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CBN’s new FX manual may raise Dollar liquidity, enhance market confidence

By Emeka Anaeto, Business Editor The implementation of the fourth edition of the Foreign Exchange Manual by the Central Bank of Nigeria (CBN) recently launched in Abuja and will be taking off on June 1. The new manual is expected to deepen FX transparency, improve liquidity and strengthen market confidence and liquidity. The new policy […]

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Workers under 30yrs dominate pension scheme

•12% of 92m workers in the scheme By Roseamry Iwunze More young workers under the age of 30 years signed into the Contributory Pension Scheme, CPS, in the fourth quarter of 2025, Q4’25, as 44,837 contributors representing 39.03 per cent joined the scheme. This is as total Retirement Savings Accounts, RSAs, rose to 11,042,903 in Q4’25 […]

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FG, 6 states woo investors at ‘Invest in Lagos 3.0’ Summit

The Federal Government and six state governments have urged investors at the ongoing Invest in Lagos 3.0 Summit to channel funds into critical sectors, promising attractive returns and improved business conditions. The summit, themed “Lagos: The Business Gateway to Africa,” featured presentations from representatives of the Presidency and the governors of Lagos, Imo, Abia, Plateau, Taraba […]

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SSB tax threatens 33% manufacturing output, 1.5m jobs — MAN

•Promote healthy consumption without harming businesses — ACCI By Yinka Kolawole & Progress Godfrey Opposition to the proposed increase in excise duties on sugar-sweetened beverages (SSBs) intensified yesterday as the Manufacturers Association of Nigeria (MAN) and the Abuja Chamber of Commerce and Industry (ACCI) warned of severe economic consequences. MAN cautioned that the proposed levy could […]

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UBA wins 2026 ‘Banker Technology’ award for AI innovation, launches upgraded app

United Bank for Africa (UBA) Plc, has been named the winner of the African category at the 2026 Banker Technology Awards, recognised for its innovations in digital payments, e-business, and the use of artificial intelligence to drive seamless cross-border banking across more than 20 African markets. In its assessment of UBA’s winning entry, The Banker noted […]

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