Cardoso: 14 Banks Met New Capital Benchmark The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday disclosed that 14 Nigerian banks have so far fully met the new capital requirement under the apex bank’s ongoing recapitalisation...

NUPRC Withdraws Approval for TotalEnergies’ $860 million Asset Divestment The Nigerian Upstream Petroleum Regulatory Commission has revoked its earlier approval for French oil major TotalEnergies to divest its minority stake in Shell Petroleum Development Company of Nigeria Limited, dealing a...

NGX Extends Bearish Trend as Investors Lose N322bn The Nigerian Stock Exchange on Tuesday sustained its bearish trend as investors retreated from select equities, leading to a total market value loss of N322bn. The Index closed 568.62 points lower at...

Investors Warn as Nigeria Loses N8.41tn to Oil Theft The Nigerian Upstream Petroleum Regulatory Commission says Nigeria lost crude oil valued at a staggering N8.41tn to theft and metering deficiencies between 2021 and July 2025. Although the regulator celebrated recent progress...

FG to Continue Borrowing Despite 411% Revenue Rise, Says FIRS Chair The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Tuesday said the Federal Government will continue to borrow despite its significant revenue inflows in recent months. He...

Proposed PIA Amendment: A Note of Caution By Ben Ekori In spite of the seeming chaos that governs most of what we do in Nigeria, there is an observable symmetry in the way government policies are communicated to the citizenry....