Dave Ibemere
5423 articles published since 20 Sep 2021
5423 articles published since 20 Sep 2021
Optimus Bank reported 2025 profit before tax rising 69.94% to N24.14bn, as gross earnings jumped 73.53% to N50.67bn, driven by strong core banking growth.
Nigeria’s external debt reached N74.43 trillion in Q4 2025, representing 46.73% of total public debt, with Lagos leading subnational borrowings while the FCT lowest.
Nigeria’s Debt Management Office plans to raise N700 billion through FGN bonds to fund budget needs and support ongoing fiscal management efforts.
Aliko Dangote says the Dangote Group refinery expansion to 1.4mbpd will create 95,000 jobs, boost capacity, and strengthen Nigeria’s fuel security and economy.
NGX closed higher as the All-Share Index rose 3.94%, market capitalisation hit N145.34 trillion, financial stocks dominated trading, and market sentiment.
CPPE welcomes the federal government's 30% airline debt relief but urges urgent reforms to reduce excessive aviation charges and improve sector sustainability.
Private depot owners adjusted petrol prices amid rising crude oil costs, causing mixed depot trends and influencing retail fuel prices across Nigeria nationwide.
The naira fell to a three-week low of N1,361/$ as strong dollar demand, declining reserves, and limited forex supply continued to pressure the currency.
The CBN's new banking rules remove charges on key services, boosting financial inclusion and reducing fees from May 1, 2026. Find out what's changing for Nigerians.
Dave Ibemere
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