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Nigeria Lifts FX Restrictions, Allows Oil Firms Full Access to Export Proceeds

  Nigeria’s Central Bank has scrapped a rule that required international oil companies to temporarily retain part of their export earnings, allowing them to repatriate all proceeds in a move aimed at boosting liquidity and restoring confidence in the foreign exchange market.   The change reverses a restriction introduced in February 2024 during acute dollar […]

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Nigeria’s Banking Giants Outperform African peers with $1.8 Billion Brand Value 

  Nigeria’s largest lenders have recorded the fastest brand value growth among their African peers in 2026, underscoring the far-reaching impact of a sweeping recapitalisation drive reshaping the country’s financial sector.   According to a BusinessDay analysis of the latest report by Brand Finance, the combined brand value of the country’s top five banks—Access Bank, […]

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Dangote Refinery Denies IPO Speculation, Urges Public To Disregard Unverified Reports

    Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO).   The company said several online platforms and unofficial sources have published unverified and, in some cases, inaccurate information about a possible offering, stressing that such […]

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Northern Governors Report Security Gains, Push for Sustained Action

Governors under the Northern States Governors’ Forum (NSGF) have announced what they described as noticeable improvements in the security situation across Northern Nigeria, despite ongoing insecurity challenges in parts of the country. The Chairman of the Forum and Governor of Gombe State, Muhammadu Inuwa Yahaya, made the disclosure in Abuja during a meeting of the […]

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Kwankwaso’s Defection to ADC Political Game-Changer, Says Party

The African Democratic Congress (ADC) has reacted to the defection of former Kano State Governor and 2023 presidential candidate of the New Nigeria Peoples Party (NNPP), Senator Rabiu Musa Kwankwaso, describing the development as a significant political shift ahead of the 2027 general elections. According to the party, the move represents more than a routine […]

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NUC Tightens Rules on Honorary Degrees in Nigerian Universities

The National Universities Commission (NUC) has introduced stricter regulations governing the award of honorary degrees in Nigerian universities, including a prohibition on recipients using the “Dr.” title. The Commission explained that the new policy is intended to address the growing misuse and indiscriminate awarding of honorary degrees, a practice it said has diminished the credibility […]