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The Federal Government has proposed something Nigeria’s housing market has long needed. Under the National Housing and Built Environment Regulation Policy announced by the Minister of Housing and Urban Development, Engr. Muttaqha Rabe Darma, developers would no longer be able…
Read moreZenith Bank stands out as Nigeria’s best-in-class lender not simply because of the size of its balance sheet, but because of what it has consistently produced from that balance sheet: industry-leading profit, strong capital buffers, rising shareholder returns and an…
Read moreConsumer credit outstanding fell by 19.89% to N3.78 trillion in 2025 from N4.72 trillion in the preceding period, marking the first decline since December 2019, according to the Central Bank of Nigeria (CBN). The post Nigeria’s consumer credit falls to…
Read moreThe Asset Management Corporation of Nigeria (AMCON) recorded a 29.8% decline in total assets to N1.29 trillion in 2025, down from N1.84 trillion in 2024, as it continued to wind down its intervention portfolio and repay obligations linked to the…
Read moreThe OpenAI artificial intelligence agent that broke into Hugging Face’s systems earlier this month also compromised a customer at another firm, Modal Labs, expanding the known footprint of the incident beyond what had previously been reported. The post OpenAI rogue…
Read moreOkomu Oil Palm Plc reported a pre-tax profit of N58.99 billion for the six months ended June 30, 2026, down 12.03% from N67.05 billion in the corresponding period of 2025. The post Okomu Oil H1 2026 pre-tax profit falls 12%…
Read moreIf you’ve been following the tax changes in Nigeria, one of the biggest shifts in the 2026 reforms is how Value Added Tax (VAT) is now being shared. Before the reform, VAT was mostly tied to the state where a…
Read moreZichis Agro-Allied Industries Plc has reported a profit before tax of N478.7 million for the first half of 2026, representing a 448.6% increase from the corresponding period of 2025, driven by strong revenue growth across its agricultural and poultry business…
Read moreThe Central Bank of Nigeria (CBN) imposed N430 million in penalties on financial institutions in 2025 over delays in resolving customer complaints and failure to comply with its directives, underscoring a tougher regulatory stance on consumer protection in the banking…
Read moreThe Bank of Industry (BOI), the Implementing Agency for the Investment in Digital and Creative Enterprises (iDICE) Programme of the Federal Government of Nigeria, has launched two dedicated debt-financing windows to expand access to affordable growth capital for startups in…
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