By MELVIN KOFFA THE Central Bank of Nigeria (CBN) has directed all Domestic Systemically Important Banks (DSIBs) to publicly announce the appointment of a new Managing Director/Chief Executive Officer (MD/CEO) at least three months before the outgoing chief steps down. In a circular signed by Rita I. Sike, Director of Financial Policy & Regulation, the […]
By PAULINA NZERUBE AT the Radisson Blu Hotel in Lagos, policymakers, financiers, farmers, and agribusiness leaders gathered for one of Nigeria’s most pressing conversations: Can smallholder farmers truly be financeable? The event—the 2025 Agribusiness Dialogue Session hosted by the BATN Foundation—took aim at the enduring myth that smallholder farming is too risky, too small, or […]
By TINA TOLUTOPE NIGERIA’S debt profile, inflation rate, and economic strategy have once again come under public scrutiny, but the Presidency insists the outlook is far more positive than many believe. Dr. Tope Fasua, Special Assistant to the President on Economy, while appearing on Channels Television’s The Morning Brief, argued that Nigeria is “under-borrowing” relative […]
By FIDELUS ZWANSON THE Federal Government’s decision to privatise 91 state-owned assets marks a critical turning point for Nigeria’s struggling economy. For decades, public enterprises—from oil giants to utilities—have been symbols of wasted potential, trapped by inefficiency, poor management, and political interference. Experts agree: government has no business running businesses. Economist Prof. Ken Ife argues […]
By PAULINA NZERUBE THE Personal Pension Plan (PPP) has grown nearly ninefold in four years, rising from ₦168.63 million in 2021 to ₦1.46 billion in 2025, according to the Pension Fund Operators Association of Nigeria (PenOp). PenOp CEO, Oguche Agudah, stated in Lagos that the scheme—formerly called the Micro Pension Plan (MPP)—was rebranded to attract […]
WITH just six months left until the 31st March 2026 deadline set by the Central Bank of Nigeria (CBN) for banks to recapitalise, fresh concerns are mounting across the financial sector as only 14 out of the country’s 24 licensed commercial banks have met the new capital thresholds. The recapitalisation directive, issued in 2024, demands […]
₦ THE Nigerian Exchange Limited (NGX) witnessed a surge in trading activity last week as investors exchanged 3.188 billion shares worth ₦99.685 billion in 132,711 transactions, reflecting an increase in both volume and value compared to the preceding week. The figure represents a 10.4 per cent rise in transaction value from the 3.117 billion shares […]
THE Ambassador of the Corporate Affairs Commission (CAC), Mr. Michael Nwabufo, popularly known as Mike Premium, has officially launched an AI-powered business registration portal, a groundbreaking innovation designed to simplify and accelerate the process of registering businesses in Nigeria. Nwabufo, who also serves as the President of the Practitioners of Content Creating, Skit Making and […]
THE Dangote Petroleum Refinery has announced a significant step in reshaping Nigeria’s fuel supply chain, revealing a new pricing structure for Premium Motor Spirit (PMS) and plans to commence direct distribution of petrol to filling stations nationwide from Monday 15 September 2025. In a statement released Thursday, the refinery confirmed that the gantry price has […]
By Stephen Chuks REACTIONS have continued to trail the new tax law that starting from January 1, 2026, anyone who wants to open or run a bank account in Nigeria — whether Nigerian or foreign resident — will need a Tax Identification Number (TIN). No Tax ID, no bank account. The rule, part of the […]