- Economy
Nigeria’s non-oil exports rise to N12.36trn in 2025, says NBS
The National Bureau of Statistics (NBS) on Wednesday disclosed that Nigeria’s non-oil exports rose significantly in 2025, reaching N12.36 trillion between January and December. The Bureau in its Foreign Trade in Goods Statistics disclosed that the reported N12.36 trillion represents a sharp increase from N9.09 trillion recorded in 2024, highlighting stronger export performance outside the country’s oil sector. The latest…
Read More » - Economy
NNPC secures Presidential approval for $20bn FID on Bonga deepwater project
President Bola Tinubu has approved a targeted fiscal incentive aimed at unlocking the long-awaited Final Investment Decision(FID) on the Bonga Southwest Aparo, BSWA, deepwater project, a move expected to attract about $20 billion in foreign direct investment and significantly boost Nigeria’s energy sector. Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited, Andy Odeh, disclosed this in a…
Read More » - Business
SEC launches platform to bridge regulatory gaps in Nigeria’s FinTech sector
The Securities and Exchange Commission (SEC), has officially launched its inaugural Regulator/FinTech Clinic, signaling a proactive step towards strengthening dialogue with Nigeria’s rapidly growing financial technology ecosystem. The event, held on Tuesday aims to align innovation with regulatory compliance while ensuring investor protection. Opening the clinic, the SEC DG Emomotimi Agama highlighted the significance of a collaborative approach between regulators…
Read More » - Business
Zedvance Finance disburses N96bn in commercial lending, sets N250bn target for 2026
…spotlights flagship product, Liquidity Solutions, for growth Zedvance Finance Limited, a leading provider of consumer and business financing solutions in Nigeria, has disbursed over N96 billion in funding to support commercial businesses across the country, establishing its strong positioning beyond retail lending and reinforcing its commitment to bridging the gap between enterprise growth and access to timely financing solutions. Leveraging…
Read More » - Business
FCMB Group meets CBN’s N500bn capital threshold
FCMB Group Plc has announced the successful completion of its N500 billion capital raise ahead of the Central Bank of Nigeria’s (CBN) March 31, 2026 recapitalisation deadline. The development was disclosed in a statement dated March 8, 2026, and signed by the Group Chief Executive, Ladi Balogun. With this announcement, FCMB joins other Nigerian banks that have concluded their capital…
Read More » - Business
IWD: SEC DG commends Women on capital market development
The Director General of Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has commended female members of staff of the Commission, reaffirming the Management’s commitment to supporting and empowering women. Agama made the remarks during International Women’s Day, held on Monday March 9, organised by the commission to celebrate women and acknowledge their role in national development also recognised their…
Read More » - Perspectives
Ambassadorial postings: President is spot on, by Kola Amzat
After months of waiting by the expectant nation, the president has eventually posted the ambassadorial nominees to their designated countries. They are billed to resume immediately. The posting exercise came at a defining time when visible results of the president’s bold and transformational reforms are beginning to manifest with respect to unprecedented increase in crude-oil production presently standing at 1.71…
Read More » - Business
NNPCL declares 47% drop in revenue to N2.57trn
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a 47 per cent decline in revenue in January 2026, with earnings falling to N2.57 trillion from N4.82 trillion in December 2025. The figures were disclosed in the company’s Monthly Report Summary for January 2026, which highlighted a significant contraction in revenue despite a marginal improvement in profit after tax. The…
Read More » - Business
NNPCL supplies more crude to Dangote refinery as petrol crosses N1,000/litre
The Federal Government, through the Nigerian National Petroleum Company Limited (NNPCL), has taken steps to secure crude oil supply for the Dangote Petroleum Refinery via third-party international traders to sustain local refining operations. This is coming when petrol prices are becoming increasingly burdensome for the average Nigerian consumer, fueled by the recent conflict in the between USA/Israel and Iran. Escalating…
Read More » - Business
Signature Bank raises capital to N52bn, surpasses CBN’s N50bn recapitalisation threshold
Signature Bank Limited has increased its capital base to N52 billion, exceeding the Central Bank of Nigeria’s (CBN) prescribed minimum capital requirement of N50 billion for regional commercial banks. The increase followed the successful completion of a rights issue, positioning the Bank in full alignment with the regulatory expectations under the ongoing banking sector recapitalisation exercise. The rights issue formed…
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