The President of the Abuja Chamber of Commerce and Industry, Chief Emeka Obegolu (SAN), has raised serious concern over Nigeria’s tough business environment, warning that the country’s economy is contracting …
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BusinessEconomyEnergyIndustryManufacturingPolicies
N9.16tn manufacturing output dampened by weak expansion
Nigeria’s manufacturing sector generated N9.16tn in nominal terms in the third quarter of 2025, but industry leaders say the growth remains too weak to support broad economic development. The latest …
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AgricultureBanking, Finance & InvestmentEconomyFood SecurityPoliciesRural Development
CBN Targets Higher Farm Loans as Cardoso Pushes Banks
The Central Bank of Nigeria (CBN) has said it plans to raise agricultural lending beyond the current level of less than five per cent of total bank credit, as the …
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AgricultureBanking, Finance & InvestmentEconomyGovernancePoliciesRural DevelopmentTechnology
CBN Tasks ACGSF Board to Remove Collateral Barriers
The Central Bank of Nigeria (CBN) has charged the newly inaugurated Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF) to ensure that lack of collateral and remote location no …
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BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
FG Cuts Oil Block Signature Bonus to $3m–$7m
The Federal Government of Nigeria has reduced the signature bonus required for participation in the 2025 oil block licensing round, in a major move aimed at attracting more investors into …
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AfricaArts & CultureInsurancePoliciesTravel & Tourism
Stakeholders Demand Easier Visas at Heirs Insurance Travel Festival in Lagos
Stakeholders at the inaugural Heirs Insurance Travel Festival have called for simpler and fairer visa processes to boost travel within Africa and improve access for millions of Africans. The event, …
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BankingBusinessEconomyFinancePoliciesRegulationTechnology
Nigerian Banks Shift Focus to Fees, Digital Services as FX Windfall Falls
Nigerian banks are increasingly turning their attention to non-interest income as the extraordinary foreign exchange (FX) gains they enjoyed after the FX market harmonisation begin to fade. This trend was …
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BankingCBNEconomyFinancial RegulationNewsNigeriaPolicies
CBN removes all cash-deposit limits, retains strict withdrawal ceilings
The Central Bank of Nigeria has announced major changes to the country’s cash-management rules, removing all limits on how much cash customers can deposit in banks while maintaining strict weekly …
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Climate ChangeEnergyEnvironmentGOVERNMENTPoliciesTaxation
National Assembly Reaffirms Commitment to Tax Reforms for Nigeria’s Energy Transition
The Speaker of the House of Representatives, Abbas Tajudeen, has said that the National Assembly will continue to push tax reforms as part of Nigeria’s long-term plan to support energy …
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BankingBusinessEconomyFinanceMarketsPolicies
Former CIBN President Ken Opara Calls for Special Court to Handle Credit Cases
The immediate past President of the Chartered Institute of Bankers of Nigeria, Dr Ken Opara, has called for the creation of a specialised court that will handle disputes related to …