Business
Only 59% of banks, fintechs ready for data localisation
ABUJA, Nigeria — Only 59% of banks, fintechs and other financial institutions in Nigeria are ready to meet the January 1, 2027 deadline set by the Central Bank…
Faesol Ogungbayi
I write.
Business
UK backs $335,000 network for women-led businesses
LAGOS, Nigeria — The United Kingdom Government has committed $335,000 to establish the RiTA Investment Network, a new platform designed to channel more domestic investment into women-led businesses…
Business
Sterling Financial profit rises 37% to ₦97.28 billion
LAGOS, Nigeria — Sterling Financial Holdings Company Plc reported a pre-tax profit of ₦97.28 billion in its unaudited results for the nine months ended September 30, 2026. That…
Business
Ecobank pre-tax profit edges down to ₦1.01 trillion
LAGOS, Nigeria — Ecobank Transnational Incorporated reported a pre-tax profit of ₦1.01 trillion for the nine months ended September 30, 2026, a marginal decline of 0.41% from ₦1.015…
Business
Banks park ₦6.98 trillion as CBN offers ₦800 billion
ABUJA, Nigeria — The Central Bank of Nigeria will offer ₦800 billion in Nigerian Treasury Bills on Wednesday, October 28, 2026, acting for the Debt Management Office. The…
Business
CBN offers ₦800bn T-bills as banks park ₦6.98 Trillion
ABUJA, Nigeria — The Central Bank of Nigeria (CBN), acting for the Debt Management Office (DMO), will offer ₦800 billion in Nigerian Treasury Bills on Wednesday, October 28,…
Business
Transnational Corp pre-tax falls 10.5% to ₦111.39 Billion
LAGOS, Nigeria — Transnational Corporation Plc (Transcorp) reported a pre-tax profit of ₦111.39 billion for the nine months ended September 30, 2026, a 10.54% decline from ₦124.52 billion…
Business
United Capital pre-tax profit up 66% to ₦41.58 Billion
LAGOS, Nigeria — United Capital Plc recorded a 66.24% rise in pre-tax profit to ₦41.58 billion for the nine months ended September 2026, up from ₦25.01 billion a…
Business
PenCom urges young Nigerians to start saving early
LAGOS, Nigeria — The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has urged young Nigerians to start saving for retirement early, warning that excessive spending on…
Business
Portfolio inflows hit $7.09bn in Q2, direct investment lags
LAGOS, Nigeria — Nigeria’s portfolio investment inflows rose 17.6% quarter on quarter to $7.09 billion in the second quarter of 2026, up from $6.03 billion in the first…
Business
ICPC withdraws $2.3 Billion tax case against Sterling Oil
LAGOS, Nigeria — The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has withdrawn its court case against Sterling Oil Exploration & Energy Production Company Limited (SEEPCO)…
Tech and Gadgets
Japan commits $10.4m to expand Nigeria innovation hubs
ABUJA, Nigeria — The Japanese government, through the Japan International Cooperation Agency (JICA), has committed $10.4 million to expand innovation hubs across Nigeria, the Director General of the…
News
Sanwo-Olu says Lagos delivered 10,623 housing units
Lagos State Governor Babajide Sanwo-Olu says his administration has delivered 10,623 housing units across 23 estates in the state’s five administrative divisions since 2019. He made the disclosure…
Sports
Super Falcons miss $2.5m in FIFA preparation funding
Nigeria will miss out on $2.5 million in FIFA preparation funding after the Super Falcons failed to qualify for the 2027 FIFA Women’s World Cup in Brazil. The…
Business
Stanbic IBTC subsidiaries earn ₦113.37bn pre-tax
LAGOS, Nigeria — Eight subsidiaries of Stanbic IBTC Holdings Plc with separately reported results generated a combined profit before tax of about ₦113.37 billion in the nine months…
News
FG adds 640MW to grid with six new substations
KANO, Nigeria — The Federal Government has commissioned six transmission substations in Kano and Katsina states, adding 640 megawatts (MW) of electricity transmission capacity to the national grid…