- Business
Supreme Court sanctions Unity Bank, Providus Bank merger
The Supreme Court has sanctioned the merger of Unity Bank and Providus Bank, paving the way for the conclusion of one of the biggest consolidations in the Nigerian banking industry. The Court on Monday dismissed an appeal seeking to halt the transaction and awarding costs of N10 million against the appellants in favour of each respondent. This put an end…
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Pension assets rose 4.8% to N30trn in April 2026, says PenCom
The National Pension Commission (PenCom) has revealed that Nigeria’s pension assets increased to a record N30.94 trillion in April 2026. This represents a growth of 4.8 per cent compared with N29.52 trillion recorded the previous month. In its unaudited report on the pension funds industry portfolio for the period ended April 30, 2026, PenCom said the industry’s asset base expanded…
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CBN unveils PSV-2028 to drive digital economy growth
The Central Bank of Nigeria (CBN) has launched the Nigeria Payments System Vision 2028 (PSV-2028), describing the country’s payments infrastructure as a strategic pillar for economic growth, financial inclusion, and global competitiveness. Speaking at the unveiling in Abuja , CBN Governor Olayemi Cardoso said the new framework is not merely a policy document but a long-term roadmap for how Nigerians…
Read More » - Economy
Equities market drops by N1.81trn to kick-off June 2026 on negative note
The Nigerian equities market opened June on a negative note, shedding N1.81 trillion from market capitalization. The All Share Index (ASI) declined by 2,824.81 points, representing a loss of 1.13 per cent to close at 247,560.66 points. Accordingly, market capitalisation shed N1.81 trillion to close at N158.698 trillion. The downturn was impacted by losses recorded in medium and large capitalised…
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Nigeria’s capital market leads Africa with transition to t+1 settlement cycle
The Nigerian capital market on Monday achieved a historic milestone with the successful transition to a T+1 settlement cycle, becoming the first market in Africa to implement the shortened settlement framework designed to enhance efficiency, reduce risk, and improve global competitiveness. Speaking at the T+1 Settlement Cycle Transition Ceremony in Lagos, the Director-General of the Securities and Exchange Commission (SEC),…
Read More » - Perspectives
Tinubu: Tribute to a discerning leader who democratises power and share wealth, by Kola Amzat
Some months back before the APC recently concluded primaries, the political space was completely overwhelmed with speculation that Seyi Tinubu was the candidate to beat in the Lagos APC gubernatorial primary elections. To put it succinctly: rumour was rife that the president had concluded a plan to foist his son on the people of the state of excellence as the…
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Access Bank wins dual honours at 2026 global good governance awards
Access Bank Plc has been recognised with two prestigious honours at the 2026 Global Good Governance (3G) Awards, reaffirming its leadership in corporate governance and sustainable community impact. The Bank received the 3G Community Empowerment Award 2026 and 3G Best Corporate Governance Framework Award 2026. The awards, conferred by Cambridge IFA under the Global Good Governance Awards (3G Awards) platform,…
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FG spent N3.41trn on debt servicing in Q3 2025, says Budget office
The budget office of the federation revealed that the Federal Government spent an estimated N3.41 trillion on debt servicing in the third quarter (Q3) of 2025. In its recent 2025 Q3 macroeconomics & financial analysis report, the office said the figure represents N171.9 billion or 4.8 percent below the projected N3.58 trillion for the period. “Total Debt Service in the…
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CBN shifts PoS geo-fencing enforcement to August 1
The Central Bank of Nigeria (CBN) has postponed the enforcement of its mandatory Point of Sale (PoS) terminal geo-fencing framework to August 1, 2026, while significantly expanding the permitted geo-fence radius for operators. This was according to a circular dated May 29, 2026 and signed by the Director of the Payments System Supervision Department, Dr Rakiya O. Yusuf. According to…
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End of the road for Makinde and his candidates, by Kola Amzat
Suddenly, there is a deafening silence in the camp of Oyo state governor-Seyi Makinde. The political bloc is completely stuck in the middle of the road. The governor and his faithful across the state are enveloped in despair, frustration and despondence. The political bloc is isolated. They’re not talking to anyone; no one is interacting and conversing with them either.…
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