eTranzact partners SMEDAN to expand digital access for SMEs
By Elizabeth Adegbesan eTranzact International Plc has reaffirmed its commitment to supporting Micro, Small and Medium Enterprises, MSMEs, through digital payment solutions, as it deepens its partnership with the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN, to promote financial inclusion. The commitment was made at the SMEDAN/eTranzact Town Hall Engagement, themed, “Financial Literacy and […]
Stakeholders raise alarm over security gaps in nation’s ports
•Demand return of tally clerks, on-board security men By Victor Ahiuma-Young Organised labour and maritime operators have sounded the alarm over growing security and revenue-leakage risks at the nation’s seaports. They say the absence of registered tally clerks and on-board ship gangway security men has left vital port operations exposed to fraud and illicit activity. They […]
Inadequate gas throws Geometric Power into first blackout in 60 days
By Udeme Akpan Geometric Power, Nigeria’s foremost integrated electricity group, has suffered its first blackout in 60 days. The blackout started at 4.33 am, according to Edise Ekong, the Senior Brand and Communication Manager of Aba Power Electricity Company Ltd, the distribution subsidiary of the group. Ekong, in a statement in Aba, attributed the power failure […]
Macroeconomic stability, predictability key to attracting investors — Cardoso
Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) Governor, Mr. Yemi Cardoso, has emphasized that Nigeria does not need to persuade investors to invest if the nation maintains strong macroeconomic fundamentals. Speaking at the bank’s 2025 Executive Seminar, Cardoso said stability and predictability are crucial to attracting capital. “Stability is at the core of […]
NDIC reaffirms 2wks deadline for banks to resolve customers’ complaint
By Omolara Ojugbele, Ayomide Kasali & Olaoluwa Olaleye The Nigeria Deposit Insurance Corporation (NDIC) has reiterated its directive to banks to resolve customers’ complaints within two weeks, warning that unresolved cases after the deadline can be escalated directly to the Corporation for intervention. The move, according to the NDIC, is part of its renewed commitment to […]
Edun pledges review of capital gains tax to boost investor confidence
•As MOFI Real Estate Investment Fund Lists on NGX By Peter Egwuatu The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has assured investors that the Federal Government will revisit provisions on Capital Gains Tax (CGT) in the new tax reform framework to ensure a fair and investor-friendly outcome. Edun made this […]
InfraCredit’s Guarantee mobilises Local Currency Debt for CEESOLAR’s energy project
By Economy Editor, Babajide Komolafe InfraCraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution has announced its credit enhancement of CEESOLAR Energy Limited’s local currency debt issue under a co-financing arrangement with the Climate Finance Blending Facility (CFBF). This marks the fifth transaction under the Facility, which was seeded with £10 million concessional capital from the […]
FRC to adopt Islamic Finance reporting framework in Nigeria
By Elizabeth Adegbesan The Financial Reporting Council of Nigeria (FRC) has announced plans to formally integrate Islamic Finance Services into the country’s financial reporting framework by adopting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The Executive Secretary/CEO of the FRC, Dr. Rabiu Olowo, disclosed this in Lagos during his […]
UBA headlines Lagos International Trade fair
…makes special offer to customers The United Bank for Africa (UBA) Plc, has reiterated its commitment towards supporting the growth of Small and Medium Enterprises, SMEs, for global impact, as it headlines the sponsorship of the Lagos International Trade Fair (LITF) for the seventh consecutive year. Organised by the Lagos Chamber of Commerce and Industry (LCCI), […]
Customs in Port Harcourt collects N247bn Jan-Oct
By Emma Ujah, Abuja Bureau Chief The Controller of the Command, Port Harcourt Area I Command, of the Nigerian Customs Service, Comptroller Salamatu Atuluku, has disclosed that the Command had already surpassed the 2025 annual revenue target of N216 billion by N18.1 billion as of October. She stated: “Impressive is the Command’s cumulative revenue for the […]
Nigeria’s private sector credit soars 75.9% in 2 years
By Peter Egwuatu Credit to the Private sector, CPS, in Nigeria has expanded significantly in the last two years, growing by 75.9 % to hit all time high of N117.783 trillion as at September 2025 from N66.944 trillion in the corresponding period 2023. CPS includes loans, trade credits and other account receivables and supports provided by banks […]
