The Securities and Exchange Commission (SEC) will launch a new 10-year strategy for Nigeria’s capital market alongside a National Savings Scheme at its 2026 National Capital Market Conference on October 19 in Abuja. The conference, scheduled to be held at the Banquet Hall of the Presidential Villa, will bring together key stakeholders from the public …
Nigeria’s economic growth is projected to accelerate to 4.11 per cent in the fourth quarter from an estimated 3.96 per cent in the third quarter. The rebound is, however, expected alongside renewed inflationary pressures, fiscal strain, and foreign exchange risks. The projection was contained in a macroeconomic review and Q4 2026 outlook presented by Bismarck …
Nigeria’s Access Bank Plc is consolidating its Kenyan operations as the Central Bank of Kenya (CBK) approves the transfer of all the business, assets and liabilities of Access Bank (Kenya) Plc to National Bank of Kenya Limited (NBK). The CBK announced the transaction in a statement dated September 23, 2026, saying the transfer followed its …
The Economic and Financial Crimes Commission (EFCC) has declared the former Chairman of the defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina, wanted over an alleged case of receiving stolen property. The EFCC made this known in a notice signed by its Head of Media and Publicity, Dele Oyewale, and published on Wednesday. “The public …
Federal Capital Territory (FCT) Minister Nyesom Wike has said Senator Ireti Kingibe will not return to the Senate in 2027, accusing her of failing to offer meaningful representation to residents of the territory. Wike spoke on Tuesday while inspecting ongoing road projects in Abuja. His comment followed Kingibe’s criticism of the FCT Administration over its …
The Economic and Financial Crimes Commission (EFCC) has commenced investigations into financial transactions linked to the Mambilla Hydroelectric Power Project and begun tracing properties allegedly connected to the payments. The investigation, supervised by EFCC Chairman Ola Olukoyede, follows the recent decision of an International Chamber of Commerce arbitration tribunal in France concerning the dispute between …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has commenced moves to strengthen competition in Nigeria’s petroleum industry with a new regulatory framework targeting cartels, market dominance and other anti-competitive practices. The Authority disclosed this at a stakeholders’ consultation on the draft Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026, …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to sanction fuel stations found to be cheating consumers by under-dispensing petroleum products. NMDPRA said the sanctions will include revocation of licences of retail outlet operators found to be under-dispensing petroleum products to consumers. The Authority, in an industry circular released on Tuesday, said …
The Centre for the Promotion of Private Enterprise (CPPE) has said the Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent could ease borrowing costs for businesses and reduce the Federal Government’s domestic debt-service burden. The CPPE, in a policy brief issued on Tuesday by its Chief Executive Officer, …
Amnesty International and the African Democratic Congress (ADC) Governorship Campaign Council have raised concerns over the reported arrest and alleged abduction of Ibrahim Modibbo Sanusi, a grassroots political activist and critic of the Kaduna State Government. According to a statement by the ADC Governorship Campaign Council, in Kaduna State, Sanusi was reportedly taken on the …
