Eastern Ports Rehabilitation: FG awards Escravos Channel dredging, breakwater reconstruction
As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
Top banks record N4.1trn profit in nine months
…As five banks post 37% growth in profitability By Babajide Komolafe, Economy Editor Nine top banks in Nigeria recorded a combined N4.115 trillion profit after tax (PAT) in the nine months ended September 2025 (9M’25), representing a 1.5 per cent year-on-year (YoY) decline from N4.176 trillion recorded in the same period of 2024 (9M’24). The banks are […]
Cooking gas price defy marketers, sells at N1,200 per kg
By Mariam Eko The price of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas, has remained high despite assurances from marketers that the product will return to its pre-October price range of N950 to N1,000 per kilogram (kg). A visit to some gas stations in Lagos shows that the product was sold yesterday at between […]
Pension fund investment in FG securities rise 18.1% to N15.8 trn
By Peter Egwuatu Pension Fund’s investments in Federal Government (FG) securities rose by 18.1% Year-on-Year, YoY, in eight months, ended August 2025 to N15.824 trillion from N13.396 trillion recorded in the corresponding period of 2024. This was disclosed in the latest pension funds industry portfolio report from the National Pension Commission, PenCom, detailing activities […]
InfraCredit, MOBILIST deepen infrastructure capital markets with share sale to PFAs
InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, and MOBILIST, the UK Government’s flagship public markets programme,
Debt trap: Smart money habits to stay financially free (3)
By Babajide Komolafe “I am a civil servant on Grade Level 12 salary but I use 70% of my earnings to service debts from bank loans. How can I get out?” In the last two editions, I explained why most Nigerians, like this reader, fall into the trap of debt. But how does one get […]
