NEC Secretariat Gets N7.9bn Amid Funding Shortfalls for Agencies The Federation Accounts Allocation Committee (FAAC) approved the disbursement of N7.895bn as funding for the operations of the Secretariat of the National Economic Council in 2025, despite widespread complaints by Ministries,...

30 Banks Hit Recapitalisation Target Ahead of March Deadline   Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday. The CBN said the recapitalisation exercise,...

SAS Foundation Launches Ramadan Food Distribution for 10,000 in Ilorin, Urges Prayers for Peace in Kwara   As part of its annual Ramadan initiative, the Saleeman Adedoyin Saleeman (SAS) Foundation has launched a food distribution programme aimed at providing relief and...

Banks' Credit to Manufacturers Declines by 20% to N60.4trn   Nigerian deposit money banks disbursed a total of N60.35tn in credit to the manufacturing sector in the first nine months of 2025, a 20.44 per cent decline from the N75.86tn recorded...

FG Launches $750m Mini-Grid Solar Power Project The Federal Government is implementing what has been described as the largest publicly funded renewable electricity programme in the world, aimed at expanding power access through mini-grids, solar infrastructure, and off-grid electrification projects...

Cashless Policy to Stay, Says FAAN Amid Airport Turmoil The Federal Airports Authority of Nigeria (FAAN) has insisted that the cashless payment policy at Nigerian airports will remain in place, despite the confusion and complaints that trailed its recent rollout. Speaking...