Business

I regret delaying telcos’ entry into financial services — Sanusi

Muhammadu Sanusi II, the Emir of Kano, has said that one of his regrets in office as the governor of the Central Bank of Nigeria, CBN, was delaying the entry of telecommunications companies (telcos) into financial services. Sanusi spoke on Wednesday at the launch of the 2026 Access to Financial Services in Nigeria (A2F) survey […]
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Interest rate drives investment in fixed income by 17.7% to N 2.4trn

By Peter Egwuatu Investments in fixed income securities rose by 17.7% Year-on-Year, YoY,    in eight months, ended  August 2025 to N2,405  trillion from N2.043 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 in the sector for the […]

Depot petrol price falls to N880.5 per litre as competition heightens

By Udeme Akpan & Ediri Ejoh The average price of petrol charged by private depots and Dangote Refinery yesterday fell to N880.5 per litre from N881.5 as competition heightened in the downstream sector.   Private depots, namely Matrix, A.Y.M Shafa and Sigmund Zamson, operating mainly in Warri, Delta state and Calabar, Cross River state, reduced price to N889 per […]

FG seeks IMF support for transparent fuel price framework

By Obas Esiedesa, Abuja The Federal Government has sought the technical support of the International Monetary Fund (IMF) to design a transparent fuel price modulation framework that will cushion domestic price shocks and strengthen Nigeria’s fiscal stability. Permanent Secretary, Ministry of Petroleum Resources, Dr. Emeka Vitalis Obi, disclosed this in Abuja during a joint engagement between […]

Manufacturing, trade drive 11mths streak of economic expansion — NESG

By Babajide Komolafe The Nigerian Economic Summit Group (NESG) has reported sustained expansion in economic activities for the 11th consecutive month, driven largely by improved performance in the manufacturing and trade sectors. The report stated: “In October 2025, Nigeria’s business environment maintained its positive trajectory, with the Current Business Performance Index remaining in the expansion zone. […]

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