Nigeria must manufacture meters locally, secure sustainable financing — Experts
By Esther Ihejirika Electricity sector experts have called for increased local meter manufacturing, sustainable financing and wider adoption of smart technology to accelerate meter deployment and close Nigeria’s metering gap. They made the call during a webinar on rapid meter rollout, stressing the need for a coordinated national metering plan to improve revenue collection, reduce […]
Diaspora remittances stabilises at $21.8bn in 2025 amid global pressures
•Sub-Saharan Africa remains most expensive By Babajide Komolafe Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard analysis of data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin for fourth quarter 2025, Q4’25, showed […]
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 […]
