Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
NECA berates NAFDAC for defying FG’s directive on sachet alcohol ban
The Nigeria Employers’ Consultative Association, NECA, has raised alarm over the renewed enforcement by the National Agency for Food and Drug Administration and Control, NAFDAC, of a ban on the production and sale of alcoholic beverages in sachets and small PET bottles, describing the move as a serious regulatory misstep with far-reaching economic and governance consequences. […]
Dangote, NNPC seal strategic gas agreements
By Udeme Akpan Towards meeting the energy demands of their ongoing expansion projects, three subsidiaries of Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Plc have scaled up their Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd): Nigerian Gas Marketing Limited and NNPC […]
Businesses buckle under debt as defaults push bad loans to N21.2trn
High interest rates, FX shocks, end of COVID forbearance trigger spike in corporate loan failures By Babajide Komolafe, Economy Editor At the backdrop of economic pressures on households and businesses, banks are now struggling with a rising loan defaults by businesses, leading to a significant increase in bad loans portfolio of banks to N21.2 trillion. Financial Vanguard’s […]
Stock market gains N6.7trn in January amid oil price surge
By Peter Egwuatu The Nigerian stock market, last weekend, closed the first month of the year, 2026, with over N6.7 trillion capital gains, just as oil prices witnessed a surge last week to about $71.01 per barrel. Analysts noted that the surge in crude price last week, if sustained, would be favourable to Nigeria, adding that […]
CBN fintech report signals next phase of Nigeria’s digital finance strategy
CBN has released its inaugural CBN Fintech Report, offering a clear, forward-looking view of Nigeria’s fintech ecosystem and the priorities
