Business

Operators eye private equity as pension funds hit N31trn

Operators eye private equity as pension funds hit N31trn

O perators in Nigeria’s pension sector are exploring private equity investments as part of a new drive to expand pension funds which currently stand at N31 trillion as checks by Daily Trust have shown. The figure is more than the entire…

TAJBank’s PBT surges 74% to N31.56bn

TAJBank Limited, Nigeria’s largest non-interest bank by assets, has recorded a significant improvement in its financial performance, with Profit Before Tax (PBT) rising by 74% year-on-year to N31.562 billion in FY2025, compared with…

India Rupee, Bonds in Focus as RBI to End FCNR Deposit Window Early

The end of the deposit plan could tighten banking system liquidity.

FCMB raises FastCash instant loan limit to N500,000

FCMB raises FastCash instant loan limit to N500,000

First City Monument Bank (FCMB) has increased the maximum limit for its FastCash instant loan to N500,000, providing eligible customers with greater access to funds for unexpected expenses and other short-term financial needs. FastCash is…

Xi Touts Party-Led Growth at Predecessor’s Birth Centenary

Chinese President Xi Jinping upheld former leader Jiang Zemin’s legacy of combining economic development with firm Communist Party rule, using the centenary of his predecessor’s birth to reinforce the political foundations of his own…

Presidency plans new funding model for NSIB

Presidency plans new funding model for NSIB

The Presidency is exploring a sustainable funding arrangement to support the Nigeria Safety Investigation Bureau (NSIB) in carrying out accident investigations across the country. The development is coming on the heels of the failure by…

RMAFC concludes review of revenue formula for office holders

RMAFC concludes review of revenue formula for office holders

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has completed a comprehensive review of Nigeria’s Revenue Allocation Formula and concluded work on the review of remuneration for political, public and judicial office…

Osun: A Critical Examination of Nigeria’s Electoral Democracy and the Global Systemic Crisis

Osun: A Critical Examination of Nigeria’s Electoral Democracy and the Global Systemic Crisis

“If voting changed anything, they’d make it illegal.” — Emma Goldman The Quadrennial Carnival of Hope T he recent off-cycle governorship election in Osun State has ignited a familiar wave of euphoria across Nigeria. In fact, there is…

Court nullifies PENGASSAN Chevron elections, orders fresh poll

Court nullifies PENGASSAN Chevron elections, orders fresh poll

The National Industrial Court of Nigeria, Lagos Division, has nullified the September 16, 2025 elections conducted by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) for its Chevron branch and ordered the…

Chinese Trader’s Unit Ordered to Liquidate by Hong Kong Court

A unit of China’s state-backed SDIC Commodities Co. was ordered to liquidate by a Hong Kong court, adding to the financial troubles for the metals trader as Beijing increases scrutiny on the sector.

Rethinking the CBN’s Mandate: Lessons from Malaysia for Nigeria

Rethinking the CBN’s Mandate: Lessons from Malaysia for Nigeria

During a recent academic study tour of key financial institutions in Malaysia with some of my PhD students from Nasarawa State University, Keffi, I had the opportunity to visit Bank Negara Malaysia (BNM), the Central Bank of Malaysia…

UBEC launches school in Lagos to re-enrol female dropouts

UBEC launches school in Lagos to re-enrol female dropouts

The Universal Basic Education Commission (UBEC) has launched an Alternative High School for Girls in Agboju, Lagos State to enable female school dropouts to return to the classroom. Speaking at the commissioning of the facility, UBEC…