The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for  Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory letter to the bank, dated January 12, […]

By Emma Ujah, Abuja Bureau Chief The Nigeria Revenue Service (NRS) has clarified that there was no fresh imposition of Value-Added Tax (VAT) on banking services.  In a statement yesterday, the NRS said VAT has always applied to banking services and not newly introduced under the new Nigeria Tax Act. The statement signed by Dare Adekanmbi, […]

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate fell by 2.18 percentage points  to  15.15 percent in December 2025 from 17.33 percent in November 2025. The NBS disclosed this in its Consumer Price Index (CPI), report for December 2025. Recall, early this week that the NBS adjusted its CPI methodology […]

By Emeka Anaeto & Babajide Komolafe There are indications that the Federal Government is set for a major shift in its economic policy direction in 2026, focusing more on delivering tangible improvement in livelihood of citizens than in achieving positive macroeconomic figures. This formed the key content of the speech delivered by the Minister of Finance and […]

The commission did not provide reasons in its report released Thursday, but there were indications that it might be fueled mainly by limited investment and production.

Nigeria’s exit from the European Union’s high-risk third-country list is a major boost for investor confidence, the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, has said, as the government moves to prioritise affordable food, housing, and job creation in the next phase of reforms.

•Says RCCG Economic Summit targets clarity on reforms, investments By Babajide Komolafe Economic reforms currently being implemented by the Federal Government, though painful in the short term, are laying the foundation for sustainable growth and long-term investment opportunities, Pastor Ben Akabueze, former Director-General of the Budget Office of the Federation, has said. Akabueze made the assertion […]

By Godwin Oritse The Council of Maritime Transport Unions and Associations (COMTUA), owners of articulated trucks on Nigerian roads, has petitioned President Bola Tinubu over what it described as the failure of the Lagos State government to protect truckers and other road users from widespread extortion, harassment and intimidation by organized street urchins. In a petition […]

By Udeme Akpan & Sebastine Obasi The Federal Government is set to revoke the licenses of some oil blocks in the country over delays in development of the oil blocks by the license holders. Confirming this yesterday at the Licensing Round Pre-bid Conference in Lagos, Minister of State, Petroleum Resources, Heineken Lokpobiri, added that there will be […]

In this interview with Emeka Anaeto, Business Editor of Vanguard Newspaper, the Managing Director of Summit Bank Limited, Dr. Sirajo Salisu, gave insight into the operations in the sub-sector

By Nkiruka Nnorom In an evolving development, 23 Nigerian banks, including Sterling Bank, First Bank of Nigeria (FBN), and several others, have successfully met the new capitalisation requirements set by the Central Bank of Nigeria (CBN). The accomplishment is a significant step toward strengthening the resilience of the country’s banking sector, which is critical in […]

By Yinka Kolawole THE Federal Ministry of Industry, Trade and Investment (FMITI) has revealed that the United Kingdom was the dominant source of new foreign investment into Nigeria in 2025, with roughly 65 percent of capital inflows, underlining the renewed appeal of the country to international investors. The inflows followed the activation of the UK–Nigeria Enhanced […]

By Cynthia Alo The National Bureau of Statistics, NBS, has   dropped outdated consumption habits that no longer reflect how Nigerians live and spend, following a long-overdue rebasing of the Consumer Price Index, CPI. Speaking at a virtual stakeholder engagement on the December 2025 inflation figure, organised with the Nigerian Economic Summit Group, NESG, the Statistician-General of […]

By Peter Egwuatu   Nigeria’s mutual funds are seeing strong growth, with total assets rising 92.6 per cent in one year as more investors put money into these investment products. According to data from the Securities and Exchange Commission (SEC), the total Net Asset Value (NAV) of mutual funds reached N7.416 trillion on November 28, 2025, up […]

By Peter Egwuatu Zichis Agro Allied Industries Plc , has concluded arrangements to list 6000,000,000 ordinary shares of 50 kobo each at N1.81 per share on the floor of the Nigerian Exchange Limited, NGX following approval of the regulatory authorities. The company, at its completion board meeting for the listing by introduction on the Growth […]