Author: Ogochukwu Ndubuisi

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…

Tax Laws not Adultrated – Akpabio Senate President, Godswill Akpabio, has said that the tax laws which took effect in January were not adulterated. Akpabio made the clarification during plenary on Wednesday, dismissing speculations that there were other versions of the laws in circulation. He said: “I understand that there is another version that was circulating around, which was not in compliance with what was contained in our votes and proceedings. “There is no adulteration. So I mean at this stage now, you can feel bold enough to discard anything that is to the contrary. “There are about four Acts.…

Diezani Collects GBP100k in Cash as Bribe, UK Prosecutor Tells Court The prosecutor, Alexandra Healy, in the ongoing trial of former petroleum minister Diezani Alison-Madueke, on Tuesday told the Crown Court in Southwark, England, that the ex-minister accepted bribes from industry figures seeking lucrative oil and gas contracts in Nigeria. Healy, who was addressing the jury at the opening session of the trial, also claimed that Alison-Madueke received £100,000 ($137,680) in cash, as well as accepting flights on private jets, chauffeur-driven cars, and luxury goods from Louis Vuitton and Harrods. The 65-year-old former minister was arraigned before the court on…

ECA, Nigeria Strengthen Capacity to Curb Illicit Financial Flows The United Nations Economic Commission for Africa (ECA), in collaboration with the Federal Ministry of Finance of Nigeria, concluded a five-day capacity-building workshop on the estimation of illicit financial flows (IFFs), aimed at strengthening Nigeria’s ability to detect, measure, and curb revenue losses arising from trade mis-invoicing. The workshop held in Abuja brought together officials from key national institutions, including the Federal Ministry of Finance, Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), National Bureau of Statistics (NBS). Others are Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission…

The naira recorded its largest daily gain since the beginning of the year at the Nigerian foreign exchange market on Tuesday, as US dollar supply eclipsed demand for foreign payments. 

Buying interest in Fidelity Bank, Access Holdings, and some other risers drove momentum in the Nigerian stock market on Tuesday, pushing key performance indicators higher by 0.12%.

Naira Touches N1,400 per Dollar in Nigerian Currency Market The naira appreciated sharply against the US dollar at the official window on Tuesday, supported by enhanced liquidity in the forex market. The official rate touched N1,400 per dollar on Tuesday, for the first time since the FX reforms, signifying reduced pressure and rising investors’ confidence in the local forex market. The Central Bank of Nigeria (CBN) daily fx report revealed that the naira gained 1.27% to ₦1,401.22/$.  According to channel check, the local currency also appreciated by 0.33% to ₦1,476/$ in the parallel market. The trend reflects improved currency sentiment…