Sam Diala, THEWILL

There are publications that merely document an industry, and there are those that attempt to shape its future. The maiden edition of the NIBSS Digest, appropriately themed “Redefining the Future of Payments,” belongs more convincingly to the second category.

Finance experts contend that the real value of the revenue has diminished because of the prevailing exchange rate, which makes logistics and operational costs very prohibitive.

The Association of Securities Dealing Houses of Nigeria (ASHON) has called for an urgent review of the National Insurance Commission’s (NAICOM) revocation of Universal Insurance Plc operating licence, arguing that the action raises serious concerns for investors and the wider Nigerian capital market.

The Central Bank of Nigeria's recapitalisation programme requires banks to build substantially larger capital bases, with minimum paid-up capital rising to N500 billion for banks with international authorisation, N200 billion for national banks and N50 billion for regional banks.

The numbers coming out of Guinness Nigeria Plc are impressive enough to invite celebration, especially amid deep economic headwinds.

The country possesses one of Africa’s largest consumer markets, a huge and youthful population, abundant agricultural resources, substantial oil and gas reserves, a rapidly expanding digital economy, a vibrant entrepreneurial culture and an increasingly sophisticated financial sector.

Uber has described the decision as the outcome of a review of its evolving business priorities and investment focus across Africa.

The revelation of Geregu Power Plc default on its bond obligations shocked Nigerians when it became public in late July 2026. Consequently, the FMDQ Securities Exchange -- the market infrastructure provider -- identified Geregu’s N409.09 billion senior unsecured bond as being in "credit default" early August.

Industry experts express concern that for a financial institution whose most valuable asset is neither its branches nor its technology but trust, repeated regulatory breaches can become considerably more expensive than the fines attached to them.

Nigeria’s quest to reduce its dependence on crude oil may be entering a more consequential phase, but the country’s ability to translate rising non-oil exports into sustainable economic growth will depend on whether it can move beyond selling raw commodities and begin exporting more processed and higher-value products.