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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...

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

Fake Job Interview Opens Door to $6.3bn Binance Cyberattack

A fake job interview and a malicious coding assignment helped hackers infiltrate Binance's internal systems in a months-long cyberattack that resulted in the theft of $6.3 billion in digital assets, exposing how seemingly routine recruitment processes can become entry points for sophisticated attacks on cryptocurrency exchanges.The world's largest cryptocurrency...

ACAMB Warns Bank Customers as Fraudsters Clone Banking Websites to Steal Credentials

 The Association of Corporate Communication and Marketing Professionals in...

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...

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...

ENERGY

MARKET