Ogochukwu Onwaeze, THEWILL

FirstBank of Nigeria invests more than ₦6 billion annually in cybersecurity as it strengthens efforts to protect customers and its operations against increasingly sophisticated cyber threats.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned beneficiaries of gas flare sites that their awards could be revoked if they fail to make sufficient progress in utilising the sites.

FX utilisation jumped 91.1 percent from $26.65 billion in 2024, reaching its highest level since 2019.

The ASI opened at 244,802.11 points but fell by 2,579.01 points to close at 242,223.10 points. Market capitalisation, however, remained unchanged at N158.721 trillion between the opening and closing figures provided for the session.

CORAN, in a statement by its Publicity Secretary, Eche Idoko, said the rising cost of diesel should concern Nigerians because the fuel is widely used by factories, farms, transport operators, telecommunications companies and other businesses.

Dangote Petroleum Refinery and Petrochemicals FZE could be worth significantly more than the valuation implied by its planned Nigerian Exchange (NGX) listing, according to independent estimates from CardinalStone Research and Chapel Hill Denham.

Nigeria has reduced the processing time for Certificates of Origin under the African Continental Free Trade Area (AfCFTA) from more than five days to 24 hours, in a move to make it easier for local businesses to access preferential trade opportunities across Africa.

Nomba, an African digital bank focused on businesses, has secured a $3 million debt facility from CardinalStone Finance Company as it expands its cross-border payment infrastructure and strengthens financial links between African markets and Asia.

President Bola Ahmed Tinubu’s administration has announced more than $50 billion in investment commitments since taking office in May 2023, but actual Foreign Direct Investment (FDI) inflows have remained a fraction of the pledged amount.

CBN Governor, Olayemi Cardoso, represented by Deputy Governor, Economic Policy Directorate, Philip Ikeazor, gave the assurance on Tuesday at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria in Abuja.