The Ogun State Commissioner for Finance and Chief Economic Adviser to the Governor, Dapo Okubadejo, on Tuesday said the state’s debt profile currently stands at about N494bn. Okubadejo noted that while local debt rose from N133bn in 2019 to N194bn as of December 2025, foreign debt increased from N33bn in …
Read More »Popoola advocates for collaborative alignment to drive sustainable capital at IFC Cairo Conference
Temi Popoola, GMD/CEO of NGX Group, called for deeper collaboration among regulators, exchanges, and international partners to unlock sustainable capital flows in emergingmarkets, noting the need for stronger ESG disclosure frameworks, policy consistency, and coordinated market infrastructure. Highlighting Nigeria’s progress, he referenced the country’s expanding green and sustainable bond …
Read More »5G adoption stalls at 3% as 4G retains majority share – NCC
Nigeria’s 5G rollout remains slow, with subscriptions standing at 3.17 per cent as of August 2025, while 4G accounts for 51.22 per cent of total mobile connections. According to the Nigerian Communications Commission (NCC), 2G still represents between 38 and 40 per cent of subscriptions, while 3G usage continues …
Read More »N328.5bn Billing: How Political Patronage Built Lagos’ Agbero Shadow Tax Empire
BY BLAISE UDUNZE Lagos prides itself as Africa’s commercial nerve centre. It markets innovation, fintech unicorns, rail lines, blue-water ferries, and billion-dollar real estate. Though with the glittering skyline and megacity ambition lies a parallel state, a shadow taxation regime run not from Alausa, but from motor parks, bus stops, …
Read More »Aliko Dangote Foundation Spends N1.5bn on Bayero University’s PG students
Aliko Dangote Foundation (ADF), chaired by Africa’s wealthiest man, Aliko Dangote, has signed a Memorandum of Understanding (MoU) worth N1.5 billion with Bayero University Kano (BUK), for post-graduate students of the Dangote Business School located in the tertiary institution. The MoU, which was signed at the main auditorium of the …
Read More »Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information. On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial …
Read More »GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their …
Read More »Dangote Signs $400 Million Equipment Deal to Fast Track Refinery Expansion
… to become number one construction company in the world Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from …
Read More »Polaris Bank Launches Global Gift Card Feature on VULTe
Polaris Bank, through its digital lifestyle platform VULTe, has introduced a faster, smarter way for users to send love, appreciation, and rewards across borders with the launch of its new Gift Card feature, enabling customers to deliver global brand gift cards to family and friends anywhere in the world …
Read More »GTCO Reinforces Commitment to Sport Development as Lagos STL Triumphs at 2026 NPA Lagos Polo Tournament
Lagos, Nigeria – Guaranty Trust Holding Company Plc has reaffirmed its commitment to advancing sports development in Nigeria and across Africa following the thrilling conclusion of the 2026 NPA Lagos International Polo Tournament, where Lagos STL emerged champions of the prestigious Majekodunmi Cup. As headline sponsor of one of …
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