Nigeria’s Bank Verification Number (BVN) database rose to 68.6 million in March 2026, reflecting continued growth in financial identity registration, though at a slower pace compared to previous years. Latest data released by the Nigeria Inter-Bank Settlement System (NIBSS) shows that the database expanded by 754,128 between January and March 2026, up from 67.8 million…
By Seun Ibiyemi The Presidential Enabling Business Environment Council (PEBEC) has directed all Ministries, Departments, and Agencies (MDAs) to suspend the introduction of new policies and regulatory changes in a bid to prevent disruptions to businesses and investors. The directive was announced in Abuja by the Director-General of PEBEC, Zahrah Mustapha-Audu, as part of broader…
By Seun Ibiyemi The Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to accountability, improved performance, and sustainable growth in Nigeria’s maritime sector with the signing of its 2026 Sectoral Performance Bond. The exercise, overseen by the Minister of Marine and Blue Economy, Adegboyega Oyetola, underscores the Federal Government’s…
By Seun Ibiyemi The Rural Electrification Agency (REA) has disbursed nearly ₦9 billion to support the development of renewable energy projects across Nigeria, marking another milestone in its drive to expand electricity access through sustainable solutions. In the latest round of funding, the agency released ₦7.95 billion to Havenhill to finance critical equipment for four…
By Seun Ibiyemi The Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed the Nigerian Shippers’ Council to investigate allegations of systemic efforts to undermine indigenous barge operators at the nation’s seaports. The directive was issued during the 2026 First Quarter Citizens/Stakeholders’ Engagement, Sectoral Performance Review, and Ministerial Management Retreat of the Federal Ministry…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) imposed a total of about N391 million in penalties on Custodian Investment Plc in the 2025 financial year over multiple regulatory infractions, underscoring tighter enforcement of compliance rules in the financial sector. Details contained in the company’s audited financial statements filed on the Nigerian Exchange (NGX)…
By Seun Ibiyemi Nigeria’s economy showed encouraging signs of recovery in the first quarter of 2026, with improved macroeconomic stability, although rising costs and external uncertainties continue to pose significant risks. According to a policy brief by the MD/CEO Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, inflation declined steadily, dropping to…
By Seun Ibiyemi First Ladies from SWEDD+ countries are set to gather in Banjul, The Gambia, from April 8 to 10, 2026, for a high-level forum aimed at advancing zero tolerance for gender-based violence (GBV) across West and Central Africa. The forum, co-organised by the Economic Community of West African States, the West African Health…
By Seun Ibiyemi The Director-General of the Nigerian Maritime Administration and Safety Agency, Dayo Mobereola, has called on Christians to use the Easter celebration as a period of sober reflection on the core ideals of Christianity and a renewed commitment to personal and spiritual growth. In his Easter message, Mobereola emphasised that the death and…
By Seun Ibiyemi President Bola Ahmed Tinubu has approved a comprehensive payment plan aimed at clearing longstanding debts in Nigeria’s power sector, marking a major step under the Presidential Power Sector Financial Reforms Programme. The announcement was contained in a statement issued on April 5, 2026, by the President’s Special Adviser on Information and Strategy,…
