Business

…says financial stability now depends on digital stability  The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has declared that Nigeria’s financial stability can no longer be guaranteed through traditional regulatory approaches, warning that banking has evolved into a complex digital ecosystem requiring real-time supervision, cross-sector collaboration, digital sovereignty, and enhanced operational resilience.   Speaking on “Digital Transformation, Supervision,…

…targets decentralisation of innovation ecosystem for greater opportunities  The National Information Technology Development Agency (NITDA) has taken steps to establish common standards for innovation hubs across the country as part of efforts to decentralise Nigeria’s innovation ecosystem and create greater opportunities for young Nigerians to develop and scale technology-driven businesses within their local communities. Speaking in Abuja at the National…

Zenith  Bank’s decision to seek a six-week extension to publish its H1 2026 audited financial statements highlights the regulatory clearance process that major  banks are facing following the sector’s recapitalisation exercise.  Although the Board approved the accounts on July 29, 2026, regulatory approval remains outstanding.Credit & Lending  The bank now has until October 9, 2026, to publish the results, although…

Nigeria’s equities market recorded a 57 per cent return in the first seven months of 2026, but the rally was driven predominantly by domestic capital rather than a resurgence in foreign portfolio investment, Managing Director of Coronation Asset Management, Aigbovbioise Aig-Imoukhuede, has said. Aig-Imoukhuede, speaking at the H1 2026 Capital Market Review and Outlook for Second Half of the year…

…distributes starter toolkits to 50 Kaduna youths The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with GRUFIX Global Services Limited, has completed a five-day training and empowerment programme in Google Mapping and Geographic Information System (GIS) technology for 50 Nigerian youths in Kaduna State. The programme, held from August 10 to 14, 2026, in Kaduna, was designed to…

FMDQ Securities Exchange Limited has approved the quotation of Ojaja Pan Africa Limited’s N4.80 billion Series 1, N1.36 billion Series 2, and N19.37 billion Series 3 Commercial Papers under its N100.00 billion CP Issuance Programme on its platform.  The approval by the Exchange’s Board Listings and Markets Committee, further expands Ojaja Pan Africa’s access to Nigeria’s debt capital markets and…

The Federal Competition and Consumer Protection Commission (FCCPC) has commenced an investigation into possible manipulation of cement prices in Nigeria, following widespread complaints over the rising cost of the building material. The commission disclosed this in a statement on Tuesday, saying preliminary findings from a three-month industry-wide study indicated that prevailing cement prices might not be fully explained by production…

By Olatomiwa Osho  The Institute of Chartered Accountants of Nigeria (ICAN), Lagos State Public Service Chapter, and the Ifako-Ijaiye & District Society have strengthened their professional ties with the Office of the State Auditor-General, Lagos State. The ICAN delegation, led by Mrs. Suarau Oluwatoyin, FCA, and Mr. Olofinsawe Phillips Alaba, FCA, paid a courtesy visit to the Office to promote…

Experts at the weekend urged Nigerian youths and teens to adopt a disciplined lifestyle needed to faithfully adopt the culture of saving and investing early in life for a more prosperous tomorrow. The experts who spoke at the maiden edition of the Investdata Teens and Youths Investment Summit organized by the management of Investdata Consulting Limited, in Ogba, Ikeja, Lagos,…

Lagos State Governor Babajide Sanwo-Olu, has commissioned a newly constructed 120-room Ibis Hotel in Lekki Phase I, describing the investment as a demonstration of investors’ confidence in the state. Sanwo-Olu, represented by the Secretary to the State Government, Bimbola Salu-Hundeyin, said the hotel’s opening reflected confidence in Lagos, Nigeria’s economy and the capacity of local investors to develop facilities that…