•16 banks cross new capital threshold   •Recovers N2trn intervention funds Emeka Anaeto, Business Editor & Emma Ujah,  Abuja Bureau Chief The Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR) at 27 per cent citing the need to allow previous reduction to sufficiently transmit to the economy. Meanwhile the apex bank disclosed that […]

By Udeme Akpan Renaissance Africa Energy Company Limited has taken its energy security and industrialisation advocacy to the University of Ibadan with a commitment to education, youth empowerment, and community development. Speaking at the university’s alumni homecoming event, Managing Director and Chief Executive Officer of Renaissance, Tony Attah, hinged the economic emancipation and growth of Nigeria […]

… as banks’ credit to govt increases By Peter Egwuatu Money supply to Nigeria’s economy has significantly surged to a record N117.8 trillion in two years, amid growing banks’ credit to the government. Vanguard findings from the data released by the Central Bank of Nigeria, CBN, shows that money supply, M3 grew by 75.9% to N117.783 trillion […]

By Peter Egwuatu The  Securities and Exchange Commission (SEC) has urged financial sector stakeholders to strengthen and sustain a culture of proactive compliance to safeguard Nigeria’s position in the global financial system following its recent exit from the Financial Action Task Force (FATF) Grey List. Speaking at the Nigerian Capital Market Institute Compliance Summit on Monday, Dr. […]

•Targets mid-2026 for final decision on refineries By Obas Esiedesa, Abuja Nigerian National Petroleum Company Limited, NNPCL, has declared a profit after tax of N5.4 trillion for the 2024 financial year, a growth of 63.6 percent when compared to N3.3 trillion recorded in the previous year.   The company’s revenue also grew to N45.07 trillion from N23.9 trillion […]