Eastern Ports Rehabilitation: FG awards Escravos Channel dredging, breakwater reconstruction
As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
NGX ASI crosses historic 200,000 marks as stock market rally continues
By Peter Egwuatu Nigeria’s stock market hit a major milestone on Monday, with the Nigerian Exchange Limited, NGX, All-Share Index (ASI) crossing the 200,000-points mark, buoyed by strong investor demand and broad-based gains across key sectors. The benchmark Index rose 1.55% to close at 201,474.89 points, up from 198,407.30 points in the previous trading session. This […]
FCMB completes N500bn recapitalisation, retains international license
FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and has secured its international banking licence after obtaining all required regulatory approvals. The Group raised more than N400 billion through a series of transactions, including public equity offerings, a convertible instrument, and a minority divestment in one of its […]
FGN Securities rises 16.7%, boosts pension fund assets to N28trn
By Peter Egwuatu Nigeria’s pension industry Net Asset Value, NAV, has increased significantly by 24.6% on the back of rising yield on investments in Federal Government of Nigeria (FGN) securities, according to data from the National Pension Commission (PenCom). The latest report from PenCom shows that total Assets under Management (AuM) rose Year-on-Year, Y-o-Y, to […]
LIVESTOCK ECONOMY: Importation extends dominance, rises 14.5% to N1.7trn
•Stakeholders lament structural challenges, make recommendations By Gabriel Ewepu Amidst efforts to diversify Nigeria’s economy, there are indications that dominance of foreign imported livestock products has been extended. Financial Vanguard’s findings from the National Bureau of Statistics, NBS, show that livestock and related products imports rose to N1.71 trillion in 2025, up by 14.5 per cent from […]
Visa partners Zenith Bank to launch signature card for affluent customers
By Efe Onodjae Visa International Service Association otherwise known as Visa Inc, has partnered with Zenith Bank to introduce the Visa Signature Card, a premium payment solution designed to meet the lifestyle and financial needs of affluent customers in Nigeria. The card was unveiled during a media briefing held at the Zenith Bank headquarters in Victoria […]
