Business

The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening Nigeria’s digital sovereignty and protecting the nation’s critical digital infrastructure through its partnership with the Central Bank of Nigeria (CBN) to advance the implementation of the National Sovereign Cloud Initiative and data localisation.  NITDA Director General, Kashifu Inuwa, said this at the Executive Regulatory Dialogue which was…

United Bank for Africa (UBA) Plc, has set new standards in digital banking by being the first to enable Google Pay for eligible Visa and Mastercard users, reinforcing its commitment towards delivering innovative, secure and convenient payment solutions. With this development, eligible customers can now make fast and convenient digital payments using compatible devices, further enhancing their banking experience and…

Chairman of BUA Group, Abdul Samad Rabiu, says Nigeria’s foreign exchange (FX) reforms have eased businesses’ access to dollars, reducing their dependence on allocations from the Central Bank of Nigeria (CBN). Speaking at the 32nd Nigerian Economic Summit on Monday, Rabiu recalled that companies previously had to visit the CBN every two weeks to obtain foreign exchange for purchasing machinery…

Dangote Petroleum Refinery and Petrochemicals has successfully concluded its landmark Initial Public Offering (IPO), attracting investor applications from 120 countries across all six inhabited continents, including all 54 African countries. In a statement on Tuesday, the company described the development as an unprecedented demonstration of the continent’s capacity to mobilise capital and broaden ownership of strategic industrial assets. The historic…

Investors on the Nigerian equities market gained N2.64 trillion Monday as capitalization advanced to N163.16 trillion, reflecting the bullish momentum that lifted the All-Share Index back above 250,000basis points. The All-Share Index (ASI) gained 4,068.27 points, rising 1.65 per cent to close at 251,290.54, on renewed investor confidence and sustained buying interest across the bourse. Also, market capitalisation rose by…

Ecobank Nigeria has announced the Top 20 finalists for InnovateX 2026, its flagship youth innovation challenge powered by Blaze by Ecobank in partnership with Verve. The finalists emerged from a competitive selection process involving 168 teams, comprising 672 undergraduate students from 90 universities across Nigeria. The grand finale, scheduled for October 30, 2026, at the Ecobank Pan African Centre (EPAC),…

United Bank for Africa (UBA) Plc, has launched a Group-wide Climate Action Week to deepen climate awareness, promote responsible environmental practices and advance sustainable finance across its African and international operations. The five-day campaign is with themed “Banking on Africa’s Climate Future” and reflects the Bank’s commitment to integrating environmental responsibility into its operations, customer engagement and financing solutions. The…

The Nigerian foreign reserves   jumped to $55.16billion as of October  22, 2026 amid a hike in  global crude oil prices.   This is according to the Central Bank of Nigeria (CBN) in its foreign reserves data. As of October 23, 2026 WTI crude traded at $103.27 per barrel (up $3.80 on the day) and Brent crude at $116.72. US commercial…

Seplat Energy Plc has underscored the critical role of transparency, strong corporate governance and stakeholder collaboration in unlocking structured financing opportunities and accelerating sustainable growth across Nigeria’s energy sector. Speaking at the Olaniwun Ajayi Structured Finance Roundtable in Lagos recently, Seplat Energy’s Chief Financial Officer and Executive Director, Eleanor Adaralegbe, called on companies, particularly industry pioneers, to embrace openness and…

Dr Seyi Tytler, Executive Director of Emerging Communities, is promoting financial literacy and business management through HERTISAN, an initiative supporting women artisans and entrepreneurs. The programme combines enterprise development with practical guidance for women who have technical skills but need help managing the financial demands of running a business. Its focus includes cost management, pricing, record-keeping and growth decisions. It…