By Seun Ibiyemi Nigeria’s pension assets surged to N29.43 trillion in February, marking a month-on-month increase of N1.39 trillion, the highest monthly expansion since the introduction of the Contributory Pension Scheme (CPS) over 20 years ago. The previous record of N1.18 trillion was posted in January 2024, according to data from the National Pension Commission…
By Seun Ibiyemi Zenith Bank Plc has released its audited financial results for the full year ended December 31, 2025, reporting solid earnings growth and a significant increase in shareholder returns despite a slight dip in profit before tax. The bank posted gross earnings of N4.19 trillion, representing a six per cent year-on-year increase from…
By Seun Ibiyemi The World Bank has called on the Federal Government to adopt prudent fiscal measures by saving oil windfalls, scrapping inefficient subsidy regimes, and strengthening competition in the fuel market to support sustainable economic growth. This recommendation was made by the World Bank Country Director for Nigeria, Matthew Verghis, during the presentation of…
By Seun Ibiyemi The Naira maintained relative stability against the US Dollar on Tuesday, with the official exchange rate in Nigeria’s foreign exchange market hovering around ₦1,378 to ₦1,380 per dollar in early trading. According to data from the Nigerian Foreign Exchange Market (NFEM), the Naira opened the session around ₦1,379.30 per dollar and fluctuated…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Nigerian Revenue Service (NRS), and the Presidential Enabling Business Environment Council (PEBEC) conducted an assessment visit on Tuesday to the National Single Window office in Apapa to evaluate the performance of the newly introduced trade facilitation platform. The visit aimed to review operational progress, identify challenges, and…
By Seun Ibiyemi Sahara Group has opened applications for its #SaharaBeyondXXX Graduate Management Trainee (GMT) programme, aimed at developing the next generation of leaders in the energy and infrastructure sector. The Head of Corporate Communications, Mr Bethel Obioma disclosed this in a statement on Tuesday in Lagos, explaining that the accelerated programme is designed to…
By Seun Ibiyemi The Nigerian Exchange (NGX) resumed trading on Tuesday following the Easter holiday with a positive performance, as investors collectively gained N208 billion. The market rally was fueled by buying interest in stocks including Trans-Nationwide Express, Omatek Ventures, Cadbury Nigeria, First Holding Company, and Fortis Global Insurance among others. Market capitalisation increased by…
By Adeyemi David Senator Solomon Adeola has appealed to his supporters to stop erecting campaign billboards and circulating posters ahead of the official commencement of political activities for the 2027 Ogun State governorship election. Adeola, who represents Ogun West Senatorial District under the All Progressives Congress (APC), made the appeal in a statement issued on…
By Seun Ibiyemi The Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to accountability, transparency, and improved service delivery with the signing of its 2026 Sectorial Performance Bond. The Executive Secretary and Chief Executive Officer of the Council, Akutah Pius, signed the performance bond at a stakeholders’ engagement held in Lagos. The signing ceremony was…
By Seun Ibiyemi The Nigerian National Petroleum Company Limited (NNPC Ltd) has commenced the export of a new crude oil grade, Cawthorne, marking a significant milestone in its drive to boost Nigeria’s oil production and expand its portfolio of globally competitive export streams. The company confirmed that the maiden cargo of the Cawthorne blend was…
