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MARKETS AND ECONOMY
N1.23trn Raised for Power Sector Debt Settlement as September Generation Falls 0.30%
Nigeria's N1.23 trillion power sector debt settlement programme faces an operational test as average electricity generation declined by 0.30 per cent in September 2026, despite a 5.89 per cent increase in available generation capacity, raising questions about the impact of government-backed financing on electricity supply.The Federal Government raised N1.23...
Nestlé Nigeria’s Q3 2026 Revenue Rises to N976.53bn as Profit After Tax Grows 43%
Nestlé Nigeria Plc reported a 10.4 per cent increase...
Nestlé Nigeria Seeks SEC, FCCPC, Shareholder Approval for Transfer to Peranel JV
Nestlé Nigeria Plc has moved to secure regulatory and...
HBM Nigeria’s 9M 2026 Revenue Rises 18.9% to N928.25bn as Profit After Tax Hits N271.99bn
HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded an...
We Are Building Towards a $1trn Economy — Tinubu; Defends Foreign Loans
President Bola Tinubu has defended his administration’s borrowing strategy,...
FCCPC Warns DisCos Over Estimated Billing, Illegal Disconnections
The Federal Competition and Consumer Protection Commission (FCCPC) has...
Power Minister Tegbe Unveils Plan to Stabilise Nigeria’s Electricity Grid
Minister of Power Joseph Tegbe has outlined plans to...
Tech World
FINANCE
MoMo PSB Records 69.1% Quarterly Transaction Growth After Migration to Alipay+ Platform
MoMo Payment Service Bank (MoMo PSB), the fintech subsidiary of MTN Nigeria Communications Plc, recorded a 69.1 per cent quarter-on-quarter increase in transaction volumes in the third quarter of 2026, following its migration to the Alipay+ platform in August.
MTN Nigeria disclosed this in its financial results for the nine...
Coronation Insurance Resubmits SEC Application for Minority Buyout, Delisting
Coronation Insurance Plc has resubmitted its application to the...
Police Pension Reform: IG Proposes 200% Gratuity, Salary-Linked Benefits
The Inspector-General of Police, Olatunji Disu, has proposed a...
Nigeria’s Recapitalised Banks and Missing Link Between Profit and Prosperity
By Blaise UdunzeNigeria’s banking industry has spent years rebuilding...
PalmPay Partners Police Cybercrime Centre to Strengthen Fraud Prevention Awareness
PalmPay has partnered with the Nigeria Police Force National...
UBA Wins Legal Battle to Recover N156bn Debt From Stallion Group
United Bank for Africa Plc (UBA) has secured a...
Nigeria’s Foreign Reserves Hit $55.1bn, Highest in 18 Years – Cardoso
Nigeria’s foreign exchange reserves have risen to $55.1 billion,...
GENERAL NEWS
UBA Launches Group-Wide Climate Action Week to Advance Green Finance and Sustainability Across Africa
Africa’s Global Bank, United Bank for Africa (UBA) Plc,...
Nigeria’s $1tn Economy Ambition Depends on Scaling Small Businesses – Oyedele
Nigeria’s plan to build a $1tn economy will depend...
Varsities Claim 73.2% of FG’s N38.93bn Tertiary Institution Fund
The Federal Government has disbursed N38.93 billion to 166...
NSIA, Africa50 Launch $300m Fund to Expand Nigeria’s Renewable Energy Access
Nigeria has launched a $300 million fund to accelerate...
REA Restores Electricity to Two Kano Communities After 16 Years, Targets 2,222 Households
The Rural Electrification Agency (REA) has restored electricity to...
FG Reviews Overseas Training Policy After 80% of Sponsored Nigerians Fail to Return
The Federal Government has discontinued its overseas training programme...
LG Billions in the Dark: Falana to Keynote as Olorunyomi chairs DevReporting Documentary Screening
Human rights lawyer and Senior Advocate of Nigeria, Femi...
media outreach
Travels & Aviation
Appointments & RECOGNITIONS
VIEWPOINTS
Nigeria’s Recapitalised Banks and Missing Link Between Profit and Prosperity
By Blaise UdunzeNigeria’s banking industry has spent years rebuilding capital, restructuring institutions and celebrating stronger financial performance. Amidst all...