bridging information and transformation
The chairman of the Cross River State Anti-Illegal Mining Taskforce, Prince Paul Effiong, has vowed to sustain the clampdown on illegal mining activities in the state despite the Inspector General of Police (IGP) ‘s invitation, detention, and interrogation. The taskforce chairman made the vow yesterday in Calabar while giving insight on his recent invitation, detention, […]
The nation’s digital goals are currently threatened. The National Bureau of Statistics (NBS) Capital Importation Report revealed that the telecommunications sector’s capital importation plummeted by a whopping 58 per cent year-on-year to just $80.78 million in Q1 2025. This alarming decline contrasts with the national trend, where total capital importation rose to $5.6 billion. More […]
The Nigerian Economic Summit Group (NESG) has raised serious concerns over the country’s weakening industrial capacity and the overwhelming dominance of the informal sector, warning that these structural deficiencies are threatening Nigeria’s long-term economic growth and development. Presenting findings from a new research study on Wednesday, the Group disclosed that despite several promises and policy […]
The Nigerian equities market yesterday extended its bullish run as sustained investor confidence drove market capitalisation to N92 trillion. This positive momentum underscores growing optimism around the resilience of market fundamentals and corporate earnings potential. As a result, the All-Share Index rose by 1,017.49 per cent, representing a gain of 0.70 per cent, to close […]
Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been awarded the Best Investment Bank in Nigeria 2025 at the Global Banking and Finance Awards, underscoring the institution’s dedication to delivering world-class investment banking solutions that foster sustainable growth and generate long-term value for clients throughout Nigeria and beyond. The Global Banking and Finance […]
United Bank for Africa (UBA) Plc, has launched the successful integration of the Pan-African Payment and Settlement System (PAPSS) into its AI-powered chatbot, LEO, becoming the first financial institution to enable cross-border payments on a chatbot platform in Africa, enabling instant, seamless, and secure transactions in local currencies between African countries. Speaking at the launch […]
The Nigeria Deposit Insurance Corporation (NDIC) has announced the payment of N54.62 billion to 691,418 depositors of the defunct Heritage Bank, less than a year after the financial institution was closed. The NDIC also disclosed it had declared a liquidation dividend of 9.2 kobo per Naira for uninsured depositors of the bank. This was revealed […]
A faulty transformer at Egbin Power Plc has sparked a fire yesterday, causing a significant disruption to the electricity supply in parts of Lagos, the Transmission Company of Nigeria (TCN), has reported. TCN’s general manager, Public Affairs, Ndidi Mbah, who made this known said the incident originated from a faulty 33kV instrument transformer owned by […]
Oando Foundation has launched the Green Youth Upskilling Programme (GYUP) pilot, a workforce development initiative for young Nigerians in the renewable energy and waste management sectors. The launch also marks the formal introduction of the project implementing partner, Nigeria Climate Innovation Centre (NCIC), and technical training providers supporting the programme. The Green Youth Upskilling Programme […]
Fitch Ratings has downgraded Union Bank of Nigeria PLC’s (UBN) Viability Rating (VR) to ‘f’ from ‘ccc’, while affirming its Long-Term Issuer Default Rating (IDR) at ‘CCC’. It also affirmed the bank’s National Long-Term Rating at ‘B+(nga)’ with a Stable Outlook. The ‘f’ rating is the lowest possible VR and indicates the bank’s failure to […]