Dangote to launch own shipping fleet to boost maritime operation
By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
Wall Street intends to stay open around the clock
With extended hours, Wall Street may be able to attract smaller investors and those outside the Americas. Nearly 18 percent of US shares
Bank customers’ complaints grow by 143%, as CBN resolves 9,771
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, said it resolved 9,771 out of 10,704 bank customers’ complaints in the first half of the year (H1’25). CBN disclosed this in its latest Financial Stability Report, noting that the number of complaints received in H1’25 grew by 143.3 percent year-on-year (YoY) from 4,398 complaints in H1’24. […]
Banks, fintechs facilitate N162bn crypto, N18.7bn scam — EFCC
By Luminous Jannamike The Economic and Financial Crimes Commission (EFCC) has uncovered widespread compromise within Nigeria’s financial system, revealing that commercial banks, fintech companies and microfinance banks facilitated the movement of N162 billion in cryptocurrency transactions and N18.7 billion in fraud proceeds without due diligence, facilitating scams that affected more than 900,000 Nigerians. The Commission said the […]
2026 Macroeconomic Outlook: EnterpriseNGR report presentation sees further stability
By Emeka Anaeto, Business Editor As Nigeria’s economic reforms enters its third year analysts have remained largely optimistic that a sustained policy measures would result in stability across key macroeconomic indicators. This was the major content in the 2026 EnterpriseNGR macroeconomic outlook launched yesterday in Lagos. Speaking on the outlook, Omotayo Muritala, Head of Research at […]
N4trn debt: FG bows to pressure, pays N152bn to contractors
By Emma Ujah The Federal Ministry of Finance (FMF) has confirmed the payment of the sum of N152 billion to contractors out of the total debt estimated at N4 trillion, explaining that the delay in payment was due to the verification process. This came at the backdrop of the long standing protests by the contractors […]
