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Wealthy donors are being urged to step up in the wake of huge cuts to official development assistance, writes Lennox Yieke.

By Elizabeth Adegbesan The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks, in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks (DMBs), Payment Service Banks, Microfinance Banks, fintechs and […] The post CBN orders banks, fintechs to submit Cybersecurity report in 3 weeks appeared first on Vanguard News.

Authorities announced a reduction of the general fuel levy by three rand per litre, a measure aimed at cushioning the impact of soaring global oil prices linked to the Iran war. However, the relief has done little to offset one of the steepest pump price increases on record.

Emma Ujah, Abuja Bureau Chief Nigeria and other African countries must urgently address the $88 billion in annual Illicit Financial Flows (IFFs), the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, has said. Speaking at the opening of the 5th Sub-Committee on Tax and IFFs of the African Union’s Specialized Technical Committee […] The post We must urgently tackle Africa’s $88bn illicit financial flows — Edun appeared first on Vanguard News.

By Udeme Akpan, Energy Editor Nigeria’s oil exploration declined by 45 per cent month-on-month (MoM) in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that the nation’s rig count  a key indicator of upstream oil and gas activity  fell to 22 in February 2026, down from 40 recorded […] The post Nigeria’s oil exploration drops 45% on limited activities appeared first on Vanguard News.

Nigeria’s industrial and financial heavyweights, The Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, UBA  Tony Elumelu  have moved to deepen   partnership to drive Nigeria’s industrial growth.  In line with the partnership, the Rabiu recently hosted Elumelu, and his executive management team at BUA Group’s corporate headquarters in […] The post Rabiu, Elumelu drive industrial growth as BUA foods hits N1.77tn revenue appeared first on Vanguard News.

By Peter Egwuatu Guaranty Trust Holding Company Plc , GTCO, has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, up by 22.8%   from N1.321 trillion recorded in the corresponding period 2024. The company also declared a dividend of N12.76 per share for the financial year 2025. The results released […] The post GTCO’s profit up 23.2% to N1.23 trn appeared first on Vanguard News.

By Udeme Akpan The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it […] The post Dangote Refinery secures $4bn syndicated loan, Afreximbank underwrites $2.5bn appeared first on Vanguard News.

By Peter Egwuatu  Nigeria’s stock market ended the first quarter of 2026 on a high note, with investors making massive gains of over N29 trillion in just three months. The strong performance comes amid ongoing economic reforms in the country. The total value of all listed companies on the Nigerian Exchange Limited (NGX), known as market capitalization, […] The post STOCK MARKET: Investors reap N29trn in 3mths amid economic reforms appeared first on Vanguard News.

Nigeria’s total debt stock is set to rise to N155.1 trillion, following an additional $6 billion loan request by President Bola Tinubu, hurriedly approved by the Senate yesterday. The post Nigeria’s debts to hit N155trn as Senate approves FG’s $6bn loan request appeared first on Vanguard News.