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Signature Bank has crossed the CBN's recapitalisation threshold, raising its capital base to ₦52 billion through a rights issue and joining banks that have met the new minimum.
President Tinubu has named Fola Adeola chairman of a new petroleum reform taskforce, giving the panel six months to produce three reform blueprints for Nigeria's energy sector.
Tantita Security Services MD Kestin Pondi handed out N800 million in business grants to 80 entrepreneurs in Delta State, selected from over 26,000 applications.
Nigerian indigenous oil producer Moni Pulo marked 12 years of corporate worship services as its CEO announced gas development plans and called it a season of increase.
Dangote Cement signed a $1 billion deal with China's Sinoma Engineering to expand production across seven African countries, targeting 80 million tonnes per year by 2030.