Business

  Charles Okonji (Group Business Editor)   National Pension Commission (PenCom) has disclosed that pension industry assets under management rose from ₦20.79 trillion in July 2024 to ₦31.48 trillion in June 2026, representing an increase of ₦10.69 trillion in less than two years. The Director-General of PenCom, Omolola Oloworaran, disclosed…

      Charles Okonji Nigerian Export Promotion Council (NEPC), in collaboration with the National Association of Nigerian Students (NANS), has launched the Students Trade, Entrepreneurship and Export Programme (STEP-X) to equip Nigerian students with the skills and certifications required to access international markets and promote non-oil exports. The programme…

      Stanley Ihedigbo Commerce and Industry Correspondents Association of Nigeria (CICAN) is set to bring together senior government officials, manufacturers, business leaders, regulators and other key stakeholders to examine the implications of Nigeria’s new tax regime and mandatory Environmental, Social and Governance (ESG) requirements on the country’s business…

        Stanley Ihedigbo   Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against keeping substantial funds with unlicensed financial operators and Ponzi schemes, urging members of the public to entrust their money only to licensed and regulated financial institutions. The Managing Director/Chief Executive of NDIC, Mr. Thompson…

    Stanley Ihedigbo Manufacturers Association of Nigeria (MAN) has welcomed the Central Bank of Nigeria’s decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23 per cent, describing the move as a positive step towards creating a more supportive financing environment for manufacturers. The Monetary…

    Charles Okonji     National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Engr. (Dr.) Jani Ibrahim, mni, OON, has been elected President of the Federation of West African Chambers of Commerce and Industry (FEWACCI). Ibrahim emerged victorious following a keenly contested…

  Stanley Ihedigbo   Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax (PBT) of ₦603.03 billion for the half year ended June 30, 2026, while declaring an interim dividend of ₦1 per share to shareholders. The Group disclosed this in its audited consolidated and separate financial…

    Stanley Ihedigbo   Group Chairman of Nigerian Exchange Group (NGX), Alhaji (Dr.) Umaru Kwairanga has likened Nigeria’s current economic prospects to China in the 1980s, urging global investors to take advantage of emerging opportunities in the country’s infrastructure, solid minerals, agriculture, fintech and tourism sectors. Kwairanga made the…

    Stanley Ihedigbo Key economic regulators, business leaders, investors and market operators are set to converge in Lagos for the 2026 Annual Conference and Awards of the Finance and Business Online Publishers Association (FiBOP), with discussions expected to focus on practical pathways towards Nigeria’s $1 trillion economy target. The…

  Stanley Ihedigbo Socio-Economic Rights and Accountability Project (SERAP) has given the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the apex bank seven days to account for US$6.23 million in allegedly diverted or unaccounted-for election-related funds and more than ₦1.63 trillion in other public funds, or…