- Business
ICAN, NGX RegCo honours excellence at 3rd corporate reporting awards
The Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX RegCo) have convened the 3rd edition of the Corporate Reporting Awards, recognising listed companies on Nigerian Exchange (NGX) for excellence in financial reporting, corporate governance, and sustainability disclosures for the 2024 financial year. Covering companies on the NGX 30 Index, the awards assess performance across three pillars,…
Read More » - Economy
Nigeria’s markets gain credibility as exit route for investors, says Popoola
Nigeria’s capital markets are beginning to establish credibility as a viable exit route for institutional investors, the Group Managing Director and Chief Executive Officer of Nigerian Exchange Group, Temi Popoola said, citing recent transactions and structural reforms aimed at improving market function. “The true test of any market is not entry, but exit,” said Popoola, during a presentation to investors…
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Nestlé Nigeria partners FG on dairy skills development centre
Nestlé Nigeria Plc has entered into a strategic partnership with the Federal Ministry of Livestock Development to establish a Dairy Technical Skills Development Centre in Paikon Kore, Gwagwalada, in a move aimed at strengthening technical capacity and enhancing productivity within Nigeria’s dairy sector. The agreement, formalised through the signing of a Memorandum of Understanding, underscores a shared commitment to improving…
Read More » - Economy
FG raised N100bn from dormant accounts, unclaimed dividends in 2025
The Debt Management Office (DMO) in a report has revealed that the Federal Government has raised N100 billion through the Unclaimed Funds Trust Fund (UFTF), drawing on dormant bank balances and unclaimed dividends as part of its domestic borrowing programme. The debt office in its latest domestic debt stock report, listed an instrument known as “UFTF FGN Security” valued at…
Read More » - Perspectives
X-raying Atiku’s weird 2027 presidential ambition and his past failures, by Kola Amzat
Suddenly, the much vaunted presidential ambitions of the likes of Rotimi Amaechi, Peter Obi, and others through the ADC platform seem to have gone into flame, giving way to deafening silence, despondence and frustration. If the news filtering from ADC camp and the utterances of former vice president are anything to go by, cornering the party’s presidential ticket seems a…
Read More » - Perspectives
A generation under siege as Nigeria’s drug crisis deepens, by Blaise Udunze
This piece speaks directly to the current consciousness of many Nigerians as some crises erupt with noise, explosions of violence, economic shocks, political upheavals and then some unfold quietly, steadily, almost invisibly, until their consequences become impossible to ignore. Nigeria today is living through the latter. Today, this hardly or rarely dominates the front pages of newspapers with the same…
Read More » - Economy
CBN targets diaspora remittance inflows of $1bn monthly in 2026, says Cardoso
The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that the apex bank is targeting diaspora remittance inflows of $1 billion monthly by the end of 2026. He stated that the current inflows stand at about $600 million per month. Cardoso, who spoke on Friday during a joint press briefing with Wale Edun, the minister of…
Read More » - Business
BREAKING: NGX extends trading transactions by 7hours
Nigerian Exchange Limited (NGX) on Friday announced the expansion of its trading hours from 9:00 a.m. to 4:00 p.m. (WAT), effective Monday, 27 April 2026, in a move designed to deepen market liquidity, enhance price discovery, and broaden investor access. A statement issued by Head, Group Communications and Partnerships, NGX, Mr. Clifford Akpolo stated that the Securities and Exchange Commission…
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CBN launches NOFR benchmark amid improving transparency
The Central Bank of Nigeria (CBN) has introduced the Nigerian Overnight Financing Rate (NOFR), a new benchmark interest rate aimed at improving transparency, deepening the money market, and strengthening monetary policy effectiveness. The Nigerian Overnight Financing Rate (NOFR) is a transaction-based benchmark for the money market, reflecting the interest rate for secured overnight funds in the interbank market. The apex…
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Airtel Nigeria joins MTN Nigeria to suspend airtime, data credit services
Airtel Nigeria has joined MTN Nigeria Communication Plc to temporarily suspend its airtime and data credit services, becoming the second major telecom operator in the country to halt such offerings following new regulatory requirements for digital lending. The company disclosed this in a statement signed by its Director of Corporate Communications and CSR, Femi Adesina, issued on Friday, noting that…
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