Ifeanyi Okoye emerges 12th President of MAN
By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has elected Dr. Ifeanyi Okoye, Chief Executive Officer of Juhel Nigeria Limited, as its 12th President . He succeeds Otunba Francis Meshioye, who completed his four-year tenure at the recently-concluded 54th Annual General Meeting of the association held on 7th October 2026 in Lagos. A statement by […]
Cardoso: Why CBN took market by surprise on interest rate
Bangkok, Thailand: The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has explained why the apex bank’s latest monetary policy decision took the market by surprise, saying the need to correct a faulty monetary policy transmission mechanism, alongside improving macroeconomic conditions, informed the move.
DMO offers N7.15 trn bond for October subscription
By Elizabeth Adegbesan The Federal Government through the Debt Management Office, DMO, has offered N7.15 trillion FGN Bond for September subscription. DMO disclosed this in its latest announcement saying that the N17.5 trillion offer comes in three tranches. The first tranche is N500 billion for February 2034 (10 year reopening) bond with a 19 percent […]
Stakeholders urge insurance, pension operators to prioritise customer value
By Rosemary Iwunze Stakeholders in the insurance and pension sectors have urged operators to deploy funds raised through recapitalisation to improve services, develop innovative products and strengthen customer confidence. They made the call in Lagos during a panel discussion at the 11th Annual Conference of the Nigerian Association of Insurance and Pension Editors (NAIPE). The […]
Shell to sell Nigeria domestic gas business to Vaaris Energy
By Faith Odukomaiya Shell Petroleum B.V. has signed an agreement to sell its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian energy company, as the oil major refocuses its investments on strategic businesses. Shell’s Country Chair in Nigeria, Elohor Aiboni, said the transaction would provide a platform for the domestic […]
Forex inflow rises 23% to $35bn, as outflow declines
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow grew by 23.2 percent year-on-year, YoY, to $35.77 billion in the first half of 2026 (H1’26) from $29.77 in the corresponding period of 2025. Vanguard analysis of data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin and Data for the review period showed that […]
