Business & Economy - Page 2

The Nigeria Deposit Insurance Corporation (NDIC) has commenced the final phase in the resolution of 89 defunct Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs), marking a significant step in Nigeria’s ongoing financial sector clean-up. The affected institutions were among the 183

The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Nigeria, Mr. Olusegun Ayo Omosehin, has called for stronger regional collaboration, improved claims settlement systems, and accelerated digital transformation to enhance the effectiveness of the ECOWAS Brown Card

MD/CEO of BOI, Dr. Olasupo Olusi And Country Director, GIZ Nigeria and ECOWAS, Dr. Magnus Wagner, during the signing of the Partnership Deal Bank of Industry (BOI), Nigeria’s foremost Development finance institution and a globally recognised organisation specialising in international development cooperation

Some stakeholders in manufacturering and financial sectors have called for intensified enlightenment on the new Tax Law, and a human face in the implementation. The stakeholders made the call at a one-day conference on the new national tax law held at the

Nigeria’s pension industry in 2025 consolidated its position as one of the most stable segments of the country’s financial system, driven by regulatory reforms, expanding contributor base, and sustained investment returns. At the centre of this growth trajectory is the National Pension

Nigeria’s average daily crude production is still below the 1.5-million-barrel quota set for the country by the Organisation of the Petroleum Exporting Countries. According to the OPEC Monthly Oil Market Report released in April, Nigeria’s crude production in March was 1.38 mbpd.

Key Points CBN allots ₦2.2 trillion in OMO bills despite ₦600 billion offer Subscription hits ₦2.6 trillion, reflecting strong investor demand Stop rates settle near 22% as apex bank targets excess liquidity Main Story The Central Bank of Nigeria (CBN) has allotted

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged developing countries to adopt measures to mitigate global shock. Edun said this at the G24 news conference held on the sidelines of the ongoing International Monitary Fund (IMF)

Guinness Nigeria Plc has reported a profit after tax of N10.39 billion for the quarter ended March 31, 2026. This represents an increase from N7.03 billion recorded in the corresponding period of 2025. The company disclosed this in a corporate disclosure through