Business

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has underscored the importance of digital infrastructure as a critical driver of economic growth, innovation, competitiveness, and national development. Inuwa made this known during the closing keynote panel session of the Datacloud Global Congress 2026 held in Cannes, France, where he joined global industry leaders to discuss the…

The Central Bank of Nigeria (CBN) has raised N1.46 trillion at its June 3 Treasury bills primary market auction, hiking stop rates across all tenors despite heavy demand attracting N2.160 trillion in subscriptions, more than double the offer size of N1 trillion. The 364-day bill alone attracted subscriptions of N1.95 trillion against an N800 billion offer. This is according to…

Airtel Africa Plc has emerged as the standout large-cap performer on the Nigerian Exchange Limited  (NGX), recording a 10 per cent gain in a single trading week and reinforcing its position as one of Africa’s most resilient and valuable telecommunications companies The telecoms giant closed the week at N3,655.70 per share, up from N3,323.40, making it one of the strongest…

 The International Finance Corporation (IFC), Nigerian Exchange Group (NGX Group), and the Lagos Chamber of Commerce and Industry (LCCI) have unveiled the Nigeria Gender Country Program (NGCP) at a high-level virtual CEO Roundtable convened to advance private sector action on gender equality and inclusive economic growth. The session brought together chief executives and senior business leaders from NGX-listed companies, IFC…

Lagos, Ogun, and Kaduna states have emerged as Nigeria’s best-performing subnational governments in the 2025 edition of the Phillips Consulting State Performance Index (pSPI), a new assessment that evaluates governance, fiscal strength, service delivery, and citizen perception across the country. According to the report, Lagos ranked first nationally, followed by Ogun in second place and Kaduna in third, making them…

Vice President Kashim Shettima has commended the donation of specialised satellite communication equipment by Starlink, a SpaceX satellite internet service, to the National Emergency Management Agency (NEMA), saying it will significantly strengthen Nigeria’s disaster response capacity. Shettima gave the commendation on Tuesday at the Presidential Villa, Abuja, during a courtesy visit by a delegation from NEMA and Starlink led by…

The Supreme Court has sanctioned the merger of Unity Bank and Providus Bank, paving the way for the conclusion of one of the biggest consolidations in the Nigerian banking industry. The Court on Monday dismissed an appeal seeking to halt the transaction and awarding costs of N10 million against the appellants in favour of each respondent. This put an end…

The National Pension Commission (PenCom) has revealed that Nigeria’s pension assets increased to a record N30.94 trillion in April 2026. This represents a growth of 4.8 per cent compared with N29.52 trillion recorded the previous month. In its unaudited report on the pension funds industry portfolio for the period ended April 30, 2026, PenCom said the industry’s asset base expanded…

The Central Bank of Nigeria (CBN) has launched the Nigeria Payments System Vision 2028 (PSV-2028), describing the country’s payments infrastructure as a strategic pillar for economic growth, financial inclusion, and global competitiveness.  Speaking at the unveiling in Abuja , CBN Governor Olayemi Cardoso said the new framework is not merely a policy document but a long-term roadmap for how Nigerians…

Access Bank Plc has been recognised with two prestigious honours at the 2026 Global Good Governance (3G) Awards, reaffirming its leadership in corporate governance and sustainable community impact. The Bank received the 3G Community Empowerment Award 2026 and 3G Best Corporate Governance Framework Award 2026.  The awards, conferred by Cambridge IFA under the Global Good Governance Awards (3G Awards) platform,…