The Nigeria Deposit Insurance Corporation (NDIC) has called on financial sector players, regulators, and members of the public to contribute their views on the ongoing review of the Core Principles …
June 5, 2025
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTInsuranceNigeriaPolicies
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DevelopmentEnergyEnvironmentInfrastructurePolicies
Experts, Civil Society Push for Legal Reform to Attract Renewable Energy Investment in Cross River
A coalition of civil society organisations and energy experts has called for the establishment of a robust legal and regulatory framework to attract investment into Nigeria’s renewable energy sector, particularly …
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AviationBusinessCorruptionFinance & ServicesGOVERNMENT
N76 Billion Fraud Case: Ex-AMCON Director Testifies Against Former MD Ahmed Kuru, Arik Air Executives in Court
The trial of the former Managing Director of the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, and four others continued at the Special Offences Court in Ikeja, Lagos, with …
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EconomyGOVERNMENTNigeriaTransportation & Logisitics
FRSC Begs Accountant-General’s Office for Quick Release of Funds to Support Road Safety
The Federal Road Safety Corps (FRSC) has appealed to the Office of the Accountant-General of the Federation (OAGF) to release funds quickly so the agency can carry out its duties …
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BusinessEconomyInnovationSouth Africa
SPAR Group Targets Growth with Expanded Product Range, Uber Eats Partnership, and Private Label Strategy
South African retail giant SPAR Group says it plans to grow its business by expanding its product selection, increasing sales of own-brand goods, and boosting on-demand delivery services, as competition …
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EnergyGOVERNMENTInfrastructureNigeriaPolicies
FG Backs Cost-Reflective Electricity Tariff, Plans Targeted Subsidy for Poor Nigerians
The National Council on Power has agreed to introduce a cost-reflective tariff for electricity in Nigeria. This move is aimed at reducing the N200 billion monthly electricity subsidy being paid …
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AfricaDevelopmentEconomyFinance & ServicesInfrastructureManufacturingTrade and Commerce
RMDB Boss Says Lack of Early Capital, Data and Infrastructure Slowing Africa’s Mining Growth
The President and Chief Executive Officer of the Regional Maritime Development Bank, Mr. Adeniran Aderogba, has said that Africa’s mining sector is still facing major problems that are stopping it …
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EconomyMarketsPoliciesWestern Africa
Ghana’s Inflation Drops to 18.4% in May, Hits Lowest Level Since 2022 Amid Economic Recovery
Ghana’s consumer inflation dropped for the fifth consecutive month in May, falling to its lowest level in over two years as economic pressures ease across the country. The Ghana Statistical …
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DevelopmentEnergyEnvironmentNigeriaTechnology
FG Launches Solar Power Project to Light Up Ibeju-Lekki Communities
The Federal Government has launched a solar electricity project aimed at bringing clean and steady power to homes and small businesses in Ibeju-Lekki, Lagos State. The project, tagged ‘Light-Up Ibeju-Lekki’, …
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BusinessEconomyFinance & ServicesMarketsOil & Gas
Nigerian Equities Market Hits ₦71 Trillion as Oando, 30 Stocks Drive Gains Amid Oil & Gas Sector Slump
The Nigerian equities market extended its bullish rally on Tuesday as the overall market capitalisation crossed the ₦71 trillion mark, driven by strong performances from Oando Plc and 30 other …