Zenith Bank Plc has been named Africa’s Best Bank and Nigeria’s Best Bank for the second consecutive year at the Euromoney Awards for Excellence 2026, reinforcing its position as one of the continent’s leading financial institutions. The awards which were presented in London recognises the bank’s strong financial performance, digital innovation, customer service and contribution […]

•Offers 37 blocks to investors, targets 500m barrels reserve addition Why 13 blocks returned to basket, NUPRC By Udeme Akpan & Obas Esiedesa The Federal Government yesterday said the ongoing 2025 Licensing Round is expected to deliver an additional 300,000 barrels per day (bpd) of crude oil and condensate production within three years Speaking at the […]

•Says banks no longer need forbearance •External reserves sustains upward trend, hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent. CBN Governor, Mr. Olayemi Cardoso, announced the decision yesterday after the 306th Monetary Policy Committee (MPC) meeting in Abuja. He […]

By Providence Ayanfeoluwa The Nigeria Revenue Service, NRS, has set July 31, 2026, as the deadline for all large taxpayers to fully adopt the national e-invoicing and Electronic Fiscal System (EFS). This follows a public notice issued by the NRS on February 17, 2026, on the implementation timeline and the mandatory adoption of the national e-invoicing […]

By Elizabeth Adegbesan The Federal Government of Nigeria (FGN) bond auction in July 2026 was oversubscribed by 45 percent, or N540 billion, attracting total subscriptions of N1.74 trillion against the N1.2 trillion offered by the Debt Management Office (DMO). This reflects strong investor demand for Federal Government of Nigeria (FGN) debt instruments. According to the July […]

By Godwin Oritse In a bid to strengthen security at Nigerian ports, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a review of security protocols governing interactions between ships and port facilities. In a notice issued to all maritime security stakeholders, NIMASA stated that all vessels are required to submit their Security-Related Pre-Arrival Information […]

By UdemeAkpan, Energy Editor The Dangote Petroleum Refinery has significantly increased exports of refined petroleum products as inadequate domestic crude oil supply and persistent foreign exchange constraints continue to hamper its operations. This comes as rising global crude oil prices are expected to increase feedstock costs for the 650,000-barrels-per-day refinery, although stronger prices for refined petroleum […]

By Obas Esiedesa The Federal Government  yesterday said it has paid about N333 billion to eight electricity generation companies (GenCos) under its power sector debt settlement programme, and launched a second N729 billion bond issuance aimed at clearing more legacy debts and restoring liquidity in the Nigerian Electricity Supply Industry (NESI). Speaking at an investors’ […]

Says recapitalisation will strengthen resilience NDIC vows to protect depositors By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, yesterday urged regulators and operators in the banking sector to strengthen public confidence to support a resilient economy. Speaking at the 2026 International Association of Deposit Insurers […]

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says Nigeria’s foreign exchange reserves has presently risen to 52.52 billion dollars.

The winners emerged at the commercial bid conference held on Tuesday at the Transcorp Event Centre, Abuja, marking the conclusion of the competitive phase of the licensing exercise.

By Providence Ayanfeoluwa Nigeria’s growing exposure to drug trafficking through its seaports is posing a serious threat to the country’s international trade reputation, economic competitiveness and investment prospects, the Sea Empowerment & Research Center (SEREC) has warned. In its July 2026 Policy Bulletin released yesterday, SEREC said the persistent use of Nigerian seaports as transit routes […]

First City Monument Bank (FCMB) and 247 Travels have launched ‘Book Now, Fly Later’, a financing programme that allows eligible customers to borrow up to ¦ 10 million for international flight tickets and repay over three to nine months. The programme is designed to help Nigerians spread travel costs for business, education, healthcare, tourism, and family […]

By Peter Egwuatu The shareholders of Tantalizers Plc have commended its Board of Directors and Management for the company’s return to profitability. The board also assured the shareholders that the company’s emerging growth trajectory was founded on strong operational foundations that would ensure sustainable long-term profitability and returns to investors. At the company’s Annual General Meeting, […]

By EfeOnodjae Nigeria is undermining its drive for food security, job creation and foreign exchange conservation through inconsistent fish import policies that continue to favour imported fish over locally farmed varieties, a fisheries expert, Dr. OlukayodeOlubiyi, has warned. The policy inconsistency, he said, is discouraging investment in aquaculture, weakening domestic fish production and forcing the country […]