First Bank of Nigeria says it is deliberately targeting financing for small and mid-sized enterprises as part of efforts to strengthen Nigeria’s economy and foster inclusive growth. At the 31st Nigeria Economic Summit in Abuja, Managing Director Olusegun Alebiosu said the bank was focused on using digital solutions and tailored financial products to drive the…
Nigeria’s electricity distributors increased their revenue collection efficiency in the second quarter of 2025, raising ₦564.71 billion out of ₦742.34 billion billed to customers, the country’s regulator has said. Figures released by the Nigerian Electricity Regulatory Commission (NERC) show efficiency improved to 76.07 per cent, up from 74.39 per cent recorded in Q1. The modest…
President Bola Tinubu has refused assent to two major bills passed by Nigeria’s parliament, underscoring concerns over governance, fiscal accountability and policy coherence. The bills — to establish the Nigerian Institute of Transport Technology and amend the National Library Trust Fund — were returned to the National Assembly with detailed objections. Tinubu warned that the…
Nigeria’s Vice President Kashim Shettima has praised Shell for its sustained investments in the country, describing them as crucial to economic growth and energy security. At the Nigerian Economic Summit in Abuja, Shettima, standing in for President Bola Tinubu, commended the contributions of Shell Nigeria Exploration and Production Company, Shell Nigeria Gas, as well as…
The Nigerian government says it is determined to transform the country into a refining hub for West Africa as part of a wider strategy to secure energy independence and add value to every barrel of crude oil it produces. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, speaking through his technical adviser at the…
Ecobank Nigeria has upgraded its mobile App to deliver a faster, smarter, and more secure banking experience for customers nationwide. A statement by the bank’s media unit on Sunday said the upgrade underscores the bank’s commitment to leveraging technology to empower individuals and businesses with convenient access to financial services. According to the bank, the…
In a decisive step toward reshaping Nigeria’s economic diplomacy and global competitiveness, the National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Engr. (Dr.) Jani Ibrahim, mni, OON, on Monday, September 30, 2025, in a high-level luncheon with the European Union Commission in Abuja. The engagement, attended by senior…
The Arewa Consultative Forum (ACF) has condemned what it describes as ongoing attempts to undermine the Dangote Petroleum Refinery and Petrochemicals Company. It has also called for the protection of the multi billion dollar facility as a strategic national asset. In a statement signed by its National Publicity Secretary, Prof. Tanko Baba, the ACF expressed…
As Nigeria celebrates her 65th Independence Anniversary, Zoe New Dawn Nigeria Limited, a trailblazer in the real estate sector, joins the nation in honoring six and a half decades of resilience, growth, and opportunity. Led by Dr. Engr. Stephen Achema Akpa, Chairman and Chief Executive Officer of Zoe New Dawn Nigeria Limited and Rehoboth City…
President Bola Tinubu says his administration has achieved 12 remarkable economic milestones in just over two years, driven by sound fiscal and monetary policies. Speaking during a televised broadcast marking Nigeria’s 65th Independence anniversary, the president said his reforms were now delivering tangible results. He said: “Under our leadership, our economy is recovering…
