Business
We’ve started paying depositors of 46 microfinance banks — NDIC
•Over 700,000 Heritage Bank depositors paid By Cynthia Alo The Nigeria Deposit Insurance Corporation, NDIC, has said that it has commenced payment of depositors of the 46 microfinance banks whose operating
Senate backs EKEDP’s turnaround, seeks solution to sector bottlenecks
By Udeme Akpan, Energy Editor The Senate Committee on Privatisation has commended Eko Electricity Distribution Plc (EKEDP) for its improved operational performance since the privatisation of Nigeria’s power sector, while pledging
NGX Group declares N1.30 interim dividend as H1 profit jumps 146%
By Peter Egwuatu The Nigerian Exchange (NGX) Group Plc has declared an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026, following a strong first-half
Aba Power promises electricity restoration as gas repairs near completion
By Udeme Akpan Aba Power has assured residents and businesses in the Aba Ring-fenced Area that electricity supply will be restored before the end of the week following progress in
Consumers paid N208.15bn for electricity in May — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid a total of N208.15 billion for power supplied in May 2026, as electricity distribution companies (DisCos) improved their revenue collection efficiency
NESG says business confidence rising despite soaring costs
•But warns energy prices, credit squeeze threaten outlook By Babajide Komolafe Nigeria’s business environment recorded stronger expansion in July 2026 despite rising operating costs, but the Nigerian Economic Summit Group,
‘Banking Sector Recapitalisation Will Strengthen Nigeria’s Financial Ecosystem’
Managing Director, FairMoney Microfinance Bank, Henry Obiekea, has stressed the need for the implementation of the ongoing recapitalisation programme of the Central Bank of Nigeria (CBN), describing it as a strategic investment that will strengthen Nigeria’s financial
ASUS, Konga Unveil Flagship Experience Store in Lagos
ASUS, in partnership with Konga, has officially unveiled its first flagship experience store in West Africa, located in Computer Village, Ikeja, Lagos. The state-of-the-art facility represents a major investment in
Fadahunsi: AVA Capital Has Significantly Expanded Governance, Disclosure Responsibilities
Kayode Tokede The Managing Director and Chief Executive Officer, AVA Capital Plc, Mr. Kayode Fadahunsi has revealed that the recent listing on the Nigerian Exchange Limited (NGX) has significantly expanded
SPIN to Convene Sustainability Leaders at Inaugural Conference
The Sustainability Professionals Institute of Nigeria (SPIN) is set to hold its inaugural Sustainability Conference 2026, a landmark national gathering that will bring together business leaders, policymakers, regulators, financial institutions,
