By Grace Alegba DataPro, a Nigerian technology-driven rating agency, has advised banks to begin portfolio reviews and strengthen data gathering processes to meet the Central Bank of Nigeria’s (CBN) stress testing directive. Mr Idris Adeleke, a member of the firm’s rating team, gave this recommendation during aContinue Reading
By Okeoghene Akubuike The Heads of the International Energy Agency, International Monetary Fund(IMF) , and the World Bank Group have agreed to form a joint coordination group. The group is aimed at strengthening their response to the energy and economic shocks triggered by the ongoing war in the Middle East.Continue Reading
Fair By Stanley Nwanosike The Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA), says the current economic challenges affected the just concluded 37th Enugu International Trade Fair. The President of ECCIMA, Mr Nnanyelugo Onyemelukwe, made the disclosure during the closing of the fair after an extension of two days.Continue Reading
By Kadiri Abdulrahman Abuja, April 1, 2026 (NAN) The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024. This is disclosed in a statement issued on Wednesday in Abuja, jointly signed by Dr Olubukola Akinwunmi, Director, Banking Supervision andContinue Reading
By Taiye Olayemi The Pension Industry Leadership Council has reaffirmed its commitment to repositioning pension funds as active drivers of Nigeria’s economic development, moving beyond their traditional role as passive investment vehicles. Director-General of the National Pension Commission (PenCom) and Chairman of the Council, Ms Omolola Oloworaran,Continue Reading
By Taiye Olayemi UAC of Nigera reported a 39 per cent decline in profit for the 2025 financial year to N9.91 billion, down from N16.31 billion recorded in 2024. This is according to the company’s audited financial statements for the year ended, Dec. 31, 2025, as released to theContinue Reading
By Taiye Olayemi Nike Popoola, Publisher of Daily Economy, has chronicled the transformation of Nigeria’s insurance industry over the past 20 years in a newly unveiled book. The book, titled “Trends in Nigeria’s Insurance Industry (2005 to 2025) and Selected Insurance Icons” was unveiled in Lagos in an event, whichContinue Reading
By Taiye Olayemi The Nigerian Exchange Group Plc (NGX Group) has reaffirmed the organisation’s commitment to promoting high standards of corporate governance in collaboration with the Chartered Institute of Directors Nigeria (CIoD). Chairman of the NGX Group, Dr Umaru Kwairanga, made this known at the unveiling of the CIoD 2026Continue Reading
By Grace Alegba Small and Medium Enterprises (SMEs) have been urged to embrace Artificial Intelligence to boost efficiency, profitability and customer engagement at a FirstBank SMEConnect webinar. The virtual event, with the theme ‘Business Growth: From Adoption to Integration and Scalable Impact’, was convened in Lagos by First Bank ofContinue Reading
By Vivian Emoni Abuja, March 31, 2026 (NAN) The Minister of Livestock Development, Mr Idi Maiha, has advocated stronger support and investment to transform Nigeria’s livestock sector. Maiha spoke at the National Stakeholders Roundtable on Transforming the Livestock Sector in Abuja on Tuesday. The event had as its theme: “ImprovingContinue Reading
