PenCom blacklists Infinity Trust, AG, 5 other Mortgage banks, suspends RSA equity contributions
The National Pension Commission (PenCom) has issued a directive halting the acceptance and processing of equity contribution applications submitted by seven Primary Mortgage Banks, citing alleged non-compliance with its housing…
Ellah Lakes announces 1,500-hectare oil palm expansion for 2026
Ellah Lakes Plc’s Chief Executive Officer, Chuka Mordi, has announced plans to expand the company’s oil palm operations with an additional 1,500 hectares set for planting in 2026. The post…
Nigeria leads Africa’s stablecoin market with $22 billion in transactions in one year—Report
Nigeria has emerged as Africa’s biggest stablecoin market, with nearly $22 billion worth of transactions recorded between July 2023 and June 2024. The post Nigeria leads Africa’s stablecoin market with…
INEC’s By-elections and lessons not learnt by Reuben Abati
The by-elections held across the country last Saturday in 16 constituencies across 12 states, in terms of the organization, the process and outcomes would seem to confirm one painful truth,…
Naira begins week lower at N1,533.67/$, defying improved market outlook
The Nigerian naira had a marginal negative start to the week, trading at 1,533.67/$ on the Nigerian Foreign Exchange Market, down 0.08% from 1,532.51/$ on Friday. The post Naira begins…
Nigeria risks wasting billions of Naira over non-adoption of technology by tertiary institutions- TETFund
The Executive Secretary of the Tertiary Education Trust Fund (TETFund), Sonny Echono, has warned that billions of naira already invested in digital infrastructure in Nigeria’s tertiary institutions could go to…
Seplat completes first domestic LPG supply from Bonny River Terminal, delivers 12,600 metric tons
Seplat Energy Plc, in partnership with the Nigerian National Petroleum Company Limited (NNPCL), has completed its first domestic supply of Liquefied Petroleum Gas (LPG) – Butane – from the Bonny…
INEC: 69,376 Nigerians completed online voter pre-registration in seven hours nationwide
The Independent National Electoral Commission (INEC) has disclosed that no fewer than 69,376 Nigerians completed their online pre-registration within the first seven hours of the nationwide Continuous Voter Registration (CVR)…
FG directs RMAFC to conduct due diligence on new equitable revenue allocation formula
The Federal Government has instructed the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to undertake a comprehensive due diligence process in the development of a new and equitable revenue allocation…
Nigeria Utilises Only 41% of Installed Generation Capacity Amid Stranded Power Crisis
Emmanuel Addeh in Abuja The power sector in Nigeria has again highlighted the paradox that has defined its electricity supply chain, marked by significant installed generation capacity but little actual…