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The Business NG - June 18, 2025

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BusinessNG Editorial Focus for June 18

As the Central Bank of Nigeria tightens its regulatory grip, banks burdened by non-performing loans are now barred from paying dividends, awarding executive bonuses, or making new offshore investments until full provisioning is made. This decisive policy targets institutions previously shielded under forbearance during past economic crises.

Renaissance Capital’s report, “Nigerian Banks, Cash is King,” reveals that Zenith Bank has the largest exposure at 23% of its loan book ($1.6 billion), followed by FirstBank (14%, $887 million), and Access Bank (4%, $304 million). Fidelity and FCMB also face scrutiny, while GTCO and Stanbic IBTC are in the clear.

These restrictions hit the core banking arms hardest, dampening shareholder returns. Although holding companies may try to cushion the impact via non-bank subsidiaries, such payouts will likely be minimal. The move has drawn anger from shareholders, many of whom rely on consistent dividend income.

BusinessNG examines the full implications for the banking sector, market confidence, and investor trust.

Investors Lose N170bn as Oando, First Holdco Tumble

The Nigerian equities market opened the new trading week on a bearish note, shedding over N170 billion in market value on Monday, June 17, 2025, as sell pressures in Oando Plc, First Bank Holdings (First Holdco), and other mid-to-large cap stocks unsettled investor sentiment and reversed recent bullish momentum.

1 mins

DMO Unveils N50bn Green Bond at 19% Yield to Fund Eco Projects

In a bold move to bolster environmentally sustainable financing in Nigeria, the Debt Management Office (DMO) has announced a new N50 billion green bond issuance for public subscription. Offered at N1,000 per unit, the bond opened for purchase on June 16 and will close on June 18, with settlement scheduled for June 23, 2025.

1 mins

FCCPC Cracks Down on Air Peace Over Unpaid Refunds

The Federal Competition and Consumer Protection Commission (FCCPC) has summoned the management of Air Peace Limited to appear before it in Abuja over mounting complaints of non-refunded fares for cancelled flights, in what could become a major consumer protection case in Nigeria's aviation industry.

1 mins

Onions, Maize, Rice Prices Spike Again

The prices of food items across major Lagos markets are swinging wildly, with staple goods recording sharp rises and sudden drops in June 2025, creating serious concerns for households struggling to keep up with Nigeria's unrelenting cost-of-living crisis.

1 mins

Tension in Downstream Sector as Dangote's Refinery Strategy Sparks Monopoly Concerns

Just one dominant supplier controlling access to fuel, he fears that price hikes and supply restrictions could become the new normal.

1 mins

The underdevelopment of Ijebu-Jesa, my Native Nazareth (2)

Presidential Aide Alubankudi's gracious response to the first part of this intervention reflects the significance of roots, responsibility, and collective effort in nation-building.

5 mins

From Vision to Action: WAES 2025 Unfolds

WAES 2025 signals a defining moment in West Africa's economic journey-and in this special analysis, ABDULLAHI MUSBAU, Head of Editorial, BusinessNG, Abuja, explains why it matters. Written during a chat with ALKASIM ABDULKADIR, Special Assistant on Media and Communications Strategy to the Honourable Minister of Foreign Affairs and Lead, Media and Communications for WAES 2025, the piece highlights how strategic leadership, youth inclusion, and private sector investment can transform the region. More than a report, it is a call to action-a push to rethink West Africa's future as a unified, self-driven economic powerhouse.

6 mins

Nigeria Launches N50bn Green Bond to Fund Climate Projects

Nigeria is scaling up its climate finance efforts with the launch of a new 50 billion Sovereign Green Bond, its third in less than a decade.

1 mins

Disinflation Fuels Rally as Nigerian Eurobond Yields Drop to 9%

Investor appetite for Nigerian sovereign Eurobonds surged this week as inflation figures cooled in May, pushing average yields down to 9.00% and easing the federal government's international borrowing costs.

2 mins

Fidelity Bank Powers Launch of Nigeria's First Private Onshore Oil Terminal in 50 Years

In a landmark development for Nigeria's energy sector, Fidelity Bank Plc has supported the creation and launch of the country's first privately constructed onshore crude oil export terminal in over five decades.

1 mins

Investors Scramble for CBN's 24.59% OMO Bills as N1.07trn Raised

In a bold move to rein in excess liquidity and keep inflation expectations in check, the Central Bank of Nigeria (CBN) has successfully raised 1.07 trillion through its latest open market operation (OMO) auction, offering yields as high as 24.59%.

1 mins

Coronation Deepens Broker Ties with South-South Hangout in Port Harcourt

Coronation Insurance Plc and Coronation Life Assurance Limited have reaffirmed their commitment to deepening stakeholder engagement across Nigeria by hosting an exclusive networking event, “Hangout with Coronation,” for insurance brokers in the South-South region.

1 mins

SUNU Assurances Delivers N3.59bn Profit, Pays N3.28bn in Claims

SUNU Assurances Nigeria Plc has reported a profit after tax of N3.59 billion for the 2024 financial year and paid N3.28 billion in claims, signaling strong growth and commitment to policyholders.

1 mins

Guinea Insurance, Ellah Lakes Top Gainers as NGX Slips 0.15%

The Nigerian equities market started the week on a cautious note, as the All-Share Index (ASI) of the Nigerian Exchange Group (NGX) dipped by 0.15% on Monday, June 16, 2025, to close at 115,258.77 points—down 170.77 points from Friday's 115,419.54.

1 mins

Agama's SEC: Fast Reforms, Lingering Risks

Dr. Emomotimi Agama's appointment as Director General of the Securities and Exchange Commission (SEC) in April 2024 sparked cautious optimism across Nigeria's capital market.

2 mins

Total Energies' Q1 Profit Tanks 93% as White Product Sales Plunge

Total Energies Marketing Nigeria Plc is grappling with a harsh start to 2025 after reporting a staggering 93% drop in pre-tax profit for the first quarter, falling from N16.2 billion in Q1 2024 to just N1.12 billion.

1 mins

FCMB Moves to Calm Investors, Vows to Sustain Dividends Despite CBN Clampdown

FCMB Group Plc has moved to reassure its shareholders following the Central Bank of Nigeria's (CBN) new directive suspending dividend payments for banks with unresolved forbearance-related loans or violations of the Single Obligor Limit.

1 mins

Stocks Hit New High as Investors Eye Sector Picks

The Nigerian equities market rebounded impressively last week, defying midweek holidays for Eid-el-Kabir and Democracy Day to close at a historic high. Buoyed by investor optimism, the NGX All-Share Index (ASI) surged 0.71% to a new all-time record of 115,429.54 points on Friday, up from 114,616.75 points. As of June 5, 2025, total market capitalisation stood at 72.79 trillion, with a year-to-date (YTD) return of 12.15%.

1 mins

Euro, Pound Slide as War Fears Roil Markets

The euro and the British pound took a hit in early Friday trading as investors fled to the safety of the US dollar, spooked by escalating military tensions between Israel and Iran.

1 mins

Atiku Condemns Benue Killings, Calls It a National Tragedy

Former Vice President Atiku Abubakar has condemned the recent massacre in Benue State that reportedly claimed over 200 lives, describing it as a senseless act of violence and a grim reflection of Nigeria's worsening security crisis.

1 mins

Mass Defections to APC Threaten Democracy – CHRAN Warns

The Center for Human Rights and Accountability Network (CHRAN) has raised the alarm over the growing wave of defections by opposition politicians to the ruling All Progressives Congress (APC), describing it as a dangerous trend that undermines Nigeria's democracy.

1 mins

Zulum Leads Revolt as APC Endorses Tinubu Without Shettima for 2027

A fresh crisis is brewing within the All Progressives Congress (APC) following the controversial endorsement of President Bola Tinubu for a second term — without Vice President Kashim Shettima — by top party leaders in the North-East.

2 mins

Man Caught With Eight Human Skulls in Ondo

A 37-year-old man, Yusuf Adenoyin, has been arrested by operatives of the Ondo State Police Command after being found in possession of eight human skulls during a routine highway stop-and-search operation.

1 mins

Port Corruption Killing Freight Forwarders – NCJTFLCA President

The President of the National Compliance Joint Task Force of Licensed Customs Agents (NCJTFLCA), Dr. Basil Nwolisa, has raised a disturbing alarm over deep-rooted corruption at Nigeria's seaports, alleging that more than 200 freight forwarders have died due to the relentless stress and frustration stemming from systemic failures and institutional sabotage.

1 mins

Customs Spokesperson Champions Data-Driven PR at APRA Conference in Kenya

The Nigeria Customs Service (NCS) has reiterated its commitment to cutting-edge public communication by advocating data-driven public relations at the 26th Annual Conference of the African Public Relations Association (APRA), held from June 9 to 13, 2025, in Mombasa, Kenya.

1 mins

Adeniyi Hails Ogun II Customs for 40% Revenue Surge

The Comptroller-General of Customs (CGC), Adewale Adeniyi, has applauded the Ogun II Area Command for achieving a remarkable 40% increase in revenue generation, commending the team for its dedication and professionalism.

1 mins

Akabanga Lagos Secures Exclusive Rights to Rwanda's Iconic Chili Oil in Nigeria

Akabanga Lagos has officially become the sole distributor of Rwanda's legendary Akabanga Chili Oil in Nigeria, following its 100% acquisition of Akabanga 4U Limited. This milestone marks a bold step in the brand's expansion into West Africa's largest consumer market.

1 mins

Nigeria's Crude Oil Export Drops 16% to N12.95 Trillion in Q1 2025

Nigeria's crude oil export earnings dropped significantly to N12.95 trillion in the first quarter of 2025, marking a 16.34% decline from the N15.49 trillion recorded during the same period in 2024.

2 mins

Oil Prices Spike to $75 as Israel-Iran Tensions Reignite Geopolitical Risk

Geopolitical risk has returned to the global oil market in full force, with ICE Brent crude futures surging to $75 per barrel following Israel's latest airstrikes on Iran.

1 mins

Dangote Refinery Cuts Out Marketers, Begins Direct Fuel Supply to Major Users

In a landmark shift that could redefine Nigeria's fuel supply chain, Dangote Refinery has announced it will begin direct distribution of premium motor spirit (PMS) and diesel to large-scale consumers, bypassing traditional petroleum product marketers.

2 mins

Yelewata Massacre: Over 300 Burnt Alive as Survivors Mourn, Government Under Fire

Yelewata, a peaceful farming community in Guma Local Government Area of Benue State, was turned into a graveyard on the night of June 13, 2025, as armed herdsmen launched what is now believed to be the deadliest attack in the state's recent history.

3 mins

Chain Reactions Africa Dominates SABRE Awards Again

In another commanding display on the continental stage, Chain Reactions Africa has reaffirmed its leadership in the communications space, emerging as Nigeria's most celebrated Public Relations firm at the 2025 SABRE Africa Awards held in Mombasa, Kenya.

1 mins

Gombe Gets N60bn to Launch Mega Agro-Livestock Industrial Zone

The Federal Government has disbursed N60 billion to Gombe State for the establishment of a 184-hectare Agro-Livestock Industrial Zone, a flagship initiative aimed at transforming the livestock sector in Northern Nigeria.

1 mins

Chaos in Benue as Police Teargas Protesters Over Yelewata Massacre

Tensions flared in Benue State on Sunday as police officers fired teargas to disperse protesters demanding justice for the brutal killing of over 200 residents in Yelewata, a community in Guma Local Government Area.

1 mins

Lagos Seals Okota Building for Discharging Raw Sewage Into Public Drain

The Lagos State Government has sealed a residential building located at No. 59, Ajoke Okusanya Street, off Ago Palace Way in Okota, for illegally discharging raw sewage into a public drainage system.

1 mins

Be Patient, Wait Your Turn – Retired Ogun Civil Servant, Pastor Soremekun, Urges Junior Officers

Retired civil servant and minister-in-charge of Success Gate C & S Church Int'l Inc., Kemta, Idi-Aba, Abeokuta, Pastor Dr. Olufemi Olusola Soremekun, has advised junior officers in the Ogun State civil service to remain patient and respectful towards their senior colleagues.

2 mins

Man United Eye Eze, Semenyo as Mbuemo Bid Stalls

Manchester United are reportedly lining up alternative transfer targets, including Crystal Palace’s Eberechi Eze and Bournemouth’s Antoine Semenyo, after their initial bid for Brentford forward Bryan Mbuemo was turned down.

1 mins

Messi's Inter Miami Held by Al Ahly in Club World Cup Opener

Lionel Messi's Inter Miami were unable to break down a resolute Al Ahly side as the 2025 FIFA Club World Cup kicked off with a goalless draw at the Hard Rock Stadium in Miami on Saturday.

1 mins

Talisca: Ronaldo's Impact Will Stay With Me for Life

Former Al Nassr star Anderson Talisca has spoken warmly about his time playing alongside Cristiano Ronaldo, describing the experience as life-changing and unforgettable.

1 mins

Arsenal Set to Abandon Gyokeres Deal Over Sporting's Price Hike

Arsenal are reportedly prepared to pull out of negotiations for Sporting CP striker Viktor Gyokeres after the Portuguese club dramatically raised their asking price, according to a report by Record.

1 mins

FIFA Rejects Barcelona's Late Bid for Club World Cup Spot

Barcelona have reportedly been turned down by FIFA after making a late appeal to be included in the 2025 Club World Cup, according to Daily Post sources.

1 mins

Osimhen Sets Star Power Condition for Galatasaray Stay

Victor Osimhen has reportedly laid out clear conditions for staying with Turkish champions Galatasaray, with the signing of marquee players chief among them.

1 mins

AMCON Burden Hits Bank Salaries

A new report has revealed that Nigerian commercial banks are paying their staff significantly less than their counterparts in other African countries—despite managing comparable asset sizes—largely due to the financial burden of regulatory levies such as those imposed by the Asset Management Corporation of Nigeria (AMCON).

3 mins

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The Business NG Description:

प्रकाशक: Tuns-Media-&-Comm-Enterprise

वर्ग: Newspaper

भाषा: English

आवृत्ति: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level