Business

In a bold statement to ensure financial inclusion, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday launched the Non-Resident BVN (NRBVN) — a secure digital gateway to banking for Nigerians abroad. The Governor, CBN, Mr Olayemi Cardoso at the lunching in Abuja said the NRBVN platform is a major milestone in…

The Senior Special Assistant to the President on Entrepreneurship Development in Communications, Innovation and Digital Economy, Ms. Chalya Shagaya, paid a courtesy visit to the headquarters of Legend Internet Plc to commend the company’s recent milestone achievement. During the visit, Ms. Shagaya congratulated Mr. Bruce Ayonote and the Legend team on the successful listing of two billion shares on the…

Senior Adviser to the President of Dangote Group, Fatima Wali-Abdurrahman, has said Dangote Industries Limited is partnering critical stakeholders in the economy to grow Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. Speaking at the Dangote Special Day at the ongoing 2025 Nasarawa Trade Fair Exhibition in Lafia, she said the participation of the company and partnership with the Nigeria…

The World Bank has expressed concern that Nigeria is not reaping the full financial benefits of fuel subsidy removal, as the Nigerian National Petroleum Company (NNPC) Limited is reportedly remitting only half of the expected revenue to the federation account. Alex Sienaert, the bank’s lead economist for Nigeria, revealed this during the launch of the May 2025 Nigeria Development Update…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has emphasised the critical need for robust collaboration among academia, industry, and government. This call was made during a working visit by a delegation from Lancaster University, United Kingdom, led by Professor Kirk Semple, Director of International Research, to NITDA’s corporate headquarters in Abuja. The visit centred…

FMDQ Securities Exchange Limited has announced the official launch of FMDQ Q-Pay, a secure and efficient online payment gateway integrated into its flagship market data and information repository, the FMDQ e-Markets Portal. The Exchange said it in line with its commitment to facilitate market transparency, as evident in the ongoing provision of essential market data and information on the Nigerian…

The Nigerian Maritime Administration and Safety Agency (NIMASA) has stated that the Cabotage Vessel Financing Fund (CVFF), to be disbursed by the Federal Ministry of Marine and Blue Economy through the agency, would attract an eight-year repayment plan at a single-digit interest rate. In a statement, the Director-General of NIMASA, Dr Dayo Mobereola, announced this during a one-day interactive forum…

The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April. According to NUPRC’s latest crude oil and condensate production data, the figure represents the first month-on-month output growth. The current production level signifies a 6.06 percent rise compared to March, when the yield was 1,400,783 bpd. With…

The equities market on Monday witnessed a mixed note as the overall capitalisation edged down by N296 billion amid profit-taking in MTN Nigeria Communication Plc (dropped by 2.07 per cent) and 25 others. The Nigerian Exchange Limited All Share Index (NGX ASI) lost by 471.93 basis points or 0.43 per cent to close at 108,261.47 basis points. Also, market capitalisation…

In demonstration of its commitment to financial empowerment targeting Youths, Unity Bank Plc has again championed the cause of financial literacy by facilitating Training in 13 secondary schools across Nigeria to commemorate the 2025 Global Money Week. Held under the theme, “Think before you follow, wise money tomorrow,” this year’s engagement focused on helping young people develop discernment and critical…