Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG
By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
Nigeria’s oil output drops 9% to 1.483m bpd
•As NUPRC shortlists investors for 50 oil blocks By Udeme Akpan, Energy Editor Nigeria’s oil output, including Condensate, has dropped month-on-month, MoM, by nine per cent to 1.483 million barrels per day, bpd in February 2026 from 1.627 million bpd in January 2026. The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, disclosed this yesterday in its report – […]
National Single Window will fail without necessary infrastructure — Maritime expert
By Providence Ayanfeoluwa Industry expert and Chief Consultant at Global Transport Policy, Dr. Segun Musa, has described the National Single Window, NSW, as a shell to house agencies, adding that Nigerians should not expect the project to transform cargo clearance. He said that unless the agencies under the NSW are properly equipped with infrastructure, the initiative […]
NGX ASI crosses historic 200,000 marks as stock market rally continues
By Peter Egwuatu Nigeria’s stock market hit a major milestone on Monday, with the Nigerian Exchange Limited, NGX, All-Share Index (ASI) crossing the 200,000-points mark, buoyed by strong investor demand and broad-based gains across key sectors. The benchmark Index rose 1.55% to close at 201,474.89 points, up from 198,407.30 points in the previous trading session. This […]
FCMB completes N500bn recapitalisation, retains international license
FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and has secured its international banking licence after obtaining all required regulatory approvals. The Group raised more than N400 billion through a series of transactions, including public equity offerings, a convertible instrument, and a minority divestment in one of its […]
FGN Securities rises 16.7%, boosts pension fund assets to N28trn
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 […]
