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…
Infinity Trust Mortgage Bank Plc has announced plans to pay a dividend of 35 kobo per ordinary share for the 2025 financial year. The bank also approved a one-for-one bonus share issue, reflecting its strong financial performance. These decisions revealed in a corporate filing with the Nigerian Exchange (NGX) on Thursday. February 12, 2026, following…
Over the past week, cryptocurrency investors removed 330,000 Ethereum tokens from centralized exchanges. This withdrawal amounts to approximately $660 million in assets. According to on-chain data from Santiment, shared by crypto analyst Ali Charts, these outflows occurred over seven days, ending on February 11, 2026. Ethereum’s Price and Exchange Balances Ethereum is currently trading below…
The Senate Committee on Special Duties on Wednesday rejected a proposed N127 million allocation for the purchase of an SUV for Aso Villa, describing the amount as “totally unacceptable.” Lawmakers announced the decision during the budget defence of the Ministry of Special Duties and Intergovernmental Affairs, led by Minister Zephaniah Jisalo. ‘It Cannot Buy a…
Stanbic IBTC has cautioned that external factors, such as oil price volatility and global political uncertainty. Could disrupt Nigeria’s economic growth in 2026, despite improvements in the country’s macroeconomic fundamentals. This warning came from a team of investment analysts at Stanbic IBTC Asset Management Limited. Led by Mr. Abdul Azeez, during a virtual review of…
Japaul Gold & Ventures Plc has announced the appointment of Abubakar Lawal, a seasoned finance professional, as a Non-Executive Director. However, The announcement was made in a notice signed by the Company Secretary, Chidimma Okolo, on Wednesday, February 11, 2026. The company described this appointment as a pivotal step in its growth journey. It aims…
