The Federal Government (FG) and the Bank of Agriculture have distributed more than 2,000 tractors. And heavy-duty equipment to mechanized farmers. This initiative aims to increase agricultural production and strengthen national food security. The announcement made by the Minister of Agriculture and Food Security, Senator Abubakar Kyari. And the Managing Director of the Bank of…
United Bank for Africa (UBA) Plc, Africa’s Global Bank, has introduced a diaspora banking and investment platform to serve Africans living and working worldwide, as well as within the continent. This platform, developed in partnership with leading ecosystem players. Such as United Capital, Africa Prudential, UBA Pensions, Afriland Properties, Heirs Insurance Group, and Avon Healthcare…
The Abia State Government, Governor Alex Otti has announced plans to begin clearing long-standing salary arrears. Owed to former Local Government councillors. This initiative targets those who served between 1999 and 2022 and is part of the administration’s broader effort. To address inherited financial and governance challenges. Governor Alex Otti shared this update during a…
Micro, small, and medium enterprises (MSMEs) in Nigeria are losing an estimated N5 trillion to N10 trillion annually. Due to employee fraud and workplace corruption. This alarming trend was revealed by the Centre for the Promotion of Private Enterprise (CPPE). In a statement shared with on Sunday. The policy think-tank described it as one of the…
The Dangote Petroleum Refinery supplied 40.1 million litres of petrol per day in January 2026. This amount represented 62 percent of Nigeria’s total daily petrol supply of 64.9 million litres. Importers provided the remaining 24.8 million litres per day. The Nigerian Midstream and Downstream Petroleum Regulatory Authority released these figures in its monthly report. Surge…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN). Demanding a full explanation for an alleged N3 trillion in missing or diverted public funds. The lawsuit also seeks clarity on the reported payment of N629 billion to “unknown beneficiaries” under the Anchor Borrowers’ Programme. In a…
The African Development Bank Group has approved a $200 million loan to promote climate-smart, technology-driven agriculture in Nigeria. However, In a statement, the Bank outlined its plans to enhance food security. Boost agricultural productivity, and strengthen value chains across the country. The funding will support the second phase of the Federal Government’s National Agricultural Growth…
GLNG Funding SPV PLC has launched an offer of up to N7.5 billion under its N30 billion Commercial Paper Programme. This marks the company’s third venture into Nigeria’s short-term debt market. Previously, its Series 1 issuance in July 2025 was oversubscribed by 3%, while the Series 2 and 3 issuances in December 2025 were oversubscribed by 11%. Also, The current offer opened…
Nigeria has secured a permanent seat on the Board of the African Central Bank (ACB). Marking a significant step forward in Africa’s financial integration efforts. This announcement was made in a statement by Kimiebi Imomotimi Ebienfa. Spokesperson for Nigeria’s Ministry of Foreign Affairs, on Friday in Abuja. The achievement is part of the diplomatic and…
The Okomu Oil Palm Company Plc reported a pre-tax profit of N87.3 billion for the year ending December 31, 2025, as per its recently released unaudited financial statements. This marks a 63.64% increase from the N53.3 billion recorded in 2024. However, fourth-quarter pre-tax profit dropped to N3.2 billion, compared to N12.5 billion in the same period last year. The Okomu Oil Palm company’s strong…
