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Nigerian authorities established a ministerial approval panel and endorsed a technology partnership with equipment financing regulators to expand business access to machinery credit while streamlining industry oversight. Finance Minister Wale Edun opened the first session of the board on...

Nigeria's capital market segment focused on ethical finance products has grown beyond 1.6 trillion naira in value as regulatory changes encourage investment aligned with religious principles, according to the securities regulator. Emomotimi Agama of the Securities and Exchange Commission said...

A Nigerian sustainability firm says the upcoming United Nations climate summit in November represents a chance to convert pollution reductions into financial returns through emerging carbon trading systems. Netzence Sustainability Limited plans to demonstrate how emission cuts can generate...

Officials from Kano State praised transportation improvements achieved in Lagos after completing a study mission to examine reforms that could guide their efforts to modernize mobility systems back home. Transportation Commissioner Haruna Isa Dederi brought his delegation to Nigeria's...

Improved natural gas deliveries from Heirs Energies have boosted electricity output at two generating stations controlled by Transcorp Group, according to the conglomerate's chief executive. Owen Omogiafo told investors and financial analysts on Tuesday that Heirs Energies restored production...

Relatives of Alhaja Maryam Iyabode Adebimpe marked three years since her death with tributes honoring the former municipal property official who worked for Oyo West Local Government in Ojongbodu. Family members issued a statement describing her as a faithful Islamic believer who showed devotion...

The annual Almond Insurance Industry Awards ceremony will take place on Friday at Stable Event Centre in Surulere, Lagos, bringing together insurance professionals, government officials and entertainment personalities for what organizers call the Recharged Edition. Faith Ughwode, chief...

Regency Alliance Insurance Plc expanded total holdings by almost 16 percent to 21.857 billion naira during 2024, compared with 18.848 billion naira the year before, Chairman Clem Baiye told investors gathered for the firm's 31st annual shareholder meeting held in Lagos. Equity attributable to...

Capital Express Life Assurance Limited posted revenue of 14.11 billion naira for 2024, marking a 53 percent jump from 9.22 billion naira the previous year as capital investments and returns from financial holdings drove expansion. Insurance revenue climbed 32 percent to 7.2 billion naira while...

The Nigerian Council of Registered Insurance Brokers plans to expand coverage across the country by capitalizing on new legislation that mandates additional insurance products, according to the organization's incoming leader. Ekeoma Ezeibe, who becomes the council's 23rd president, told...

Pension savings accumulated during a worker's career remain accessible to family members after death under Nigeria's retirement system, according to the chief executive of Pension Fund Operators Association of Nigeria. Oguche Agudah explained that designated beneficiaries can claim funds from...

Retired government workers have aired concerns about payment discrepancies and processing delays with pension officials during a recent exchange. The Pension Transitional Arrangement Directorate told one beneficiary that an additional 32,000 naira per month reaches most recipients but excludes...

President Bola Tinubu has named Dr. John Nwabueze as Nigeria's Tax Ombudsman under the Joint Revenue Board of Nigeria (Establishment) Act, 2025. The federal government described the decision as part of efforts to build trust and fairness within the nation's revenue collection system. Nwabueze...

Islamic finance could help address Nigeria's infrastructure shortfall and deliver broader economic advantages to citizens, according to public policy and economic finance specialists who gathered on Thursday in Lagos. Experts speaking at the 7th African International Conference on Islamic...

Nigerian Exchange Group Plc will distribute one naira per share to investors as an interim dividend payment following board approval of third-quarter financial results through September 30, 2025. Shareholders registered by the close of business on Friday, November 7, 2025, qualify for the...

MultiChoice has reduced the price of its DStv decoder from 10,000 naira to 7,900 naira and its GOtv decoder from 9,900 naira to 6,500 naira, effective November 1. The cuts mark the second significant adjustment this year and aim to widen access to premium television as the holiday season...

Financial expert Funsho Doherty has criticised the fifteen percent tariff on imported petrol and diesel approved by President Bola Tinubu, warning it could add about one hundred naira per litre and deepen inflationary pressures. Doherty, whose résumé includes roles at Goldman Sachs and Arthur...

Neimeth International Pharmaceuticals reported a 62 percent jump in third-quarter sales, reaching N5.01 billion for the period ending September 30, 2025, compared with N3.09 billion a year earlier. Gross profit climbed 71 percent to N2.49 billion, while operating income rose 120 percent to N1.66...

African start-ups secured more than $442 million in funding during October 2025, marking the second-strongest month of the year and the highest for equity deals. Companies raised $334 million in equity, led by Spiro’s record $100 million e-mobility investment and Moniepoint’s $90 million top-up...

Rite Foods Limited reaffirmed its dedication to ethical conduct during Corporate Compliance and Ethics Week, an annual event that highlights integrity as a core business value. Through a series of internal workshops, awareness campaigns and vendor outreach sessions, the food and beverage...