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Benue Governor Promises Justice After MACBAN Chairman, Associate Killed

KEY POINTS Governor Hyacinth Alia has condemned the killing of Benue MACBAN Chairman, Alhaji Ardo Risku, and his associate, describing it as an attack on peace efforts. The governor has ordered security agencies to carry out a thorough investigation and ensure those responsible are...

June 29, 2026

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Tinubu Signs New NIMC Law to Strengthen Digital Identity System

KEY POINTS President Tinubu signed the NIMC Act 2026 into law, replacing the 2007 legislation to modernise Nigeria's digital identity system. The new law strengthens cybersecurity, digital authentication, and data sharing while making the National Identification Number (NIN) the country's primary identity credential. Government...

June 29, 2026

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Textile manufacturers seek stronger trade protection for local industry

The Nigeria Textile Manufacturers Association has renewed its call for stronger trade protection, urging import restrictions to shield local mills from smuggling, dumping and unfair foreign competition.

June 22, 2026

Business

Nigeria Industrial Policy secures $380million in investment commitments in 90 days

The Federal Government says the Nigeria Industrial Policy 2025 has secured more than $380m in financing commitments within its first 90 days of active implementation.

June 22, 2026

Business

Economists cite reform impact as Nigeria’s revenue hits N15.8trillion

Economists have credited tax reforms, improved administration and stronger oil earnings for Nigeria's revenue, which hit N15.8tn in the first five months of 2026, up 49 percent.

June 20, 2026

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FG allocates two more crude oil terminals to Swede Control Intertek

The Federal Government has allocated two more crude oil export terminals to Swede Control Intertek, expanding the pre-shipment inspection agent's role in certifying Nigeria's exports.

June 19, 2026

Business

Experts warn FG against costly foreign loans and VAT hike over IMF advice

Capital market operators and economists have urged the Federal Government to avoid expensive foreign loans and a VAT increase as it weighs the IMF's latest policy recommendations.

June 17, 2026

Business

FirstBank hits N1bn daily disbursement on FirstAdvance

FirstBank says its salary-backed digital loan product, FirstAdvance, has hit a milestone of N1 billion in daily disbursement, reflecting rising customer adoption and trust.

June 16, 2026

Business

Revenue from VAT and CIT falls 6 Percent to N3.79trn in first quarter

Nigeria's combined revenue from VAT and company income tax fell 6.2 percent to N3.79 trillion in the first quarter of 2026, the NBS has said.

June 16, 2026

Business

EU chief hails US-Iran deal to end war and reopen Hormuz

EU Council President Antonio Costa has welcomed a deal between the US and Iran to end the war and reopen the Strait of Hormuz.

June 15, 2026

Business

Ex-CBN deputy governor Moghalu named Bluecode Africa board chairman

Bluecode Africa has named former CBN deputy governor Kingsley Moghalu chairman of its Nigerian subsidiary's advisory board as the payments firm enters the Nigerian market.

June 11, 2026

Business

FCMB appoints Bismarck Rewane non-executive director and board chairman

First City Monument Bank has appointed economist Bismarck Rewane as non-executive director and chairman of its board, following approval from the Central Bank of Nigeria.

June 11, 2026

Business

CBN Reassigns Four Deputy Governors in Leadership Shake-Up

KEY POINTS The Central Bank of Nigeria has redeployed its four deputy governors in...

June 3, 2026

Business

CBN unveils Payment Systems Vision 2028 to drive growth and financial inclusion

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.

June 2, 2026