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FG Attracts Over $2.6bn FDI into Solid Minerals in Two Years

The Federal Government has attracted over $2.6 billion in foreign direct investment into Nigeria’s solid minerals sector within the last two years, the Minister of Solid Minerals Development, Dele Alake, has said. Alake disclosed this while outlining developments in the sector, noting that reforms introduced by the government have focused on repositioning solid minerals as...
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NGX Rally Extends as Investors Gain N1.8trn in Three Days

Trading on the Nigerian equities market closed on a positive note last week, as investors gained about ₦1.765 trillion in three trading sessions on the Nigerian Exchange Limited. The market recorded gains during a shortened trading week, with activities spanning three sessions. The positive performance reflects continued investor participation and movements in key equities. Market...
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Tariff Crisis Threatens Shipping Operations, Jobs in Nigeria

Shipping companies operating in Nigeria have warned that ongoing tariff-related disputes could force them to shut down local operations, raising concerns over potential job losses in the maritime sector. The warning follows tensions linked to tariff increases and disputes between shipping firms and stakeholders within Nigeria’s port system. The situation has affected operations and heightened...
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UBA Joins NIDCOM to Unlock Diaspora Capital Flows

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...
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FCMB Secures International Licence After N500bn Capital Raise

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...
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2027: Nigerians Question Whether Their Votes Will Count

As Nigeria prepares for the 2027 general elections, concerns over the credibility of the electoral process have resurfaced, with stakeholders divided over whether voters’ choices will be fully protected and reflected in the final results. The debate followed the inauguration of the All Progressives Movement, APM, presidential campaign office in Ibadan, where Oyo State Governor...

Reps Probe N432bn Oil Revenue Debt Owed to NMDPRA

The House of Representatives Public Accounts Committee, PAC, has commenced an investigation into outstanding oil revenue debt owed to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, by the Nigerian National Petroleum Company Limited, NNPCL, and oil companies. The liabilities under investigation have been put at N432.07 billion. The probe followed findings contained in...

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