The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has raised alarm over the far-reaching implications of the United States’ newly imposed 14 per cent tariff on Nigerian exports, warning that the measure could significantly reduce foreign exchange (FX) inflows and destabilize key sectors […]
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ISA 2025 Will Stimulate Economic Growth – SEC
The Securities and Exchange Commission (SEC) has said that the Investments and Securities Act 2025 is a game changer that has the strong potential for stimulating growth for the Nigerian capital market and the economy. Director General of the SEC, Dr. Emomotimi Agama who stated this during an […]
ISA 2025: Ponzi Operators Risk 10 Year Jail Term, N20m Fine -SEC
Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20m or imprisonment to a term of 10 years or both. This is one of the provisions of the newly […]
CPPE Warns Against Nigeria’s Planned Solar Panel Ban
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned the federal government against its proposed ban on the importation of solar panels, warning that such a policy could exacerbate Nigeria’s energy crisis and deter investment in renewable energy solutions. The warning follows a statement […]
Wema Bank Reports ₦102.51bn pretax profit
Wema Bank Plc has released its full 2024 financial results with a profit before tax of ₦102.51bn, representing an increase of 135 per cent over the ₦43.59bn recorded in the corresponding period in 2023. The Bank also proposed a dividend of N1.00 per share on the back of the […]
Ecobank Group Reports $333m Profit After Tax In 2024
Ecobank Group Plc has announced its audited financial results for the 2024 fiscal year, reporting a 16 per cent increase in profit after tax (PAT) attributable to shareholders, reaching $333 million. This growth was driven by strong fee and commission income, operational efficiencies, reduced impairment charges on other […]
Despite Growth, Poverty in Africa Rises to 468m – ECA Report
Poverty levels in Africa have continued to rise, despite economic growth projections, with the number of people living in extreme poverty increasing to an estimated 468m, according to the latest Economic Report on Africa (ERA) by the Economic Commission for Africa (ECA). The report forecasts a gradual […]
Zambian Vice President Nalumango Arrives Nigeria for Access Bank’s Women’s Conference
Zambia’s Vice President, Mutale Nalumango, arrives Nigeria today for an official visit to attend the 2025 International Women’s Day (IWD) Conference, organized by Access Bank. The highly anticipated event, scheduled for Friday, March 28, 2025 will bring together influential women leaders, policymakers, and advocates from across Africa and […]
Nigeria, OECD Partner On Economic Growth, Illicit Financial Flows
The Federal Ministry of Finance has forged a strategic alliance with the Organisation for Economic Co-operation and Development (OECD) to combat illicit financial flows and strengthen Nigeria’s economic growth framework. This collaboration marks a significant step in strengthening the country’s financial framework and reinforcing global partnerships for […]
Dangote Polypropylene to Revive Textile Industry, Save Nigeria $267m-MAN
The Manufacturers Association of Nigeria (MAN) has stated that the production of polypropylene by the Dangote Petroleum Refinery & Petrochemicals will revive Nigeria’s struggling textile industry and save the country $267M in import costs. In an interview on the Channels Business Incorporated Programme, the Director-General of MAN, Segun […]