Nigeria's money market is witnessing one of its strongest waves of investor demand in recent years as the Central Bank of Nigeria's (CBN) aggressive Open Market Operations (OMO) strategy continues to attract both foreign and domestic capital, reinforcing the naira while tightening its grip on liquidity conditions. According to Cordros Securities' Weekly Economic and Market Update: …
The International Air Transport Association (IATA) has projected that global airline profits are expected to reduce by half in 2026 due to disruptions caused by the Middle East conflict, which has led to a dramatic surge in jet fuel prices. In its latest outlook released on Sunday at the Annual General Meeting in Rio de …
The Nigeria Data Protection Commission (NDPC) has announced the launch of a two-year data protection initiative supported by Meta Platforms. The initiative follows the resolution of regulatory proceedings over the company's data processing practices in Nigeria, according to the commission in a statement on Monday, June 8. The NDPC said the scheme, known as the …
The federal government, through the Ministry of Finance, has approved payments to more than 1,240 local contractors, a move aimed at injecting immediate liquidity into indigenous businesses and reinforcing the government’s commitment to meeting its financial obligations. The approval was granted by the minister of finance and coordinating minister of the economy, Mr Taiwo Oyedele, …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Nuclear Regulatory Authority (NNRA) have joined forces to enforce radiological safety in the oil and gas sector while lowering overall operational expenses. This strategic partnership was solidified during a recent meeting at the NUPRC headquarters between the Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, and NNRA …
Nigeria's biggest lenders—First HoldCo, United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO), Access Holdings, and Zenith Bank, collectively known as FUGAZ—significantly expanded credit to the manufacturing sector between 2021 and 2025, making it one of the most important destinations for bank lending outside the oil and gas industry. However, a closer look at …
The National Drug Law Enforcement Agency (NDLEA) has again intercepted large consignments of opioids concealed in building materials, arrested a 75-year-old suspect in Ebonyi State, and dismantled multiple drug rings across several states. The agency’s Director of Media and Advocacy, Femi Babafemi, who confirmed the operations in a statement on Sunday, noted that coordinated intelligence-led …
Super Falcons head coach, Justine Madugu, says the team is steadily building form and will continue to improve ahead of the 2026 Women’s Africa Cup of Nations (WAFCON). The African champions secured a 2–1 victory over Senegal in an international friendly played at the Remo Stars Stadium, Ikenne, on Friday. Asisat Oshoala and Toni Payne …
The Nigeria Consumer Credit Corporation (CREDICORP) says it has facilitated ₦43.25 billion in consumer credit across the country while maintaining a zero non-performing loan record. In its latest newsletter, the corporation said the credit expansion was delivered through 35 participating financial institutions and has reached over 230,000 beneficiaries nationwide. According to the report, women account …
The Federal Government has intensified efforts to repatriate Nigerian nationals in South Africa, with more than 500 citizens already screened and cleared for evacuation as plans are finalized for the commencement of airlift operations. The Ministry of Foreign Affairs disclosed that the screening exercise being coordinated by Nigeria's High Commission in Pretoria has been extended …
