Economy

Central Bank of Nigeria Tightens Oversight as Union Bank Intervention Raises Questions on Financial Engineering

The Central Bank of Nigeria’s intervention in Union Bank of Nigeria is evolving into a broader signal of tighter regulatory…

Read More »

Zenith Bank Plc Delivers Strong Earnings Resilience as Interest Income Growth Offsets Market Volatility

Zenith Bank Plc reported a profit after tax of ₦1.04 trillion for the 2025 financial year, slightly higher than ₦1.03…

Read More »

Structural Weakness in Infrastructure as Power Sector Debt and Foreign Cloud Dependence Expose Systemic Risks

Nigeria’s economic growth continues to face structural constraints rooted in infrastructure deficiencies with the power sector debt burden and increasing…

Read More »

Middle East Conflict Triggers $10 Billion Afreximbank Support Plan for Africa and Caribbean

The Board of African Export-Import Bank has approved a $10 billion emergency support programme aimed at shielding African and Caribbean…

Read More »

Wema Bank Profit Jumps to ₦194.48 Billion as Interest Income Drives Earnings Growth

Wema Bank Plc delivered a strong financial performance for the year ended December 31, 2025 with profit after tax rising…

Read More »

BVN System Helped Eliminate 45,000 Ghost Workers From Payroll — Adeosun

Former Minister of Finance Kemi Adeosun has revealed that the integration of the Bank Verification Number (BVN) into Nigeria’s federal…

Read More »

Nigeria Eyes $5 Billion Derivatives Deal to Cut Borrowing Costs

Nigeria is exploring a $5 billion structured financing arrangement as it seeks to reduce borrowing costs and diversify funding sources…

Read More »

Nigeria Raises 2026 Budget to ₦68.30 Trillion, Deficit Set to Exceed 6%

Nigeria has increased its 2026 budget to ₦68.30 trillion from the ₦58.47 trillion initially proposed in December by Bola Ahmed…

Read More »

Global Economies Shift Policies to Manage Energy and Inflation Shock

Global economies are adjusting fiscal and monetary policies as rising energy costs and persistent inflationary pressures reshape economic outlooks. Crude…

Read More »

eTranzact Reports ₦30.6 Billion Revenue as Profit Drops to ₦2.47 Billion

eTranzact International Plc reported a mixed financial performance for the year ended December 31, 2025 with revenue rising modestly but…

Read More »
Back to top button