Economy

Zenith Bank Seeks Extension to Publish 2025 Audited Results Pending CBN Approval

Zenith Bank Plc has notified the Nigerian Exchange Limited and the investing public that it has submitted its Audited Financial…

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Rate Cut Expected to Boost Economic Outlook as Borrowing Costs Decline

The recent decision by the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) by 50 basis…

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Automotive Sector Seeks Urgent Reform as 52% of Nigerians Remain Mobility-Constrained

Nigeria’s automotive industry is facing renewed scrutiny following concerns that more than half of the country’s population lacks reliable access…

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PENGASSAN Calls for 51% Divestment of Refineries to Core Investors

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has renewed pressure on the Federal Government to restructure…

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Nigeria Deepens Talks with Chinese Firm Over $5.7bn Strategic Investment Plan

The Federal Government has intensified high-level discussions with a major Chinese conglomerate as part of efforts to attract up to…

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GTCO Secures SEC Extension to File 2025 Audited Financial Statements by March 31

Guaranty Trust Holding Company Plc (GTCO) has announced that it has obtained regulatory approval to extend the filing deadline for…

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Seven implications of higher FAAC allocations for state governments

Higher revenue distributions from the Federation Account Allocation Committee (FAAC) are strengthening the fiscal position of Nigerian states, raising expectations…

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CBN clears Globus Bank on N200bn recapitalisation

The Central Bank of Nigeria (CBN) has verified and cleared Globus Bank Limited’s recapitalisation, issuing a No-Objection Letter confirming that…

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CBN says 30 banks meet capital threshold, three undergoing verification

Nigeria’s banking sector recapitalisation drive has gained significant traction, with 30 banks already meeting the new minimum capital requirements while…

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Meet five Nigerian ambassadors assigned to Africa’s largest economies

President Bola Ahmed Tinubu has approved the posting of 31 career and 34 non-career ambassadors to diplomatic missions worldwide, marking…

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