Author: Ogochukwu Ndubuisi

Senate to Pass N58.trn 2026 Budget March 17 The Senate on Friday fixed March 17 for final consideration and passage of the N58. 472 trillion 2026 budget. The Senate Committee on Appropriations, at a special session held in Abuja, fixed Feb. 2 to Feb 13 for consideration of the budget estimates at committee levels. Chairman of the committee, Sen. Solomon Adeola, also fixed Feb. 9 for public hearing on the budget proposal. According to Adeola, a Professor of Economics from University of Lagos, Wasiu Adeoye, will make a power-point presentation during the hearing on the budget. He gave the topic…

ECOWAS Bloc Hits 4.6% Growth Amid Global Economic Headwinds — President ECOWAS President, Dr Omar Touray, says the bloc recorded 4.6 per cent economic growth in 2025, in spite of global economic challenges, and envisages 5 per cent growth in 2026. Touray disclosed this on Thursday in Abuja during a meeting with development partners, while highlighting the commission’s 2025 Annual Report. He said that ECOWAS outperformed the continental average in 2025 through structural reforms, rising investment in mining and energy, improved regional trade facilitation, and a strong rebound in services, transport and tourism. “This robust performance is driven by structural…

Linkage Assurance PBT Slides to N4.32bn as Insurance Revenue Rises Linkage Assurance Plc on Thursday reported a profit before tax (PBT) of N4.32 billion for its unaudited 2025 financial year, down from N5.28 billion recorded in 2024. This is according to a corporate disclosure by the company through the Nigerian Exchange Ltd. on Thursday. The company’s profit after tax (PAT) also fell to N4.02 billion from N5.5 billion in the previous year, in spite growth in the company’s core insurance operations. Insurance revenue rose by 24 per cent to N27.6 billion in 2025, up from N22.2 billion in 2024. The…

Experts warn that data breaches and cybercrime are causing havoc worldwide, with estimated annual costs reaching a staggering 10.5 trillion dollars.

Bitcoin (BTCUSD) fell 5.54% over the last 24h to around $84k, underperforming the broader cryptocurrency market’s 5.04% drop. The decline has knocked down global market capitalisation below $3 trillioin, as Ethereum and other top altcoins plunged.

BUA Foods Plc., the most valuable fast-moving consumer goods (FMCG) company on the Nigerian Exchange

Jide Sipe, Abiodun Coker of UBA, Others Emerge as ACAMB Executives The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has ushered in a new executive council, with a strong representation from leading financial institutions, to steer its affairs for the 2026-2028 term. The election, held during the association’s Annual General Meeting in Lagos on Thursday, saw seasoned professionals from across the banking landscape elected to key positions. The newly constituted executive includes Babajide Sipe of the Bank of Industry as President; Chinwe Bode-Akinwande of FirstBank as First Vice President; Morolake Philip-Ladipo of Wema Bank as Second Vice…

Fayemi Dismisses Claim of ‘Closed-Door Meeting’ with Kwankwaso Former Governor of Ekiti State, Dr Kayode Fayemi, has denied reports alleging that he held a closed-door political meeting with former Kano State Governor, Sen. Rabiu Kwankwaso, in Abuja. Fayemi denied the report in a statement by Mallam Ahmad Sajoh, Head, Fayemi Media Office, on Thursday in Abuja. The statement described the report as false and misleading, urging the public to disregard what he termed a blatant lie circulated on social media. It said the allegation, which surfaced on X (formerly Twitter) through some social media handles, was accompanied by an old…

The Banking index drove momentum on the Nigerian Exchange (NGX) on Thursday as investors increased bets on Nigerian lenders amidst the fourth quarter of 2025 earnings releases. 

US, Nigeria Sign Commercial, Investment Partnership to Deepen Trade Ties The United States and Nigeria on Thursday signed a Commercial and Investment Partnership (CIP) aimed at strengthening bilateral trade and investment, with priority sectors including agriculture, the digital economy, and infrastructure. Speaking at the ministerial briefing in Lagos, Mr Bradley McKinney, Deputy Assistant Secretary for the U.S. Commercial Service at the U.S. Department of Commerce, described the agreement as a major milestone in U.S.–Nigeria economic relations. “It is a privilege to be here in Lagos for this pivotal U.S.–Nigeria Commercial and Investment Partnership ministerial meeting,” he said. McKinney noted that…