Trump Announces $36 Billion in Initial Projects Under $550 Billion U.S.–Japan Trade Deal
WASHINGTON—President Donald Trump on Feb. 17 announced the launch of three major infrastructure and energy projects totaling $36 billion, marking the first phase of a broader U.S.–Japan trade agreement that includes a $550 billion Japanese investment commitment to American manufacturing and energy development. In a post on Truth Social, Trump said the projects represent the […]
Gateway Mortgage Bank Limited secures ₦2.2bn MOFI fund to boost home ownership
Gateway Mortgage Bank Limited has secured ₦2.2 billion from the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) to support home ownership and mortgage access in Nigeria. The bank has begun disbursing funds to qualified applicants under the initiative. Acting Managing Director Ronke Akinleye said the fund targets individuals seeking structured mortgage financing, making […]
NEM Insurance bolsters women empowerment with ‘She Means Business’ 3.0
NEM Insurance Plc has launched the third edition of its ‘She Means Business’ contest, aimed at empowering female entrepreneurs across Nigeria. The initiative opened on February 16, 2026, and closes February 28, 2026, encouraging women to showcase their business ideas. Mrs. Mojisola Teluwo, General Manager of Corporate Services, said three outstanding participants will receive ₦250,000 […]
DMO to auction N800bn bonds at N1,000 per unit
The Debt Management Office has announced a public offer of three Federal Government bonds worth N800 billion, priced at N1,000 per unit. The offer includes a N400 billion bond at 17.95% interest maturing in 2032, alongside two others valued at N300 billion and N100 billion with yields close to 20 percent. According to the agency, […]
Why Ogun 2026 budget increased by 58 percent – Commissioner for Finance
The Ogun State government has explained the reason behind its sharp budget increase for 2026, saying the rise reflects strong economic growth and deliberate reforms. The Commissioner for Finance and Chief Economic Adviser, Dapo Okubadejo, stated during a media briefing in Abeokuta that the approved ₦1.669 trillion budget shows the state’s improving financial strength and […]
Recapitalization: What will happen to bank consumers after March 31 deadline – Ogunbunka
The president of the Bank Customers’ Association of Nigeria, Uju Ogunbunka, has reassured Nigerians that bank customers have nothing to fear as the recapitalization deadline set by the Central Bank of Nigeria approaches. Speaking during an interview, he said depositors’ funds remain safe even if some banks fail to meet the new capital requirements. Ogunbunka […]
Flutterwave most licensed non-bank entity globally, holds over 50 licenses – CEO Agboola
The Chief Executive Officer of Flutterwave, Olugbenga Agboola, has revealed that the company now holds more than 50 licences worldwide, making it one of the most licensed non-bank financial technology firms globally. He made the announcement while celebrating the firm’s 10th anniversary, reflecting on its journey from a startup tackling payment challenges in Africa to […]
18 ships discharge petroleum products, goods at Lagos ports – NPA
The Nigerian Ports Authority (NPA) has announced that 18 ships have arrived at Lagos ports to discharge petroleum products and other goods. The vessels are carrying items such as petrol, diesel, aviation fuel, and general cargo meant for distribution across the country. The development is expected to support steady supply and commercial activities. According to […]
Nigerian stocks surge massively as investors gain N6.76trn in seven days
Investors on the Nigerian Exchange Limited (NGX) enjoyed a remarkable week as the stock market recorded a massive N6.764 trillion gain. The bullish run continued throughout the week, reflecting strong investor confidence and sustained buying across major stocks. Friday alone accounted for about N2.4 trillion in fresh gains, showing heightened activity and renewed optimism in […]
How did I miss investing in Flutterwave – Coscharis boss Maduka expresses regret
Coscharis Group CEO, Cosmas Maduka, has openly expressed regret over not investing in Flutterwave, the Nigerian fintech company that has grown into a global payments platform. Speaking during a recent interview, Maduka admitted that he had the chance to back the startup early but chose not to, a decision he now views as a missed […]