We’ve started paying depositors of 46 microfinance banks — NDIC
•Over 700,000 Heritage Bank depositors paid By Cynthia Alo The Nigeria Deposit Insurance Corporation, NDIC, has said that it has commenced payment of depositors of the 46 microfinance banks whose operating licences were revoked by the Central Bank of Nigeria, CBN, in July 2026. The Managing Director and Chief Executive Officer of NDIC, Mr. Thompson Sunday, […]
Dangote Refinery critical to Nigerian’s $1trn economy vision, says FG
The Federal Government has described the Dangote Petroleum Refinery and Petrochemicals as a cornerstone of Nigeria’s ambition to build a $1 trillion economy, pledging deeper collaboration with the private sector to accelerate industrialisation, job creation and economic transformation.
NGX Group declares N1.30 per share interim dividend in H1’26
The Nigerian Exchange, NGX Group Plc, has announced an interim dividend of N1.30 per ordinary share for the six months ended 30 June 2026, following a record first-half financial performance.
CBN records N136bn surplus in 2025
The Central Bank of Nigeria, CBN, recorded N136 billion surplus in 2025, representing a 251 percent increase compared to N38.83 billion in 2024.
AVA Capital set for NGX listing to strengthen market visibility
By Peter Egwuatu AVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited (NGX) by way of Listing by Introduction on Friday. According to a statement made available to Vanguard, the listing is a strategic transition into the […]
Customs agents threaten protest over alleged manifest manipulation by shipping firms
By Godwin Oritse Members of the Association of Nigerian Licensed Customs Agents (ANLCA) have threatened to stage a protest over the alleged manipulation of ship manifests by some shipping companies, warning that they will expose those responsible if urgent action is not taken. The agents said the practice could disrupt port operations and further weaken the […]
