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 ...
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AltBank Plans Nationwide EV Financing Push, Targets Informal Transport Sector
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 ...
Read More »World Bank Forecasts Economic Growth For Nigeria Despite Impact Of Iran War
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 ...
Read More »Fortis Global, 9 Others Top Stocks Best-performing Chart In Q1
Fortis Global Insurance Plc and nine others emerged as top best-performing Nigerian stocks in the first quarter of 2026. Fortis Global Insurance top the best-performing Nigerian stocks in Q1 after resuming trading on the NGX in February following a six-year ...
Read More »IMF Warns Nigeria On Debt Prudence Amid $6B Infrastructure Loan Approval
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 ...
Read More »CBN Tightens Post-Recapitalisation, Stress Tests As Banks Begin Compliance
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 ...
Read More »Nigeria’s Oil Output Reaches 1.84mbpd – Official
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 ...
Read More »AIICO Insurance Disburses N4.39bn Dividends To Shareholders
Shareholders of AIICO Insurance Plc are expected to receive a dividend payout of N4.39 billion for the year ended December 30, 2025, as the company continues to demonstrate its commitment to delivering value to its investors. The Company end year ...
Read More »Foreign Reserves Drop $840m In 13 Days Amid Steady Naira, Oil Price Boost
Nigeria’s foreign reserves dropped by $840 million over 13 straight days to $49.18 billion, even as the naira held relatively steady in a shortened trading week and crude oil prices firmed. Data from the Central Bank of Nigeria (CBN) showed ...
Read More »NSIA, World Bank Partner On New Financing Platform To Boost Power Infrastructure
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 ...
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