Business

By Peter Egwuatu Nigeria’s Net Domestic Assets (NDA), rose by 21.2 per cent, Year-on-Year (YoY) to N94.742 trillion in February 2026 from N78.177 trillion in the corresponding period of 2025. Net Domestic Assets (NDA) represents the Central Bank of Nigeria (CBN)’s domestic claims, including loans to commercial banks, government securities, and domestic investments, excluding foreign assets. It […]

The post Nigeria’s Net Domestic Assets rises 20.3% to N93.8trn appeared first on Vanguard News.

Seplat closed trading on April 14, 2026, at N10,450 per share, representing a staggering 80 per cent gain since January and adding approximately N2.9 trillion in market capitalisation in just four months.

The post ‘Elumelu effect’ drives Seplat to historic N10,000 – First NGX stock to cross barrier appeared first on Vanguard News.

By Obas Esiedesa The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said that Nigeria’s oil production rose by 4.2 per cent to 1.546 million barrels per day (mbpd) in March 2026, compared to 1.483 mbpd recorded in February. In its oil production status report released yesterday, the Commission said crude oil production (excluding condensate) increased by […]

The post Nigeria’s daily oil production rises 4.2% to 1.54mbpd — NUPRC appeared first on Vanguard News.

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has commenced moves to formally conclude the liquidation of 89 defunct Microfinance Banks, MFBs, and Primary Mortgage Banks, PMBs, whose operations were successfully transferred to new owners under its Purchase and Assumption, P&A, framework. In a statement signed by its Head of Communication and Public Affairs, Hawwau […]

The post NDIC commences process to conclude the liquidation of 89 MFBs, PMB appeared first on Vanguard News.