The Nigerian Electricity Regulatory Commission (NERC) has officially transferred regulatory oversight of the electricity market in Bayelsa State to the Bayelsa State Electricity Regulatory Agency (BYERA), marking another major step …
Economy
- EconomyEnergyGovernanceInfrastructurePower Sector
- BankingBusinessCapital MarketEconomyFinancial InclusionINVESTMENT
Wema Bank Surpasses Recapitalisation Target with N157bn Rights Issue
Wema Bank Plc has announced that it has successfully exceeded its recapitalisation target after raising N157bn through the first phase of its capital-raising exercise. The funds were secured from a …
- AfricaBusinessEconomyFinanceInsuranceINVESTMENT
Africa Re Records $102m Profit as Premiums Grow 15% in First Half of 2025
The African Reinsurance Corporation has reported a strong financial performance for the first half of 2025, with Gross Written Premium rising by 15.31 per cent to $644.30 million, up from …
- EconomyFinance & ServicesLabourNigeriaPensionRegulation
Pension Fund Operators Urge Workers to Update Records for Seamless Retirement Payments
The Pension Fund Operators of Nigeria (PenOp) has advised all participants in the Contributory Pension Scheme (CPS) to take part in the ongoing Data Recapture Exercise (DRE), stressing that the …
- BusinessEconomyInsuranceYouth Empowerment
Heirs Insurance Unveils N5m Retirement Grant for Senior Citizens
Heirs Insurance Group has launched a ₦5 million grant scheme to support retirees and pre-retirees in achieving their long-held retirement aspirations. The initiative, called the Heirs Insurance Retirement Dream Competition, …
- BusinessEconomyEnergyInfrastructureOil & GasTransportation
Dangote Refinery Set to Begin Direct Fuel Distribution with 1,000 CNG Trucks
Barring any last-minute change, the Dangote Petroleum Refinery is set to begin its direct fuel distribution scheme soon as 1,000 Compressed Natural Gas-powered trucks ordered for the project have arrived …
- EconomyEducationInnovationLeadershipNigeriaSustainabilityWomen in Business
APWEN Lagos Summit Calls for Green Innovation and Stronger Mentorship in Engineering
At the just-concluded Lagos Summit of the Association of Professional Women Engineers of Nigeria (APWEN), experts and industry leaders stressed the importance of green practices and intergenerational mentorship in shaping …
Nigeria’s Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has marked his second year in office with what he described as bold reforms that are transforming the country’s housing …
- BusinessEconomyGovernanceLagos NewsReal EstateUrban Development
REDAN Warns Lagos Government Over Use of ‘Illegal’ in Estate Regulation
The National President of the Real Estate Developers Association of Nigeria (REDAN), Akintoye Adeoye, has advised the Lagos State Government to be more cautious in the language it uses when …
- BankingDevelopmentEconomyFinanceGovernanceNews
Parallex Bank Unveils N4bn Support Fund for Lagos Local Governments
Parallex Bank Limited has introduced a N4 billion financial support programme aimed at boosting the operations of local governments across Lagos State. The initiative, which targets all 20 Local Government …