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Business
The Deputy Governor, Corporate Services, Central Bank of Nigeria, Emem Usoro, has stated that the ongoing reforms implemented by the apex bank saved the country’s economy from disaster. This was just as she also highlighted the apex bank’s economic policies, noting that aligning monetary policy with fiscal reforms has stabilized the exchange rate and broader ...
Business
United Bank for Africa Plc has reported a 9.4 per cent increase in total assets to N33.2 trillion for the financial year ended December 31, 2025, up from N30.3 trillion in 2024. In its audited results released on the Nigerian Exchange Limited on Friday, the bank also recorded an 11.8 per cent growth in customer ...
Environment
Residents of Ojo Iba Local Government Area in Lagos State were stranded on Saturday morning as the state resumed its monthly environmental sanitation exercise. Across the area, scores of commuters were left in limbo at major bus stops, with only a handful of commercial buses and tricycles operating on the roads. The restriction, which was ...
News
The Nigerian Communications Commission (NCC) has rolled out a compensation framework to refund telecom subscribers affected by poor service delivery, product defects, and failed transactions. Speaking at a media stakeholders’ meeting held on Thursday in Ikeja, Lagos, NCC Executive Vice Chairman, Dr Aminu Maida, asserted that telecom consumers affected by poor quality of service will ...
Economy
The Emir of Kano, Muhammadu Sanusi II, has challenged the Federal Government’s fiscal stance, asking why Nigeria continues to rely on heavy borrowing despite saving billions from petrol subsidy removal. Speaking in an interview on News Central TV, the former Governor of the Central Bank of Nigeria acknowledged that the removal of fuel subsidy and ...
Business Direct
Transcorp Hotels Plc has reported a strong start to 2026, recording revenue of N22.41 billion, up from N20.64 billion in the corresponding period of 2025. It is understood that this represents a 9 per cent increase in revenue and a 15 per cent rise in profit before tax, underscoring improved operational efficiency and cost discipline. ...
Economy
The Federal Government has announced a N10 billion housing loan scheme as part of efforts to improve access to home ownership for civil servants in Nigeria. Head of the Civil Service of the Federation, Didi Walson-Jack, made this known during a press briefing on Friday in Abuja Walson-Jack said the initiative, designed to enhance stability ...
Business Direct
Abbey Mortgage Bank Plc has announced plans to hold its Board of Directors meeting scheduled for April 28, 2026. In a notice dated April 22, 2026, and signed by its secretary, Geoff Amaghereonu, the bank disclosed that the meeting will be held at 11:00 a.m.Among agenda items to consider are its unaudited financial statements for ...
Business
Nigerian Breweries Plc has reported a 25.6% rise in profit after tax, recording N55.95 billion for the first quarter ended March 31, 2026, amid what it described as a “fragile and volatile operating environment” worsened by the crisis in the Middle East. The brewer released its unaudited and provisional results obtained on Nigerian Exchange Limited ...
News
The Nigerian Communications Commission (NCC) has called for accelerated adoption of Internet Protocol version 6 (IPv6), warning that Nigeria risks falling behind in the global digital economy if stakeholders fail to act decisively. This call was made on Thursday during the inauguration ceremony of the IPv6 Council Board in Ikeja, Lagos State. The board, which ...
Business Direct
Unilever Nigeria Plc recorded a profit after tax of N7.02 billion for the first quarter ended March 31, 2026, reflecting a strong performance driven by revenue growth and higher finance income despite rising costs. The consumer goods firm posted revenue of N59.17 billion, representing a 26 per cent increase from N46.98 billion in the corresponding ...
Oil & Gas
The Permanent Secretary of the Ministry of Petroleum Resources, Mrs. Patience Oyekunle, has reaffirmed the federal government’s commitment to institutional collaboration as part of efforts to strengthen Nigeria’s petroleum sector and sustain ongoing reforms. Oyekunle gave the assurance during a courtesy visit to the headquarters of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) ...
Capital Market
Wema Bank Plc has announced its plans to pay shareholders a final dividend of N1.25 per ordinary share for the 2025 financial year. This was disclosed in a notice filed on Nigerian Exchange Limited on April 22, 2026, and signed by Company Secretary, Johnson Lebile. The first-generation bank also set April 29, 2026, as the ...
Tax Matters
Professor Uche Uwaleke, a Professor of Capital Market Studies at Nasarawa State University has disclosed that the newly signed tax reform laws provide reliefs for Small and Medium Enterprises (SMEs). Uwaleke made this remarks yesterday at a webinar themed “Tax Reform and the Real Economy: Unpacking the New Reality,” hosted by FirstBank. The session, featured ...
Politics
The former Chairman of the Nigerian Economic Summit Group (NESG) and renowned economist, Mohammed Hayatu-Deen, has officially declared his intention to seek the African Democratic Congress (ADC) presidential ticket for the 2027 general elections. Speaking during an interview on ARISE TV on Tuesday, April 21, 2026, Hayatu-Deen described Nigeria as a nation "running out of ...
Business
Wema Bank Plc has announced its plans to pay shareholders a final dividend of N1.25 per ordinary share for the 2025 financial year. This was disclosed in a notice filed on Nigerian Exchange Limited on April 22, 2026, and signed by Company Secretary, Johnson Lebile. The first-generation bank also set April 29, 2026, as the ...
Issues of the Moment
A store owner, Love Dooshima, has become the cynosure of eyes over the week after a bread-making brand reportedly slammed her with a N50 million lawsuit over an alleged negative review of the company’s product. The controversy began after Dooshima posted a video on her TikTok page, expressing concern over what she described as the ...
Crime
The Central Bank of Nigeria (CBN) has issued an urgent public alert about a surge in fraudulent emails, messages, and other online communications aimed at stealing personal financial data. In a statement released on April 21, 2026, the Acting Director of Corporate Communications, Hakama Sidi Ali, warned that cybercriminals are masquerading as the apex bank ...
Politics
Kano State Governor Abba Yusuf has formally nominated Murtala Sule Garo for the position of Deputy Governor, transmitting his name to the State House of Assembly for screening and confirmation. The nomination, announced on Tuesday, April 21, 2026, fills the vacancy created by the resignation of Aminu Abdussalam Gwarzo on March 27, 2026. Gwarzo’s departure ...
Politics
As politics is heating up ahead of the 2027 general elections, the minister of power, Bayo Adelabu, is set to resign his appointment in the coming days in order to pursue his governorship ambition in Oyo state. His special adviser on strategic communications and media relations to the minister, Tunji Bolaji, confirmed this development in ...
