Nigeria’s credit landscape is showing a growing imbalance as bank lending tilts further toward the services sector, even as credit to industry contracts, raising fresh concerns about the strength of support for the country’s productive base. Latest data from the Central Bank of Nigeria’s monthly economic report for November 2025 showed that total credit to the economy expanded marginally by 0.14 percent to N57.02 trillion, from N56.94 trillion in October. The modest growth was driven entirely by a 1.35 percent increase in lending to the services sector, underscoring its continued dominance in credit allocation. In contrast, credit to the industry…
Author: Editor
Most companies only treat ESG as a reporting exercise. However, markets are gradually moving on.Today, ESG is embedded in how capital is priced, risk is assessed, and value is assigned. Let us be clear. This is not about optics. It is about economics. 1. ESG is now directly linked to financial performance Across global datasets, the signal is consistent: 58% of studies show a positive link between ESG and financial performance (NYU Stern, 2024) Strong ESG performers demonstrate greater resilience in downturns and lower volatility Institutional investors increasingly treat ESG as a core input into valuation models, not a side…
Hitherto, the journey toward higher education in this country has long been a test of endurance and sacrifice, especially for many families, whose dream of a university degree often comes at a steep price, forcing parents to make immense financial sacrifices. Still, some had to give up any form of education beyond primary school. Long before the introduction of structured financial support systems, many bright young minds were held back by the harsh realities of economic hardship, where a lack of funds often meant deferring dreams or even leaving education altogether. Looking back to the period from the late 1980s…
The Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to order a full investigation into the alleged disappearance or diversion of N2.9bn in public funds involving the Nigerian Communications Satellite Ltd and the Nigerian Nuclear Regulatory Authority. SERAP also asked the President to direct the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, to account for the alleged funds, alongside the management of both agencies. In a letter dated April 11, 2026, and signed by its Deputy Director, Kolawole Oluwadare, the organisation also urged the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), and…
The Federal Government has tasked the management of the Dangote Group of Companies to expand the annual production capacity of its subsidiary, Dangote Sugar Refinery (DSR), to 600,000 metric tonnes by 2030. The Minister of State for Industry, Senator John Enoh, accompanied by the Executive Secretary of the National Sugar Development Council (NSDC), Mr Kamar Bakrin, gave the charge during a visit to the DSR complex in Numan, Adamawa State. The visit was part of ongoing strategic inspections of sugar projects across the country, in line with President Bola Tinubu’s directive to accelerate Nigeria’s attainment of self-sufficiency in sugar production,…
Veteran Nollywood actor and broadcaster, Patrick Doyle, has announced the death of his newborn daughter, just hours after celebrating her birth with his new wife, Funmilayo Doyle. In a Facebook post on Sunday evening, Doyle revealed that the baby, named Omayinuwa Mayen Harriet Doyle, passed away barely a day after she was born. “Omayinuwa visited us briefly at about 10:40 a.m. on Friday, April 10, and returned to heaven on Saturday, April 11, at about 4:15 p.m. Her stay was short, but it brought great joy. We would have wished for a longer stay, but alas, heaven thought otherwise,” he…
The Katsina State Government has commissioned two stabilisation centres and 60 Outpatient Therapeutic Programme (OTP) sites across 12 local government areas to tackle malnutrition. Speaking in Baure on Sunday, Gov. Dikko Radda said the initiative demonstrates his administration’s commitment to protecting children and improving healthcare access. He said the stabilisation centres are located in Daura and Baure, while the OTP sites span Funtua, Danja, Malumfashi, Ingawa, and other councils. Radda said the centres would offer free treatment for severe acute malnutrition, while OTP sites would ensure early detection and community-level care. “These communities have been underserved for too long. Today,…
Kaduna State Government has intensified road infrastructure development at the Federal University of Applied Sciences, Kachia, and Ahmadu Bello University (ABU), Zaria. The Managing Director of the Kaduna State Roads Agency (KADRA), Abdullahi Baba-Ahmed, disclosed this in a statement issued to newsmen on Sunday in Kaduna. Baba-Ahmed said asphalt laying was ongoing on the access road to the Federal University of Applied Sciences, Kachia, as part of efforts to improve connectivity to the institution. He said the project, initiated by Gov. Uba Sani, had reached 95 per cent completion, with contractors mobilised to the site in October 2025 and delivery…
The Ministry of Solid Minerals Development is partnering with the North Central Development Commission (NCDC) to unlock the vast mining potential of the North Central region. The Minister of Solid Minerals Development, Mr Dele Alake, made this known when he received the management team of the commission, led by its Managing Director, Dr Cyril Tsenyil, in his office. A statement on the visit was made available to newsmen on Sunday in Abuja by Lara Owoeye-Wise, Special Assistant on Media to the minister. In the statement, Alake said the initiative would help create jobs through mineral processing and other value chains…
Gov. Babagana Zulum of Borno has warned residents against aiding, harbouring, or providing logistical support to Boko Haram insurgents in the state. The warning follows a recent operation conducted by the Air Component of the Joint Task Force (North East), Operation Hadin Kai, in the Jilli general area of Gubio Local Government Area on Saturday. Jilli is a border community between Gubio Local Government Area of Borno and Geidam Local Government Area of Yobe. Zulum, in a statement signed by his spokesperson, Mr Dauda Iliya, described Jilli market as a notorious hub allegedly used by insurgents and their logistics suppliers.…