The financial landscape in Nigeria’s mortgage subsector witnessed a major shake-up on Tuesday as the Nigeria Deposit Insurance Corporation (NDIC) officially moved in to liquidate two prominent institutions: Aso Savings …
Economy
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- BusinessEconomyEnergyLagos NewsPetroleumTrade and CommerceTransportation & Logisitics
MRS begins N739/litre petrol sales, PETROAN kicks
Residents of Lagos woke up to a major surprise on Tuesday as the price of Premium Motor Spirit (PMS), commonly known as petrol, took a sudden downward turn at some …
- EconomyHealthInternational RelationsLabour & EmploymentSocial Development
ILO Moves to Fix Healthcare Gap for Workers; Partners with Nigeria, Tanzania on Social Health Protection
The International Labour Organization (ILO) has called for an end to the “silos” between social protection and healthcare, urging world leaders to treat health as a fundamental human right rather …
- AgricultureBusinessEconomyInflationNigeria
Nigeria’s Inflation Eases to 14.45% in November 2025, Supporting Consumer Spending and Business Activity
Nigeria’s headline inflation rate slowed further in November 2025, as consumer price pressures moderated under the new base year, according to the latest Consumer Price Index (CPI) report released by …
- Civil SocietyEconomyNigeriaOil & GasPublic PolicyRegulation
Civil Society Group Faults Dangote’s Call for Probe of NMDPRA Boss
The League of Civil Society Groups has criticised recent public comments credited to the President of Dangote Industries Limited, Alhaji Aliko Dangote, in which he reportedly called for a probe …
- Corporate NewsEconomyFinance & ServicesPensionSocial Development
FCMB Pensions Disburses Over N200bn to Retirees, Marks 20 Years with Inclusion Drive in Abuja
The Managing Director and Chief Executive Officer of FCMB Pensions Limited, Mr Christopher Bajowa, has disclosed that the company has paid out more than N200 billion in pension benefits to …
- AfricaBankingBusinessCorporate GovernanceEconomyFinance & ServicesLeadershipNigeria
UBA Names New Executive Directors as Four Long-Serving Leaders Retire
United Bank for Africa (UBA) has announced key changes to its executive management team, with three new Executive Directors set to take office from 1 January 2026, following the retirement …
- BusinessEconomyForeign AffairsINVESTMENTNewsNigeriaTechnologyTelecommunications
Nigeria’s Telecom Sector Attracts $991m FDI in Three Years
Nigeria’s telecommunications sector attracted a total of 991 million dollars in foreign direct investment, FDI, between 2022 and 2024, highlighting sustained investor interest in the industry despite regulatory reforms and …
- AgricultureDevelopmentEconomyFinanceNewsNigeriaSmall BusinessSocial Protection
World Bank $500m Boost to Strengthen NG-CARES Support for Poor Households, Farmers and Small Businesses
The National Coordinator of the Nigeria Community Action for Resilience and Economic Stimulus, NG-CARES, Dr Abdulkarim Obaje, has said that the additional financing of 500 million dollars approved by the …
- BankingCBNEconomyFinanceNewsNigeriaRegulation
Banks Intensify Capital Raise as CBN Strengthens Oversight and Pushes Basel III Transition
Nigeria’s Deposit Money Banks are increasing efforts to raise fresh capital as the Central Bank of Nigeria intensifies its oversight to build a stronger, more resilient financial system. The apex …