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President Bola Tinubu has called on Nigerian banks to shift more of their lending towards businesses and productive sectors, arguing that the country’s recent banking recapitalisation must translate into greater investment, production and job creation. Speaking at the 19th Annual Banking and Finance Conference of the Chartered Institute of Bankers of Nigeria, Tinubu said attractive returns on government securities had made private-sector lending less compelling and urged banks to provide more affordable credit to businesses.
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Tinubu Urges Banks to Shift Lending From Government to Businesses
President Bola Tinubu has urged Nigerian banks to redirect more capital from government securities towards businesses and productive sectors, saying the next phase of Nigeria’s economic reforms must translate improved macroeconomic stability into investment, production and jobs.
Nigerian Manufacturers Spend ₦1.34tn on Alternative Power in 2025
Nigerian manufacturers spent ₦1.34 trillion on alternative electricity sources in 2025 as unreliable grid supply forced factories to rely increasingly on generators and other off-grid solutions.
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Tinubu Urged to Ensure FHA Respects Court Process in Lagos Property Dispute
A developer has urged President Bola Tinubu to ensure that the Federal Housing Authority (FHA) complies with court processes in an ongoing property dispute before the Lagos State High Court, Ikeja Judicial Division.
Lagos Housing Becomes Landlords’ Market as ADC Promises 20,000 Homes Annually
Lagos’ housing market has become increasingly favourable to landlords as demand continues to put pressure on available homes, according to the African Democratic Congress (ADC), which has proposed delivering 20,000 housing units annually if elected to govern the state.
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FCTA Tightens Mining Rules as Abuja Quarry Operators Face Sanctions
The Federal Capital Territory Administration (FCTA) has intensified inspections of quarry and mining operations in Bwari Area Council, warning operators that failure to comply with safety, environmental and statutory requirements could lead to sanctions, including suspension or closure.
Three-Storey Building Collapses in Abuja’s Wuse Zone 4 After FCTA Sealing
A three-storey building collapsed in Wuse Zone 4, Abuja, at about 7 p.m. on Monday, September 7, 2026, with rescue operations launched at the scene. The Federal Capital Territory Administration (FCTA) had reportedly sealed the building earlier that day and directed occupants to leave the premises.
Quote of the day:
“Progress begins the moment systems replace shortcuts, and accountability becomes the standard.”
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