Femi Otedola Tightens Grip On Nigeria’s Oldest Bank, First HoldCo
Femi Otedola has lifted his stake in First HoldCo, parent of First Bank of Nigeria, to 25.87 percent and says...
August 8, 2026Section
Nigeria News in English
Nigeria news in English from The Rio Times — Lagos and Abuja politics, economy, oil and markets.
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Nigeria’s NNPC Listing: Tinubu Commits, But Sets No Date
Tinubu says the whole of NNPC will be listed. But he named no date for the NNPC listing, and the...
August 8, 2026
Nigeria’s NAICOM Issues New Licences to 43 Recapitalised Insurers
Nigeria's NAICOM recapitalisation has licensed 43 insurers that met capital floors of up to ₦35bn (about US$26m), leaving up to...
August 6, 2026
Nigeria’s SEC Approves Tokenized Equities on NASD Platform
Nigeria’s SEC has approved tokenized equities trading on the NASD OTC Securities Exchange, with the first public digital securities offering...
August 6, 2026
Project Gazelle 2: Nigeria Approves US$4.5 Billion Oil-Backed Refinancing
Project Gazelle 2 refinances Nigeria's US$3.3bn oil-backed facility, adds US$3bn in liquidity and cuts pledged crude by 12.5% to 78,750...
August 5, 2026
Nigeria Orders Data Protection Officers in All Agencies
Nigeria has ordered all federal ministries, departments and agencies to appoint Data Protection Officers, with fines and enforcement now in...
August 4, 2026
NNPC Profit Falls 35% to About US$1.7 Billion in First Half
NNPC profit fell 35.4% to N2.28 trillion, about US$1.7 billion, in the first half of 2026, with Federation Account remittances...
August 4, 2026
Banking stocks lift Nigerian market by N288 billion despite broad selloff
Nigerian banking stocks added N288.44 billion in market value in a single session, reversing prior-week losses even as most equities...
August 4, 2026
Kano Assembly Passes Bill to Cap Private School Fee Increases at 10%
The Kano State House of Assembly passed a bill limiting private school fee increases to 10% and requiring parent consultation,...
August 4, 2026