Zedvance plans to disburse ₦250 billion in commercial funding in 2026 alone, following strong performance from its Commercial Solutions business, which has already deployed over ₦96 billion since 2025.
• Wale Edun, Minister of Finance The Federal Government in its revised import prohibition list, dated April 1, 2026, banned seventeen traded products for the protection of domestic industries and managing foreign exchange. The items categorised by the Federal Ministry of Finance carries significant implications for importers, clearing agents, and the general public, as it…
Photo: ARCON Director -General, Dr. Olalekan Fadolapo The Federal Government has directed the Advertising Regulatory Council of Nigeria (ARCON) to esure that payment for advertising services must be made within 45 days, in line with global best practices and the Advertising Industry Standards of Practice (AISOP). In a statement by Dr. Olalekan Fadolapo, Director-General of…
Image: Dangote Petroleum Refinery, Lagos . The Manufacturers Association of Nigeria (MAN) urged the Federal Government and the petroleum industry regulators to disregard the recent prescription by the World Bank that Nigeria should open its borders to imported Premium Motor Spirit (PMS) to solve inflationary crisis. In a position document on Friday April 17, titled…
The Federal Competition and Consumer Protection Commission (FCCPC) has clarified that it didn’t banned MTN, Glo, Airtel including Vitel Wireless from offering airtime borrowing and data advance services in Nigeria. The Commission in a statement on Friday, clarified that the DEON Consumer Lending Regulations it introduced in July 2025, was aimed at curbing “the excesses…
The Central Bank of Nigeria on Friday announced the introduction of the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for the country’s money market, aimed at improving transparency and strengthening monetary policy transmission. The disclosure was contained in a press statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali. According…
MTN Nigeria Communications Plc on Thursday notifies the Nigerian Exchange Group (NGX) and the investing public that the Company has temporarily suspended its airtime and data credit advance service, Xtratime. Xtratime allows subscribers to borrow airtime or data and repay on their next recharge, a service widely used by millions of Nigerians, particularly during periods…
Dangote Sugar Refinery Plc profitability was weighed down by a foreign exchange loss of N46.7 billion and additional finance costs totaling N128.6 billion in financial year ended 2025. Dangote Sugar Chairman, Arnold Ekpe, told shareholders during the Company’s 20th Annual General Meeting held yesterday in Lagos. Arnold Ekpe said that the Group posted a turnover…
Olam Agri has opened a $50 million state-of-the-art soybean crushing plant and feed milling facility in Ilorin, Kwara State. Olam Agri also officially launched Mama’s Pride Soya Oil, a well-refined, heart-healthy cooking oil designed to meet the evolving nutritional needs of Nigerian households Anil Nair, country head and managing director, Olam Agri in Nigeria, said…
A court in Paris , yesterday, found Lafarge, now part of Holcim, guilty of charges that its Syrian subsidiary financed terrorism and breached EU sanctions to keep a cement plant operating in northern Syria during the country’s civil war. Global Cement.com reported that the case was the first time a company has been tried for…
