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NDIC & NIBSS partner to improve depositor payouts in Nigeria

18.12.2025
The Nigeria Deposit Insurance Corporation and the Nigeria Inter-Bank Settlement System Plc are set to sign a Memorandum of Understanding aimed at ensuring a more efficient process of reimbursement for depositors in the event of bank failure. According to a statement from the NDIC on Wednesday, the Managing Director/Chief Executive of the NDIC, Mr Thompson...
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NGX gains N245bn as banking and insurance stocks rally

18.12.2025
The Nigerian Exchange Limited recorded a bullish performance on Wednesday as renewed investor interest in banking and insurance stocks lifted market capitalisation by N245bn. At the close of trading, the total market capitalisation rose to N95.6tn, reflecting broad-based gains across key sectors despite a decline in the overall trading volume. The All-Share Index advanced by...
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Debt & Salaries Exceed Govt Revenue by 105%

18.12.2025
Debt service and personnel costs have swallowed more than the Federal Government’s total revenue for the first seven months of 2025, even as receipts fell sharply below target and capital projects suffered deep cuts. An analysis of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper, released on Wednesday on the website of the Budget...
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Seplat Energy appoints new non-executive directors

18.12.2025
Seplat Energy Plc has appointed Saidu Mohammed and Larry Ettah as Independent Non-Executive Directors, effective 1 January 2026. The appointments were announced by the company in a statement issued in Lagos and London on Wednesday. According to Seplat Energy, the appointments follow the resignation of Mr Bello Rabiu and Mr Babs Omotowa from the Board...
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Boosting Nigeria’s Health Logistics with Local Capacity

18.12.2025
Scott Dubin, convener of Logistics Marketplace and a global supply chain and logistics expert, examines the Nigerian logistics sector in this interview with FELIX OLOYEDE Nigeria has the largest population in Africa, yet it often relies on external logistics providers for health delivery. What does this reveal about the country’s use of local capacity? Most...
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Lagos Waterfront Tourism Boosted by Nautica Rise Project

18.12.2025
Cruxstone Development and Investment inaugurated the first phase of Nautica Rise, located along Elegushi Beach on the Atlantic coastline, describing it as a long-term mixed-use real estate and tourism destination designed to meet Lagos’s future housing and hospitality needs. The Managing Director of Cruxstone, Dr Adetoro Bank-Omotoye, who spoke with journalists during a media interaction...
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CIS advises students on capital market certification

18.12.2025
The Chartered Institute of Stockbrokers has urged Nigerian students to position themselves for emerging opportunities in the capital market by embracing professional certification and skills development. In a statement made available to our correspondent on Wednesday, the President and Chairman of the Council of the Institute, Oluropo Dada, made the call during the CIS–Yaba College...
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SMEDAN Plans $12bn Funding for Nigerian SMEs in 2026

18.12.2025
The Director-General of the Small and Medium Enterprises Development Agency of Nigeria, Charles Odii, has unveiled a robust agenda for the country’s Micro, Small, and Medium Enterprises sector in 2026, promising increased business formalisation, capacity development, and access to cheap financing for small businesses. Speaking at a press briefing on Wednesday in Abuja to highlight...
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Banks Face 3% Fine Over Late Customs Duty Remittance

18.12.2025
The Nigeria Customs Service has warned that designated banks that fail to remit collected customs revenue within the prescribed period shall be liable to penalty interest calculated at three per cent above the prevailing Nigerian Interbank Offered Rate for the duration of the delay. This is even as the service lamented instances of delayed remittance...
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How the Port Congestion Battle Inspired a New Memoir

18.12.2025
A former Assistant General Manager at the Nigerian Ports Authority, Mr Sylvester Egede, has explained that his role in clearing the traffic congestion between Mile 2 and the Tin Can Island Port corridor was what inspired him to write his newly launched memoir. Egede disclosed this over the weekend during the launch of his book,...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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