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Heritage Bank: NDIC declares N24.3bn second liquidation dividend to uninsured depositors

By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has declared a second liquidation dividend of N24.3 billion to depositors of the defunct Heritage Bank Limited whose account balances exceeded the statutory insured limit of N5 million as at the date of the bank’s closure. The declaration followed sustained asset recovery efforts by the Corporation […]

Tinubu broke education pact, abandoned students abroad – Atiku alleges

Former Vice President, Atiku Abubakar, has accused the administration of President Bola Tinubu of abandoning Nigerian students studying overseas under the Bilateral Education Agreement, BEA, warning that the alleged breach has left about 1,600 young Nigerians stranded abroad and stripped of support.

Seme Customs records 117% revenue surge, tightens border security

By Providence Ayanfeoluwa   The Nigeria Customs Service, NCS, Seme Area Command, closed 2025 with a record of 117 percent revenue surge, generating a total of N15.6 billion as against N7.2 billion it recorded in 2024. The Command achieved its highest-ever monthly revenue in December 2025 when it generated N3.63 billion.   A statement made available by the […]

Banks slash loans to manufacturers, traders by N2.1trn

Loans to five sectors drop 17.5% to N16.43trn in 6mth By Babajide Komolafe At the backdrop of the challenges confronting the manufacturing sector, including  structural bottlenecks, weak consumer demand and high interest rate, banks slashed loans to manufacturers and traders by  N2.1 trillion in the first six months of  2025 to  N10.946 trillion at the end of […]

NGX rally gathers pace as investors coast home with over N3.8trn gain

•As Tinubu urges Nigerians to deepen participation   By Peter Egwuatu  The Nigerian equities market extended its upward movement last week, posting another strong close as investors garnered N3.837 trillion gain from their investment. Analysts attributed the gain to sustained confidence and resilience of the market.   The trading was characterised by sustained buying interest, sector rotation and […]

Go for gold, Diaspora community charges Super Eagles

By Femi Bolaji JALINGO — The Nigerian Community in Turkey has urged the Super Eagles to “Go for Gold” following their 2-0 victory over Algeria in the African Cup of Nations quarterfinals. President of the group, Prince Magbo, commended the team for their display of skill and professionalism on the pitch. He noted that the […]

LASU hosts international conference on community psychology

…VC assures on excellent hosting By Adesina Wahab Lagos State University, LASU, Ojo, is set to host the 11th international conference of community psychology, ICCP, slated for August 28 to September 7, this year.Briefing the press on Monday, the Vice Of Chancellor, Prof. Ibiyemi Olatunji-Bello, who is also the Chairperson of the Local Organising Committee, […]

Post Insurgency: Why Buni constructs multi-billion Ultra Modern Markets in 9 LGAs

— Commissioner Bego reveals By Ndahi Marama, Damaturu The Commissioner for Home Affairs, Information and Culture in Yobe state, Hon. Abdullahi Bego has revealed that Governor Mai Mala Buni injected billions of naira for the construction of Ultra Modern and Modern Markets across nine (9) local government areas strategically to enhance the economic potentials of […]

Why many Nigerians choose non-interest banking — Summit Bank CEO

Non-interest banking appears to be gaining momentum in Nigeria’s financial landscape. In this interview with Emeka Anaeto, Business Editor of Vanguard Newspaper, the Managing Director of Summit Bank Limited, Dr. Sirajo Salisu, gave insight into the operations in the sub-sector as well as what his organization is bringing to the table. Excerpts. Licensed in February 2025 and […]

Electricity: FG proposes N1.096trn for capital projects in 2026 budget

•REA tops with N502bn By Obas Esiedesa Abuja-The federal government has provided N1.096 trillion to execute capital projects in the 2026 appropriation bill, with the Rural Electrification Agency, REA, given the highest allocation of N502.21 billion. The Federal Ministry of Power, overseen by Chief Adebayo Adelabu, has N416.748 billion allocation for capital projects. The government […]

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