Auto Added by WPeMatico
As the January 1, 2027 deadline for data localisation compliance approaches, the Central Bank of Nigeria (CBN) has urged financial institutions to strengthen the management of risks associated with their growing reliance on cloud computing and third-party technology providers to protect financial system stability. The Deputy Governor, Financial System Stability,Continue Reading
Kwara State governor AbdulRahman AbdulRazaq, has reiterated his administration’s commitment to promoting the welfare of pensioners in the state, promising to consider their requests for a vehicle and a permanent secretariat for their union. The governor gave the assurance on Wednesday while playing host to the leadership of theContinue Reading
TotalEnergies says its subsidiary TotalEnergies EP Nigeria has completed the divestment of its 10 per cent non-operated interest in the Renaissance JV licenses to Vaaris for an aggregate amount of US$ 800 million. TotalEnergies, however retains full economic interest in the three gas licenses of the Renaissance JV (OML 23,Continue Reading
Nigerian Exchange Group Plc has reported profit before tax of N20.6 billion for the nine months ended September 30, 2026, up 83.3 percent from N11.2 billion in the same period of 2025. Profit after tax rose by 86.4 percent to N14.7 billion, already 40 percent above the Group’s full-yearContinue Reading
The National Credit Guarantee Company Limited (NCGC) has supported loans worth N64.13 billion to 174,495 borrowers across Nigeria, as the federal government intensifies efforts to expand access to finance for businesses and individuals. The Managing Director and Chief Executive Officer of NCGC, Dr Bonaventure Okhaimo, disclosed this during a pressContinue Reading
BY YUSUF BABALOLA, BUKOLA ARO-LAMBO, OLAMIDE OJUOKAIYE, SIVOWAKU ABIODUN, KINGSLEY OKOH AND DEBORAH BELLO, Lagos With barely days to the October 31 expiration of the Federal Government’s N66-per-litre petrol discount, motorists, commercial transport operators and small business owners say the intervention has failed to deliver meaningful relief from the country’sContinue Reading
FirstBank has reaffirmed its support for manufacturing and agro-processing businesses as part of efforts to drive industrialisation, expand local production and create jobs for Nigeria’s growing workforce. The Managing Director/Chief Executive Officer of FirstBank, Olusegun Alebiosu, said the bank had supported rice mills, plantation agriculture and agro-processing businesses, including palmContinue Reading
The National Credit Guarantee Company Limited (NCGC) has said its credit guarantee scheme could help lower interest rates on loans to micro, small and medium-sized enterprises (MSMEs) by reducing the risks banks face when lending to businesses. The Managing Director and Chief Executive Officer of NCGC, Dr Bonaventure Okhaimo, disclosedContinue Reading
…Says CBN regulation and recent policy changes drove bank’s expansion The managing director of J.P. Morgan West Africa, Dapo Olagunju, has said the Central Bank of Nigeria’s regulatory standards and the economic reforms of the past three to four years are behind the bank’s decision to expand in Nigeria. OlagunjuContinue Reading
The federal government has prioritised energy zones, sector liquidity, existing assets and infrastructure expansion as it works to deliver more reliable electricity across Nigeria, Minister of Power, Joseph Tegbe, has said. Tegbe spoke at the opening of the Nigeria Energy Leadership Summit 2026 in Lagos. The summit is themed “StrengtheningContinue Reading
Login to view your balance.
Designed using Magazine News Byte. Powered by WordPress.