Business

The Securities and Exchange Commission (SEC) says its Collective Investment Schemes (CIS) increased to over N3 trillion in 2024. The Director-General of SEC, Dr Emomotimi Agama, said this in a…

Minister of Marine and Blue Economy, Chief Adegboyega Oyetola, on Tuesday explained why the ministry needed the sum of N11. 7 billion for its operations during the year. Oyetola who also gave account of the…

...Fines them N1bn each Central Bank of Nigeria’s (CBN) has continued its crackdown on erring finetech companies in the country. The apex bank's hammer fell on two of the country’s most prominent unicorns,…

Nigeria slowed down on its capital expenditure during the first half of 2024. According to data from the Central Bank of Nigeria, CBN, the country recorded an expenditure of N1.99 trillion during this period, down…

Five Nigerian banks have in the last two months raised the sum of N1.26 trillion from the Capital Market. The banks are Zenith, Guarantee Trust, Access, Fidelity and FCMB. Director-General of the Securities and Exchange…

Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has reported a revenue of N223.6 billion, representing a significant 153% growth year-on-year, over N88.4 billion in Q3 2023. The company…

Methadeus Ofili is renowned environmental scientist. He is a voice to reckon with in Energy Policy/Sustainability sector in Nigeria. He is the Rector/CEO of Oil and Gas Business School, Port Harcourt.…

By Emeka Okoroanyanwu Central Bank of Nigeria, CBN, has again reaffirmed the safety and stability of Nigeria’s financial system, debunking what it called false allegations being levelled against the…

Diverted public funds amounting to N13 billion were recovered in September 2024 alone, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said. ICPC Chairman, Dr Musa Aliyu,…

Nigeria has again taken another World Bank loan worth $1.57 billion to finance three projects in the health and educational sectors. The bank had earlier approved $2.25 billion loan for the country to boost its economic…