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The Lagos State Government, alongside the World Bank and First City Monument Bank (FCMB), is driving the Human Capital Opportunities for Prosperity and Equity–Governance (HOPE-GOV) programme, a $500 million initiative aimed at strengthening the systems that underpin basic education and ...

Stakeholders in Nigeria’s agriculture sector have called for stronger coordination across the value chain to boost productivity and enhance food security. The call was made at the BusinessDay Future of Agriculture Conference held in Lagos, where participants examined challenges affecting ...

The Alternative Bank (‘AltBank’) is making a major push into electric vehicle (EV) financing, positioning the sector as a key growth opportunity as it seeks to bring Nigeria’s largely informal transport market into the formal financial system. The Bank said ...

Nigeria’s economy is expected to maintain a steady growth path in the first half of 2026, even as global tensions triggered by the Iran war ripple through energy markets and domestic prices, the World Bank said on Tuesday. The Bank ...

The International Monetary Fund (IMF) has urged caution in managing external loans as Nigeria’s federal government secures a $6 billion facility to accelerate infrastructure development in transport and energy sectors. Approved from a consortium of international lenders, the funding aligns ...

About 25 people were on Sunday killed in Benue and Kaduna communities following attacks by bandits. It was gathered that scores were kidnapped during the Kaduna attack, and that several houses were burnt in Benue. In the attack in Benue, ...

Following the completion of the banking sector recapitalisation exercise, the Central Bank of Nigeria has commenced a stricter phase of regulatory oversight, directing banks to comply with a strengthened risk-based capital framework anchored on stress testing. The apex bank had ...

Nigeria’s crude oil output has climbed to 1.84 million barrels per day, marking a notable rebound in production, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The development was disclosed during a meeting on Friday between the commission’s Chief ...

The Nigeria Sovereign Investment Authority (NSIA) has unveiled plans to deepen its role in financing large-scale infrastructure projects, working closely with the World Bank to establish a new integrated funding platform aimed at unlocking critical investments across key sectors of ...

With the recapitalisation deadline of the Nigerian banking industry now concluded, analysts have called for a cut in the Cash Reserve Requirements (CRR) for banks to allow banks effectively mediate and provide the needed funding for the private sector to ...