Business

Banks await CBN clearance as audit delays leave investors without key earnings data

Investors in some of Nigeria's largest listed banks are facing a growing information gap as delays in the completion of audits and clearance by the Central Bank of Nigeria (CBN) delay the release of audited half-year results, limiting their...

NUPRC threatens beneficiaries of gas flaring sites with revocation for non-use

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened allottees of gas flaring sites with possible revocation of their awards if they do not show progress in utilizing the sites. The Chief Executive Officer of the Commission (CCE), Mrs. Oritsemeyiwa...

Cybersecurity: CBN warns banks and fintechs against third-party technological risks

…says one incident could disrupt the entire financial system The Central Bank of Nigeria (CBN) has warned banks, fintechs and other financial institutions against the growing cybersecurity and third-party technology risks associated with the increasing interconnectivity of the financial system.…says...

NGX: Losses in banking and insurance sector wipe out N1.88 trillion

Nigeria's stock market suffered a sharp sell-off on Tuesday, wiping N1.88 trillion off investors' wealth, as heavy losses in banking and insurance stocks dragged the benchmark index down 1.17 per cent. The Nigerian Exchange Limited All-Share Index (ASI) fell to...

Sanwo-Olu, Founder of AFRIMA, Government of California, CEO of Afretrade and others to speak at California-Lagos Business Summit

A new economic and cultural bridge between Africa and the United States is about to take shape in California, United States, as Lagos State Governor Babajide Sanwo-Olu, All Africa Music Awards (AFRIMA) Founder and Chairman Mike Dada, California Governor...

Nigeria Exports Hit N27 Billion as Trade Surplus Widens in Q2 2026 – NBS

The National Bureau of Statistics (NBS) on Monday revealed that Nigeria's total exports in the second quarter (Q2) of 2026 were valued at ₦27,020.88 billion. In data published by the Bureau, the value of exports in the second quarter of...

NAICOM cancels NICON insurance license and appoints Ume as receiver/liquidator

The National Insurance Commission (NAICOM) has canceled the operating license of NICON Insurance Limited and appointed Nigeria’s Senior Counsel, Chukwuma Machukwu Ume, as interim liquidator/receiver of the company. The regulatory action involves the cancellation of the company's Registration Certificate, RIC-049,...

Naira appreciates N11 against the dollar in the official foreign exchange market

…Black market (buying and selling rates): N1,395—N1,405 The Nigerian naira appreciated against the United States (US) dollar, trading at N1,315.6717 at the official foreign exchange (FX) window of the Central Bank of Nigeria (CBN) on Thursday, September 3, 2026. He data...

Industry Bill 2026: NADDC advances legislative framework as NAMA seeks strong automotive policy

The National Automotive Design and Development Council (NADDC) has begun taking steps to finalize the proposed National Automotive Industry Bill, 2026, as the Nigerian Automobile Manufacturers Association (NAMA) called for a performance-based policy framework capable of boosting investment, local...

Axxela publishes 2025 sustainability report and achieves targets across all key performance indicators

Axxela Limited, a gas and energy holding company in sub-Saharan Africa, has published its 2025 Sustainability Report, providing a comprehensive overview of the company's environmental, social and governance performance across its operations during the year. The report, titled "Enabling Access,...

Latest News

Banks await CBN clearance as audit delays leave investors without key earnings data

Investors in some of Nigeria's largest listed banks are facing a growing information gap as delays in the completion...