By Obas Esiedesa, Abuja NNPC Limited on yesterday  disclosed that oil production by its upstream subsidiary, NNPC E&P Limited (NEPL), has reached 355,000 barrels per day.  The company in a statement by Chief Corporate Communications Officer, Andy Odeh said the milestone was achieved on December 1, 2025, representing its highest daily output since 1989.  Odey noted […]

By Emma Ujah, Abuja Bureau Chief   The Central Bank of Nigeria (CBN) has launched a major overhaul of the Agricultural Credit Guarantee Scheme Fund (ACGSF), unveiling a new strategic direction aimed at expanding credit access to smallholder farmers and accelerating national food security efforts. Speaking in Abuja at the inauguration of the reconstituted ACGSF Board, CBN Governor, […]

By Rosemary Iwunze SUNU Assurances Nigeria Plc has secured the approval of its shareholders to embark on a major recapitalisation exercise aimed at raising N9 billion to meet new statutory capital requirements imposed under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. At the company’s Extraordinary General Meeting (EGM) held in Lagos, shareholders endorsed multiple […]

China has offered a significant boost to Nigeria’s export ambitions after its ambassador in Abuja, Yu Dunhai, announced that Beijing is prepared to fast-track a zero-tariff policy for Nigerian goods ahead of schedule. The move signals a fresh push to strengthen economic ties as both countries mark 55 years of diplomatic relations and prepare for the […]

By Yinka Kolawole Binding constraints have continued to slow down the growth of the manufacturing sector, with the sector recording a growth of 1.25 percent in the third quarter of 2025 (Q3’25), according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS). Analysis of the Q3’25 GDP report […]

By Elizabeth Adegbesan As part of the Federal Government, FG’s borrowing plan for the 2025 budget, the Central Bank of Nigeria, CBN, has issued Treasury Bills, TBs, to raise N4.72 trillion in the fourth quarter of 2025 (Q4’25). This represents a 168 percent quarter-on-quarter (QoQ) increase when compared to N1.76 trillion sold in Q3’25. The CBN […]

By Peter Egwuatu Nigeria has been ranked among top global sources of cybercrime given the reported huge losses in 2023. The Managing Director/ CEO, Union Bank Nigeria, Mrs.Yetunde Oni, revealed this during the 63rd Quarterly General Meeting, QGM, of the Association of Chief Audit Executives of Banks in Nigeria, ACAEBIN, held in Lagos over the weekend. […]

By Emma Ujah, Abuja Bureau Chief   The Federal Government, FG, is set to implement full cashless policy in the collection of its revenues, banning cash payments, with effect from January 1, 2026. Under the arrangement there will be a new mandatory e-receipt system (FTeR)  and full-scale rollout of the Revenue Optimisation (RevOp) Platform. A document released by […]

Cornerstone Insurance Plc, one of Nigeria’s foremost and most trusted insurance companies reaffirmed its leadership in Nigeria’s insurance landscape after securing two major recognitions at the prestigious industry awards held in Lagos. The company won Most Innovative Digital Insurance Company of the Year and Excellence in Technology Deployment – Insurance Service Company of the Year, […]

•Billing, collection efficiency on the rise – NERC • Experts disagree, say customers are being cheated By Ediri Ejoh The Nigerian Electricity Regulatory Commission, NERC, and experts in the sector appear to be singing a different song  over the factors driving the  increase in the revenue of  electricity distribution companies, DisCos. While NERC attributed the increase in […]

•2026 positioning begins By Peter Egwuatu  The Nigerian stock market has recovered from losses it recorded in November as investors gained N2.436 trillion in the five trading days of last week. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which represents the total value of shares listed on the Exchange, rose to N93.722 trillion on Friday […]

By Rosemary Iwunze‎ ‎In another affirmation of its leading status in the comity of insurers in Nigeria, SanlamAllianz Nigeria was named amongst the top 50 Good to Great Companies (Certified) by Business Times, a growing business and finance publication based in Lagos. The honour recognises forward-looking companies operating in Nigeria with sound corporate governance, visible […]

By Rosemary Iwunze‎‎FSL Insurance Brokers Limited, a leading insurance brokerage firm in Nigeria, has officially launched “FSL Insure”, a new mobile and web application designed to simplify, modernize, and expand access to insurance products for individuals and businesses nationwide. The FSL Insure app offers a fully digital insurance experience, allowing users to explore, compare, purchase, […]

As Black Friday 2025 unfolds across Nigeria, new insights from Jumia’s third quarter, Q3’25 financial results reveal that more Nigerians are relying on digital retail to navigate inflation and rising living costs.  The data points to a more deliberate, value-driven shopper, one using online platforms to stretch budgets, compare options quickly, and extract more value from […]

By Babajide Komolafe, Economy Editor Renowned economist and Chief Consultant at B. Adedipe Associates Limited, Professor Biodun Adedipe, has said Lagos State must aggressively deepen wealth creation if it aims to build an inclusive, resilient, and globally competitive economy. Speaking yesterday at the Roundtable Discussion on Lagos Economic Outlook 2026, Adedipe stressed that the state stands […]