Business

The Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, has arrived in Cape Town, South Africa, to lead a high-level Nigerian delegation to the 2026 Investing in African Mining Indaba Conference. The monarch, who is the Permanent Chairman of the Southern Nigeria Traditional Rulers Council (SNTRC), is attending the conference, which is regarded as one of Africa’s most influential…

The National Pension Commission (PenCom) has formally adjusted the investment boundaries for Nigeria’s N21 trillion pension industry, a move analysts say will channel much-needed liquidity into the Nigerian Exchange (NGX) and generate more money for Pension Fund Administrators (PFAs) The adjustment was announced in an addendum released on Monday, February 9, 2026, to the Revised Regulation on Investment of PFAs…

Access Bank’s proposed acquisition of a 100 per cent stake in South Africa’s Bidvest Bank has collapsed after the parties failed to secure all required regulatory approvals. The development was disclosed by Bidvest Group, the parent company of Bidvest Bank, in an update to shareholders on Monday. The collapse brings to an end a deal that was expected to significantly…

The Governor, Central Bank  of Nigeria (CBN), Mr.  Yemi Cardoso has warned that despite recent economic gains, the country faces significant risks to stability, especially with elections looming next year. He told the National Economic Council Conference at the Presidential Villa on Monday that a large amount of liquidity remains in the system, and election year spending could destabilize the…

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) are proposing regular joint audits of banks, telecom operators and other ecosystem players as part of a new national framework aimed at tackling persistent failures in airtime and data purchase transactions. The proposal is contained in an exposure draft jointly issued by the two regulators and dated February…

Ecobank Transnational Incorporated Plc (ETI) has declared its unaudited result and accounts for full year ended December 31, 2025 with total assets growth of  14 per  cent to N49.4trillion, a milestone performance from N43.3 trillion posted in 2024.  The Pan-African financial institution also saw its loans & advances to customers grew by 11 per cent to N17.09 trillion in 2025 from…

The Nigerian Communications Commission (NCC) has reaffirmed its commitment to strengthening partnerships among telecommunications regulators within the West African sub-region as part of efforts to promote collaboration and regional integration. The Executive Vice Chairman of the NCC, Dr Aminu Maida, restated this commitment while hosting a high-level delegation from the Liberia Telecommunications Authority (LTA) at the Commission’s headquarters in Abuja.…

Transcorp Power Plc has  announced its audited financial results for the year ended December 31, 2025, recording a 14 per cent growth in profit to N91.42 billion as against N80.01 billion declared in 2024 financial year. Amid increases in profit, its Earnings per Share (EPS) increased from N10.67 in 2024 to N12.19 per share in 2025. The shareholders of the…

The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, has called on leaders and key stakeholders in the South-East to prioritise security and peace, infrastructure development and the delivery of bankable, investment-ready projects. This, according to him, is critical if the South Eastern region of the country is to unlock its long-term development agenda under…

The National Information Technology Development Agency (NITDA) has reaffirmed its commitment to strengthening collaboration with the International Telecommunication Union (ITU), describing the organisation’s global expertise as a valuable resource for transferring tested solutions and best practices to Nigeria’s digital ecosystem. NITDA made this known through its Director of Corporate Planning and Strategy, Dr. Warowei Dimie, when the Director of the…