eTranzact partners SMEDAN to expand digital access for SMEs
By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
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 […]
NBS drops old consumption habits, refreshes inflation data
By Cynthia Alo The National Bureau of Statistics, NBS, has dropped outdated consumption habits that no longer reflect how Nigerians live and spend, following a long-overdue rebasing of the Consumer Price Index, CPI. Speaking at a virtual stakeholder engagement on the December 2025 inflation figure, organised with the Nigerian Economic Summit Group, NESG, the Statistician-General of […]
