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FCMB, Truecaller Partner to Boost Customer Trust, Digital Security

temitope adebayo 17 September 2025 0

First City Monument Bank (FCMB) has entered into a strategic partnership with Truecaller, the global trusted communication platform, to strengthen customer engagement and safeguard transactions against rising fraud and impersonation in Nigeria’s financial sector. Under the arrangement, FCMB

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CBN Orders Early Succession Planning for Bank CEOs to Safeguard Stability

Motolani Oseni 17 September 2025 0

The Central Bank of Nigeria (CBN) has directed all Domestic Systemically Important Banks (DSIBs) to secure regulatory approval for successor Managing Directors/Chief Executive Officers (MD/CEOs) at least six months before the expiration of the incumbent’s tenure, in a move designed to strengthen corporate governance and safeguard financial system stability. In a circular

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ICSAN Conference Pushes AI Integration in Governance

temitope adebayo 17 September 2025 0

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has urged stakeholders to embrace artificial intelligence (AI) as a tool for excellence and innovation in governance rather than viewing it as a threat to jobs. Speaking at a pre-conference briefing ahead of ICSAN’s 49th Annual Conference, Vice President Francis Olawale said AI should be […]

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Africa Trails as Global Clean Energy Investment Hits $2.2trn in 2025

Motolani Oseni 17 September 2025 0

Global clean energy investment is set to reach $2.2 trillion in 2025, twice the $1.1 trillion projected for oil, gas, and coal. Yet, Africa is lagging behind in the global energy transition, capturing only a fraction of the flow despite its vast potential and growing population. According to the World Energy Investment 2025 report released […]

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Investors Lose N71bn as NGX Slides on Bank Selloffs

temitope adebayo 17 September 2025 0

The Nigerian Exchange (NGX) closed lower on Tuesday as profit-taking in tier-one banks erased N71 billion from investors’ wealth. The benchmark All-Share Index (ASI) fell by 0.08 per cent to 141,546.80 points, while the market capitalisation dropped to N89.56 trillion at the close of trading. The selloffs in Zenith Bank, UBA, Fidelity Bank, and INTBREW […]

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Micro Pension Contributions Rise Ninefold to N1.46bn in Four Years

Motolani Oseni 17 September 2025 0

Nigeria’s Personal Pension Plan (PPP), formerly the Micro Pension Plan (MPP), has recorded a sharp surge in adoption, with contributions rising ninefold to N1.46 billion between June 2021 and June 2025. The Pension Fund Operators Association of Nigeria (PenOp) said the scheme’s rapid growth highlights its expanding role in driving financial inclusion for workers outside

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NLNG Steps up Methane Emission Cuts with New Technology

Motolani Oseni 16 September 2025 0

Nigeria LNG Limited (NLNG) is intensifying efforts to curb methane emissions by embedding prevention measures into facility design, upgrading brownfield assets, and commissioning advanced technologies, Managing Director and Chief Executive Officer Philip Mshelbila has said. Speaking at a high-level panel during the 2025 Gastech Conference in Milan, Italy, Mshelbila

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NGX Lifts Suspension on Regency Alliance Insurance Shares

temitope adebayo 16 September 2025 0

The Nigerian Exchange Limited (NGX) has lifted the suspension on trading shares of Regency Alliance Insurance Plc, following the submission of its audited financial statements for the year ended December 31, 2024 and outstanding unaudited financial statements for 2025. The suspension was initially imposed due to the company’s failure to file its audited financial

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Nigeria, Peers Struggle with Surging Borrowing Costs, Says Moody’s

Motolani Oseni 16 September 2025 0

Nigeria, South Africa and Kenya are grappling with sharply higher borrowing costs as policy weaknesses, stubborn inflation and fragile market conditions choke access to affordable credit, global ratings agency Moody’s has warned. In its latest credit outlook, Moody’s noted that debt-servicing pressures have risen steeply across sovereigns, banks and corporates in the three

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NACCIMA, Agrofood Nigeria Seal Partnership to Boost Agro-Allied Growth

Motolani Oseni 16 September 2025 0

The Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture (NACCIMA) has entered into a strategic partnership with Agrofood Nigeria 2026, West Africa’s premier international trade fair for the agro-allied, food, beverage, and packaging industries. The collaboration, announced on Monday, positions NACCIMA as an Institutional Partner and underscores

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Customs Moves to Clear 905 Abandoned Vehicles, Cargoes to Ease Lagos Port Congestion

temitope adebayo 16 September 2025 0

The Nigeria Customs Service (NCS) has commenced the automation of its overtime cargo clearance system in Lagos, a measure expected to fast-track the evacuation of more than 905 abandoned vehicles and hundreds of stalled containers that have clogged key seaports for years. The initiative, unveiled on Monday in Zone A Commands, will cover 434 pieces […]

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20,000 Stakeholders Set for Nigeria Fintech Week 2025 to Shape Digital Future

Motolani Oseni 16 September 2025 0

No fewer than 20,000 innovators, policymakers, regulators, creators, investors, and professionals will converge at the 8th edition of the Nigeria Fintech Week (NFW25) to explore how financial technology is reshaping every facet of the economy—from healthcare and agriculture to transport, entertainment, media, and education. The conference, scheduled for October 7–9, 2025,

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Nigeria’s Trade Surplus Hits N12.64trn in H1, Oil Exports Slide 11.3%

Motolani Oseni 16 September 2025 0

Nigeria recorded a trade surplus of N12.64 trillion in the first half of 2025, even as crude oil receipts weakened by 11.3 per cent year-on-year to N24.92 trillion, according to figures released by the National Bureau of Statistics (NBS) and analysis by Cowry Assets Management Limited. Total merchandise trade climbed 12.88 per cent to N74.06 […]

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Investors Pocket N704bn as NGX Opens Week Strong

temitope adebayo 16 September 2025 0

Equity investors gained N704 billion on Monday as the Nigerian Exchange (NGX) staged a strong rebound, lifted by renewed bargain-hunting in BUA Foods, GTCO, and Unilever Nigeria. The rally pushed the All-Share Index (ASI) up 0.82 per cent, or 1,155.32 points, to close at 141,701.01 basis points. Market capitalisation rose to N89.63 trillion, reversing losses […]

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August Sell-Offs Trigger September Caution, Banks Seen as Market Lifeline

temitope adebayo 10 September 2025 0

Investor sentiment on the Nigerian Exchange (NGX) is expected to remain cautious in September 2025, following sustained sell-offs that began in August, analysts at CardinalStone have said. In their latest equity research note titled “Broad-based Gains in Global Equities; NGX ASI Stalls,” the analysts observed that profit-taking in stocks that rallied through early August

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Nigeria’s External Reserves Climb $1.91bn in August to $41.27bn

temitope adebayo 2 September 2025 0

Nigeria’s external reserves rose by $1.91 billion in August to close the month at $41.27 billion, their highest level since 2021, according to latest figures from the Central Bank of Nigeria (CBN). The reserves, which opened the month at $39.36 billion, benefited from successive inflows, providing the country with a stronger buffer against global commodity […]

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GTCO share price crosses N100 as LSE dual listing drives investor demand

DailyTimesNGR DailyTimesNGR 18 July 2025 0

BY TEMITOPE ADEBAYO Guaranty Trust Holding Company Plc (GTCO) has become the first Nigerian banking stock to surpass the N100 mark, following a month-long rally driven by strong investor appetite and renewed confidence after its dual listing on the London Stock Exchange (LSE). The stock, which was valued at N71.50 on June 16, surged by […]

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NCC proposes new flexible licensing framework to boost telecom innovation

DailyTimesNGR DailyTimesNGR 18 July 2025 0

BY MOTOLANI OSENI The Nigerian Communications Commission (NCC) has unveiled a draft General Authorisation Framework designed to foster innovation and support emerging technologies across the nation’s telecommunications landscape. Targeted particularly at startups and digital services not covered by existing licences, the proposed framework seeks to provide a more adaptive

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Insurance stocks add N59bn in H1 as sector capitalisation hits N586.86bn

DailyTimesNGR DailyTimesNGR 18 July 2025 0

The market capitalisation of insurance stocks listed on the Nigerian Exchange (NGX) rose by N59.37 billion in the first half (H1) of 2025, reaching a total of N586.86 billion as of June 30. This marks a significant gain from N527.50 billion at the beginning of the year, reflecting renewed investor confidence in the sub-sector. Data […]

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FG’s tariff freeze pushes power sector subsidy to N1.94trn in 2024-NERC

DailyTimesNGR DailyTimesNGR 18 July 2025 0

BY MOTOLANI OSENI The Federal Government’s decision to freeze electricity tariffs for most consumer categories has triggered a dramatic rise in subsidy spending, with the Nigerian Electricity Regulatory Commission (NERC) reporting that the subsidy bill surged to an all-time high of N1.94 trillion in 2024. According to NERC’s latest report, the freeze—initiated in December