Business

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Thompson Oludare Sunday, has called for enhanced collaboration between the Corporation and the Chartered Institute of Bankers of Nigeria (CIBN) in addressing emerging risks and challenges within Nigeria’s banking sector. L-R: President/Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Deji Pius Olanrewaju presenting the Institute’s…

Fidelity Bank Plc, has announced its readiness to begin the disbursement of funds under the National Credit Guarantee Company (NCGC) N5 billion Credit Intervention Scheme. The initiative is designed to expand access to finance for Micro, Small and Medium Enterprises (MSMEs), as well as businesses owned by women and youths across Nigeria. This was disclosed by the Managing Director/Chief Executive…

At the ongoing World Ports Conference in Kobe-Japan, Port professionals drawn from 64 Countries have endorsed the election of the Managing Director Nigerian Ports Authority (NPA) Dr. Abubakar Dantsoho as Vice-President of the International Association for Ports & Harbours (IAPH). The Nigerian Ports on a post on X stated that the  endorsement is coming on the heels of the administration…

The Nigerian equities market maintained its upward trajectory, closing on Wednesday’s session positively as heightened investor interest drove the market value up by N459 billion. The All Share Index (ASI) gained by 723.83 points, representing a growth of 0.50 per cent to close at 145,719.09 points. Also, market capitalisation gained N459 billion to close at N 92.490 trillion. The upturn…

Nigeria’s economic and market reforms have gained global momentum as FTSE Russell announced the inclusion of the country on its Watch List for possible reclassification from Unclassified to Frontier Market status. The announcement, published in the FTSE Equity Country Classification Annual Review 2025, follows confirmation from market participants that the foreign exchange backlogs and capital repatriation delays which led to…

By Folashade Olorunfemi‎‎In commemoration of the 2025 Customer Service Week, the Edo State Health Insurance Commission (EDOHIC) has commenced series of activities across the three senatorial districts of the Edo state, to celebrate its enrollees and reaffirm its commitment to quality and effective service delivery.‎During the commencement of the celebration at the Commission’s Corporate office in Benin City, the Director…

By Kunle Sanni – The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn the criminal case it filed against MultiChoice Nigeria Limited and some of its top executives following an amicable resolution between both parties. At the Federal High Court in Abuja on Monday, FCCPC’s counsel, Daniel Amadi, informed Justice James Omotosho that the dispute had been settled out…

The Nigerian equities market on Tuesday  sustained its positive momentum on a bullish note as renewed investor interest lifted the market up by N109 billion. The Nigerian Exchanghe Limited All Share Index (NGX ASI) gained by 172.48 points, representing a growth of 0.12 per cent to close at 144,995.26 points. Also, market capitalisation gained N109 billion to close at N…

The Federal Competition and Consumer Protection Commission (FCCPC) has withdrawn its charge against MultiChoice Nigeria Limited, its CEO, John Ugbe, and some of the Pay TV directors, bordering on alleged impediment of its investigation and failing to comply with its lawful summons regarding its services. The notice of withdrawal of the charge sheet marked FHC/ABJ/CR/197/2025, was orally withdrawn by the …