News
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CBN issues directive defining HoldCo Minimum Capital after earnings delays
The Central Bank of Nigeria (CBN) has issued a fresh directive clarifying how Financial Holding Companies and banks should compute…
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JP Morgan Says Oil Prices Could Plunge Into $30s by 2027
JP Morgan predicts the international crude benchmark, Brent, could drop into the $30s per barrel by 2027 due to an…
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FG launches national livestock council to unlock $74bn industry potential
The Federal Government on Monday launched the National Council on Livestock Development (NCLD), a new policy and coordination body expected…
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Paystack cites ‘reputational damage’ as reason for sacking cofounder Ezra Olubi
Paystack says it terminated the employment of Ezra Olubi, its cofounder, due to “significant negative reputational damage” linked to resurfaced…
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Lagos food prices decline except for onions, fish and a few essentials
Lagos households are still navigating a tight food-cost environment, but the latest Nairametrics Lagos market survey for November 2025 shows…
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GENCOS reject FG’s offer to forfeit 50% of N5trn debt
Power generation companies have rejected contract offers from the Federal Government requiring them to accept 50 percent of the total…
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South-west governors launch regional security fund, say state police can no longer be delayed
Governors of Nigeria’s six south-west states on Monday approved the creation of a South-West Security Fund (SWSF) and a joint…
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SMDF, ORDF to create Nigeria’s first mining finance framework
The Solid Minerals Development Fund (SMDF) has partnered with the Ores Reserves Development Forum (ORDF) to develop a mining finance framework…
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NNPC posts ₦5.4trn record profit, as Ojulari sets $60bn energy investment plan
Nigerian National Petroleum Company Limited (NNPCL) has reported a record profit after tax of ₦5.4 trillion for 2024 on revenue…
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United Bank for Africa (UBA) Plc’s Decline Deepens: Stock Hits 52-Week Low Amidst Technical Sell-Off
United Bank for Africa (UBA) Plc, a leading Nigerian bank, is currently trading at a significant discount to its fair…
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