By Peter Egwuatu Nigeria’s pension industry Net Asset Value, NAV, has increased significantly by 24.6% on the back of rising yield on investments in Federal Government of Nigeria (FGN) securities, according to data from the National Pension Commission (PenCom). The latest report from PenCom shows that total Assets under Management (AuM) rose Year-on-Year, Y-o-Y, to    […]

•Stakeholders lament structural challenges, make recommendations By Gabriel Ewepu Amidst efforts to diversify Nigeria’s economy, there are indications that dominance of foreign imported livestock products has been extended. Financial Vanguard’s findings from the National Bureau of Statistics, NBS, show that livestock and related products imports rose to N1.71 trillion in 2025, up by 14.5 per cent from […]

By Efe Onodjae  Visa International Service Association otherwise known as Visa Inc, has partnered with Zenith Bank to introduce the Visa Signature Card, a premium payment solution designed to meet the lifestyle and financial needs of affluent customers in Nigeria. The card was unveiled during a media briefing held at the Zenith Bank headquarters in Victoria […]

This means that a customer cannot operate the same bank mobile application on two different devices simultaneously in Nigeria.

“A BVN may remain on this temporary Watchlist for a maximum period of twenty-four (24) hours, during this period, the BVN owner shall be contacted to provide clarification regarding the identified transaction(s).”

By Babajide Komolafe RMB Nigeria Limited has announced Nigeria as the focus country for the 2026 edition of the RMB Latitudes Art Fair’s International Focus programme, an initiative that spotlights a different African country each year to promote cultural exchange and collaboration across the continent. RMB Nigeria, a member of the FirstRand Group and a leading […]

By Babajide Komolafe Governor of theCentral Bank ofNigeria, Olayemi Cardoso, yesterday said Nigeria’s ongoing macroeconomic reforms have positioned the economy to withstand potential shocks arising from escalating tensions in the Middle East. Cardoso stated this while delivering a Distinguished Alumni Lecture at the Founders Day celebration of St Gregory’s College Lagos in Lagos. He noted […]

By March 31, the ongoing recapitalisation of banks driven by the CBN will be over. Seen as one of the most ambitious exercises

Brent is up around 38 percent from the eve of the conflict, which began on February 28 when the United States and Israel launched airstrikes against Iran.

By Peter Egwuatu, Assistant Business Editor As at today, 12th March 2026, 30 banks out of the 35 banks operating in the country have met the recapitalisation requirement of the Central Bank of Nigeria, CBN, according to findings by Vanguard. The remaining five banks have 19 more days to meet the recapitalisation deadline which ends […]

By Jimoh Babatunde Nigeria may be losing as much as 50 per cent of the food produced in Lagos before it reaches consumers, a development stakeholders say highlights the urgent need for large-scale commercial farming to address the country’s growing food crisis. The disclosure was made in Lagos during the unveiling of a corporate farming initiative […]

By Godwin Oritse Shipping companies, freight forwarders and other port users have raised concerns over the potential impact of the ongoing crisis in the Middle East on cargo throughput into Nigerian ports. They warned that the situation could also worsen Nigeria’s inflation if the conflict in the region persists. Speaking with Vanguard on the development, Chairman […]

By Elizabeth Adegbesan The Federal Government’s spending on debt service payments fell year-on-year (YoY) by 38.5 percent to $405.3 million in January 2026 from N659.7 million in the corresponding period of 2025. Analysis of data contained in the Central Bank of Nigeria’s, CBN, International Payment report showed that the downward trend also reflected in the federal […]

By Cynthia Alo The Group Managing Director of Access Bank Plc, Mr.Roosevelt Ogbonna, has called on African policymakers, financiers and businesses to deepen collaboration in order to accelerate intra-African trade and unlock the continent’s economic potentials. Ogbonna made the call yesterday while welcoming participants to the Africa Trade Conference (ATC) 2026 in Cape Town, South Africa, […]

•Urges operators of factories abroad to consider local manufacturing By Yinka Kolawole The Minister of Industry, Trade and Investment, Jumoke Oduwole, has said traders operating within the Lagos International Trade Fair Complex corridor contribute billions of naira to Nigeria’s Gross Domestic Product (GDP), describing the axis as one of the most vibrant commercial hubs in West […]