By Seun Ibiyemi The Central Bank of Nigeria (CBN) has emphasised that strong corporate governance and rigorous risk discipline are essential to the success of the country’s ongoing bank recapitalisation programme. This position was reiterated by the apex bank during a virtual risk management roundtable organised by the Association of Enterprise Risk Management Professionals in…
By Seun Ibiyemi The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the recent regulatory reforms have unlocked over $10 billion in new investments in Nigeria’s upstream oil and gas sector. Chief Executive of the commission, Oritsemeyiwa Eyesan, disclosed this on Thursday in Abuja at the Society of Petroleum Engineers Nigeria Council’s Oloibiri Lecture…
By Seun Ibiyemi The Nigerian stock market extended its bullish run on Thursday, adding N369 billion to investors’ wealth despite a decline in trading activity. A total of 652.86 million shares valued at N39.82 billion were traded in 51,101 deals, representing a drop from the 1.01 billion shares worth N40.57 billion exchanged in 52,723 transactions…
By Seun Ibiyemi The Federal Government has inaugurated a high-level technical committee to review a proposed $200 billion integrated infrastructure project aimed at transforming Nigeria’s energy and transportation sectors. Secretary to the Government of the Federation, George Akume, who inaugurated the committee, said the initiative combines gas development, power generation and transmission, as well as…
By Seun Ibiyemi Ministers from across West and Central Africa have renewed their commitment to ending gender-based violence, as they convened for a high-level ministerial meeting in Banjul on April 9, 2026. The meeting, held as part of the Forum of First Ladies of SWEDD+ Countries on Zero Tolerance for Gender-Based Violence, brought together ministers…
By Seun Ibiyemi The Nigeria Customs Service has intensified efforts to boost revenue generation and strengthen compliance with excise regulations, as its top officials engaged stakeholders in the Oyo/Osun Area Command. The Assistant Comptroller-General in charge of Excise, Free Trade Zone and Industrial Incentives, Eghosa Joy Edelduok, led a delegation to meet with excise traders…
By Seun Ibiyemi The Federal Government has signed a Memorandum of Understanding (MoU) with Nestlé Nigeria Plc to enhance animal genetics and improve farmers’ productivity in the country’s livestock sector. The Minister of Livestock Development, Idi Maiha, disclosed this on Wednesday during the signing ceremony, noting that the partnership would establish a dairy skills development…
By Seun Ibiyemi Wema Bank Plc has reported a profit before tax of N221.85 billion for the 2025 financial year, representing a 116 per cent increase compared with N102.51 billion recorded in 2024. The bank disclosed this in a statement issued on Wednesday in Lagos, attributing the strong performance to sustained growth in its core…
By Seun Ibiyemi The fintech subsidiary of Guaranty Trust Holding Company, HabariPay, posted a profit after tax of N9.7 billion for the 2025 financial year, marking a significant 155 per cent increase from the N3.8 billion recorded in 2024. The performance was disclosed in the company’s recently released full-year financial results, which attributed the sharp…
…NISO cuts N8b monthly transmission losses to 7.05% By Seun Ibiyemi A report by the Nigerian Electricity Regulatory Commission (NERC) has revealed that Nigerian consumers defaulted on electricity payments exceeding ₦63.46 billion to Distribution Companies (DisCos) in January 2026. This is even as Nigerian System Operator (NISO) revealed that it has reduced transmission losses which…
