- Economy
Nigeria’s budgets must be harmonised across fiscal years, says Rewane
The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has expressed the need for Nigeria budget to be harmonised across fiscal years, stressing that the 2025 budget, supplementary budget and the 2026 budget should be aligned and adjusted to deal with reality rather than overly optimistic assumptions. Rewane stated this on Saturday in Lagos while speaking at the RCCG…
Read More » - Economy
NDIC, EFCC to further strengthen collaboration to recover failed banks assets, debts
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to strengthening collaboration with the Economic and Financial Crimes Commission (EFCC) to enhance the recovery of failed banks’ assets and debts as well as the investigation and prosecution of persons who contribute to the failure of banks. Nigeria Deposit Insurance Corporation (NDIC) delegation led by the MD/CE NDIC Mr.Thompson Oludare…
Read More » - Perspectives
As opposition flounder, Tinubu consolidates, by Kola Amzat
To the politically savvy and discerning, it’s not difficult to discern where the pendulum of victory would swing during the forthcoming 2027 general elections. However, to political pretenders, they still prefer to swim in the ocean of deception and deceit even though fact is already steering them in the face. Except APC, all other political parties are presently in the…
Read More » - Homeland News
Kwara: Military operations neutralize terrorists in Ifelodun, Patigi, Gbugbu
…residents urged to fish out moles, be vigilant By Mosunmola Ayobami, Ilorin Ongoing military operations have attacked terrorist camps in parts of Edu, Ifelodun, and Patigi Local Government Areas in Kwara State, neutralising many kidnappers and terrorists. The military operations hit bandits’ camps operated by notorious kidnappers and terrorists with hideouts in Baba Sango (Ifelodun), Gbugbu (Edu), and Lata (Patigi). …
Read More » - Business
Naira gains against dollar as Nigeria’s FX reserves cross $46bn
The Naira gained against the Dollar at the official foreign exchange market on Friday to end the week on a good note. Friday’s uptrend came as the country’s external reserves hit the $46 billion mark. The Central Bank of Nigeria’s data showed that the Naira appreciated to N 1,421.63 against the dollar on Friday, up from N 1,422.07 traded on…
Read More » - Economy
Global trade has experienced most severe disruption in 80 years, says Okonjo-Iweala
The Director-general (DG) of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala has acknowledged that global trade has experienced its most severe disruption in 80 years, with multilateral trade rules weakened by geopolitical tensions and unilateral actions. Okonjo-Iweala spoke on Friday during a panel session on the global economic outlook at the 2026 World Economic Forum (WEF) in Davos, Switzerland. According…
Read More » - Economy
- Economy
$2bn debt case: Appeal court disqualifies Olanipekun, Banire as counsel to Nestoil, Neconde
The court of appeal on Friday rejected the appointment of Wole Olanipekun and Muiz Banire as counsel representing Nestoil and Neconde in the $2 billion debt case filed by FBNQuest Merchant Bank Limited and First Trustees. In its ruling, the court held that the powers of the Ernest Azudialu-Obiejesi-led board of directors to appoint lawyers has been suspended by the…
Read More » - Business
Investors drive equities market transaction to N11.9trn in 2025
The Nigeria’s equities market recorded a historic performance in 2025 as total transactions rose sharply to N11.92 trillion, driven by a resurgence in foreign portfolio participation and sustained dominance by domestic investors. According to the Domestic & Foreign Portfolio Participation in Equity Trading Summary of Transactions as of 31 December 2025, released by the Nigerian Exchange Limited on Thursday, market…
Read More » - Business
Tony Elumelu joins Seplat board after Heirs Energies’ acquisition
Seplat Energy Plc has appointed Tony Elumelu as a non-executive director on its board, effective 22 January 2026. Elumelu is the chairman of Hiers Energies, an indigenous oil and gas company that recently acquired a 20.07 percent equity stake previously held by a French firm in Seplat Energy Plc. In a corporate filing on Thursday, signed by Edith Onwuchekwa, its…
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