A latest report by BudgIT has shown that Lagos and Ogun states accounted for half of the average Internally Generated Revenue (IGR) from the 36 states in Nigeria over the last decade. The report released on Tuesday, October 28, put the two states' average IGR at ₦643.21 billion, approximately. It revealed that the average IGR …
A former director-general of the Securities and Exchange Commission (SEC), Arunma Oteh, has called for urgent action to mobilise long-term capital, accelerate infrastructure development, and decentralise the management of Nigeria’s mineral resources to unlock sustainable growth. She made the call at the Oxford Global Think Tank Leadership Conference on Tuesday, October 28 in Abuja. Oteh, …
The Securities and Exchange Commission (SEC) has expressed optimism that Nigeria’s removal from the Financial Action Task Force (FATF) grey list will boost investors' confidence in the capital market. SEC's Director General, Emomotimi Agama, stated this on Channels Television’s Morning Brief on Monday, October 27. He described the country’s exit from the global watchlist as a …
Africa’s leading listed conglomerate, Transnational Corporation Plc, has reported a 39 per cent increase in revenue to ₦413.4 billion in the third quarter (Q3) of this year. This is contained in the Transcorp Group's unaudited Q3 2025 financial results released to the investing public on Monday, October 27. A review of the results shows that …
The Lagos State Commissioner of Police, Olohundare Jimoh, on Monday, October 27, led the officers of the command to prevent any unlawful disruption on the Third Mainland Bridge. The command had deployed its officers to the corridor following reports of a planned protest by youths from the Oworonshoki area of the state. Reports emerged last …
The African Export-Import Bank (Afreximbank) has marked the end of the tenure of its outgoing President and Chairman of the Board of Directors, Prof. Benedict Okey Oramah, with a legacy conference. The farewell conference held in Cairo, Egypt, was attended by more than 2,000 guests, according to a statement on Sunday, October 26, by Afreximbank. …
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has lamented that the Nigerian capital market's 10-year vision has failed to achieve half of its objectives. Agama expressed the dissatisfaction in a lead paper titled 'Evaluating the Nigerian Capital Market Masterplan 2015-2025'. He presented the paper at the annual conference of the Chartered …
The Central Bank of Nigeria (CBN) has hailed the country’s removal from the list of jurisdictions under increased monitoring, known as the "grey list”, following a successful on-site evaluation of reforms implemented across the financial system. The Financial Action Task Force’s (FATF) formally announced Nigeria’s removal from its watchlist on Friday, October 24, Pinnacle Daily …
Some minority shareholders of Access Holdings Plc have demanded the removal of the Group Chairman, Aigboje Aig-Imoukhuede. The demand is based on the breaches of corporate governance and conflicts of interest following the death of the former chairman, Herbert Wigwe. In a note on its 2025 half-year financial statements released on Friday, October 23, Access …
The Financial Action Task Force (FATF) has removed Nigeria from the global money-laundering watchlist, explaining that the country has demonstrated strong political will and inter-agency collaboration in combating financial crimes over the last two years under President Bola Tinubu, since the country was placed on the grey list. Its president, Elisa de Anda Madrazo, announced …
