By Babajide Komolafe The Central Bank of Nigeria, CBN, yesterday, said that the Composite Purchasing Managers’ Index, PMI, rose to 56.4 points in November, marking the twelfth consecutive month of expansion in economic activity. According to the PMI report for November released by the apex bank on Monday 29 out …

First City Monument Bank (FCMB) has been named Nigeria’s ‘Best SME focused Bank’ for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). This recognition comes as FCMB holds a leading 24% share of the banking industry’s ¦ 1.8 trillion total SME disbursement for 2024. The award was presented …

By Obas Esiedesa, Abuja The Federal Government, yesterday, unveiled 50 oil and gas blocks for bidding, targeting about $10 billion in fresh investments and an additional 400,000 barrels per day in national production. In the long term, the government hopes to deliver 10 billion barrels of oil over the next …

•As non-oil sector contributes 96% By Elizabeth Adegbesan Nigeria has recorded growth  at 3.98% in its Gross Domestic Year-on-Year (YoY). It went up significantly to 4.23% in the second quarter of 2025 (Q2’25) and now reversing to 3.98% in Q3’25. On Quarter-on-Quarter (Q-o-Q) reversal in economic growth rate, the National Bureau …

ECOBANK Nigeria Limited has announced the launch of a tender offer for its outstanding $300,000,000 7.125 per cent senior note participation notes due 2026 (Rule 144A ISIN: US26824MAB63; Reg S ISIN: XS2297197266). On the date of this announcement, $150,000,000 of The post Ecobank announces tender offer for outstanding 2026 senior …

New business orders by the private sector expanded sharply in November, sustaining over a year of continuous growth and driving the purchasing managers’ index (PMI) to 53.6 points, an indication of steady improvement in business conditions, despite a slight easing The post Companies expand inventory ahead of yuletide as business …

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Sunday, has called on the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to deepen collaboration with the Corporation to safeguard bank depositors. The NDIC boss, who stressed The post NDIC seeks NIESV’s collaboration to protect bank depositors …

Les suites de la brouille entre les États-Unis et l'Afrique du Sud. Depuis son arrivée à la Maison blanche, le président américain Donald Trump accuse Pretoria de « persécuter la minorité blanche », parlant même de « génocide blanc ». « Il s'agit d'une désinformation flagrante à propos de notre …

Nigerian startup, MYai Robotics, has unveiled Curation AI, the world’s first real-time content-authentication and opinion-intelligence engine, a global tech breakthrough powered significantly by Nigerians, who constitute 80 per cent of the engineering team. In an era where misinformation spreads faster The post Nigerian startup builds AI to aid real-time content …

•Says Nigeria loses N6tr yearly to oil rig tax evasion Olisa Agbakoba Legal (OAL) has urged the Federal Government to urgently implement reforms already outlined in the National Policy on Marine and Blue Economy (2025–2034) to unlock the N70 trillion The post ‘FG must unlock N70tr yearly maritime revenue to …