- Perspectives
Wike’s ‘shoot’ statement: Opposition making mountain out of a molehill, by Kola Amzat
Following the de-recognition of David Mark-led national executive of the African Democratic Congress (ADC), Seun Okinbaloye, while anchoring Channels TV’s Politics last Thursday, expressed concern over the consequences of Nigeria transiting into a one-party state. He affirmed: “I am particularly distressed because what makes the elections very interesting is when it is competitive, not when only one party stands in…
Read More » - Economy
2025FY: Zenith Bank declares 5% drop in profit to N1.26trn
Zenith Bank plc has released its audited group financial results for the full year ended December 31, 2025 with about five per cent drop in profit before tax to N1.26 trillion from N1.33 trillion reported in 2024. The audited result and accounts on the Nigerian Exchange Limited (NGX) also revealed one per cent increase in profit after tax to N1.04…
Read More » - Economy
Nigeria, Indonesia reaffirm commitment to strategic economic cooperation
Nigeria and Indonesia have taken a significant step towards strengthening bilateral relations, as the Ambassador of the Republic of Indonesia to Nigeria, Mr Bambang Suharto, paid a courtesy visit to the Federal Ministry of Budget and Economic Planning to further discussions on economic cooperation, institutional partnerships, and sustainable development. The high-level meeting was chaired by the Minister of Budget and…
Read More » - Economy
Nigeria earned N62.3trn from taxes in 3 years, says report
As Nigeria broke its decades-long fiscal dependence on oil revenue, a report by Quartus Economics has revealed that between 2023-2025, an estimated N62.3 trillion was earned from taxes alone, with the non-oil sector contributing the highest proportion. The report titled , “Nigeria Unshackled: Inside the Steady Rise of a Fiscal State, ” stated that oil sector contributed just 27per…
Read More » - Economy
SEC, others engage African Exchanges on cross-border listings
The Securities & Exchange Commission ((SEC), NGX Group Plc and other capital market stakeholders in Africa recently convened in Lagos to advance cross-border listings and deepen integration across the continent’s capital markets. The engagement brought together stakeholders within the African Securities Exchanges Association, including representatives from the Johannesburg Stock Exchange (JSE), Ghana Stock Exchange (GSE), Ethiopian Securities Exchange (ESX), Bourse…
Read More » - Economy
Nigeria money supply drops to N123.15trn in February 2026, says CBN
The Central Bank of Nigeria (CBN) has revealed that Nigeria’s broad money supply (M3) dropped marginally to N123.15 trillion in February 2026, down from N123.36 trillion in January 2026. Despite the monthly decline, M3 remains significantly higher than the N110.71 trillion recorded in February 2025, highlighting a continued year-on-year expansion in liquidity across the economy. Broad money, or M3, captures…
Read More » - Economy
World Bank approves $500m loan for Nigeria’s agriculture sector
The World Bank has approved a $500 million International Development Association (IDA) credit for Nigeria to boost agricultural productivity, strengthen value chains, and improve food security under a new programme tagged the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) Project. This was disclosed in a statement published on the bank’s website, where it outlined the objectives and expected impact of…
Read More » - Economy
Flutterwave secures licence from CBN to operate banking service
Flutterwave Inc., an African payments technology company, said it has secured a Nigerian banking licence from the Central Bank of Nigeria (CBN). Founder and chief executive officer (CEO) of Flutterwave, Olugbenga Agboola, announced the development in a post on Thursday. According to the statement, the licence enables Flutterwave to hold funds and deposits directly, marking a significant milestone in its…
Read More » - Business
CSCS enhances investor onboarding services to improve market access
Central Securities Clearing System Plc (CSCS) has announced enhancements to its investor onboarding processes aimed at improving efficiency, strengthening service delivery, and enhancing the overall experience for participants in the Nigerian capital market. The enhancements are designed to support faster account creation, improve the processing of investor data, and enable more seamless interaction across market participants, including exchanges, brokers, registrars,…
Read More » - Economy
Nigeria’s total oil, condensate reserves at 37.01bn barrels, says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared Nigeria’s total oil and condensate reserves at 37.01 billion barrels as of January 1, 2026. The Commission also revealed that gas reserves at 215.19 trillion cubic feet (TCF) in the period under review. The commission’s chief executive Oritsemeyiwa Eyesan made the announcement, on Wednesday, highlighting the NUPRC’s mandate under the Petroleum…
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