Access Bank Plc has redeemed a $500 million senior unsecured Eurobond that matured on Monday, September 21, 2026, marking the full repayment of the five-year debt from the bank’s own foreign currency liquidity. Access Holdings Plc, the parent company of the bank, disclosed this in a statement signed by its Company Secretary, Sunday Ekwochi, on …
The Centre for the Promotion of Private Enterprise (CPPE) has called for a review of foreign participation in Nigeria’s retail and distributive trade sector, citing concerns over competition, employment and the enforcement of business and immigration regulations. The CPPE raised the concerns in a statement issued on Sunday, September 20, by its Chief Executive Officer, …
Anambra State’s current debt figures show a difference between the original value of loans signed between 2007 and 2013 and the amount recorded as outstanding when former Governor Peter Obi left office in March 2014. The Debt Management Office (DMO) recorded Anambra’s external debt at $30.32 million as of December 31, 2013, while domestic debt …
Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has been credited with playing a key role in legal battles that helped Nigeria defend more than $14.3 billion in stated claims or potential exposure in three major international arbitration matters. The cases involved Process & Industrial Developments (P&ID), Sunrise Power and European …
The Federal Government and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) to strengthen coordination between fiscal and monetary policies and improve economic stability. The statement, issued on Saturday by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the agreement would align key economic assumptions …
Governments should avoid relying on broad food price subsidies during periods of rising food prices because they can consume scarce public resources while disproportionately benefiting wealthier households, the International Monetary Fund (IMF) has warned. In a report shared on Thursday, September 2026, the IMF said governments should instead diagnose the cause of a food-price shock …
Dangote Cement, MTN Nigeria and Aradel account for 61.5 per cent of the ₦67.01 trillion market value represented by FTSE Russell’s 10 Nigerian large-cap stocks, exposing the concentration behind the country’s return to the global frontier market. Nigeria’s return to FTSE Russell’s Frontier Market universe will give global investors access to 10 of the country’s …
Spyware and digital surveillance can expose journalists and their sources to arrest, harassment, censorship and other human rights violations, panellists at an X Space hosted by the International Centre for Investigative Reporting (ICIR) have warned. The speakers, who discussed “How Spyware and Digital Surveillance Threaten Human Rights” on Wednesday, September 16, stressed that unchecked surveillance could undermine …
A legal practitioner, Dele Kelvin Oye, has faulted reports suggesting that lawyers who bill clients in United States dollars can be prosecuted by the Economic and Financial Crimes Commission (EFCC), arguing that no existing Nigerian law criminalises quoting or invoicing professional fees in foreign currency. Oye, Principal Partner of Dele Oye & Associates and former …
The Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise on Monday, September 14, opened its initial public offering (IPO) to prospective investors. The IPO is expected to be one of the biggest public offers on the Nigerian Exchange Limited (NGX). It is offering 4.1 billion new ordinary shares at ₦525 each, and could raise about …
