Business

By Boye Oyeyemi Flutterwave has obtained regulatory approval from the Central Bank of Nigeria to offer banking services, marking a major step in its expansion within the country’s financial sector. The development comes as the fintech firm revealed it has processed over $40bn in transactions on its platform within a decade of operations. The licence is expected to enable the…

Central Securities Clearing System Plc (CSCS) has announced enhancements to its investor onboarding processes aimed at improving efficiency, strengthening service delivery, and enhancing the overall experience for participants in the Nigerian capital market. The enhancements are designed to support faster account creation, improve the processing of investor data, and enable more seamless interaction across market participants, including exchanges, brokers, registrars,…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called for stronger collaboration among stakeholders to unlock opportunities in Nigeria’s digital economy and accelerate national development. Inuwa made the call at the NITDA-States IT Stakeholders’ Engagement and Ecosystem Development Programme, themed “Creating Opportunities, Breaking Boundaries: Towards Digitalisation and Entrepreneurial Evolution,” held in Abuja. Speaking at…

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) to compensate subscribers who experience poor quality of service below prescribed standards in specific locations. The commission stated that subscribers should not bear the burden of service disruptions where operators fail to meet established Quality of Service (QoS) targets. Under the directive, operators found wanting will be required to…

The Federal Government has identified three South-West states — Lagos, Oyo and Ogun — among the top performers in Nigeria’s latest ease of doing business ranking. Other states on the list include Kaduna, the Federal Capital Territory (FCT), Enugu, Plateau, Ekiti, Kano and Nasarawa. The ranking, contained in the 2025 Subnational Ease of Doing Business Report, indicates that reform-focused states…

Oceangate Engineering Oil & Gas Limited, owned by businesswoman Aisha Achimugu, has begun the process of appealing a court ruling that ordered the final forfeiture of $13 million linked to its founder and the company. The Federal High Court in Abuja had on Wednesday granted the forfeiture order following a suit filed by the Economic and Financial Crimes Commission (EFCC),…

Late Access Bank CEO Herbert Wigwe has been linked to 106 London properties in a sweeping new investigation into offshore ownership in the British capital. A sweeping investigation into offshore ownership of London property has linked the late Nigerian banking executive Herbert Wigwe to 106 properties in the British capital, casting fresh light on the scale of his footprint in…

By Adejayan Gbenga Governor Seyi Makinde of Oyo State has disbursed N1.5 billion to 1,000 beneficiaries of the Youth Entrepreneurship in Agribusiness Project (YEAP) under the Sustainable Actions for Economic Recovery (SAfER) initiative. The beneficiaries which were trained in 2021 at CSS Global Integrated Farms, accessed the funds through a partnership between the Oyo State Agribusiness Development Agency (OYSADA), First…

 President Bola Tinubu has congratulated economist, banker and philanthropist, Tony Elumelu, on his 62nd birthday, describing him as an African business icon and a leading advocate of enterprise on the continent. The Chairman of Heirs Holdings, United Bank for Africa and Transcorp, will turn 62 on March 22, 2026. In a statement issued on Saturday, the president commended him, for…

Dangote Petroleum Refinery has announced an increase in the ex-depot price of Premium Motor Spirit (petrol), citing escalating global geopolitical tensions as the driving factor. In a notice to petroleum marketers on Friday, the refinery confirmed that the ex-depot (gantry) price of petrol has been raised from N1,175 per litre to N1,245 per litre, while the coastal price increased from…