Oando grows half year revenue to N2.1trn
Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation.
Nigeria’s 2026 outlook brightens, but oil, FX and policy shocks still pose risks —PwC
By Peter Egwuatu Nigeria’s economic outlook for 2026 shows encouraging signs of stability and renewed business confidence, but experts at PricewaterhouseCooper, PwC, warned that the gains remain fragile and highly exposed to oil market volatility, foreign exchange pressures and policy-induced shocks. This was the consensus at the PwC and Businessday Executive Roundtable, on Nigeria’s 2026 Budget […]
Payment downtime spikes during ‘Detty December’, CBN reveals
By Babajide Komolafe The Central Bank of Nigeria, CBN, has disclosed that payment system downtime and service interruptions increased significantly during the December festive season, popularly known in Lagos as “Detty December,” exposing coordination gaps across Nigeria’s digital payments ecosystem. According to the CBN Fintech Report, insights drawn from surveys of fintech executives, stakeholder workshops and […]
Nigerian content policy not targeted at foreign oil companies — FG
By Obas Esiedesa, Abuja The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has clarified that the Nigeria’s local content policy was not designed to restrict scope of operation of foreign oil companies in the country’s oil and gas sector. Lokpobiri spoke at the pre-conference opening of the 2026 Nigeria International Energy Summit (NIES) in […]
New tax law: NTPIC emphasises need for clear communication, public trust
By Cynthia Alo The National Tax Policy Implementation Committee (NTPIC) has continued its stakeholder engagement programme, convening a high-level consultative session with leading tax advisory firms, professional bodies and institutional representatives to support the effective implementation of Nigeria’s newly enacted tax laws. The institutions were represented by their national presidents, while the advisory firms were represented […]
Nigeria’s fintechs raise $520m, lead Africa amidst interest rate pressure — CBN
•Urges domestic funding to sustain fintech growth •Says over 60% of fintechs eye regional expansion By Babajide Komolafe, Economy Editor Nigeria’s fintech ecosystem remained Africa’s leading innovation hub in 2024, raising over $520 million in equity funding despite rising global interest rates and tightening financial conditions, the Central Bank of Nigeria (CBN) has disclosed. According to […]
