Quick Read: European trade-finance firm Zvilo Group Ltd. has announced an aggressive expansion strategy into Africa, aiming to make the continent its primary market by 2030. The firm intends to grow its sub-Saharan loan book to 60% of its total portfolio to drive global annual disbursements to €2 billion.
Quick Read: European trade-finance firm Zvilo Group Ltd. has announced an aggressive expansion strategy into Africa, aiming to make the continent its primary market by 2030. The firm intends to grow its sub-Saharan loan book to 60% of its total portfolio to drive global annual disbursements to €2 billion.
Quick Read: The article critiques the Nigeria Customs Service Excise Stamp Regulations 2026, arguing that the hybrid stamp model may impose unnecessary costs and administrative burdens on manufacturers. It calls for a shift from creating new, standalone platforms toward integrating existing digital systems to improve tax enforcement and revenue monitoring.
Quick Read: JIBWIS has publicly disassociated itself from inflammatory statements calling for the use of AK-47s against non-Muslim populations in Plateau and Enugu states. The organization's move aims to clarify its stance and mitigate potential religious tensions arising from the reported rhetoric.
Quick Read: Actress Mercy Aigbe has taken a public stance to defend the widow of Toluwanisings. This action follows a period of public criticism directed toward the widow.
Quick Read: Minister of Defense Christopher Musa has announced that Nigeria will begin large-scale local production of defense hardware within one year. This strategic move is designed to bolster national security and transform Nigeria into a contributor to Africa's defense manufacturing capacity.
Quick Read: The Federal Mortgage Bank of Nigeria (FMBN) has introduced a non-interest mortgage product to diversify its housing finance options. This launch coincides with the successful delivery of keys to beneficiaries involved in the bank's pilot project.
Quick Read: Globus Bank hosted an export summit to address the critical need for increased financing and local manufacturing to enhance Nigeria's non-oil export sector. Stakeholders emphasized that while export volumes have grown, the reliance on raw material exports limits potential earnings and economic development.
Quick Read: Protesters from Bende have publicly challenged the Deputy Speaker of the House of Representatives regarding a defamation lawsuit. The group has demanded the withdrawal of the legal action within a 72-hour timeframe.
Quick Read: Sterling Oil has successfully acquired the 5 percent stake formerly held by Eni in the Renaissance joint venture. This transaction represents a notable shift in the equity structure of the consortium.
Quick Read: Guaranty Trust Holding Company Plc (GTCO) reported a mixed financial performance for the first nine months of 2026, characterized by a 12.2% decline in consolidated profit after tax to N614.57 billion. The group's Ghana subsidiary served as a critical growth engine, outperforming other offshore units and providing a buffer against declining profitability in the Nigerian domestic market.
Quick Read: Dangote Petroleum Refinery has successfully concluded a landmark IPO that attracted global interest from 120 countries and achieved participation from every African nation. The transaction serves as a model for financial inclusion and demonstrates the continent's capacity to mobilize capital for large-scale industrial projects.
Quick Read: The article presents a conceptual analysis of the Central Bank of Nigeria's (CBN) function during economic reforms. It utilizes the metaphor of a gyrostat to illustrate the bank's role in providing stability to the national economy.
Quick Read: The article examines the transition of Nigeria's economic landscape, highlighting the shift from oil-driven prosperity to a debt-burdened state. It identifies leadership failures as the primary catalyst for this economic downturn.
Quick Read: GTCO’s non-banking subsidiaries reported a strong performance for the nine months ended September 30, 2026, with a 70% increase in combined pre-tax profit. This growth was largely propelled by significant gains in the payments and fund management divisions.
Quick Read: Dangote Cement Plc achieved significant financial growth in the first nine months of 2026, with pre-tax profits rising to N1.47 trillion. This performance was primarily bolstered by a sharp reduction in finance costs, which offset rising operational expenses and tax obligations.
Quick Read: The firm has undertaken a strategic reorganization of its operations. As part of this transition, a new board of directors has been formally inaugurated.
Quick Read: West African ports are currently characterized by a heavy reliance on diesel-powered machinery to facilitate essential logistics operations. This dependency is central to the movement of containers and the overall flow of cargo within the region.
Quick Read: The article outlines a proposal for the Financial Reporting Council (FRC) to enhance the Sustainability Reporting Guideline (SRG Two). It advocates for the mandatory submission of a Sustainability Practices Framework to ensure entities clearly define their sustainability strategies.
Quick Read: African nations are strategically aligning their renewable energy transition with domestic industrialization goals. This approach seeks to ensure that the shift to green energy directly contributes to local job creation and economic development.
Quick Read: The Dangote Refinery has successfully secured $1.6 billion through its Initial Public Offering. This financial milestone reflects a broad international interest, with participation recorded from 119 countries.
Quick Read: A witness has officially testified that the funds generated from the sale of NG Eagle are currently being held within an AMCON account at the Central Bank of Nigeria. This disclosure provides clarity on the financial status of the transaction proceeds.
Quick Read: A violent confrontation involving a knife fight resulted in the deaths of two people. The incident was reportedly sparked by a dispute over the sharing of money.
Quick Read: Oshobukola has been honored with an anti-land grabbing award. This recognition was documented by The Guardian Nigeria News.
Quick Read: Market traders are calling for urgent government and institutional intervention to address the recurring threat of market fires. The proposed solutions include the creation of emergency funds and the integration of insurance policies to safeguard businesses.
