Stock market rebounds as investors gain N9.3trn in 5 days
By Peter Egwuatu The Nigerian stock market recorded a strong rebound closing bullish last week’s trading with investors gaining N9.342 trillion. The Nigerian Exchange Limited, NGX, had recorded a loss of over N1.8 trillion previous week following a wave of selloffs that had hit the market since last week of June, 2026. Breakdown of trading last […]
Truckers warn Lagos extortion crippling port logistics, petition Presidency
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 […]
FG threatens to withdraw licenses of dormant oil blocks
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 […]
Why many Nigerians choose non-interest banking – Summit Bank CEO
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
Sterling Bank, FBN, Ecobank, 21 others reach recapitalisation goal
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 […]
UK investors lead Nigeria’s foreign inflow with $48m
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 […]
