By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has stated that the Standard N100 note is still a legal tender and must be accepted for all transactions. The apex bank, in a statement by its Ag. Director, Corporate Communications, Mrs. Hakama Sidi-Ali, yesterday, said the clarification became necessary, following reports that some […]

Laments poor financing, weak governance in the sector By Cynthia Alo The Cooperative Federation of Anambra State Limited, COFAS, has called on the State Government to establish a Cooperative Development Fund, CDF, and integrate cooperatives into the state’s economic planning. COFAS also disclosed that poor access to finance, weak governance structures, and low digital literacy […]

By Rosemary Iwunze Commissioner for Insurance, National Insurance Commission, NAICOM, Mr. Olusegun Ayo Omosehin, has charged the Nigerian Insurers Association, NIA, to lead the rebuilding of public trust in insurance as the industry enters a new phase of transformation. He gave the charge at the Investiture Ceremony of Mrs. Ebelechukwu Nwachukwu as the 27th Chairman of […]

•Maintains forecast for Nigeria’s GDP at 4.1% in 2026, 4.3% in 2027 •Says improved macroeconomic stability supports Nigeria’s economy By Babajide Komolafe, Economy Editor The International Monetary Fund, IMF, has warned that rising prices of essential goods will deepen poverty and food insecurity in Nigeria despite improved macroeconomic stability, even as it maintained growth forecasts for […]

By Yinka Kolawole Dangote Cement Plc has unveiled plans to cut net carbon dioxide (CO‚ ) emissions intensity by 20 per cent while expanding production capacity to 80 million tonnes per annum (mtpa) by 2030, as it pursues its ambition of becoming Africa’s most sustainable and globally competitive cement producer. Presenting the company’s 2025 Sustainability Scorecard […]

By Progress Godfrey  Galaxy Backbone (GBB) has intensified its engagement with banks, fintech firms, and other financial institutions as the Central Bank of Nigeria (CBN) moves to enforce the local storage of payment transaction data. The digital infrastructure and shared services provider, in a statement yesterday, brought together Chief Information Officers, fintech leaders, and technology stakeholders […]

By Emma Ujah, Abuja Bureau Chief The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has said the proposed Pension Industry Infrastructure Fund is in the final stages of implementation as part of efforts to channel a portion of the industry’s over N32 trillion assets into infrastructure and the capital market. She said: “The pension […]

By Obas Esiedesa, Abuja The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari, yesterday disclosed that the company remitted N19.5 trillion to the Federation Account between April 2025 and June 2026. Speaking during the 2026 Nigeria Oil and Gas Energy Week in Abuja, Ojulari said the company also achieved $3.4 billion in cost savings […]

By Progress Godfrey The Federal Government has suspended the enforcement of new regulations affecting internet platforms, online intermediaries and other cross-cutting digital economy issues pending the completion of a national policy review. The directive was contained in a statement issued by the Minister of Communications, Innovation and Digital Economy Dr Bosun Tijani, on Tuesday, after a […]

•FG pledges full implementation of NIMC’s new Act By Progress Godfrey ABUJA – The National Identity Management Commission (NIMC) says Nigeria’s National Identity Database has enrolled more than 136 million Nigerians and legal residents. Director-General of NIMC, Engr Abisoye Coker-Odusote, disclosed this during a courtesy visit to the Federal Ministry of Budget and Economic Planning, as […]