s Consumer Expectation Survey report for February 2026. The respondents made this remark when asked how the […]

By Rosemary Iwunze As the conflict involving United States, Israel and Iran escalates in the Middle-East, Nigeria insurance industry may face rising reinsurance costs. Commissioner for Insurance, Mr. Olusegun Omosehin, who disclosed this, noted that the crisis could trigger rising claims globally, leading to higher reinsurance pricing. The development, according to Omosehin, would inevitably affect Nigerian […]

United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria. UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, stated this while hosting representatives of the Nigerians in Diaspora Commission (NiDCOM) led by its Chairman/CEO, Hon. Abike Dabiri, at the bank’s UK office earlier in the […]