BY NKECHI NAECHE-ESEZOBOR—The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks with effect from July 1, 2026, as part of...
The Central Bank of Nigeria (CBN) has released the names of the 46 microfinance banks whose operating licences were revoked for failing to meet the regulatory...
Nigeria’s electricity distribution companies (DisCos) improved their revenue collection performance in April 2026; however, widespread inefficiencies in billing and revenue recovery continue to undermine the power...
BY NKECHI NAECHE-ESEZOBOR—More than 700 employees of AXA Mansard have participated in a nationwide awareness campaign aimed at combating child abuse and gender-based violence, reinforcing the...
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has confirmed that Nigeria has accessed the first $1.5 billion from its $5 billion...
SpaceX founder Elon Musk has regained his trillionaire status after a rally in SpaceX and Tesla shares boosted his net worth by more than $60 billion,...
BY NKECHI BAECHE-ESEZOBOR—The Nigerian Communications Commission (NCC) has secured third place in the 2026 Public Service Reforms Performance Assessment conducted by the Bureau of Public Service...
Wema Bank Plc has suspended its operations on Telegram following a surge in scams involving fake accounts impersonating the bank and defrauding customers. The bank disclosed...
Enterprise Life Assurance (Nigeria) Limited has announced that it has fully met the recapitalisation requirements set by regulators and will not pursue any merger or acquisition...
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern that consumers have yet to benefit fully from the recent decline in global crude oil...