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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 ...

The ECOWAS Bank for Investment and Development (EBID) has committed fresh funding of $241.6 million to Nigeria, targeting critical infrastructure projects spanning transport and urban environmental management. The financing formed part of a wider $266.7 million and CFA30 billion package ...

The Oyo State government, in partnership with First City Monument Bank (FCMB) and the Mastercard Foundation, has disbursed N1.5 billion in collateral-free loans to 1,000 young agripreneurs to boost food production and support youth-led businesses. The funding, delivered under the ...

The trade volume between Nigeria and China has surpassed $28 billion as both countries strengthen bilateral relations built on mutual respect, non-interference, and shared development aspirations. Indications to this development emerged when the Chinese Ambassador to Nigeria, Yu Dunhai paid ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared Nigeria’s total oil and condensate reserves at 37.01 billion barrels and gas reserves at 215.19 trillion cubic feet (TCF) as of January 1, 2026. The commission’s chief executive Oritsemeyiwa Eyesan ...

By Elizabeth Johnny The Akwa Ibom State Government in collaboration with the Bank of Industry (BOI), has outlined documentation requirements and procedures for accessing the N4 billion AKSG/BOI Matching Fund designed to support small and medium-scale enterprises (MSMEs) in the ...

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria. UBA’s group managing director/chief executive officer, Oliver Alawuba, stated this on Monday, while hosting key representatives ...

Transcorp Hotels Plc has signed a leasing agreement with SORA Restaurant, adding the upscale dining lounge to its Transcorp Hilton Abuja cuisine offerings. The deal brings SORA’s dining concept to Abuja’s hospitality market. According to Transcorp Hotels, SORA Restaurant, known ...

… acknowledges the ongoing power outages in some parts of the state By our Reporter The Akwa Ibom State Government has dismissed as false and malicious a publication alleging that the state-owned Ibom Power Company is being sold as scrap, ...

The Central Bank of Nigeria (CBN) has waived the affidavit requirement for reactivating dormant bank accounts, easing access to long-stagnant funds for millions of Nigerians. This move aims to unlock billions of naira trapped in inactive accounts, boost financial inclusion, ...