By Seun Ibiyemi First HoldCo Plc has announced its unaudited results for the year ended December 31, 2025, reporting resilient core earnings growth amid elevated impairment charges and regulatory costs. The Group posted gross earnings of N3.4 trillion, representing a 4.8 per cent year-on-year increase, while profit after tax settled at N44.98 billion. Profit before…
By Seun Ibiyemi Carloha Nigeria, the authorised dealer of Chery vehicles, officially unveiled the Chery Himla pickup brand at a landmark launch event at the Orange Island, Lekki, Lagos on February 19, 2026. The Himla marks Chery’s entry into the Nigerian pickup segment, positioning pickups not just as transport tools but as high-efficiency mobile business…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged developing economies to pursue coordinated reforms in digital cross-border payments to drive inclusive growth, enhance financial stability, and deepen global financial integration. Speaking at the 2026 G-24 Technical Group Meetings (TGM) in Abuja, Cardoso stressed that efficient and modern payment systems…
By Adeyemi David The Nigeria Customs Service (NCS) has recorded a major revenue and trade facilitation breakthrough under its Authorised Economic Operator (AEO) Programme, with revenue generated by certified entities rising from ₦1.222 trillion before certification to ₦1.585 trillion after certification. This represents an increase of ₦362.79 billion, or 29.68 per cent growth, for the…
The Federal Airports Authority of Nigeria (FAAN) has announced the cessation of all cash transactions across its operations nationwide, effective February 29, 2026, in compliance with the Federal Government’s cashless policy directive. The decision, which received approval from the Federal Executive Council, mandates that all financial and business transactions conducted by the agency be processed…
The Nigeria Customs Service (NCS) has officially reopened the Seme Border in Lagos, seven years after its closure against the Benin Republic over alleged smuggling activities, in a move aimed at strengthening regional trade and boosting national revenue. Comptroller-General of Customs, Dr Bashir Adewale Adeniyi, confirmed the reopening in an interview with Shipping Position, describing…
By Adeyemi David The Chairman of the Dangote Group, Aliko Dangote has projected that the naira could strengthen to N1,100 per dollar in 2026, citing the effects of ongoing economic reforms and import substitution policies. Dangote made the remarks on Tuesday during the launch of the National Industrial Policy 2025 by the federal government. He…
President Bola Tinubu on Tuesday unveiled Nigeria’s Industrial Policy 2025, directing relevant Ministries, Departments and Agencies (MDAs) to ensure its speedy implementation as part of efforts to strengthen the country’s economic foundation. The policy was inaugurated on the president’s behalf by Vice-President Kashim Shettima at the Bola Ahmed Tinubu International Conference Centre in Abuja. Tinubu…
Expanding fair access to foreign exchange and trade finance could unlock Nigeria’s export potential and strengthen regional commerce, a Central Bank of Nigeria (CBN) official has said. Assistant Director of Imports and Trade Relations at the CBN’s Trade and Exchange Department, Mr Tiku Allu made the remarks at the 2026 Ecobank Nigeria customer forum on Tuesday…
The Federal Government has invited the African Development Bank (AfDB) to support the design and financing of the Digital Value Chain Infrastructure for Boosting Employment (D-VIBE), also referred to as Project BRIDGE, aimed at expanding Nigeria’s digital infrastructure and stimulating job creation. According to a statement released by the AfDB on its website, the project…
