Business news
Glovo Launches Abuja LiveOps Hub to Boost Trust and Efficiency in Nigeria’s Digital Economy
Global on-demand service platform, Glovo, has reaffirmed its commitment to building trust and reliability in Nigeria’s digital economy through the...
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CBN Reports Decline in Banks’ Capital Adequacy Ratio to 12% After Withdrawal of Regulatory Forbearance
The Central Bank of Nigeria (CBN) has reported a decline in the Capital Adequacy Ratio (CAR) of the banking industry...
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NDIC Orders Banks to Resolve Customer Complaints Within Two Weeks or Face Escalation
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its directive to banks to resolve customer complaints within two weeks, warning...
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Nigeria’s Active Electricity Customers Rise to 11.96 Million in August — NERC
The Nigerian Electricity Regulatory Commission (NERC) has announced that the total number of active electricity customers nationwide increased from 11.89...
Read moreNDIC Gains Stronger Legal Powers to Prosecute Bank Failures
The Nigeria Deposit Insurance Corporation (NDIC) now has stronger legal powers to prosecute individuals responsible for bank failures, according to...
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Nigeria’s iDICE Programme to Launch Two New Funds for Tech and Creative Start-Ups in 2026
The Federal Government of Nigeria’s Investment in Digital and Creative Enterprises (iDICE) programme has announced plans to launch two additional...
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“Goddess of Wealth” Faces Jail After UK Police Seize $6bn in Bitcoin
A Chinese businesswoman once nicknamed the “goddess of wealth” is facing a lengthy prison sentence in the United Kingdom after...
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NIBSS Executes First Transaction on National Payment Stack Between PalmPay and Wema Bank
The Nigeria Inter-Bank Settlement System (NIBSS) has announced the successful execution of the first-ever payment on the National Payment Stack...
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EKEDC Appoints Rekiah Momoh as Acting CEO
The Board of Eko Electricity Distribution Company (EKEDC) has announced the appointment of Rekiah Momoh as the company’s Acting Chief...
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FG Borrowed ₦17.36trn in 10 Months — 80% Above 2025 Budget Limit
The Federal Government (FG) has borrowed a total of ₦17.36 trillion from both domestic and external sources within the first...
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