Business

Ecobank Nigeria, a subsidiary of the leading pan-African banking group, has announced the launch of its upgraded mobile app, delivering a faster, smarter, and simpler banking experience for customers nationwide.  This launch marks a significant step in Ecobank’s commitment to digital innovation and financial empowerment. The newly enhanced mobile app features a modern design and improved functionalities, including advanced facial…

Vice President Kashim Shettima has cautioned the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over its ongoing dispute with the Dangote Refinery, urging the union to prioritize national interest above individual or organizational concerns. Speaking at the opening session of the 31st Nigerian Economic Summit in Abuja on Monday, the Vice President emphasized the need for restraint,…

 The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has stressed the Commission’s commitment to promoting transparency, investor confidence, and adherence to international best practices in financial reporting.   Agama emphasized that the transition to market valuation is crucial for ensuring that asset values accurately reflect real-time market conditions, thereby strengthening fair value reporting and investor trust.…

By Folashade Olorunfemi The National Information Technology Development Agency (NITDA) has hosted a one-day workshop on Information Technology Contract Management for legal officers under the Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE), in a bid to strengthen institutional competence within Nigeria’s digital economy sector. The workshop, held in Abuja was aimed to strengthen participants’ understanding of procurement procedures,…

The Central Bank of Nigeria (CBN), National Pension Commision (PENCOM) and    Securities and Exchange Commission (SEC) in half year ended June 30, 2025, imposed N113 million sanctions on Stanbic IBTC Holdings Plc for failing market rules & regulations. In the corresponding half year of 2024, the Group was sanctioned N159 million for none- compliance to market rules  From the audited…

The National Information Technology Development Agency (NITDA) and the Nigeria Computer Society (NCS) have jointly called for deeper collaboration among stakeholders to fast-track Nigeria’s digital transformation agenda. This call formed the core of discussions at the Principal IT Stakeholders Forum 2025, held in Abuja, where participants emphasised the importance of collective action in building a digitally empowered nation. Speaking at…

A new chapter in Africa’s industrial story opened as Aliko Dangote, President/Chief Executive, Dangote Group, led the groundbreaking of a $2.5 billion fertiliser plant in Gode, Ethiopia. The project, a partnership between Dangote Group and Ethiopian Investment Holdings (EIH), with a production capacity of three million metric tonnes of urea annually, is expected to become one of the world’s largest…

By Kunle Sanni – The Federal Government says it terminated the tax credit incentives granted to companies under the Nigerian National Petroleum Company Limited (NNPCL) scheme for road construction due to delays and poor performance. According to The Nation newspaper, the Minister of Works, David Umahi, disclosed this on Thursday during an inspection of the Benin–Warri dual carriageway bypass in…

The Central Bank of Nigeria (CBN) has disclosed that Nigeria’s broad money supply surged to N119.52 trillion in August 2025, marking a sharp increase from N117.4 trillion recorded in June 2025. The August figures reflect a year-on-year rise from N107 trillion in August 2024, demonstrating the persistent expansion of liquidity in the financial system despite concerns over inflationary pressures and…

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged West African countries to accelerate the integration of their capital markets, describing it as the only way to mobilise the scale of investment needed to drive the region’s development. Speaking at the Experts Meeting on Validation of the WASRA Charter and Recognition of WASRA as the…