By Taiye Olayemi The capital market has taken a major step forward with the shift to a T+1 settlement cycle, a reform expected to make trading faster, smoother and more aligned with global practice. With the change effective from June 1, investors will now see their transactions completed within oneContinue Reading
By Lucy Ogalue The United Nations Development Programme (UNDP), has urged African countries to move beyond pilot programme initiatives and focus on scaling up successful development models across the continent. Dr Jide Okeke, Director of Regional Programmes at the Regional Bureau for Africa, UNDP advocated this at the ongoing 2026Continue Reading
By Taiye Olayemi The equities market sustained its positive momentum in May, with investors gaining N4.514 trillion as renewed buying interest in financial services and consumer goods stocks lifted overall market performance. Market capitalisation rose by 2.89 per cent to close at N160.508 trillion in May, compared with N155.994 trillionContinue Reading
By Adeola Akinbobola The Executive Director and Convener of PowerUp Nigeria, Adetayo Adegbemle, has expressed worry over the rising wave of vandalism targeting Nigeria’s power infrastructure. Adegbemle said this during an interview with News Agency of Nigeria (NAN) on Monday in Abuja. He said the challenge posed a major threatContinue Reading
The Federal Government has inaugurated a high-capacity Compressed Natural Gas (CNG) facility, reaffirming its commitment to deepening gas utilisation and expanding access to cleaner energy through sustained investments in gas infrastructure nationwide.Continue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol witnessed an increase from N1,288.54 in March to N1,532.93 in April. The NBS made this known in its Premium Motor Spirit (Petrol) Price Watch for April released in Abuja. It saidContinue Reading
Okeoghene Akubuike The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N7,655.73 recorded in March to N8,706.93 in April. The NBS said in its Cooking Gas Price Watch for April released in Abuja, that the April price represented a 13.73 per centContinue Reading
By Taiye Olayemi Wema Bank has named 10-year-old Chimamanda Ozoakpata as the winner of its 2026 One-Day Managing Director/Chief Executive Officer (MD/CEO) Children’s Day initiative. The bank disclosed this in a statement on Wednesday, saying the initiative formed part of activities marking the 2026 Children’s Day celebration. Ozoakpata, Head GirlContinue Reading
By Lucy Ogalue Stakeholders have called for stronger Africa-centred systems to reduce barriers affecting intra-African trade. They made the call during a workshop on African trade settlement innovation held in Abuja for regional economic development. The workshop was convened under the auspices of the Prof. Ngozi Egbuna International Centre forContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) Group has warned that Africa’s trade finance gap could exceed 100 billion dollars again if rising geo-,political tensions and disruptions to global trade and supply chains persist. The warning is contained in the bank’s fifth Trade Finance Report presented on the sidelinesContinue Reading
