Nigeria’s financial inclusion reaches 79% — EFInA
By Matthew Johnson The Enhancing Financial Inclusion and Advancement (EFInA) has released its ninth Access to Financial Services in Nigeria (A2F) Survey, showing that 79% of Nigerian adults use a financial product or service. Formal inclusion reached 73%, exceeding the 70% target under the National Financial Inclusion Strategy. EFInA’s Board Chair, Dr Agnes Olatokunbo Martins, […]
Dangote Refinery IPO gets $1bn underwriting backing from Marob, Lilium
By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals FZE, DPRP, has secured $1 billion in underwriting backing from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group ahead of its planned initial public offering, IPO. The $1 billion programme comprises a completed and funded $600 million private placement and a $400 million underwriting commitment for […]
Don’t dismiss US 2026 Fiscal Transparency Report, BudgIT tells FG
By Emma Ujah, Abuja Bureau Chief BudgIT, a civic-tech organisation promoting transparency and accountability in Nigeria’s public finance, has urged the Federal Government not to dismiss the United States Department of State’s 2026 Fiscal Transparency Report, which scored Nigeria low for the second consecutive year. The organisation made the call in a statement by its Country […]
US lifts 12-year entry restriction on Nigerian vessels
By Godwin Oritse The United States Coast Guard (USCG) has lifted the Condition of Entry (CoE) imposed on vessels arriving in the United States from Nigeria, ending a 12-year regime of enhanced security requirements on ships calling at Nigerian ports. The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, announced the development, describing it as […]
CBN’s Sidi-Ali wins 2026 NSA Award
By Emma Ujah, Abuja Bureau Chief The Ag. Director of Corporate Communications of the Central Bank of Nigeria (CBN), Mrs. Hakama Sidi-Ali, has won the 2026 edition of the National Spokespersons Award. The recognition was announced during the 6th National Spokespersons Awards and the 4th Economic Confidential Annual Lecture, organised by Image Merchants Promotion Limited (IMPR), publishers […]
HBM Nigeria’s profit up 57% to N208bn
By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, has declared a Profit After Tax (PAT) of N208billion representing a 57% growth for the first half of 2026, H1’26, against N132.677 billion in the corresponding period of last year, H1’25. According to the result released on the Nigerian Exchange Limited, NGX, the company’s net sales […]
