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Lagos gov., Sanwo-Olu, others advocate alternative financing as Nigeria’s growth engine at AltBank’s ‘Beyond Interest’ forum
From left): Korede Demola-Adeniyi, Executive Director, The Alternative Bank (AltBank); Babatunde Raji Fashola, former Governor of Lagos State & former Federal Minister of Works and Housing, and Abubakar Suleiman, Non-Executive Director, Sterling Financial Holdings Company Plc at AltBank’s ‘Beyond Interest’…
Strong H1 2026 report firms Sterling Financial among NGX top five gainers
Investors kept faith with the Sterling Financial Holdings Company Plc, Thursday, lifting its shares up by 7% and into the ranks of the Nigerian Exchange (NGX) top gainers, days after the HoldCo unveiled a stronger set of half-year results. Sterling…
CBN places four banks ‘under close regulatory supervision’ over failure to meet March 31 recapitalisation deadline
Central Bank of Nigeria (CBN) says it has placed four commercial banks under ‘close regulatory supervision’ over their failure to meet the March 31, 2026 recapitalisation deadline set for various categories of operators in the country. CBN it would be…
Economy
FG floats fiscal incentives for deepwater petroleum projects
The Federal Government has approved a new fiscal framework for petroleum investment incentives aimed at unlocking up to $50 billion in investments and reviving major deep offshore oil and gas developments that have remained stalled for years. The reform comes…
NLNG: Turning flares to wealth, shrinking industry’s footprint on environment
Nigeria’s oil and gas industry has long been judged by the volume of hydrocarbons extracted and exported, but the more consequential measure of its value to the country is increasingly the economic, social and environmental footprint it leaves behind. By…
Lagos, Rivers, FCT top list for Nigeria’s N4.52trn domestic debt in Q1 2026
Debt Management Office (DMO) has disclosed that the states of Lagos and Rivers, as well as the Federal Capital Territory (FCT) jointly account for 43.27 per cent of the country’s total N4.52 trillion debt stock in Q1 2026. According to…
News
Politics
FG, Southeast governors unite against regional insecurity
The Federal Government, South-East governors and other key stakeholders have agreed to deepen collaboration to address the persistent insecurity confronting the South-East, with a renewed commitment to intelligence sharing, coordinated operations and stronger community engagement. The resolution emerged at the…
Diezani: When spirited woman is caught in the web of power
Sopuruchi Onwuka The acquittal of former Petroleum Minister Diezani Alison-Madueke by a London jury after more than a decade of investigations and legal battles has reopened a larger conversation about one of the most consequential and controversial figures in the…
Tinubu signs NIMC Act 2026 into law, as NIN becomes Nigeria’s foundational identity credential
President Bola Tinubu has signed the National Identity Management Commission (NIMC) Act, 2026, into law, as the new legislation repeals and replaces the old NIMC Act of 2007. According to the Presidency, Friday, the new law ushers in a comprehensive…
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