By Martha Agas The Solid Minerals Development Fund (SMDF) says only a strong financing framework can unlock Nigeria’s vast mineral wealth and drive its national development. SMDF`s Executive Director, Hajiya Fatima Shinkafi, stated this at a workshop themed ‘Building a Sustainable Finance Framework for Nigeria’, on Tuesday in Abuja. TheContinue Reading
By Ibironke Ariyo Kogi on Tuesday formally unveiled the Ajaokuta Economic City projected to attract between $2-$5 billion in Foreign Direct Investment (FDI) inflows to Nigeria in seven years. Speaking at the ceremony in Abuja, Gov. Ahmed Ododo said the unveiling represented a monumental milestone in the economic evolution ofContinue Reading
By Taiye Olayemi GCR Ratings has upgraded NEM Insurance Plc’s national scale financial strength rating to AA+ (NG), citing “sustained competitive strength” in the non-life market. The agency, in a statement on Monday,Continue Reading
By Taiye Olayemi Dr Emomotimi Agama, SEC Director-General, says the renewed Capital Market Master Plan will align closely with Nigeria’s National Development Plan. Speaking at the Capital Market Committee meeting in Lagos on Monday, he said theContinue Reading
By Taiye Olayemi The Securities and Exchange Commission has confirmed plans to begin recapitalisation for all capital market intermediaries in 2026, marking a major regulatory shift. Dr Emomotimi Agama, the commission’s Director-General, revealed the move duringContinue Reading
By Joshua Olomu The Presidential Enabling Business Environment Council (PEBEC) has released the 2025 Subnational Ease of Doing Business (EoDB) Report, with Lagos emerging as the best performing state, scoring 85.6 per cent. The report released by the Director-General of PEBEC, Mrs Zahrah Mustapha-Audu, has Kaduna in second position withContinue Reading
By Lucy Ogalue The Corporate Affairs Commission (CAC) has announced a nationwide enforcement exercise to end the operations of unregistered Point-of-Sale (PoS) agents across the country. CAC, in a statement signed by its management, directed all operators to regularise their businesses before Jan. 1, 2026. The commission said the directiveContinue Reading
Okeoghene Akubuike The African Export-Import Bank (Afreximbank) says digital transformation is critical to unlocking trade and investment potential under the African Continental Free Trade Area (AfCFTA). Dr Yemi Kale, Group Chief Economist and Managing Director, Research, Afreximbank, stated this at an engagement event on “Unlocking Nigeria’s Trade and Investment PotentialContinue Reading
By Rukayat Moisemhe Corporate governance experts have urged ethical leadership, disciplined structures, and strong crisis preparedness to protect corporate reputation in turbulent periods. They spoke during the Chartered Institute of Directors’ (CIoD) induction ceremony on Thursday in Lagos. The event, which inducted 334 new members and 10 upgrades, had theContinue Reading
By Taiye Olayemi The Nigerian stock market closed bullish on Thursday, leading to N97 billion gains for investors. This marked the third consecutive positive rally in the week. The positive performance was driven by sustained investors’ interest in stocks like UACN, Morison, Ecobank Transnational Incorporated, WAPIC, AXA Mansard and 18Continue Reading
