Business
Insurance recapitalisation: Oyedele queries NAICOM over processing fee, payment into escrow account
By Emma Ujah, Abuja Bureau Chief The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has queried the National Insurance Commission (NAICOM) over its imposition of a 1%
NIMASA reiterates commitment to globally competitive maritime administration
By Godwin Oritse The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to building an efficient, transparent and globally competitive maritime administration through sustained reforms and stronger stakeholder
Reps, NDIC seek stronger depositor protection after bank recapitalisation
By Cynthia Alo The Nigeria Deposit Insurance Corporation (NDIC) and the House of Representatives Committee on Insurance and Actuarial Matters have intensified efforts to strengthen Nigeria’s financial safety net following
NERC sacks Kaduna DisCo board over N456bn debt, appoints administrator
By Obas Esiedesa The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) over what it described as grave financial, operational and regulatory failures, appointing
Low import bill pushes Nigeria’s trade surplus to $3.46b
By Elizabeth Adegbesan Driven by an 18.7 percent decline in import bill, Nigeria’s trade surplus rose by 32.06 percent month-on-month (MoM) to $3.46 billion in April 2026 from $2.62 billion
Boosted by Sustained Interest, Stock Market Crosses Historic N160trn Mark
Kayode Tokede The Nigerian stock opened the week on a positive note, as renewed buying interest in Airtel Africa Plc, others pushed the market market capitalisation above historic N160trillion mark.
Aradel’s Oil Output Surges 523% to 139.5 Kboepd in H1
Peter Uzoho Aradel Holdings Plc has delivered a significant first half in 2026, with group production rising 523 per cent to an average of 139,500 barrels of oil equivalent per
Global EITI Assessors Arrive Nigeria for 2026 Validation Exercise
Emmanuel Addeh in Abuja The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced the arrival of the global Extractive Industries Transparency Initiative (EITI) assessors as part of the ongoing 2026
PAC Research Identifies Digital Innovation, Financial Reforms as Key to Closing Africa’s $100bn Trade Finance Gap
Chris Oshiafi PAC Research, one of Nigeria’s leading research outfits, has identified financial architecture, digital innovation, regulatory reforms and political commitment as critical to addressing Africa’s more than $100 billion
Gencos Lose N110.56bn to Stranded Generation Capacity in H1
Emmanuel Addeh in Abuja Generation Companies (Gencos) lost an estimated N110.56 billion in capacity payments in the first six months of 2026 as an average 3,124.50MW of generation capacity remained
