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CBN Reports Rising Loan Defaults in Nigerian Banks

21.01.2026
Banks operating in Nigeria have reported a broad rise in loan defaults across households and businesses, showing growing stress in the credit market despite improved loan supply and rising demand. According to the Central Bank of Nigeria’s Credit Conditions Survey for the fourth quarter of 2025, lenders recorded higher default rates on secured, unsecured, and...
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IMF forecasts 4.4% Nigeria economic growth for 2026

21.01.2026
The International Monetary Fund has projected that Nigeria’s economy will grow by 4.4 per cent in 2026, based on improving macroeconomic conditions. The projection, which is an improvement from the 4.2 per cent in 2025, was contained in the IMF’s January 2026 World Economic Outlook titled ‘Global Economy: Steady amid Divergent Forces’. The PUNCH reports...
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Geregu Power Posts N27.25bn Profit in 2025 Financials

21.01.2026
Geregu Power Plc has reported a profit after tax of N27.25bn for the year ended 31 December 2025, underscoring the power generation company’s ability to sustain earnings growth amid rising operating costs and a challenging macroeconomic environment. According to its audited financial statements, Geregu Power recorded revenue of N184.94bn in 2025, up from N137.13bn in...
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NGX Trading Starts Week in Red, Sheds N10.9bn

21.01.2026
The Nigerian Exchange started the week on a bearish note as the market capitalisation fell by N10.9bn at the close of trading on Monday. Data released by the exchange showed that a total of 629.57 million shares were traded in 57,840 deals, valued at N14.75bn. This represents a 17 per cent increase in trading volume,...
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SEC capital hike to spur mergers, squeeze smaller operators

21.01.2026
The SEC’s updated minimum capital requirements for market operators are set to drive mergers and acquisitions, potentially forcing smaller firms out of the industry. While the higher thresholds aim to enhance market stability and protect investors, analysts caution that they may not be appropriate for every operator, especially fund and asset managers who primarily oversee...
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Nigeria’s Non-Oil Exports Hit Record High of $6.1 Billion

21.01.2026
Nigeria’s non-oil exports rose to an all-time high of $6.1bn in 2025, marking the strongest performance recorded in the sector since the establishment of the Nigerian Export Promotion Council nearly five decades ago. The figure represents an 11.5 per cent year-on-year increase over the $5.4bn recorded in 2024, reinforcing signs of growing momentum in the...
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GenCos Slam N1.1tn Power Budget Lacking Subsidies

21.01.2026
The Federal Government has allocated over N1.1tn to the power sector in the 2026 Appropriation Bill, an amount higher than the N900bn budgeted for the sector in 2025. However, stakeholders have raised concerns as a detailed examination of the budget shows that no part of the allocation is explicitly earmarked for electricity tariff support or...
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Indian Firm to Lead $350m Dangote Refinery Expansion

20.01.2026
Engineers India Limited has announced that it will lead the expansion of the Dangote refinery, a project that will increase the facility’s capacity from 650,000 barrels per day to 1.4 million barrels per day. In a statement, EIL said it had signed a contract agreement valued at more than $350m with the Dangote Group to...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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