W/Bank mobilises $5.79bn private capital for Nigeria
By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
Loan repayment defaults increase in banks —CBN survey
By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, survey report has shown that banks recorded increased default rates on secured loans in the third quarter of the year, Q3’25. Surprisingly, the CBN report titled: “Credit Condition Survey” which was released yesterday, showed that the default rates on unsecured loans were lower during the review period. However, […]
Stockbrokers outline strategic actions to accelerate transformation of Nigeria’s capital market
By Peter Egwuatu The Chartered Institute of Stockbrokers (CIS) has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and growth of Nigeria’s capital market. At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants emphasised that decisive reforms were essential for positioning the market as a catalyst for national economic transformation. […]
Banks record higher default rates on secured loans in Q3 2025 — CBN Survey
A new report by the Central Bank of Nigeria (CBN) shows that banks recorded increased default rates on secured loans in the third quarter of 2025 (Q3’25), even as credit availability rose across various lending categories.
Nigeria accounts for less than 2.3% of global seafarers
By Godwin Oritse Nigeria accounts for less than 2.3 percent of the global seafaring workforce, with only about 6,000 sailors registered out of the 1.9 million seafarers listed worldwide. Capt. Rasheed Onakoya of the Nigerian Association of Master Mariners (NAMM), disclosed this in a presentation at the quarterly lecture of the association, adding that only deliberate […]
Nigeria hits 1.7m bpd oil production multiple times — NUPRC
By Udeme Akpan & Sebastine Obasi The Nigerian Upstream Regulatory Commission, NUPRC, said the nation’s oil output has exceeded 1.7 million barrels per day, bpd, several times this year. Chief Executive of the Commission, Engr. Gbenga Komolafe disclosed this at the capacity building training for journalists in Lagos, yesterday. He also said Nigeria’s rig count, an […]
