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NIBSS Orders PTSPs to Recertify Ahead of CBN Geotagging Deadline

temitope adebayo 25 September 2025 0

The Nigeria Interbank Settlement System (NIBSS) has directed Payment Terminal Service Providers (PTSPs) to begin recertification ahead of the Central Bank of Nigeria’s (CBN) October 31, 2025, deadline for the geotagging and geofencing of all point-of-sale (PoS) terminals nationwide. NIBSS,

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FirstBank Unveils Inclusive Banking Services for Physically Challenged Customers

temitope adebayo 25 September 2025 0

FirstBank, Nigeria’s premier financial institution, is set to roll out specialised financial services designed to meet the needs of blind, partially sighted, and physically challenged customers across its operations. The initiative, part of the bank’s broader financial inclusion strategy, underscores its commitment to diversity, equal opportunity, and accessible banking.

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Smart Energies Expands Into Renewables, Launches Clean Mobility Solutions

Guest Writer 25 September 2025 0

BY SAMUEL MOBOLAJI Smart Energies has announced a major expansion of its operations from mass deployment of clean cooking gas to renewable energy solutions designed to transform energy access, affordability, and sustainability across Nigeria. As part of its new programme, the company has rolled out electric motorcycles, solar-powered charging stations, prepaid cooking gas

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Rite Foods Invests In Energy Tech to Cut Emissions, Safeguard Environment

temitope adebayo 25 September 2025 0

Rite Foods Limited has intensified its investment in energy technology to accelerate the reduction of greenhouse gas emissions across its operations, reaffirming its commitment to sustainable manufacturing and environmental protection. The company pledged during a news conference at its Energy Centre in Ososa, Ogun State, to mark this year’s World Ozone Day. General

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NGX Down, Investors Lose N135bn as Selloffs Persist

Motolani Oseni 25 September 2025 0

The equities market of the Nigerian Exchange (NGX) extended its bearish run on Wednesday, as sustained selloffs wiped off about N135.13 billion from investors’ portfolio value. The All-Share Index (ASI) declined 0.20 per cent to close at 140,716.10 points, while market capitalisation settled lower at N89.06 trillion. Year-to-date return also moderated to 36.72 per cent

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FCMB, Truecaller Partner to Boost Customer Trust, Digital Security

temitope adebayo 17 September 2025 0

First City Monument Bank (FCMB) has entered into a strategic partnership with Truecaller, the global trusted communication platform, to strengthen customer engagement and safeguard transactions against rising fraud and impersonation in Nigeria’s financial sector. Under the arrangement, FCMB will deploy Truecaller’s Customer Experience Solution and Branded Caller ID,

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CBN Orders Early Succession Planning for Bank CEOs to Safeguard Stability

Motolani Oseni 17 September 2025 0

The Central Bank of Nigeria (CBN) has directed all Domestic Systemically Important Banks (DSIBs) to secure regulatory approval for successor Managing Directors/Chief Executive Officers (MD/CEOs) at least six months before the expiration of the incumbent’s tenure, in a move designed to strengthen corporate governance and safeguard financial system stability. In a circular

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ICSAN Conference Pushes AI Integration in Governance

temitope adebayo 17 September 2025 0

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has urged stakeholders to embrace artificial intelligence (AI) as a tool for excellence and innovation in governance rather than viewing it as a threat to jobs. Speaking at a pre-conference briefing ahead of ICSAN’s 49th Annual Conference, Vice President Francis Olawale said AI should be […]

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Africa Trails as Global Clean Energy Investment Hits $2.2trn in 2025

Motolani Oseni 17 September 2025 0

Global clean energy investment is set to reach $2.2 trillion in 2025, twice the $1.1 trillion projected for oil, gas, and coal. Yet, Africa is lagging behind in the global energy transition, capturing only a fraction of the flow despite its vast potential and growing population. According to the World Energy Investment 2025 report released […]

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Investors Lose N71bn as NGX Slides on Bank Selloffs

temitope adebayo 17 September 2025 0

The Nigerian Exchange (NGX) closed lower on Tuesday as profit-taking in tier-one banks erased N71 billion from investors’ wealth. The benchmark All-Share Index (ASI) fell by 0.08 per cent to 141,546.80 points, while the market capitalisation dropped to N89.56 trillion at the close of trading. The selloffs in Zenith Bank, UBA, Fidelity Bank, and INTBREW […]

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Micro Pension Contributions Rise Ninefold to N1.46bn in Four Years

Motolani Oseni 17 September 2025 0

Nigeria’s Personal Pension Plan (PPP), formerly the Micro Pension Plan (MPP), has recorded a sharp surge in adoption, with contributions rising ninefold to N1.46 billion between June 2021 and June 2025. The Pension Fund Operators Association of Nigeria (PenOp) said the scheme’s rapid growth highlights its expanding role in driving financial inclusion for workers outside

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NLNG Steps up Methane Emission Cuts with New Technology

Motolani Oseni 16 September 2025 0

Nigeria LNG Limited (NLNG) is intensifying efforts to curb methane emissions by embedding prevention measures into facility design, upgrading brownfield assets, and commissioning advanced technologies, Managing Director and Chief Executive Officer Philip Mshelbila has said. Speaking at a high-level panel during the 2025 Gastech Conference in Milan, Italy, Mshelbila

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NGX Lifts Suspension on Regency Alliance Insurance Shares

temitope adebayo 16 September 2025 0

The Nigerian Exchange Limited (NGX) has lifted the suspension on trading shares of Regency Alliance Insurance Plc, following the submission of its audited financial statements for the year ended December 31, 2024 and outstanding unaudited financial statements for 2025. The suspension was initially imposed due to the company’s failure to file its audited financial

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Nigeria, Peers Struggle with Surging Borrowing Costs, Says Moody’s

Motolani Oseni 16 September 2025 0

Nigeria, South Africa and Kenya are grappling with sharply higher borrowing costs as policy weaknesses, stubborn inflation and fragile market conditions choke access to affordable credit, global ratings agency Moody’s has warned. In its latest credit outlook, Moody’s noted that debt-servicing pressures have risen steeply across sovereigns, banks and corporates in the three

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NACCIMA, Agrofood Nigeria Seal Partnership to Boost Agro-Allied Growth

Motolani Oseni 16 September 2025 0

The Nigerian Association of Chambers of Commerce, Industry, Mines & Agriculture (NACCIMA) has entered into a strategic partnership with Agrofood Nigeria 2026, West Africa’s premier international trade fair for the agro-allied, food, beverage, and packaging industries. The collaboration, announced on Monday, positions NACCIMA as an Institutional Partner and underscores

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Customs Moves to Clear 905 Abandoned Vehicles, Cargoes to Ease Lagos Port Congestion

temitope adebayo 16 September 2025 0

The Nigeria Customs Service (NCS) has commenced the automation of its overtime cargo clearance system in Lagos, a measure expected to fast-track the evacuation of more than 905 abandoned vehicles and hundreds of stalled containers that have clogged key seaports for years. The initiative, unveiled on Monday in Zone A Commands, will cover 434 pieces […]

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20,000 Stakeholders Set for Nigeria Fintech Week 2025 to Shape Digital Future

Motolani Oseni 16 September 2025 0

No fewer than 20,000 innovators, policymakers, regulators, creators, investors, and professionals will converge at the 8th edition of the Nigeria Fintech Week (NFW25) to explore how financial technology is reshaping every facet of the economy—from healthcare and agriculture to transport, entertainment, media, and education. The conference, scheduled for October 7–9, 2025,

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Nigeria’s Trade Surplus Hits N12.64trn in H1, Oil Exports Slide 11.3%

Motolani Oseni 16 September 2025 0

Nigeria recorded a trade surplus of N12.64 trillion in the first half of 2025, even as crude oil receipts weakened by 11.3 per cent year-on-year to N24.92 trillion, according to figures released by the National Bureau of Statistics (NBS) and analysis by Cowry Assets Management Limited. Total merchandise trade climbed 12.88 per cent to N74.06 […]

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Investors Pocket N704bn as NGX Opens Week Strong

temitope adebayo 16 September 2025 0

Equity investors gained N704 billion on Monday as the Nigerian Exchange (NGX) staged a strong rebound, lifted by renewed bargain-hunting in BUA Foods, GTCO, and Unilever Nigeria. The rally pushed the All-Share Index (ASI) up 0.82 per cent, or 1,155.32 points, to close at 141,701.01 basis points. Market capitalisation rose to N89.63 trillion, reversing losses […]

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August Sell-Offs Trigger September Caution, Banks Seen as Market Lifeline

temitope adebayo 10 September 2025 0

Investor sentiment on the Nigerian Exchange (NGX) is expected to remain cautious in September 2025, following sustained sell-offs that began in August, analysts at CardinalStone have said. In their latest equity research note titled “Broad-based Gains in Global Equities; NGX ASI Stalls,” the analysts observed that profit-taking in stocks that rallied through early August