Central Securities Clearing System (CSCS) Plc, has said that the Nigerian capital market is set to transition to a T+1 settlement cycle on May 29, 2026, aiming to enhance post-trade efficiency and reduce settlement risk. CSCS in a statement said ...
Read More »Category Archives: ECONOMY & MONEY
Rising Oil Prices, Power Outages Push Manufacturers To Brink
Nigerian manufacturers are facing renewed pressure from soaring energy costs and worsening electricity supply, further raising the cost of production and threatening industrial output due to the escalating geopolitical tensions in the Middle East involving the United States, Israel and ...
Read More »TSA To Drive State Revenue Growth As Gov Eno Engages Revenue MDAs
…Urges Full Compliance for Accountability Governor Umo Eno has said the implementation of the Treasury Single Account (TSA) in the State will boost revenue growth and serve as a strategic tool to drive holistic development, enhance transparency, and strengthen accountability ...
Read More »Dangote Cuts Petrol Price By N25 Per Litre
The Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS) by N25 per litre, lowering its ex-depot/gantry rate from N799 to N774 per litre. The refinery communicated the price adjustment to marketers on Tuesday, confirming that ...
Read More »Access Bank’s Bidvest Deal Stalled On Regulatory Compliance
Access Bank Plc’s proposed acquisition of South African-based Bidvest Bank has hit a regulatory pause as the long stop date for the transaction expired without completion. In a notification to the Nigerian Exchange Limited, signed by its company secretary, Sunday ...
Read More »Staff Celebrates Accountant General On His Birthday
Amidst pomp and pageantry, staff of the office of the Accountant General of Akwa Ibom State on the 9th of February, 2026, rolled out the drums to celebrate their boss, Pastor Uwem Andrew-Essien during the Monday prayer meeting of the ...
Read More »PH Refinery Reopening A $1.5bn Waste, Shut To Stop Monumental Losses, Ojulari Admits
…Says NNPC lacks capacity to run refineries profitably …’ Nigerians should thank God for Dangote Refinery’ The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said it shut down the $1.5 billion-rehabilitated Port Harcourt Refinery, after internal reviews exposed “monumental ...
Read More »OPay Named The Sun’s First-Ever Fintech/Digital Bank of the Year 2025
OPay has been named Fintech/Digital Bank of the Year 2025 at The Sun Awards organised by The Sun Publishing Limited, one of Nigeria’s respected media institutions, on the 31st January 2026 at Eko Hotels and Suites, Victoria Island, Lagos, marking ...
Read More »MTN Foundation Trains 6,000 Microbusiness Owners In Digital Skills
In line with the Federal Government’s National Digital Economy and SME Development agenda, the MTN Foundation has commenced the seventh phase of its ICT Business Skills onboarding programme, targeting 6,000 microbusiness owners nationwide. The virtual training programme, which began on ...
Read More »Imbibing Investment Culture In The New Year
As the year 2026 commences, Nigerians are looking forward to new opportunities and financial growth. One trend that’s gaining momentum is the shift from traditional savings to smart investments. With the Nigerian economy showing signs of resilience, now’s the perfect ...
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