NIBSS payment system surpasses 100 million transactions
Nigeria’s payment infrastructure provider, the Nigeria Inter-Bank Settlement System (NIBSS) Plc, has announced that its National Payment Stack (NPS) has...
Tag Archives: #NigeriaBusiness
Five Nigerian banks’ assets rise to ₦20.47tn as H1 profit hits ₦338.4bn
Five Nigerian mid-sized banks recorded combined total assets of ₦20.47tn in the first half of 2026, while their aggregate profit...
CBN faces ₦8.57tn liquidity surge as OMO bills mature
Nigeria’s banking system is facing a potential ₦8.57tn liquidity position this week as maturing Open Market Operations (OMO) bills and...
UAC Agrees to Sell 43% Stake in DP World Logistics
UAC of Nigeria Plc has agreed to sell its entire 43 per cent shareholding in DP World Logistics Limited to...
Money Market Rates Ease as Banking Liquidity Climbs to N7.45tn
Money market rates in Nigeria declined this week as increased liquidity in the banking system pushed short-term borrowing costs lower....
Gas Infrastructure Fund Attracts N1.6tn Private Investment
The Midstream and Downstream Gas Infrastructure Fund (MDGIF) has leveraged about N671 billion in public funds to attract N1.6 trillion...
Ogun, DP World Sign $7bn Port Investment Deal
The Ogun State Government and DP World have signed Memoranda of Understanding for the development of the Gateway Deep Sea...
Nigeria’s Petrol Exports Surge Sixfold to Nearly N1tn
Nigeria earned N998.5 billion from petrol exports in the first six months of 2026, marking a sharp increase in the...
Itori Plant to Drive Dangote Cement’s Export Expansion
Dangote Cement’s new plant in Itori, Ogun State, is set to play a major role in the company’s strategy to...
FG Targets $1.2bn Private Funding for Nationwide Fibre Project
The Federal Government is seeking about $1.2 billion in private-sector capital to support the planned deployment of a 90,000-kilometre nationwide...