64 m. ago Moody’s flags profitability risks for banks after CBN rate cut

Tribune Online Moody’s flags profitability risks for banks after CBN rate cut Global credit ratings agency Moody’s Investors Service has cautioned that Nigerian banks could face renewed profitability pressures following the Central Bank of Nigeria’s (CBN) recent decision to cut the Monetary Policy Rate (MPR) to 27 percent from 27.5 percent. The CBN said the 50-basis-point reduction was aimed at sustaining disinflation, encouraging credit expansion, and stimulating […] Moody’s flags profitability risks for banks after CBN rate cut Tribune Online

Politics

66 m. ago 2027: Only Jonathan’s enemies will urge him to contest – Oshiomhole

By John Ogunsemore Senator for Edo North, Adams Oshiomhole said only those who do not wish former President Goodluck Jonathan well will encourage him to vie for the presidency in 2027. Oshiomhole stated this during an appearance on on Channels Television’s Sunday Politics. He said seeking re-election in 2027 could damage the ex-president’s legacy as […] The post 2027: Only Jonathan’s enemies will urge him to contest – Oshiomhole appeared first on The Sun Nigeria.

Politics

74 m. ago Princewill, Asari Lift Entrepreneurs, Students In Rivers Community With N110m

  Newly installed traditional head of Da-Ogo Polo in Buguma, Rivers State, Prince Tonye Princewill and the Amanyanabo of the Source, Alhaji Mujahid Dokubo-Asari, have raised the sum of N110 million for the community’s development fund.Thedevelopment fund will be used to support entrepreneurs and students from the community, who are in various tertiary institutions. The […]

Politics

92 m. ago EBID approves $309m for clean energy, industrial projects in West Africa

Tribune Online EBID approves $309m for clean energy, industrial projects in West Africa The ECOWAS Bank for Investment and Development (EBID) has approved a total of $308.63 million to finance strategic projects in clean energy, industrial development, and sustainable growth across the region. The approvals were made during the Bank’s 93rd Ordinary Session, held at its Lomé headquarters under the chairmanship of Dr. George Agyekum Donkor, EBID’s President […] EBID approves $309m for clean energy, industrial projects in West Africa Tribune Online

Politics

99 m. ago EPL: Why I didn’t allow Gyokeres take penalty against West Ham – Saka

Arsenal winger Bukayo Saka has spoken out about taking a penalty in their 2-0 win over West Ham and not giving it to Viktor Gyokeres. Gyokeres has already taken a penalty kick this season, in the victory over Leeds United. However, after Jurrien Timber was fouled inside the area by the Hammers, Saka collected the […] The post EPL: Why I didn’t allow Gyokeres take penalty against West Ham – Saka appeared first on The Sun Nigeria.

Politics

1 hour ago Nigeria needs total digital transformation of electricity sector to boost economy – Atueyi

The Sun At Eko Electricity Distribution Company (EKEDC), JP Atueyi, a specialist in enterprise information technology and transformation, led the digital transformation of Nigeria’s second largest electricity distribution company. Looking back at that experience and in-depth understanding of the electricity industry, he, in this panel interview, dissects Nigeria’s electricity problems, the path forward and the […] The post Nigeria needs total digital transformation of electricity sector to boost economy – Atueyi appeared first on The Sun Nigeria.

Politics

2 h. ago Africa’s prosperity is tied to domestic gas development —Seplat

Tribune Online Africa’s prosperity is tied to domestic gas development —Seplat Seplat Energy says that domestic gas remains the engine of prosperity for Nigeria and Africa in general,  from powering homes, to fuelling industry and providing a cleaner alternative for cooking and transportation. This, the company said, informed its decision to invest heavily  in gas processing capacity devoted to the domestic market, including the ANOH gas […] Africa’s prosperity is tied to domestic gas development —Seplat Tribune Online

Politics

2 h. ago Dangote Refinery commends Tinubu, security chiefs, ministers for averting PENGASSAN disruption

Reaffirms Commitment to Nigeria’s Progress, Workers’ Welfare   Dangote Petroleum Refinery has expressed profound appreciation to President Bola Ahmed Tinubu for his timely intervention in averting what it described as “the disruptive actions of PENGASSAN” against the company. The company, in a statement, said the President’s leadership, through his ministers and senior government officials, ensured […] The post Dangote Refinery commends Tinubu, security chiefs, ministers for averting PENGASSAN disruption appeared first on The Sun Nigeria.

Politics

2 h. ago Digital payment race heats up: Fintechs drive N71.5trn transactions as banks monetise digital growth

Tribune Online Digital payment race heats up: Fintechs drive N71.5trn transactions as banks monetise digital growth Nigeria’s digital payment space is witnessing intense competition as fintechs dominate transaction volumes, while traditional banks focus on translating digital activity into strong revenue growth. According to data from the Nigeria Inter-Bank Settlement System (NIBSS), licensed mobile money operators, including OPay, PalmPay, and Moniepoint, processed a combined N71.5 trillion in transactions in 2024 — a […] Digital payment race heats up: Fintechs drive N71.5trn transactions as banks monetise digital growth Tribune Online

Economics

3 h. ago Reviving the creative economy: CBN, Bankers’ C’ttee inject N68bn to rebirth National Arts Theatre

Tribune Online Reviving the creative economy: CBN, Bankers’ C’ttee inject N68bn to rebirth National Arts Theatre Nigeria’s creative economy entered a new era last week with the commissioning of the remodeled National Arts Theatre in Iganmu, Lagos, now renamed the Wole Soyinka Centre for Culture and Creative Arts. The ambitious N68 billion renovation project, funded by the Central Bank of Nigeria (CBN) and the Bankers’ Committee, has transformed the once-neglected edifice […] Reviving the creative economy: CBN, Bankers’ C’ttee inject N68bn to rebirth National Arts Theatre Tribune Online

Politics

3 h. ago How faith ties, divided allegiance threaten national security – ex

Ayo Balogun, a former Nigerian Air Force officer has raised alarm that terrorism in Nigeria is being sustained not only read more How faith ties, divided allegiance threaten national security – ex-military officer

Politics

3 h. ago At 65, Nigeria is stuck in a vicious circle: It’s time to break it!

President Bola Tinubu cancelled last week’s Independence Anniversary parade at the last minute. No reason was given for the cancellation read more At 65, Nigeria is stuck in a vicious circle: It’s time to break it!

Politics

3 h. ago IMF calls for more stress tests to determine Central Bank capital needs

Tribune Online IMF calls for more stress tests to determine Central Bank capital needs The International Monetary Fund (IMF) has urged countries to adopt regular stress tests for central banks to better determine how much capital they need to maintain financial resilience and institutional credibility. In a new policy blog titled “Stress Tests Can Help Determine How Much Capital Central Banks Need”, IMF economist Romain Veyrune said the approach […] IMF calls for more stress tests to determine Central Bank capital needs Tribune Online

Politics

3 h. ago Experts Call For Prompt Response To Tackle Global Health Challenges

  Biosafety and biosecurity experts in Nigeria  have advocated  a shared responsibility, prevention, detection, prompt response and multi-sectoral approaches to tackle global health challenges. They stated that global health security also requires collective efforts to prevent, detect and respond to public health threats. They made the assertions during the 8th Nigerian Biological Safety Association (NIBSA) […]

Politics

4 h. ago Petroleum Act Boosts Upstream Oil Sector With $40bn Investments

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant milestones in transforming the country’s upstream oil sector since its establishment under the Petroleum Industry Act (PIA) 2021, fuelling growth, investment, and transparency. The commission, which is marking its fourth year in operation this month, highlighted 16 high-impact achievements since its inception. It revealed that […]

Politics

4 h. ago Reforms averted N70trn currency printing through Ways and Means —PCFPT Chairman

Tribune Online Reforms averted N70trn currency printing through Ways and Means —PCFPT Chairman The Presidential Committee on Fiscal Policy and Tax Reforms (PCFPT) has revealed that without the ongoing economic reforms introduced by President Bola Tinubu’s administration, Nigeria would have been forced to print as much as N70 trillion through the Ways and Means window — a move that could have devastated the economy. Chairman of the committee, […] Reforms averted N70trn currency printing through Ways and Means —PCFPT Chairman Tribune Online

Politics

4 h. ago How Nigerians ‘shut down’ New York for Independence Day parade, carnival

Nigerians across the United States on Saturday turned New York into a sea of colour, music, and patriotism as they celebrated the 2025 Nigeria Independence Day Parade and Carnival. The event brought together thousands of Nigerians and friends of Nigeria from across the U.S. and beyond. The parade procession, which stretched from East 38th Street […] The post How Nigerians ‘shut down’ New York for Independence Day parade, carnival appeared first on The Sun Nigeria.

Politics

4 h. ago E1 Lagos GP: We’re committed to boosting tourism, Nigeria’s economy – First Bank

By Kehinde Aderemi First Bank Plc has stressed its commitment to boost Nigeria’s tourism and economy. The Acting Group Head, Marketing and Corporate Communications, Yinka Ijabiyi, who spoke at the grand finale of the three-day E1 Lagos GP at the weekend, said the bank would continue to be involved in driving initiatives that enhance creative […] The post E1 Lagos GP: We’re committed to boosting tourism, Nigeria’s economy – First Bank appeared first on The Sun Nigeria.

Politics

4 h. ago Sani approves N2.3bn for pensioners, families of deceased Kaduna workers

From Noah Ebije, Kaduna Governor Uba Sani of Kaduna State has approved the release of N2.321 billion for the payment of retirement benefits and death entitlements to retirees and families of deceased civil servants across the state. A statement issued in Kaduna yesterday by the Commissioner for Information, Malam Ahmed Maiyaki, said the disbursement covered […] The post Sani approves N2.3bn for pensioners, families of deceased Kaduna workers appeared first on The Sun Nigeria.

Politics

4 h. ago ‘I’ve not heard Tinubu complain about challenges he inherited – UN sec

The United Nations (UN) Deputy Secretary-General Amina Mohammed said she has not heard President Bola Tinubu complain about the challenges he inherited from his predecessor when he assumed office as president. She made the remarks at an award dinner at Nigeria House in New York to celebrate Nigeria’s 65th independence anniversary and the Independence Day […] The post ‘I’ve not heard Tinubu complain about challenges he inherited – UN sec-gen, Mohammed appeared first on The Sun Nigeria.

Politics