Author: Ogochukwu Ndubuisi

BoI Secures CBN Approval to Operate Non-Interest Banking Window The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window. Announcing the milestone on Sunday in Lagos via a statement, Managing Director, BoI, Dr Olasupo Olusi, said the development marked a significant milestone in the bank’s growth and long-term development agenda. Olusi said the approval authorises BoI to commence non-interest banking operations. According to him, it positions the bank to further advance Nigeria’s sustainable and inclusive industrial development through tailored financial solutions for underserved and high-impact business segments. Olusi noted that the NIB operations would enable BOI to drive inclusive…

NCC Committed to Regional Digital Integration – Maida The Nigerian Communications Commission (NCC), in line with its commitment to collaboration and regional integration, has reaffirmed its dedication to strengthening partnerships among telecommunications regulators within the West African sub-region. The Executive Vice Chairman of NCC, Dr. Aminu Maida re-affirmed the commitment when the Commission hosted a high-level delegation from the Liberia Telecommunications Authority (LTA) at the NCC’s Head Office in Abuja at the weekend. Speaking during the LTA’s visit, Maida, who was represented by the Director of Corporate Planning, Strategy and Risk Management at NCC, Dr. Kelechi Nwankwo, emphasized the Commission’s…

Ghana Recalls High Commissioner to Nigeria President John Mahama of Ghana has recalled the country’s High Commissioner to Nigeria, Baba Ahmed, over alleged links to electoral malpractices in Ghana’s parliamentary election primaries for Ayawaso East Constituency. A statement issued by the Ghanaian Presidency on Saturday in Accra, explained that Ahmed, an aspirant, was recalled due to his alleged role in election malpractice as a serving public officer. According to the statement, the recall takes effect immediately, and the decision is intended to avoid any perception of impropriety or conflict with the Government’s Code of Conduct for Political Appointees. It stressed…

CPPE Cautions Against Premature Compulsory Value-Addition Policies Centre for the Promotion of Private Enterprise (CPPE) has cautioned against the adoption of compulsory domestic value-addition policies without adequate processing capacity. According to CPPE founder, Dr Muda Yusuf, such measures can distort commodity markets and undermine Nigeria’s non-oil export growth. He made this known on Sunday in Lagos via a statement. Yusuf acknowledged the growing policy emphasis on domestic value addition as a pathway to industrialisation, job creation, export diversification and improved foreign-exchange earnings. He affirmed that efforts to move Nigeria up the value chain in the production and export of primary…

Selloffs in tech stocks were the focus of headlines in global equity markets, with major companies experiencing notable volatility due to worries over AI-related expenditure plans.

Nigerian Bourse Hits N110trn as NGX Market Movers Move The Nigerian Exchange (NGX) hit N110 trillion mark on Friday as market movers moved positively on Friday, led by Dangote Cement, MTN Nigeria, and others. The bargain hunting in key stocks boosted the equities market performance indicators; the NGX All-share index and market capitalisation appreciated by 1.01% on Friday. Stockbrokers said the all-week-long rally was primarily driven by investors’ upbeat confidence, displayed in their positive trading activities and sustained buying interest in midcap and blue-chip stocks. Notable gainers included ARADEL, DANGCEM, MTNN, NESTLE, WAPCO, among others, across key market sectors. Consequently,…

Central Bank, NCAC, Others to Support ACFTA Fest The Central Bank of Nigeria (CBN), National Council for Arts and Culture (NCAC) and other stakeholders have pledged support for the 2026 African Continental Free Trade Area Festival (ACFTA Fest). They made the commitments at the official launch of the ACFTA Fest on Friday in Abuja. Dr Ifeoma Ezike, Assistant Director, Monetary Policy Department, CBN, expressed optimism about Nigeria’s growth potential and development, adding that Nigeria has the potential to be a great nation. “On behalf of the CBN, I congratulate the organisers, and I want to reiterate the unwavering support of…

Edo Govt., NNPC Partner to Establish 10,000-bpd Condensate Refinery The Edo Government and the Nigerian National Petroleum Corporation (NNPC) Limited say they will collaborate to establish a 10,000 barrels-per-day condensate refinery in the state. Dr Patrick Ebojele, the Chief Press Secretary to Gov. Monday Okpbeholo, disclosed this in a statement issued in Benin and made available to newsmen, on Thursday. Ebojele stated that the refinery would be sited across Oredo and Orhionmwon LGAs. He added that the facility was slated for completion between 24 months and 36 months. According to the State Government, once it becomes operational, the refinery would…

UN Launches $400m Appeal for 2026 UN High Commissioner for Human Rights, Volker Türk, has launched a $400 million appeal for 2026 as his office (OHCHR) continues to operate “in survival mode”. Türk, who launched the appeal on Thursday in Geneva, said human rights couldn’t wait. He, however, warned Member States that with crises mounting, the world couldn’t afford a human rights system in crisis. “The cost of our work is low; the human cost of under-investment is immeasurable,” he said. “In times of conflict and in times of peace, we are a lifeline for the abused, a megaphone for…

Know Your Data Rights to Avoid Exploitation, NCC Urges Nigerians The Executive Vice-Chairman (EVC), Nigerian Communications Commission (NCC), Dr Aminu Maida, has urged Nigerians to know their data rights in order to avoid exploitation. Maida made the call during the signing of a Memorandum of Understanding (MoU) between NCC and Nigerian data protection commission on Thursday in Abuja. He said that data protection was key to the sovereignty of the country. “Somebody is monetising your data. But it will get to a point where you should also have your rights to either agree or disagree on the usage. “You are…