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Capital Market
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has announced that Nigeria’s transition to a T+2 settlement cycle in the capital market will significantly enhance efficiency, reduce systemic risk, and strengthen investor confidence. Speaking in Abuja at a Trade Associations Roundtable themed “Ensuring Stakeholder Readiness for T+2 Settlement,” Dr. Agama explained ...
News
..says improved fiscal reforms key to increased economic gains The International Monetary Fund (IMF) has urged the Federal Government of Nigeria to spend smartly as it reaps the gains of her bold reforms. The Division Chief of the IMF’s Fiscal Affairs Department, Davide Furceri, made the commendation during a news conference on the Fiscal Monitor ...
Business Direct
...as CPPE warns cost-of-living crisis remains acute despite drop The National Bureau of Statistics (NBS) announced on Wednesday that Nigeria’s headline inflation rate eased further to 18.02 per cent in September 2025. The data, released in the Consumer Price Index (CPI) and Inflation Report for September 2025, represents a 2.1 percentage point decrease from the ...
Economy
Nigeria’s headline inflation rate dropped to 18.02 percent in September 2025, down from 20.12 percent recorded in August, according to the latest report by the National Bureau of Statistics (NBS). The data indicates a slowdown in the pace of price increases across major sectors of the economy, offering some relief to consumers and policymakers. On ...
Economy
Nigeria has taken over the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina, marking a significant milestone in its global economic diplomacy. The country will formally assume office on November 1, 2025, and unveil its Work Programme after due consultations with member states. The Governor of the Central Bank of Nigeria (CBN), Mr. ...
Maritime and Blue Economy
The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola has reaffirmed the Federal Government’s commitment to fostering a business-friendly environment designed to encourage private sector participation in Nigeria’s maritime and blue economy agenda. Minister Oyetola made the remarks in Abuja while receiving a high-level delegation from the International Container Terminal Services, Inc. (ICTSI), led ...
Maritime and Blue Economy
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has called for increased global collaboration on energy transition, decarbonisation, and the digitalisation of port operations as critical drivers of sustainable maritime growth. Dr. Dantsoho made the call while addressing global seaport leaders and industry experts at the 2025 World Seaports Conference in ...
Maritime and Blue Economy
The Nigerian Maritime Administration and Safety Agency (NIMASA) hosted a high-profile knowledge-sharing visit by 40 Naval Officers from 20 countries across the world, who are currently onboard the French naval vessel LHD TONNERRE for the "Siren Course." The visit was specifically aimed at studying the successful collaboration between NIMASA and the Nigerian Navy in effectively ...
Money market
The House of Representatives has summoned the Central Bank of Nigeria (CBN) and major commercial banks to provide explanations for the escalating cases of arbitrary and unexplained deductions from customers’ accounts nationwide. The resolution followed the adoption of a motion of urgent national importance moved by Hon. Tolani Shagaya (APC, Kwara) during plenary on Tuesday. ...
Business Direct
The Federal Government has concluded plans to issue a massive ₦4 trillion government-backed bond to settle verified legacy debts owed to power Generation Companies (GenCos) and gas suppliers. This landmark intervention, the largest in over a decade, is aimed at resolving the chronic liquidity crisis that has hampered investment and reliable electricity supply in Nigeria's ...
Economy
The International Monetary Fund (IMF) has upgraded its economic growth forecast for Nigeria, projecting a 3.9 percent expansion in 2025 and 4.2 percent in 2026. This revised outlook signals increased confidence in the country's reform-driven recovery. The updated projections were announced on Tuesday during the launch of the World Economic Outlook (WEO) report at the ...
Capital Market
The Central Bank of Nigeria (CBN) raised an estimated N10.4 trillion through Nigerian Treasury Bills (NTBs) in 2025, according to Primary Market data published by the apex bank. This figure represents a slight 1.09% decline from the N10.52 trillion raised during the same period in 2024. The total issuance remained robust despite a modest decline, ...
Money market
Polaris Bank has reiterated its commitment to delivering exceptional customer experience as it concluded activities marking the 2025 edition of the global Customer Service Week themed “Mission: Possible.” The week-long celebration, which ran from Monday to Friday, October 10, featured a series of customer appreciation events and staff recognition initiatives across the bank’s branches and ...
Money market
First Bank of Nigeria has reaffirmed its commitment to promoting sports development across the country through increased investments and strategic partnerships aimed at nurturing young talents and fostering national unity. The Chief Executive Officer of First Bank Group, Olusegun Alebiosu, stated this during the finals of the 2025 Amateur Open Championship sponsored by the bank ...
Economy
Transcorp Power Plc, one of Nigeria’s leading electricity generation companies and a subsidiary of Transnational Corporation Plc (Transcorp Group), has reported a strong financial performance for the third quarter (Q3) ended September 30, 2025. According to the company’s unaudited financial statements, revenue grew by 38% year-on-year to N308.5 billion, compared to N223.5 billion recorded in ...
Money market
BUA Foods Plc, a leading player in Nigeria’s fast-moving consumer goods (FMCG) sector, has sustained its impressive growth trajectory in the first half (H1) of 2025, buoyed by improved operational efficiency, disciplined cost management, and a resilient consumer market. As of June 30, 2025, the company’s market capitalisation stood at N8.26 trillion, with its share ...
Capital Market
The Central Bank of Nigeria (CBN) has issued new draft guidelines on Automated Teller Machine (ATM) operations, directing banks to refund customers for failed transactions within a stipulated period to enhance transparency and consumer protection in the country’s financial system. According to the circular titled “Exposure of the Draft Guidelines on the Operations of Automated ...
Money market
The Centre for the Promotion of Private Enterprise (CPPE) has issued a cautionary note, asserting that persistent exchange rate volatility is actively eroding the real value of Nigeria's recent fiscal reform gains, despite a nominal surge in government revenues. This assessment comes in the CPPE's latest policy brief, "Nigeria’s Fiscal and Tax Reforms," released on ...
Capital Market
The Nigerian stock market posted a positive overall performance this week, with the NGX All-Share Index (ASI) and Market Capitalisation both appreciating by 2.37%, ultimately closing at 146,988.04 points and N93.296 trillion, respectively, despite a noticeable slowdown in trading activity. Investors exchanged 2.286 billion shares valued at N90.280 billion across 138,177 deals, marking a significant ...
Money market
Nigerian businessman and philanthropist Tony Elumelu has called on investors in European countries not to be scared-off from investing in Africa, warning that the continent’s future could be shaped instead by China and Gulf nations if Europe remains passive. Elumelu, recognized as one of Africa’s wealthiest and most influential figures, amassed his fortune through investments in ...
