Business

By Peter Egwuatu The Securities and Exchange Commission, SEC has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2926.   The Commission in a notice, outlined  a comprehensive framework that all capital market operators and relevant stakeholders are encouraged to adopt in preparation for this significant […]

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By Udeme Akpan Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report, MOMR, of the Organization of the Petroleum Exporting Countries, Nigeria’s rig count – a major indicator of upstream oil and gas activities – […]

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By Efe Onodjae  Nigerian and other countries in West and Central Africa have committed over $27 billion to port infrastructure expansion projects aimed at strengthening regional trade integration, improving maritime logistics and driving economic growth across the sub-region. Managing Director of the Nigerian Ports Authority, NPA, Dr. Abubakar Dantsoho, disclosed this yesterday during the opening of […]

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By Rosemary Iwunze The National Insurance Commission, NAICOM, has called on insurers to  transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who stated this at the opening ceremony of the Insurance Week 2026, explained that customer-centric model entails actively involving clients in the product development process seeking their […]

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•Sub-Saharan Africa remains  most expensive By  Babajide Komolafe Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard analysis of  data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin for fourth quarter 2025, Q4’25, showed […]

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The Executive Secretary/CEO of the National Sugar Development Council, NSDC, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address unemployment, insecurity and rural community underdevelopment by creating massive jobs and attracting investments to rural communities. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service, NCS, […]

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