The CBN mandated that banks must publicly disclose the appointment of successor MD/CEOs at least three months before the outgoing chief vacates office.

By Yinka Kolawole   The Manufacturers Association of Nigeria (MAN) has commended the Federal Government over the suspension of the 4% Free-on-Board charge on imports recently reintroduced by the Nigeria Customs Service (NCS), which came into effect on August 4, 2025.   In a statement yesterday, Director General of MAN, Segun Ajayi-Kadir, said the move comes as a […]

By Obas Esiedesa, Abuja The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri has called for a deeper regional integration to tackle the $120 billion energy import bill faced by African countries annually.   Lokpobiri, who made the call at the Africa Oil Week (AOW) 2025 Ministerial and CEO Leadership Forum in Accra, Ghana, stressed […]

By Bashir Bello  The Central Bank of Nigeria, CBN has reiterated ist unwavering commitment to financial inclusiveness and stimulate productivity towards sustainable economic growth and development of Nigeria. The CBN Governor, Olayemi Cardoso  made this known during a fair it organized in Kano to sensitize the public on policies introduced by the bank to enhance their […]

By Udeme Akpan, Energy Editor Private depots in Lagos and environs were deserted, yesterday, as the Dangote Petroleum Refinery rolls out its direct petrol supplies. Checks by Vanguard indicated that private depots were deserted because the operators expected to benefit from the direct supplies. A source that pleaded to be anonymous, said: “The Dangote Petroleum Refinery […]

In Nigeria, one of the most common questions asked daily is “How much is dollar to naira today?

… we’re creating jobs, not displacing anyone By Udeme Akpan,  Energy Editor President/Chief Executive, Dangote Petroleum Refinery, Aliko Dangote, has declared that since the refinery began producing petrol a year ago, Nigeria’s five-decade-long struggle with fuel queues has finally come to an end. Speaking at a conference to mark the first anniversary of the launch […]

…as post-harvest losses stand at $10bn annually By Gabriel Ewepu THE Minister of Agriculture and Food Security, Sen Abubakar Kyari, yesterday, reaffirmed the Federal Government’s resolve to revitalise the nation’s silos concession programme in a bid to address post-harvest losses and reduce wastage. Speaking during a high-level meeting with the delegation from the Infrastructure Concession Regulatory […]

…As entrepreneurs compete for N1mn grants By Providence Ayanfeoluwa  FATE Foundation has announced plans to hold the 10th FATE Business Conference with a view to exploring the transformative power of Artificial Intelligence, AI in driving business growth, innovation, and sustainability. The conference themed: “The Al Powered Business,” is scheduled to hold on September 26, 2025, at […]

•As Borno state records highest YoY food inflation  By Elizabeth Adegbesan  Nigeria’s inflation rate eased by1.76 percent to 20.12 percent in August 2025 from 21.88 percent in July 2025. This represents the 5th consecutive month decline since April 2025 when it stood at 23.71 percent . The National Bureau of Statistics,  NBS, disclosed this on Monday, in […]

A new report from geopolitical and economic research firm, SBM Intelligence, has highlighted FCMB Group’s recapitalisation strategy as a standout example of prudent financial management and strategic foresight.

…Secures $1bn funding African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC) to catalyse large-scale trade in raw materials, minerals and value-added products from across Africa. Afreximbank, through the Fund for Export Development in Africa (FEDA), established ATDC in collaboration with Arise Integrated Industrial Platforms (Arise IIP), Equitane DMCC and the African […]

•Dips to 24% in 2024 By Yinka Kolawole Creation of new businesses in Nigeria have been on a downward trend over the past three years, a new report has revealed. The 2024 State of Entrepreneurship (SoE) Report just released by Fate Foundation, a non-profit private-sector led organisation, shows that the business birth rate in Nigeria fell […]

By Providence Ayanfeoluwa Nigeria would require a minimum annual growth rate of 21.9 percent at an exchange rate of N1,500/$ or stronger exchange rate at a slower growth rate to attain $1 trillion economy valuation by 2031, Afrinvest West Africa Limited has predicted. Afrinvest projected this in in its 20th Nigeria Banking Sector Report 2025 entitled, […]

By Providence Ayanfeoluwa The Importers Association of Nigeria, IMAN has declared that the 4 percent free on-board, FOB levy is estimated to add N4 trillion annually to freight costs-burden that would be transferred directly to consumers. Speaking at its National Executive Committee meeting, National President/Board of Trustee Chairman, Chief Gilbert Obi, warned that the levy would […]