Business

…29 states rely heavily on federal transfers …Loans increase despite FAAC’s record inflows Daud Olatunji Nigeria’s 36 states and the Federal Capital Territory (FCT) have increased lending, pushing their overall domestic debt to ₦4 trillion as of September 2025, even as federal allocations to subnational governments continue to rise sharply Data from the Bureau of National Statistics (NBS) shows that …

Noble Energy EG Ltd. (a Chevron company) said Chevron has made the final investment decision (FID) on the Aseng gas monetization project in Equatorial Guinea. The FID follows the execution of the relevant agreements and is awaiting final regulatory approvals. Speaking on the FID, President and CEO of Chevron Nigeria and Central Africa Region, Jim Swartz, noted that the agreements …

President Bola Ahmed Tinubu today postponed his scheduled trip to Iperu, Ogun State to halt operations at the Gateway Cargo International Airport. Instead, he will head to Jos, the capital of Plateau State, to commiserate with the government and people of the state over the recent gun attacks, which claimed the lives of innocent citizens. From Plateau, the President will …

Former Vice President of the House of Representatives, Hon. Ahmed Idris Wase, condemned the recent violence in Plateau State, as well as expressed deep sadness over the recent incidents. Wase described the latest violence as “not only an affront to our common humanity, but also a direct threat to the peace and harmonious coexistence being rebuilt and strengthened in Plateau …

FCMB Capital Markets Limited, the investment banking subsidiary of FCMB Group Plc, has mobilized $1.53 trillion in corporate debt capital in 2025 through bond listings and commercial paper listings on FMDQ Securities Exchange Limited. This achievement placed the firm first in FMDQ’s Fixed Income Primary Markets Sponsor Ranking for the year ended December 31, 2025, underscoring its growing influence in …

…Women dominate new infections across major age groups …Experts advocate for targeted interventions as disparities widen Nigeria has seen a sharp decline in new HIV infections nationwide, but new data has identified Lagos State and Benue State as persistent hot spots, with health experts warning that uneven progress could undermine recent progress. The latest data released Wednesday by the National …

By Ayo Kehinde The ruling All Progressives Congress (APC) has stepped up efforts to prevent Bauchi State Governor Bala Mohammed from defecting to the African Democratic Congress (ADC), in a move that highlights growing political realignments, triggered by recent high-profile defections across the country. The move comes amid growing momentum for the ADC, following the recent entry of former Kano …

The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalization program launched in March 2024. This is made known in a statement released on Wednesday in Abuja, jointly signed by Dr. Olubukola Akinwunmi, Director of Banking Supervision and Mrs. Hakama Sidi-Ali, Acting Director, Corporate Communications Department of the CBN. In the statement, the apex …

Investors in the Nigerian equity market earned N600 billion at the close of trading on Wednesday. This follows a surge in prices of shares such as UPDC Reit, Intenegins and RT Briscoe, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) rose to 201,703.55 points from 201,287.78 points recorded the previous day. After five hours of trading …

The Ketu Intelligentsia Forum has endorsed a former governorship candidate, Gboyega Nasir Isiaka, as its preferred choice for the 2027 Ogun State governorship election under the platform of the All Progressives Congress. The group, in a statement issued in Abeokuta on Wednesday, said the approval followed what it described as a “thorough deliberative process” involving community leaders, youth groups and …