Business

The Central Bank of Nigeria (CBN) has stressed the urgent need by the banking industry to invest continuously in cybersecurity and data protection.

Nigeria faces a fundamental choice: will its young population become the engine of economic transformation, or will millions of young Nigerians remain trapped between inadequate education, weak skills, unemployment, and poverty? The answer will determine not merely the future of Nigerian youths, but the future of Nigeria itself.

Nigeria’s manufacturing sector is growing, but the latest trade data suggest that the increase in domestic production is not yet large enough to significantly reduce the country’s dependence on imported manufactured goods.

The Nigerian Exchange Limited (NGX) closed Friday’s session on a bearish note, as market capitalisation fell by ₦262 billion from ₦163.104 trillion at the opening to ₦162.842 trillion at the close.

Gold climbed above $4,223 an ounce on Friday, October 2, as disappointing US hiring figures eased fears of another interest-rate increase, giving the metal some relief after a difficult week.

Gold steadied on Friday, October 2, but remained headed for a second consecutive weekly decline, with the US employment report set to test investors’ appetite for the metal later in the day.

Airtel Money has set a minimum application of £250 per investor as it opens its retail share offer ahead of its planned listing on the London Stock Exchange.

The data showed that road tax collections fell by N16.22bn, or 40.42 percent, from N40.14bn in 2023 to N23.92bn in 2024 before rebounding by N25.96bn, or 108.53 percent, to N49.88bn in 2025.

According to the report, the system supported about 160,200 jobs across its value chain, comprising 2,989 direct employees and more than 157,200 indirect jobs sustained across sectors including agriculture, logistics, retail, hospitality and distribution.

Announced on October 2, the platform brings registration, document submission and application tracking into one process. BOI’s website directs customers to onlineportal.boi.ng to apply, track and manage financing requests.