Banks Cut CBN Deposits by 28% as Interest Rate Adjustment Reshapes Lending Strategy
Deposits by Nigerian banks and merchant banks with the Central Bank of Nigeria declined sharply in April 2026, falling by 28.4 per cent to N92.32 trillion from N128.9 trillion recorded…
Access Holdings Shifts Focus to Efficiency, Stronger Returns After Expansion Drive
Access Holdings Plc has announced a strategic shift toward efficiency, value optimisation, and sustainable performance, signalling a move away from years of rapid expansion to a phase centred on stronger…
UBA Debunks Viral Divorce Rumour About Tony Elumelu, Moves Against Alleged Peddlers
United Bank for Africa (UBA) has dismissed as false and malicious a viral social media report claiming that its Group Chairman, Tony Elumelu, has divorced his wife, describing the allegation…
Petrol Price Drops in Abuja Following Initial Increase
Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike. Checks by Ugamatv showed that Ranoil, Empire Energy,…
Nigerian National Petroleum Company Limited Announces Fuel Price Increase
The Nigerian National Petroleum Company Limited has increased the premium motor spirit price after Dangote Refinery raised its gantry price. A market survey by UGAMATV on Thursday showed NNPCL outlets…
AI Adoption: FCMB Describes Approach as Deliberate, Responsible
Key players from across Nigeria’s financial services and technology landscape gathered at the recently concluded Business Day Fintech Summit 2026, held under the theme “The Next Financial Frontier: Intelligence, Infrastructure…
Lagos State and Rivers State Top Borrowing List as Nigeria’s Debt Climbs to N159.28tn
Nigeria’s total public debt rose to N159.28 trillion in the fourth quarter of 2025, with Lagos and Rivers states accounting for the highest levels of borrowing, according to the National…
Top Distributors Honoured by BUA Cement at 2025 Awards
BUA Cement Plc has recognised and rewarded its top performing distributors across Nigeria at the 2025 edition of its annual Distributors’ Awards, held at the Eko Hotels and Suites Convention…
Nigerian Electricity Regulatory Commission Confirms N155m Electricity Billing Refund to Consumers
Electricity consumers in Nigeria received N155.84 million as a credit refund from electricity distribution companies in 2025 alone. This is according to the Nigerian Electricity Regulatory Commission’s latest quarterly data,…
Africa CEO Forum: VivaJets Champions Seamless Cross-Border Connectivity
Nigerian business aviation company, VivaJets, a subsidiary of Falcon Aerospace Limited, is set to participate in the 2026 Africa CEO Forum as a strategic mobility partner, reinforcing its commitment to…














