Business

The National Pension Commission (PenCom) has issued a directive halting the acceptance and processing of equity contribution applications submitted by First Trust Mortgage Bank Plc and six Primary Mortgage Banks, citing alleged non-compliance with its housing loan guidelines. In a circular dated August 11, 2025, and signed by Obiora Ibeziako, Head of the Benefits and Insurance Department, PenCom instructed all…

Access Bank announced that it has been certified under ISO/IEC 27701:2019, the global standard for Privacy Information Management Systems. This award demonstrates Access Bank  plcs consistent  commitment to the highest levels of data privacy, security, and compliance. The certification affirms that Access Bank operates a Privacy Information Management  System (PIMS), which fully complies with the rigorous requirements of ISO/IEC  27701:2019.…

United Bank for Africa (UBA) Plc, has secured a N5 billion loan facility from the Bank of Industry (BOI), to boost key sectors of the economy and support the growth of sustainable and viable businesses in the country, especially the micro, small, and medium enterprises (MSMEs) owned by women. The facility disbursed through the Federal Government’s MSME Fund, is designed to stimulate…

The Senate Committee on Capital Markets and Institutions in collaboration with the Securities and Exchange Commission is set to hold a national stakeholders summit on Municipal Bonds and Sukuk for Local Government Infrastructural Development in Uyo, Akwa Ibon State from September 29 to 30, 2025. According to the Chairman, Senate Committee on Capital Market and Institutions, Senator Osita Izunaso, the…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has emphasised that integrating intelligence, security, and sustainability is critical to driving Nigeria’s digital transformation and global competitiveness. Inuwa made the remarks in Kano while delivering a goodwill message at the opening of the 19th International Conference (CONNOVATE 2025) of the Nigerian Computer Society (NCS), themed “Intelligent,…

The Nigeria Customs Service (NCS), Kirikiri Lighter Terminal (KLT) Area Command, has achieved a new half-year (H1) revenue record, collecting N89.2 billion between January and June 2025, while stepping up enforcement against smuggling with high-profile seizures. The Customs Area Controller (CAC), Comptroller Joy Edelduok, highlighted the command’s half-year performance during a press briefing recently, attributing the success to a series…

Vice President Kashim Shettima, Lagos State Governor Babajide Sanwo-Olu, Aliko Dangote, the Ooni of Ife, Oba Adeyeye Ogunwusi, alongside politicians, business leaders and other dignitaries, gathered in Lagos to celebrate the 35th anniversary of Zenith Bank. The dignitaries praised the founder, Jim Ovia, for his leadership and vision, which have made Zenith Bank one of the leading financial institutions in…

Oxygen X Finance Company Limited, the digital lending subsidiary of Access Holdings Plc, said it has disbursed over N3.5 billion in consumer loans to about 4000 active customers so far in 2025 to affirm its entry into the highly competitive digital lending landscape The Finance Company  company noted that it is redefining access to credit in Nigeria through bold innovation,…

….targets 60% women participation By Kunle Sanni The federal government has launched a new national skills programme designed to connect 20 million young Nigerians to jobs, training, and entrepreneurship by 2030 — with at least 60 per cent of beneficiaries expected to be women. The initiative was announced in Abuja on Wednesday during the inaugural meeting of the reactivated Generation…

‎The Managing Director and Chief Executive Officer of APT Securities and Funds Limited, Kasimu Garba Kurfi, on Thursday projected that the Nigerian Exchange (NGX) market capitalisation will surpass N100 trillion by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market activities. ‎Speaking at the Mid-Year 2025 Capital Market Review and Outlook organised by…