Business

The Central Bank of Nigeria (CBN) has issued a deadline for Deposit Money Banks, and other financial institutions under its regulations to complete mandatory cyber security self-assessments as part of efforts to strengthen the country’s financial system. In a letter dated March 30, 2026, and published on its website on Tuesday, the apex bank said, “Institutions are required to submit …

Nigerian states are increasing borrowing despite a sharp increase in allocations by the Federation Account Allocation Committee (FAAC), raising fresh concerns over fiscal sustainability and weak internally generated revenue (IGR) growth. Recent data shows a reversal of the fiscal consolidation trend seen in 2024. According to the National Bureau of Statistics (NBS), states’ domestic debt declined significantly from 5.8 trillion …

*CANCELLATION OF ADC LEADERSHIP BY INEC IS LEGALLY ILLEGAL Festus Ogun, Esq 1. Yesterday, the Independent National Electoral Commission (INEC) said it will no longer accept correspondence from any faction of the African Democratic Congress (ADC) led by David Mark or Rafiu Bala, following the review of the Court of Appeal ruling on 12 March. INEC also removed the National …

The Central Bank of Nigeria (CBN) has announced the success of its landmark banking sector recapitalization program, which began in March 2024. According to the apex bank, over a 24-month period, Nigerian banks raised a total of 4.65 trillion in new capital, strengthening the resilience of the financial system and increasing its capacity to support the economy. According to statements …

Post views: 11 By Silvernews The Sports Writers Association of Nigeria (SWAN), Imo State Chapter, has congratulated Sir Kelechi Mejuobi on his emergence as the Acting President of the Nigeria Football Referees Association (NFRA). In a press release signed by its secretary, Tunde Liadi, the association described Mejuobi’s rise as well-deserved, stressing that it reflects his wealth of experience, …

…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 …