Business

The Central Securities Clearing System (CSCS) Plc has confirmed its readiness to transition to a T+2 settlement cycle on November 28, 2025, a move expected to enhance Nigeria’s capital market efficiency, reduce settlement risks, and align with international standards. Capital market stakeholders have expressed strong confidence in the market’s preparedness for this critical shift. Speaking at a stakeholder webinar themed…

The IMF meeting has offered a platform to showcase the concrete advancements of Nigeria’s reform strategy. The Governor, Central Bank of Nigeria (CBN) and leader of the Nigerian delegation, Mr. Olayemi Cardoso, has stated the 2025 Annual Meetings of the International Monetary Fund (IMF) and the World Bank has provided Nigeria with an opportunity to demonstrate the tangible progress of…

Vice President of the Dangote Group, Mr. Olakunle Alake, has marked his 35th anniversary with the conglomerate, expressing gratitude to God and the company’s founder, Alhaji Aliko Dangote, for their roles in his career journey. In a message commemorating the milestone, Alake described his 35-year journey with the Dangote Group as “incredible,” recalling how much the organisation had transformed since…

The Director General, National Information Technology Development Agency (NITDA), Kashifu Inuwa, has reaffirmed Nigeria’s commitment to leveraging Artificial Intelligence (AI) for national development, innovation, and global competitiveness during a Fireside Chat at the AI Stage of the Gulf Information Technology Exhibition (GITEX) 2025 in Dubai. Speaking on the theme of Nigeria’s AI journey, Inuwa emphasised that the country’s approach to…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has reiterated on the vital role of renewable energy and digital innovation in accelerating inclusive growth and transforming rural communities across Nigeria. Speaking as a panelist at the Civil Society Policy Forum during the 2025 Annual Meetings of the World Bank Group and International Monetary Fund (IMF)…

By Folashade Olorunfemi The Commissioner for Energy and Mineral Resources, Engr. Johnson Alabi, has commended the Ondo State Governor, Lucky Aiyedatiwa, for key innovations within the energy sector, citing the O’Datiwa Metering Programme, as a focal point. Engr. Alabi made this commendation while delivering his lecture as Guest Speaker at the 21st International Conference and Exhibition on Power and Telecommunications…

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reiterated the apex bank’s commitment to supporting innovation and growth in the financial technology (fintech) sector, while maintaining strong regulatory oversight to safeguard the integrity of the financial system. Cardoso gave the assurance during a strategic session with Nigerian fintech chief executives held on the sidelines of the…

The Economic and Financial Crimes Commission (EFCC) has arrested two officials of Metrodigital Television Limited, operators of SLTV, over alleged illegal rebroadcasting of DStv and GOtv content in Port Harcourt, Rivers State. The operation was carried out on Thursday at No. 12 Order Street, Rumuola, Stadium Link Road, GRA Phase IV, following a preservation order issued by Justice Adamu Mohammed…

The Nigerian equities market on Thursday closed on a positive note with a gain of N389 billion, demonstrating sustained investor optimism in market fundamentals. The All Share Index (ASI) gained by 612.81 points, representing a growth of 0.41 per cent to close at 148,355.04 points. Also, market capitalisation gained N389 billion to close at N 94.165 trillion. The upturn was…

The governor, Cental Bank of Nigeria (CBN) Governor, Olayemi Cardoso, CBN, has expressed that the apex bank is committed to creating an environment where new ideas can flourish under prudent oversight, and where inclusion is at the heart of its endeavours. He stated this on the sidelines of the 2025 Annual meetings of the International Monetary Fund and the World…