Bamidele Ogunwusi

Nigeria

Finance Editor at Independent (Nigeria)

Bamidele Ogunwusi is a financial journalist currently with Independent Newspapers. A great believer in the Nigerian project and an incurable optimist

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Articles

WED: Unity Bank Rallies Stakeholders For Urgent Action On Plastic Pollution

1 day ago | independent.ng | Bamidele Ogunwusi

1 LAGOS – Environmental activists, climate advocates, and sustainability experts have issued a strong call for urgent, coordinated action to tackle Nigeria’s escalating plastic pollution crisis—describing it as one of the most pressing environmental challenges of the decade. The call came during a webinar hosted by Unity Bank Plc to commemorate this year’s World Environment Day.
Nigeria’s Budget Overlap, Sign Of Effective Fiscal Transition - Tanimu

1 day ago | independent.ng | Bamidele Ogunwusi

1 Nigeria’s ongoing implementation of three separate federal budgets—the 2024 main Appropriation Act, the 2024 Supplementary Budget, and the 2025 Appropriation Act—is not a sign of fiscal confusion but an example of institutional reform, according to Dr. Tanimu Yakubu, Director-General of the Budget Office of the Federation. Speaking on the seeming overlap, Yakubu said the situation is not only legal but necessary for effective fiscal transition.
Bears Halt Rally On Customs Street As NGX Index Down 0.40%

1 day ago | independent.ng | Bamidele Ogunwusi

1 The Nigerian equities market on Thursday halted a six-day bullish streak due to profit-taking in BUA Foods Plc and 36 others, dragging investors’ investments lower by N307 billion. The All Share Index (ASI) shed 485.01 basis points, representing a loss of 0.40 per cent to close at 120,772.68 points. Similarly, the market capitalization lost N307 billion to close at N 76.454 trillion.
DMO Scores Big In June Bond Auction Amid Strong Demand, Lower Yields

2 days ago | independent.ng | Bamidele Ogunwusi

1 The Debt Management Office (DMO) delivered a stronger outing in June as its latest bond auction drew overwhelming investor interest, signaling improved market sentiment and growing confidence in Nigeria’s macroeconomic outlook. At Monday’s Federal Government of Nigeria (FGN) bond auction, the DMO offered N100 billion worth of debt instruments, split equally between the April 2029 and June 2032 maturities.
AI Revolution In Nigerian Finance: From Market Oversight To Customer Delight

2 days ago | independent.ng | Bamidele Ogunwusi

1 Nigeria’s financial landscape is undergoing a quiet revolution—powered not by new banking halls or traditional reforms, but by the rise of artificial intelligence (AI). Once a subject of theoretical speculation, AI is now redefining how Nigerian financial institutions interact with customers, manage risks, and build inclusive, sustainable systems.
Carloha Powers Lifemate’s 19th Anniversary With Tiggo 8 Pro Raffle

4 days ago | independent.ng | Bamidele Ogunwusi

1 Carloha Nigeria, the franchise holder and assembler of Chery vehicles in Nigeria, is proud to announce its partnership with Lifemate for the retailer’s 19th Anniversary Celebration Promo, running from June 1 to June 30, 2025. This landmark collaboration brings together two industry leaders committed to delivering outstanding value and experiences to Nigerians. To commemorate this milestone, Lifemate is rolling out its biggest anniversary promo ever.
Struggling Banks Face Hurdles To Navigate Recapitalisation

5 days ago | independent.ng | Bamidele Ogunwusi

1 …About 10 Lenders Under CBN Watch For Recapitalisation RisksLAGOS – With just nine months to the end of recapitalisation programme by the Central Bank of Nigeria (CBN), there are strong indications that a handful of mid-sized and smaller lenders still see the exercise as a steep uphill climb. With a March 31, 2026 deadline looming, the central bank has stepped up supervisory oversight, introduced time-bound regulatory accommodations, and encouraged strategic actions across the board.
Tobacco Control: What Nigeria Can Learn From New Zealand, South Africa

1 week ago | independent.ng | Bamidele Ogunwusi

1 As Nigeria continues to grapple with the public health burden of tobacco use, contrasting experiences from New Zealand and South Africa are offering critical lessons on what works—and what doesn’t. According to a recent policy analysis titled A Tale of Two Nations, New Zealand’s success with harm reduction strategies stands in stark contrast to South Africa’s restrictive approach, which has inadvertently boosted illicit trade and failed to significantly cut smoking rates.
A Decade Of Legacy: Family, Friends Celebrate Omolara Sonoiki

1 week ago | independent.ng | Bamidele Ogunwusi

1 Ten years after her passing, the legacy of Mrs. Omolara Olaide Sonoiki remains deeply rooted in the hearts of many. Her story continues to inspire a new generation of women leaders, entrepreneurs, and change-makers. She was ahead of her time, bold in vision, firm in conviction, and full of grace. Born on November 8, 1974, to Mr. and Mrs. Johnson Oyewole, Omolara’s journey began with a solid academic foundation.
BII, AfDB, EBRD Support Obelisk Solar Power With $479.1m Loan

1 week ago | independent.ng | Bamidele Ogunwusi

1 British International Investment (BII), the UK’s development finance institution and impact investor, the African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) are providing a total of US$ 479.1 million to Obelisk Solar Power SAE, a special-purpose vehicle incorporated in and owned by Scatec ASA.