54 h. ago Electricity Regulator Seeks Review Of Renewable Agency’s $2bn Fund

The Nigerian Electricity Regulatory Commission (NERC) has called for a review of how the $2 billion currently available to the Rural Electrification Agency (REA) is utilised. This comes as the World Bank, Nigerian government officials, and energy sector leaders have collectively emphasised the urgent need for stronger regulation, better governance, and coordinated reforms to fix […]

Politics

63 h. ago World Bank calls for stronger laws to stabilise Nigeria’s power sector reform

“The role of the regulator in providing transparent and balanced service to both consumers and utilities is central...

Politics

4 d. ago Prioritise Nigeria’s Oil Sector Funding, Upstream Regulator Urges Bank of America

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on Bank of America and other key financial institutions to prioritise funding for Nigeria’s oil sector. According to NUPRC, boosting investments in upstream activities is essential to sustaining production growth and ensuring energy security. The chief executive of NUPRC, Engr. Gbenga Komolafe made this call when […]

Politics

4 d. ago Banks’ Credit To Private Sector Falls In September Amid Rising Govt Borrowing

The Nigerian banking industry’s credit to the private sector declined in September 2025 after maintaining stability for most of the year, as lending to the government rose, data from the Central Bank of Nigeria (CBN) have shown. According to the CBN’s money and credit statistics, credit to the private sector dropped to N72.53 trillion in […]

Politics

5 d. ago Nigeria’s finance sector is entering a new era of digital transformation — Taye Emmanuel

Nigeria’s financial ecosystem is undergoing one of its most profound transformations in decades. Once dominated by traditional banks and manual read more Nigeria’s finance sector is entering a new era of digital transformation — Taye Emmanuel

Politics

6 d. ago Sterling Holdco: A Display Of Strategic Calm In Nigeria’s Banking Sector

The Central Bank of Nigeria’s (CBN) recapitalisation order triggered a wave of public fundraising announcements. Amidst this activity, Sterling Financial Holdings Company Plc stood out for its quiet confidence and steady execution of a pre-meditated plan. The group’s focus was on building a formidable capital base, a task it approached with determined action. The CBN’s […]

Politics

1 week ago Currency outside banks down to N4.45tn, signaling renewed trust in banking sector

Nigeria’s currency outside the banking system declined to N4.45 trillion in August 2025 from N4.49 trillion in July, according to the latest report by Financial Derivatives Company (FDC) Limited. The data, presented by FDC Managing Director, Mr. Bismarck Rewane, at the firm’s September breakfast meeting held at the Lagos Business School (LBS), indicates a modest […]

Politics

2 w. ago UBA launches white paper to unlock $4trn idle capital in Africa

. Elumelu urges African government, private sector to fix electricity Washington D.C || United Bank for Africa (UBA) on Thursday read more UBA launches white paper to unlock $4trn idle capital in Africa

Politics

2 w. ago EU, Nigeria Strengthen Partnership With N320.5bn Credit Support For Agriculture

The European Union’s development cooperation with Nigeria has been strengthened by a N320.5 billion (EUR 190 million) credit line allocated to Nigerian commercial banks and financial institutions to broaden their lending to the agricultural sector. The facility, which the European Investment Bank is providing, was announced at a meeting of the bank’s senior executives and […]

Politics

3 w. ago Strengthened Banking Sector, Inclusive Policies Make $1trn Economy Realisable, Says Central Bank

The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has assured a positive outlook for the country’s economy with the ongoing monetary reforms under his watch in the past two years on the saddle. Cardoso, who gave the indication on Tuesday at the opening of the CBN Fair, at Ibom Hall, IBB Way, Uyo, explained […]

Politics

3 w. ago Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus

Tribune Online Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus Nigeria’s ongoing bank recapitalisation exercise is reshaping the financial sector, with Union Bank, Polaris Bank, and Keystone Bank emerging as prime targets for potential acquisitions or mergers. As the Central Bank of Nigeria (CBN) presses ahead with its March 2026 deadline for compliance with new minimum capital requirements, attention is turning to lenders yet to […] Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus Tribune Online

Politics