Private Sector Credit Hits N83.43 Trillion Record – CBN
Nigerian commercial banks pushed N83.43 trillion into private enterprise balances by the end of July…
Private Sector Credit Hits N83.43 Trillion Record – CBN
Nigerian commercial banks pushed N83.43 trillion into private enterprise balances by the end of July 2026, setting a fresh credit record despite punishing interest rates. Fresh numbers from the Central Bank of Nigeria show that total private credit swelled by N2.84 trillion across the three months from April. The expansion marks a 3.52 per cent…
NBS Names Top Ten Growing Sectors in Q2
Nigeria’s economy expanded by 4.43 per cent year-on-year in the second quarter of 2026, marking its strongest quarterly performance in five years. Fresh Gross Domestic Product figures from the National Bureau of Statistics reveal that smaller, capital-light niches outpaced traditional heavyweight industries to drive headline momentum. Coal mining staged the sharpest reversal on the board,…
Reps Panel Clears Gbajabiamila Over Forged Agency
A special committee of the House of Representatives cleared the Chief of Staff to the President, Femi Gbajabiamila, of all wrongdoing in the phantom agency scandal on Wednesday, 2 September 2026. The legislative panel concluded that an audacious impostor forged Gbajabiamila’s signature to manufacture the Presidential Foreign Investment Promotion Council out of thin air. Lawmakers…
Nigeria’s Economic Outlook, Q4 2026
According to the World Bank’s Global Economic Prospects published in June 2026, the ongoing conflict in the Middle East has sent shockwaves through international markets, particularly by precipitating sharp increases in energy prices. This development reverberates across the globe, contributing to a projected slowdown in global growth to 2.5 percent for the year….
Saudi Tanker Hit in Hormuz, Two Sailors Dead
An Iranian strike on a Saudi crude supertanker killed two Filipino sailors in the Strait of Hormuz, dragging Riyadh into the middle of the regional naval war. Saudi national shipping carrier Bahri confirmed on Wednesday, 2 September 2026, that projectiles struck its vessel, the Sidr, late on Monday night as the ship steered out of…
Uber Exits Nigeria After Twelve Years of Operations
Uber Technologies announced its sudden exit from Nigeria and Uganda on Wednesday, 2 September 2026, ending a twelve-year run in Africa’s most populous nation. The San Francisco company told riders and drivers that operations would cease immediately, while customer support desks will close on 23 September. Chief Executive Dara Khosrowshahi is cutting 3,300 corporate jobs…
Sharia Council Urges Rule Of Law In El-Rufai Continued Detention
The Supreme Council for Sharia in Nigeria has urged relevant authorities to review the continued detention of former Kaduna State Governor Nasir El-Rufai and ensure strict adherence to the rule of law and due process. In a statement issued on Tuesday and signed by its Secretary-General, Malam Nafi’u Baba-Ahmad, the council warned that actions…
Accountant-General’s Office Ordered To Submit Fresh Nominal Roll To CCB
Workers in the Office of the Accountant-General of the Federation are preparing for a fresh assets and liabilities declaration exercise after the Code of Conduct Bureau requested an updated nominal roll of personnel across the office. The directive is contained in an internal circular issued on 28 August 2026 by the Director of Administration, Office…
1993 US Case Was Civil Forfeiture, Not Criminal Conviction, Omokri Says
Nigeria’s Ambassador-designate to Mexico, Reno Omokri, has stated that there is no criminal FBI record linking President Bola Tinubu to criminality, distinguishing between the existence of agency records and a formal criminal record. Speaking on the City Boy Movement Podcast in Abuja on Tuesday, Omokri said an FBI record should not automatically be interpreted as…
NGX Market Cap Crosses N158trn On Broad-Based Rally
The Nigerian equities market extended its bullish run on Tuesday, 1 September 2026, adding N1.22 trillion to investors’ wealth as strong buying interest across key sectors pushed the benchmark index higher. The NGX All-Share Index rose by 0.77 per cent, or 1,883.24 points, to close at 246,082.63 points. This lifted the year-to-date return to…