Digital Finance growth outpaces confidence — Bridgforte
The rapid growth in digital finance is outpacing public confidence in the financial ecosystem, prompting the Bridgforte Centre for Global Impact to launch a new governance framework and the Trust Lab to strengthen trust in platform-led finance.
Nigeria @ 65: Manufacturers highlight major pain points
By Yinka Kolawole At the backdrop of Nigeria’s 65th independence anniversary celebrations, manufacturers in the country have lamented their dwindling fortunes occasioned by high interest rates, energy costs, regulatory uncertainties and infrastructure deficits, among other binding constraints. Available statistics indicate a declining trend in the manufacturing sector’s contribution to the nation’s Gross Domestic Product (GDP). For […]
UK steel industry set for worst crisis as EU hikes tariffs
The European Union’s decision to hike steel tariffs and sharply cut import quotas has provoked widespread concern in the UK, as well as rumblings of discontent among carmakers on the continent. The bloc announced plans to reduce tariff-free quotas on imported steel – proposing a reduction of 47% compared to 2024 steel quotas – and to […]
Non-oil exports: Local investors lose out of N4.8trn boom
By John Alechenu, ABUJA Amid rapid expansion in Nigeria’s non-oil exports, there are indications that local operators in the sector are losing out to their foreign counterparts, especially those from Asian countries, notably, Indians, Chinese, Lebanese and Vietnamese. Also industry operators have indicated that the expected economic benefits of a diversification from oil-dependent to non-oil export are […]
PMI surges to 54.0 in September — CBN
By Yinka Kolawole Nigeria’s economy maintained upward momentum in September 2025, as the Purchasing Managers’ Index (PMI) rose to 54.0 points from 51.7 points in August, marking the tenth consecutive month of expansion. According to the latest PMI report released by the Central Bank of Nigeria (CBN), the index indicated stronger expansion in business activity across key […]
EQUITIES: Investors’ gains skyrocket ahead of Q3 earnings, Sept inflation data
By Peter Egwuatu Investors raked N2.16 trillion profit, highest week-on-week so far and the fifth consecutive week upswing, coming ahead of the third quarter 2025, Q3’25, earnings report and inflation data for September. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which shows the total value of equities on the Exchange, closed on Friday at N93.296 trillion […]
Cardoso reaffirms collaborative approach to economic coordination
Cardoso has underscored the importance of clear communication, credible data, and strong coordination between fiscal and monetary authorities
CBN orders banks to refund failed ATM transactions within 48 hours
The new guideline also requires banks and ATM operators to deploy advanced systems that automatically reverse failed or partial transactions.
We’re partnering top firms to deliver Nigeria’s first floating LNG project — UTM
By Udeme Akpan, Energy Editor The Group Managing Director/CEO of UTM Offshore Limited, Dr. Julius Rone, has said that the company is working with top engineering companies and other partners to execute Nigeria’s first Floating Liquefied Natural Gas (FLNG) project. He stated that the project, located offshore Akwa Ibom State, has made significant progress because of […]
National Single Window project’ll reduce cargo clearance costs — CRFFN
•It will spur compliance in Nigeria’s external trade —Fakolade By Godwin Oritse The Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Mr. Kingsley Igwe, has said that the adoption of the National Single Window (NSW) project in the country’s import and export processes will not only cut down the cost and […]
POWER: Bilateral companies owe Nigeria $8.5m — NERC
By Yinka Kolawole, with agency report The Nigerian Electricity Regulatory Commission (NERC) has reported that some international bilateral companies owe Nigeria’s electricity generation companies (GenCos) about $8.5 million in unpaid power supply. In its latest quarterly report, the Commission said the companies made a payment of $9.015 million from an invoice of $17.54 million issued to them […]
