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- Biz & Economy
- November 10, 2025
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Receivership: AMCON moves to freeze GHL bank accounts, writes Nigerian financial institutions
The Asset Management Corporation of Nigeria (AMCON), in its bid to freeze the bank accounts of General Hydrocarbons Limited, over alleged debt following receivership, has written thirty-four financial institutions in the country in that regard. The post Receivership: AMCON moves to freeze GHL bank accounts, writes Nigerian financial institutions appeared first on Nairametrics.
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- November 10, 2025
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CBN Mops Up N11.43trn via T-Bills as 91-Day Rate Slides to 15.3%
Kayode Tokede In a bid to amid stabilise liquidity and manage inflationary pressures within the economy, the Central Bank of Nigeria (CBN), mopped up an estimated N11.43 trillion through the Nigerian Treasury Bills (NTBs) in 10-month of 2025. This is about 4.01 per cent increase over N10.99 trillion mopped up in 10-month of 2024, according to the CBN ‘Primary Market’ data. The CBN success with the N11.43 trillion NTB was fuelled by investors’ demand for risk-free instruments to hedge…
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- November 10, 2025
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FX Inflow: External Reserves Up 8.2% Year-on-Year to $43.32bn
Nume Ekeghe Nigeria’s external reserves climbed to $43.32 billion as of November 6, 2025, an 8.2 per cent increase year-on-year from $40.94 billion on November 6, 2024, data from the Central Bank of Nigeria (CBN) has revealed. The steady accumulation reflects improved foreign-exchange inflows from oil receipts, stronger non-oil exports, and renewed investor confidence in Nigeria’s financial reforms. The reserves, which serve as a vital buffer for exchange-rate management and external obligations have been supported by tighter monetary policy and coordinated…
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- November 10, 2025
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Ellah Lakes Expands Operations with Acquisition, N235bn Public Offer
Kayode Tokede Nigeria’s agribusiness firm, Ellah Lakes Plc, has announced the acquisition of Agro-Allied Resources & Processing Nigeria Ltd (ARPN) alongside the launch of a N235 billion public offer, as part of its strategic drive to scale operations and deepen its presence in Nigeria’s agribusiness sector. The acquisition grants Ellah Lakes full ownership of ARPN, adding approximately 11,783 hectares of cultivated land — including 6,280 hectares of oil palm and 2,093 hectares of cassava — plus…
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- November 10, 2025
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JETRO Boss: How Japanese Businesses are Coping in Nigeria
Oluchi Chibuzor The Country Managing Director and Trade Commissioner of Japan External Trade Organisation (JETRO) Takashi Oku, has revealed that more Japanese firms are forming partnerships with Nigerian businesses to enhance their profitability and operations. Oku, while speaking with reporters during the opening of the JETRO Pavilion at the Lagos trade fair at the weekend, said about nine more Japanese companies, in addition to the existing ones are currently partnering with Nigerian companies for better services and profitability. According…
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- November 10, 2025
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CBI to Redefine Journalism Through Technology
Nume Ekeghe A new entrant has joined Africa’s fast-evolving media landscape with the official launch of CBI News, a digital-first media platform committed to rebuilding trust in journalism and redefining how African stories are told. The launch, held at the Lagos Marriott Hotel, Ikeja, marked the unveiling of the CBI News mobile application, available on Android and iOS, signalling a step toward more interactive, technology-driven news delivery. Founded by Chairman and Group Chief Executive of Baywood Group, Emperor Chris Baywood Ibe, CBI…
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- November 10, 2025
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Olaogun Community to Launch N300M Fund for Health Centre
Nume Ekeghe Olaogun community, a suburb of Agbado in Ogun State, is set to launch a N300 million appeal fund to support the development of its health centre, the community announced in a statement. The initiative will coincide with the first edition of the Olaogun Community Day, organised by the Olaogun Area Community Development Committee in Ifo Local Government Council. In the statement signed by Mr. Odutayo Odusanya, Chairman of the Organising Committee, the theme for…
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- November 10, 2025
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Dantsoho: Interconnected Africa Needs Collective Action for Port Growth
Eromosele Abiodun The Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has emphasised that the interconnectedness and interdependence of African nations make cooperation an essential precondition for the collective advancement of seaports across the continent. Dantsoho made this known at the closing ceremony of the 45th Annual Council of the Port Management Association of West & Central Africa (PMAWCA) held in Pointe-Noire, Congo. Dantsoho said the level of enthusiasm, goodwill and altruism displayed…
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- November 10, 2025
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Recapitalisation: NAICOM to Commence Feedback on Review of Operators’ Plans
Ebere Nwoji The commissioner for Insurance, Mr Olusegun Ayo Omosehin has given an update on the insurance sector’s preparation for the on going recapitalisation exercise that will migrate operators to a new capital regime. He said NAICOM had completed review of recapitalisation plans submitted by operating firms and would commence official communication to individual firms on the outcome of its reviews very soon. He gave the update at the Insurance Directors’ Annual Conference Organised by the…
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- November 10, 2025
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Nigeria, Denmark Pledge to Deepen Maritime Ties
The government of Denmark has pledged its continued support for Nigeria’s maritime sector development while seeking to explore new areas of economic partnerships. This was disclosed by the Danish Ambassador to Nigeria, Mr. Jens Ole Bach Jansen, during his recent visit to the Nigerian Maritime Administration and Safety Agency (NIMASA) head office in Lagos. Jansen emphasised the longstanding ties between both countries which spans decades and has seen the Danish government and Danish private companies invest…
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