Nigeria Deposit Insurance Corporation Managing Director Thompson Sunday stated the agency now operates with enhanced legal authority to pursue bank liquidation responsibilities following the 2023 NDIC Act and 2020 Banks and Other Financial Institutions Act during a visit from Business Recovery and Insolvency Practitioners Association of Nigeria leadership at the corporation headquarters in Abuja. Sunday…
Nigerian Exchange Group will leverage its expanding non-interest finance board to channel compliant capital into productive economic sectors, with Chairman Umaru Kwairanga stating the platform has attracted over 1.3 trillion naira in listed sukuk instruments while working with the Securities and Exchange Commission and National Insurance Commission to strengthen governance frameworks for ethical investors. Chief…
Alternative Bank is broadening non-interest financing programs for women and youth farmers across Nigeria through risk-sharing arrangements that replace conventional credit models, according to Executive Director Korede Demola-Adeniyi, who addressed the Agriculture Summit Africa gathering in Abuja. The institution deployed tricycles to 120 women in Kano under a pilot addressing rural transportation safety while launching…
Access Holdings recorded 3.9 trillion naira in gross earnings through September 2025, marking a 14.1 percent advance from the prior year as interest income climbed 21.1 percent to 2.9 trillion naira while fee and commission revenue jumped 44.3 percent to 476 billion naira on expanded transaction volumes across digital channels. The parent company of Access…
The Lee Group and National Sugar Development Council have advanced plans to construct a major sugar facility in Taraba state as part of Nigeria’s drive toward domestic production self-reliance. Executive Secretary Kamar Bakrin, who accompanied Lee Group representatives to meet Governor Agbu Kefas, stated the location satisfied all technical and environmental standards while the investor…
Budget and Economic Planning Minister Abubakar Atiku Bagudu urged Germany to shift bilateral relations toward measurable outcomes supporting Nigeria’s target of reaching a $1 trillion economy by 2030 during discussions with a Giessen Chamber of Commerce delegation led by Chief Executive Officer Matthias Leder in Abuja. The minister emphasized that President Bola Tinubu’s administration seeks…
Nigeria commands roughly 15 percent of private capital deal volume across Africa while facing an annual financing gap of $31.5 billion against sustainable development targets requiring $47.6 billion, according to findings presented on Monday at the Impact Investors Foundation’s eighth annual gathering in Lagos. The 2025 ecosystem report documented $3 billion in private equity and…
President Bola Tinubu has authorized N758 billion in bond issuances to settle outstanding pension obligations dating to 2007, according to National Pension Commission Director-General Omolola Oloworaran, who addressed a contributory pension scheme workshop for federal employers and desk officers in Abuja. The funds will eliminate arrears for salary increases owed to retired civil servants while…
PowerChina/I²-ESS and Katar Communications formalized an agreement to expand renewable energy infrastructure throughout northern Nigeria with particular emphasis on Kano State, during the Nigeria Energy Exhibition and Conference held in Lagos. Global Director Sammi Zhou stated the collaboration will combine her company’s engineering capabilities with the telecommunications firm’s regional distribution network to deliver electricity access…
Emirates airline will restore operations to Nigeria after nearly two years, ending a service suspension triggered by blocked fund repatriations that led the United Arab Emirates to halt visa issuances for Nigerian nationals in 2022. Deputy President and Chief Commercial Officer Adnan Kazim credited the Nigerian government’s cooperation in reestablishing the route, which previously served…
