Business Archives - Page 11 of 23

UBA Joins NIDCOM to Unlock Diaspora Capital Flows

March 19, 2026

United Bank for Africa Plc and the Nigeria Diaspora Commission have strengthened their collaboration to enhance diaspora capital inflows and support diaspora‑driven initiatives in Nigeria. The development follows the signing of a Memorandum of Understanding between UBA and NIDCOM at the Nigeria Diaspora Investment Summit held in Abuja. The agreement is aimed at improving engagement...

FCMB Secures International Licence After N500bn Capital Raise

March 17, 2026

FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and retained its international banking licence after obtaining all required regulatory approvals. The recapitalisation exercise forms part of efforts by banks to meet new capital requirements set for international banking operations in Nigeria. FCMB undertook a series of capital-raising...

Visa, Zenith Bank Launch Signature Card for Affluent Customers

March 16, 2026

Visa Inc. has partnered with Zenith Bank to introduce the Visa Signature Card, a premium payment solution designed for affluent customers in Nigeria. The card was unveiled during a media briefing at the Zenith Bank headquarters in Victoria Island, Lagos. Executives from both organisations said the initiative forms part of efforts to expand premium banking...

Livestock Imports Rise 14.5% to N1.71trn Amid Dairy Supply Gap

March 16, 2026

Imports of livestock and related products into Nigeria rose to N1.71 trillion in 2025, representing a 14.5 percent increase from N1.49 trillion recorded in 2024, according to findings based on data from the National Bureau of Statistics. The increase comes as Nigeria continues efforts to diversify its economy while the livestock sector remains a significant...

FG, States and LGs Share N1.89tn February Revenue, FAAC Says

March 14, 2026

The Federation Account Allocation Committee says it shared a total of N1.894 trillion from February revenue among the Federal Government, the 36 states of the federation and the 774 local government councils. The revenue distribution followed a meeting of the FAAC held in Abuja in March 2026. The committee is responsible for allocating Nigeria’s Federation...

Nigerians Most Exploited by Telecom, Energy and Fintech Firms — FCCPC

March 13, 2026

The Federal Competition and Consumer Protection Commission says telecommunications, energy and financial technology firms generate the highest number of consumer complaints from Nigerians, and it has recovered over N20bn for affected consumers, the agency’s executive vice chairman disclosed. Tunji Bello, Executive Vice Chairman of the FCCPC, made the disclosure on Thursday while briefing State House...

30 Banks Meet CBN Recapitalisation Target With 19 Days Left

March 12, 2026

Thirty banks operating in Nigeria have met the recapitalisation requirements set by the Central Bank of Nigeria, with 19 days remaining before the March 31, 2026 deadline. The recapitalisation programme was announced in November 2023 and later formalised through directives issued by the Central Bank on March 28, 2024. The policy requires banks to increase...

BOI and Plateau State Sign N4bn Deal to Support Small Businesses

March 11, 2026

The Bank of Industry (BOI) and the Plateau State Government have signed a Memorandum of Understanding to establish a N4 billion matching fund to support Micro, Small and Medium Enterprises in Plateau State. The agreement was signed on Tuesday evening at the Government House in Jos. The fund will be co-financed equally by BOI and...

Obasanjo, Sanwo-Olu, Others Seek Stronger African Trade Ties

March 9, 2026

Former Nigerian President Olusegun Obasanjo, Babajide Sanwo-Olu, and other African leaders and business figures have called for stronger trade relations across the continent as Lagos prepares to host the 2027 Intra-African Trade Fair (IATF). The call was made during the signing of the hosting agreement for the 2027 edition of the trade fair in Lagos....

Vitafoam Nigeria Plc Shareholders Approve N3.75bn Dividend, Bonus Share Issue

March 6, 2026

Shareholders of Vitafoam Nigeria Plc have approved a dividend payout of N3.75 billion and endorsed the issuance of bonus shares as the company reported improved financial performance for the 2025 financial year. The approvals were granted during the company’s 64th Annual General Meeting held in Lagos. At the meeting, shareholders authorised the capitalisation of N125.08...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026

Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

July 26, 2026

Security forces have intensified efforts to rescue the Zamfara LG chairman, Hon. Nura Umar Abdullahi, after suspected terrorists abducted him during an overnight attack on his residence in Bungudu Local Government Area of Zamfara State. The Joint Task Force (North West), operating under Operation Fansan Yamma, confirmed in a statement issued on Saturday that the...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Kwankwaso Breaks Silence on Peter Obi’s One-Term Promise Ahead of 2027

Latest News

UBA Joins NIDCOM to Unlock Diaspora Capital Flows

FCMB Secures International Licence After N500bn Capital Raise

Visa, Zenith Bank Launch Signature Card for Affluent Customers

Livestock Imports Rise 14.5% to N1.71trn Amid Dairy Supply Gap

Nigerians Most Exploited by Telecom, Energy and Fintech Firms — FCCPC

30 Banks Meet CBN Recapitalisation Target With 19 Days Left

BOI and Plateau State Sign N4bn Deal to Support Small Businesses

Obasanjo, Sanwo-Olu, Others Seek Stronger African Trade Ties

Vitafoam Nigeria Plc Shareholders Approve N3.75bn Dividend, Bonus Share Issue

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

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