By Okeoghene Akubuike The Nigeria Sovereign Investment Authority (NSIA) says it recorded a core operating income of N525.3 billion for the 2025 financial year, up from N498.0 billion posted in 2024. Aminu Umar-Sadiq, Managing Director and Chief Executive Officer of NSIA, disclosed this while presenting its 2025 Earnings atContinue Reading
By Taiye Olayemi Africa Prudential Plc has reported a 38.35 per cent increase in revenue to N7.19 billion for the financial year ended Dec. 31, 2025, compared to N5.19 billion recorded in 2024. This was disclosed at the company’s 13th Annual General Meeting held virtually on Thursday. The company’s ProfitContinue Reading
By Grace Alegba The Director-General of the Bureau of Public Procurement (BPP), Dr Adedokun Adebowale, has urged procurement officers to strictly adhere to rules to drive reforms and national development. Adebowale made the call on Thursday while presenting a paper titled “Transforming Public Procurement Systems through Reforms and Innovations forContinue Reading
Foundation unveils civic platforms to enhance participatory governance, project trackingContinue Reading
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
