By Cynthia Alo In a move aimed at strengthening climate leadership within Nigeria’s corporate boardrooms, the Climate Governance Initiative (CGI) Nigeria has officially launched, as the 34th chapter of the global Climate Governance Initiative a global network guided by the World Economic Forum (WEF) to drive corporate governance reforms around climate risk and resilience. The Nigerian […]

By Rosemary Iwunze Nigeria’s insurance sector recorded 24.9 per cent growth in total assets Year-on-Year, YoY, to N4.2 trillion in the first quarter of 2025, Q1’25, against N3.3 trillion recorded in the corresponding period of 2024. Industry experts are of the view that the sector is demonstrating resilience amidst operational and macroeconomic challenges. According to the first […]

By Obas Esiedesa, Abuja  The Minister of Power, Chief Adebayo Adelabu, on Tuesday reaffirmed the Federal Government’s commitment to implementing a cost-reflective tariff in the electricity sector as a key step toward resolving the liquidity crisis in the industry. Speaking at the Mission 300 Stakeholders Engagement meeting in Abuja, Adelabu disclosed that the government is exploring […]

By Peter Egwuatu Stanbic IBTC Bank said it has met the recapitalisation requirement of the Central Bank of Nigeria, CBN, following the successful   conclusion   the   Rights Issue of its parent company, which   raised    N148.7 billion, with an oversubscription rate of 21.9% to achieve   N181.4 billion. The parent company of the bank, Stanbic IBTC Holdings,   in […]

By Godwin Oritse In a historic milestone for Nigeria’s maritime industry, the first-ever Nigerian-owned container vessel, M.V. Ocean Dragon arrived last Wednesday at Tin Can Island Port, Lagos, carrying over 350 containers. Speaking at the reception ceremony, Mrs. Benedine Eloka, Vice President of Clarion Shipping, highlighted the vessel’s arrival as the result of a long-term vision […]

By Elizabeth Adegbesan THE naira yesterday appreciated to N1,560 per dollar in the parallel market from N1,565 per dollar on Monday.But the Naira depreciated to N1,530.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,530.5 […]

•As competition heightens in downstream sector By Udeme Akpan, Energy Editor & Favour James Dangote Petroleum Refinery, yesterday, slashed the depot price of Premium Motor Spirit, also known as petrol to N820 per litre from N838 per litre as competition heightens in Nigeria’s domestic market.   The adjustment was also due to the drop in crude oil […]

The Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) said it would hold its 4th National Stakeholders’ conference tomorrow in Lagos, with the   theme,   “AI & the Future of Trust: Reimagining Banking and Financial Services in a Digital-First Era.”   The Association in a statement said: “This year’s conference is convening amid a […]

Banks and telecommunication companies (telcos) have expressed frustration over  disruption to  their services triggered by continuous downtime on the NIN verification portal.

By Ediri Ejoh Despite Federal Government’s efforts to curb the menace of gas flaring, Nigeria lost 15,400 Gigawatts, GWh per hour of power generation potential in five months, between January and May 2025.  This represents a 17.5 per cent increase, when compared to 12,700 GWh, generation losses suffered in the corresponding period of 2024. Data obtained […]

By Udeme Akpan The price of Nigeria’s Bonny light dropped to $70 per barrel, yesterday, down from $77 per barrel recorded in June 2025, following the ceasefire in the Israel-Iran conflict.This development poses a significant challenge to the nation, as the 2025 budget was benchmarked at 2.06 million barrels per day and $75 per barrel.Dr. […]

The Federal Government is committed to partnering with the private sector to boost trade and investment between Nigeria and Indonesia. The Senior Special Assistant (SSA) to  the President on Entrepreneurship Development, Ms. Chalya Shagaya, disclosed this at the Mid-year Economic Outlook with the theme, “Building Resilience in Turbulent Times”, organised by the Nigerian Indonesian Chamber of […]

By Yinka Kolawole The Senate has passed a bill mandating all raw materials must undergo a minimum of 30 percent local processing before they are exported from Nigeria. The decision followed the adoption of the report by the Senate Committee on Science and Technology on the amendment of the Raw Materials Research and Development Council Act, […]

By Yinka Kolawole Intra-African trade surged by 12.4 percent to $220.3 billion in 2024, compared with $196.04 billion in 2023, the African Trade Report launched by the African Export-Import Bank (Afreximbank) has revealed. According to the report, the rebound which has helped to drive up trade across the continent is sparked improved economic performance in countries […]

“You now have a quarterly limit of $1,000 on your GTBank Naira Card to pay for all your favourite things anywhere in the world”