By Peter Egwuatu The Chartered Institute of Stockbrokers (CIS) has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and growth of Nigeria’s capital market. At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants emphasised that decisive reforms were essential for positioning the market as a catalyst for national economic transformation. […]

A new report by the Central Bank of Nigeria (CBN) shows that banks recorded increased default rates on secured loans in the third quarter of 2025 (Q3’25), even as credit availability rose across various lending categories.

By Godwin Oritse  Nigeria accounts for less than 2.3 percent of the global seafaring workforce, with only about 6,000 sailors registered out of the 1.9 million seafarers listed worldwide. Capt. Rasheed Onakoya of the Nigerian Association of Master Mariners (NAMM), disclosed this in a presentation at the quarterly lecture of the association, adding that only deliberate […]

By Udeme Akpan & Sebastine Obasi The Nigerian Upstream Regulatory Commission, NUPRC, said the nation’s oil output has  exceeded 1.7 million barrels per day, bpd, several times this year. Chief Executive of the Commission, Engr. Gbenga Komolafe disclosed this at the capacity building training for journalists in Lagos, yesterday. He also said Nigeria’s rig count, an […]

IMF applauds turnaround, clearing of FX backlog  Emma Ujah, Abuja Bureau Chief  The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso yesterday said that the nation’s external reserves has risen to $46.7 billion, representing the highest in seven years, since 2028. Cardoso disclosed this in Abuja at the opening of the Monetary Policy Department […]

The Federal Government has commenced the National Single Window (NSW) User Acceptance Testing (UAT) with the first cohort of participating stakeholders to ensure the unified and technology-driven trade ecosystem becomes operational by March 2026. The technology vendor CrimsonLogic, yesterday, walked each agency and stakeholder through NSW’s onboarding process, system navigation features and the operational framework […]

‎‎By Rosemary Iwunze‎‎As part of its strategic commitment to enhance customer experience and expand digital access to insurance services, Linkage Assurance Plc has launched its new mobile application, now available for download on both iOS and Android platforms. ‎The Linkage Assurance App offers Nigerians a seamless, secure, and convenient way to purchase, verify, and manage […]

The CBN Governor, Cardoso, disclosed this at the opening of the Monetary Policy Department’s 20th anniversary colloquium in Abuja

By Providence Ayanfeoluwa The Association of Issuing Houses of Nigeria, AIHN, has said that the Central Bank of Nigeria, CBN, aggressive interest rate hikes boosted investors’ demand for fixed income instruments in 2024. President of the association, Kemi Awodein, speaking during the AIHN’s Annual General Meeting and presentation of 2024 financial statements in Lagos, said […]

By Babajide Komolafe President Bola Tinubu’s bold tax reform initiatives are central to Nigeria’s strategy for economic resilience, Dr. Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service, FRSC, has said. Speaking at the maiden lecture series of the University of Ilesa, Osun State, Adedeji told academics, policymakers, students, and industry leaders at the […]

•Highest in Ogun, lowest in Yobe By Elizabeth Adegbesan Contrary to the feelers in the public space hinting that prices of some food items are going down, the National Bureau of Statistics, NBS, has said that on the average, the prices were going higher in the month of October 2025 as against previous month of September. But […]

The National Bureau of Statistics, NBS, today said headline inflation rate eased by 1.97 percentage points to 16.05 percent in October from 18.02 percent in September 2025.

•Loan book size drops 20.3%, finance cost declines 52.8%   •Profit rebounds to N2.5trn  •Sector’s delinking from real economy, worrisome trend —Muda Yusuf  •Banks’ income may fall below expectations —Adonri  •This is fragile recovery —Egbomeade By Peter Egwuatu, Asst. Business Editor Against the backdrop of high interest rate regime, leading manufacturers have scaled down bank borrowings significantly. Details […]

By Cynthia Alo The Nigeria Customs Service (NCS), Port and Terminal Multiservices Limited (PTML) Command, said on Tuesday it intercepted a cocaine shipment worth N29.4 billion. Comptroller Joe Anani, Area Controller of the PTML Command, told reporters the drugs were discovered in an empty 20-foot container brought in from Freetown, Sierra Leone, during a routine disinfection […]

By Peter Egwuatu  Fidelity Bank Plc has recorded a gross earning of N748,7 billion for the half-year ended 30 June 2025, H1’25,representing a 46% growth from N512.9 billion  recorded in the same period 2024, HI’24. Highlights of the financial results which was uploaded on the Nigerian Exchange Limited, NGX shows that the bank delivered robust results […]