NGX records 32.75% drop in trading value amid mixed market performance

By Seun Ibiyemi The Nigerian Exchange Limited (NGX) recorded a significant decline in trading activity for the week, as total transaction value fell by 32.75 per cent, reflecting cautious investor sentiment. A total turnover of 3.950 billion shares valued at N201.312 billion was traded in 359,642 deals during the week, compared to 8.761 billion shares…

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CPPE raises alarm over weak economic impact of bank recapitalisation

By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns that Nigeria’s bank recapitalisation exercise, despite being largely successful, is failing to translate into meaningful support for the real economy. In a policy brief released on Sunday by CPPE, Chief Executive Officer, Dr. Muda Yusuf acknowledged the efforts of the…

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Dele Alabi emerges 24th CIBN president as institute holds 2026 AGM

By Seun Ibiyemi The Chartered Institute of Bankers of Nigeria (CIBN) has elected new national officers following its 2026 Annual General Meeting (AGM) held at the Bankers House in Victoria Island, Lagos. The meeting, attended by members and key stakeholders in the banking and financial services industry, featured the presentation of the Institute’s annual report,…

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Again, Tinubu defends subsidy removal, says reforms key to Nigeria’s economic recovery

By Seun Ibiyemi President Bola Ahmed Tinubu has strongly defended his administration’s decision to end fuel subsidies, describing it as a necessary step to rescue Nigeria’s economy from wasteful spending and set it on a path of sustainable growth. Speaking at the 4th Elective National Convention of the All Progressives Congress held at Eagle Square…

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Navy, Customs strengthen collaboration at Kirikiri port

By Seun Ibiyemi The Nigerian Navy and the Nigeria Customs Service (NCS) have reaffirmed their commitment to enhanced inter-agency collaboration aimed at improving port operations and safeguarding national economic interests. This was highlighted on Thursday as the Commander, Materials Clearing and Inspection Office (MCIO), Nigerian Navy Apapa, Captain U.S. Akoh, led a delegation on a…

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WAEC releases 2026 CB-WASSCE results, records improved performance

By Seun Ibiyemi The West African Examinations Council (WAEC), Nigeria, has announced the release of results for the 2026 First Series of the Computer-Based West African Senior School Certificate Examination (CB-WASSCE) for private candidates. The examination, conducted between January 28 and February 14, 2026, saw a total of 10,523 candidates register—an 11.49 per cent increase…

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