Nigeria’s economic recalibration good for business — Jumia CEO
By Etop Ekanem Chief Executive Officer of Jumia Group, Francis Dufay, has offered a perspective that placed Nigeria not at the margins of risk, but at the centre of reform, growth and stability. Speaking during a panel on emerging markets, at the Sohn Conference in New York, Dufay described the period between 2021 and 2024 as […]
Rabiu, Elumelu drive industrial growth as BUA foods hits N1.77tn revenue
Nigeria’s industrial and financial heavyweights, The Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, UBA Tony Elumelu have moved to deepen partnership to drive Nigeria’s industrial growth. In line with the partnership, the Rabiu recently hosted Elumelu, and his executive management team at BUA Group’s corporate headquarters in […]
GTCO’s profit up 23.2% to N1.23 trn
By Peter Egwuatu Guaranty Trust Holding Company Plc , GTCO, has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, up by 22.8% from N1.321 trillion recorded in the corresponding period 2024. The company also declared a dividend of N12.76 per share for the financial year 2025. The results released […]
Dangote Refinery secures $4bn syndicated loan, Afreximbank underwrites $2.5bn
By Udeme Akpan The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it […]
STOCK MARKET: Investors reap N29trn in 3mths amid economic reforms
By Peter Egwuatu Nigeria’s stock market ended the first quarter of 2026 on a high note, with investors making massive gains of over N29 trillion in just three months. The strong performance comes amid ongoing economic reforms in the country. The total value of all listed companies on the Nigerian Exchange Limited (NGX), known as market capitalization, […]
Nigeria’s debts to hit N155trn as Senate approves FG’s $6bn loan request
Nigeria’s total debt stock is set to rise to N155.1 trillion, following an additional $6 billion loan request by President Bola Tinubu, hurriedly approved by the Senate yesterday.
GTCO’s interest income up 23.2% to N1.62 trillion
Guaranty Trust Holding Company Plc , GTCO, has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, up by 22.8% from N1.321 trillion recorded in the corresponding period 2024.
New satellite plan nears execution stage ahead of 2028, 2029 takeoff —FG
By Progress Godfrey ABUJA-The Federal Government has moved Nigeria’s next-generation satellite programme into the execution phase, with NIGCOMSAT-2A and 2B scheduled for launch in 2028 and 2029 to boost connectivity, security and digital economy growth. Managing Director of NIGCOMSAT Limited, Mrs Jane Nkechi Egerton-Idehen, disclosed this at the opening of the 2026 Satellite Week in Abuja. […]
DHL, SON, NAQS, NESREA launch cargo manifest, licenses & permits transmission on NSW
•Signals revolution in Nigeria’s trade value chain By Emeka Anaeto, Business Editor A major shift in Nigeria’s trade modernization journey may have started as global logistics giant DHL, alongside the Standard Organisation of Nigeria (SON) the Nigeria Agricultural Quarantine Service (NAQS) and National Environmental Standards and Regulations Enforcement Agency NESREA), successfully commenced the electronic submission and […]
ELECTRICITY: Liquidity crisis worsens as FG pays 4% of N1.9trn subsidies
By Obas Esiedesa, Abuja The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with fresh data showing it paid only N76.95 billion (about four percent) of the N1.928 trillion subsidy required in 2025. Although the government budgeted N958 billion for electricity subsidies […]
Why we are targeting 7% annual GDP growth – Edun
….Says Nigeria needs $14bn annually to bridge infrastructure gap….As IsDB invests over $2.4bn By Adesina WahabThe Minister of Finance, who is also the Coordinating Minister of the Economy, Mr Olawale Edun, has said the nation is targeting an annual 7 percent growth in its Gross Domestic Product, GDP, so as to take as many Nigerians […]
Deadline Tomorrow: N4.6trn banks’ recapitalisation sparks sectoral battle for funds
“The priority must shift from capital adequacy to economic impact. Nigeria needs banks that work for the economy”
Exports proceeds repatriation: Manufacturers fault CBN’s exclusion of non-oil exporters
By Yinka Kolawole Manufacturers under the aegis of the Manufacturers Association of Nigeria Export Group (MANEG) have raised concerns over what they described as a policy imbalance by the Central Bank of Nigeria (CBN), following its recent decision to allow International Oil Companies (IOCs) unfettered access to repatriate 100 per cent of their export proceeds. The […]
Foreign investment in manufacturing plunges 51.44% in two years
…Drops to $772.45m in 2025 •Sector’s investment share falls to 3.33% from 49.73% in 2023 By Yinka Kolawole Foreign investment in flows into Nigeria’s manufacturing sector have suffered a sharp decline over the past two years, underscoring weakening investor confidence in the country’s real sector despite a surge in overall capital importation. Data obtained from the […]
Sterling Bank charts way forward for Nigeria’s transport, logistics sector
By Peter Egwuatu Sterling Bank, industry leaders, policymakers, financiers, innovators convened, have charted away forward towards improving Nigeria’s transport and logistics sector. The stakeholder at the inaugural Nigeria Transport & Logistics Summit (NTLS) 2026, hosted by Sterling Bank at Eko Hotel & Suites, proposed actionable strategies for building a faster, more connected Nigeria through transport, mobility, […]
FG moves to clean up markets with new anti-counterfeit tracking system
By Progress Godfrey The Federal Government has formalised a major agreement to deploy the Products Authentication and Tracking System (PATS), in a decisive move to tackle counterfeit and substandard goods and restore confidence in Nigeria’s markets. According to a statement by the ministry on Thursday, the agreement was signed in Abuja under a Public-Private Partnership arrangement, […]
