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, […]
2025 budget funding under pressure as oil output under-performs in H1’25
•Bonny Light price averaged $71 per barrel – OPEC •Uncertainty pervades H2’25 outlook – LCCI, BudgIT, others By Udeme Akpan, Energy Editor There are indications that the 2025 Federal Budget has come under funding pressures as the petroleum industry regulator, Nigerian Upstream Regulatory Commission, NUPRC, recorded significant under-performance of crude oil output in the first half of […]
E-Payment transactions rise 24% to N317.2trn in Q1’25
By Elizabeth Adegbesan There are indications that Nigerians are fast relegating cash transactions to the background as the value of electronic payment transactions skyrockets. According to the latest report released by the Nigerian Interbank Settlement System, NIBSS, value of electronic payment transactions (EPT) grew year-on-year (YoY) by 24 percent to N317.2 trillion in the first quarter […]
2025 budget funding under pressure as oil output under-performs in H1’25
There are indications that the 2025 Federal Budget has come under funding pressures as the petroleum industry regulator, Nigerian Upstream Regulatory Commission, NUPRC, recorded significant under-performance of crude oil output in the first half of 2025, H1’25.
SMDF, NASD spotlight investment opportunities in solid minerals
Solid Minerals Development Fund (SMDF) and NASD OTC Exchange PLC, have teamed up to unveil an array of investment opportunities in the Nigerian Solid Minerals sector through a high level webinar.
We’re still paying Heritage Bank depositors — NDIC
The NDIC had said that it had substantially paid almost all insured depositors of the failed bank.
