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, […]
Why FG should develop gemstone value chain – Oworu
THE Federal Government has been called upon to expedite actions in developing the gemstone value chain in order to generate foreign exchange and create additional jobs opportunities in Nigeria.
Vehicles to run on nuclear, radioactive fuels- NNRA
THE Nigerian Nuclear Radiation Agency, has predicted that in the near future, companies would start producing cars that run on fuels from nuclear and other radioactive materials.
Bulk electricity users to buy directly from GENCOs
ELECTRICITY consumers, especially bulk users now have an option as the federal government has approved a new policy to enable them buy power directly from the electricity generating companies, GENCOs.
All On makes first investments in Nigerian off-grid energy businesses
NIGERIA’S All On, an independent impact investing company, has made its first set of transactions aimed at facilitating increased access to affordable, reliable and sustainable energy sources for low income households, SME’s, and communities.
Oil cuts “only viable option” to stabilize market, says Barkindo
The Organisation of Petroleum Exporting Countries, OPEC, Secretary-General, Nigerian-born Mohammad Barkindo, yesterday said that the oil market is re-balancing at a quickening pace, proffering production cuts as the “only viable option” to restore stability.
