Energia Limited has announced the appointment of Oladimeji Bashorun as its Chief Executive Officer (CEO), following the vacancy created by the exit of Mr. Chidi Egonu. Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role following years of providing strategic and operational […]
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SEC Orders Asset Freeze On Individuals, Entities Over Terror Links
The Securities and Exchange Commission has directed all capital market operators to immediately freeze assets linked to 10 individuals and three entities newly designated under Nigeria’s sanctions regime, in a move aimed at strengthening efforts to combat terrorism financing. In a circular issued to operators, the […]
Nigeria Cuts Duties On EVs, Buses, Machinery To Boost Economy
The Federal Government has approved sweeping reductions in import duties on electric vehicles, mass transit buses, and key manufacturing inputs, in a bid to cushion rising living costs and support economic activity amid global oil market volatility triggered by geopolitical tensions. The policy directive, approved by President […]
Afreximbank Unveils $10bn Plan To Stabilise Economies Amid Gulf Crisis
The African Export-Import Bank (Afreximbank) has approved a $10bn Gulf Crisis Response Programme (GCRP) aimed at protecting African and Caribbean economies from severe economic disruptions caused by the escalating conflict in the Middle East. The initiative is designed to provide urgent financial support, stabilise critical imports, and […]
Banks Face Rating Pressure Despite Meeting Capital Thresholds —DataPro
Nigerian banks may face increased scrutiny and potential rating pressure despite meeting new regulatory capital requirements, as credit rating assessments shift focus from the size of capital to its quality and resilience, according to DataPro, a technology-driven Credit Rating Agency. In its latest monthly rating brief, the agency […]
Nigeria’s Economic Growth Sustained As PMI Hits 53.2 In March
Nigeria’s economic expansion remained on a steady path in March 2026, as the composite Purchasing Managers’ Index (PMI) rose to 53.2 points, signalling continued growth in business activity across the country, according to the Central Bank of Nigeria (CBN). The latest PMI reading marks the sixteenth consecutive month […]
VFD Group Proposes ₦0.25 Dividend as Rights Issue Subscribers Earn Strong Returns
The Board of Directors of VFD Group Plc has proposed a final dividend of ₦0.25 per share, translating to an annualised return of 10% for shareholders who participated in the December 2025 rights issue at ₦10.00 per share. Dividends remain an important component of shareholder returns, particularly […]
CBN Warns Against Naira Abuse, Promotes Clean Currency Culture
The Central Bank of Nigeria has renewed its warning against the abuse and mishandling of the naira, urging Nigerians to treat the national currency with respect as a symbol of sovereignty, while reaffirming its commitment to economic stability and ongoing monetary reforms. The apex bank said it remains focused […]
Middle East Crisis: World Bank Warns Of Prolonged Economic Strain
The World Bank Group has raised concerns over mounting economic pressures stemming from the ongoing conflict in the Middle East, warning that prolonged instability could significantly disrupt global markets and undermine growth in emerging economies. The institution said in a statement that it is actively engaging with affected […]
‘Future of Financial Journalism Lies In Human, AI Collaboration’ — Datapro
The management of Datapro has emphasised that the future of financial journalism will depend on a careful balance between artificial intelligence and human judgment, warning that while AI is transforming reporting, trust and credibility must remain paramount. This position was made known during a specialised training for journalists […]