By Udeme Akpan,  The President, Lagos Chamber of Commerce and Industry, LCCI, Mr. Gabriel Idahosa, has identified inadequate infrastructure, transmission lines, weak distribution networks, and insufficient investment in off-grid systems as major problems affecting power supply in Nigeria. Speaking at the Lagos Chamber of Commerce and Industry Power Conference in Lagos, yesterday, Idahosa stated: “The reality […]

By Peter Egwuatu Nigeria’s mutual fund industry has recorded further surge, with total Net Asset Value (NAV) climbing to a remarkable N7.3 trillion in 10 months ending October 24, 2025, an impressive 96.98% growth from N3.7 trillion in the same period 2024. The rise in mutual funds is a reflection of investors’ appetite for regulated and […]

By Elizabeth Adegbesan A Central Bank of Nigeria,  CBN,  survey report has shown that banks recorded increased default rates on secured loans in the third quarter of the year, Q3’25. Surprisingly, the CBN report titled: “Credit Condition Survey” which was released yesterday, showed that the default rates on unsecured loans were lower during the review period.  However, […]

By Peter Egwuatu The Chartered Institute of Stockbrokers (CIS) has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and growth of Nigeria’s capital market. At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants emphasised that decisive reforms were essential for positioning the market as a catalyst for national economic transformation. […]

A new report by the Central Bank of Nigeria (CBN) shows that banks recorded increased default rates on secured loans in the third quarter of 2025 (Q3’25), even as credit availability rose across various lending categories.

By Godwin Oritse  Nigeria accounts for less than 2.3 percent of the global seafaring workforce, with only about 6,000 sailors registered out of the 1.9 million seafarers listed worldwide. Capt. Rasheed Onakoya of the Nigerian Association of Master Mariners (NAMM), disclosed this in a presentation at the quarterly lecture of the association, adding that only deliberate […]

By Udeme Akpan & Sebastine Obasi The Nigerian Upstream Regulatory Commission, NUPRC, said the nation’s oil output has  exceeded 1.7 million barrels per day, bpd, several times this year. Chief Executive of the Commission, Engr. Gbenga Komolafe disclosed this at the capacity building training for journalists in Lagos, yesterday. He also said Nigeria’s rig count, an […]

IMF applauds turnaround, clearing of FX backlog  Emma Ujah, Abuja Bureau Chief  The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso yesterday said that the nation’s external reserves has risen to $46.7 billion, representing the highest in seven years, since 2028. Cardoso disclosed this in Abuja at the opening of the Monetary Policy Department […]

The Federal Government has commenced the National Single Window (NSW) User Acceptance Testing (UAT) with the first cohort of participating stakeholders to ensure the unified and technology-driven trade ecosystem becomes operational by March 2026. The technology vendor CrimsonLogic, yesterday, walked each agency and stakeholder through NSW’s onboarding process, system navigation features and the operational framework […]

‎‎By Rosemary Iwunze‎‎As part of its strategic commitment to enhance customer experience and expand digital access to insurance services, Linkage Assurance Plc has launched its new mobile application, now available for download on both iOS and Android platforms. ‎The Linkage Assurance App offers Nigerians a seamless, secure, and convenient way to purchase, verify, and manage […]