President Bola Ahmed Tinubu has nominated 39-year-old Abdullahi Ramat as the new Chairman and Chief Executive Officer of the Nigerian Electricity Regulatory Commission (NERC). The announcement was made in a …
Regulation
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EnergyGovernancePoliticsPower SectorRegulation
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BankingCorporate AffairsEconomic PolicyFinanceGovernanceGOVERNMENTRegulation
NDIC Pays ₦54.62bn to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it has paid ₦54.62 billion to 691,418 depositors of the now-defunct Heritage Bank. The Corporation also announced a liquidation dividend of …
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BusinessGovernanceINVESTMENTRegulationTelecommunications
NCC Introduces New Governance Rules as Foreign Investment in Telecoms Falls by 58%
The Nigerian Communications Commission (NCC) has announced a new set of governance rules for telecom operators across the country, as the sector battles a sharp drop in foreign direct investment …
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GOVERNMENTInfrastructurePoliciesPublic SafetyRegulationTransportation
Ex-NRC Boss Seyi Sijuwade Says Internal Rail Accident Investigations Are Dangerous
Former Managing Director of the Nigerian Railway Corporation (NRC), Engineer Seyi Sijuwade, has raised serious concerns over the way rail accidents are investigated in Nigeria, saying the current system allows …
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BusinessCrimeEconomyGovernancePublic SectorRegulation
Auctioneers Group Sets Up National Task Force to Clean Up Industry
The Nigerian Auctioneers Group has taken a bold step to bring order to the auction industry by setting up a National Task Force Committee. This move is aimed at stopping …
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BankingBusinessFinance & ServicesInfrastructureRegulationTechnology
NOVA Bank Targets Growth with New Branches, Regional Licence Plan
NOVA Bank has announced plans to open new branches in Owerri, Abuja, and Port Harcourt as part of efforts to expand its operations across the country. The bank also said …
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BankingFinance & ServicesGovernanceKenyaRegional CooperationRegulation
CBK to Launch Deposit Guarantee Fund to Protect SACCO Depositors
The Central Bank of Kenya (CBK) has announced plans to set up a Deposit Guarantee Fund (DPF) worth KSh180 million to protect members of Savings and Credit Cooperative Societies (SACCOs) …
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EnergyFinance & ServicesGovernanceKenyaOil & GasRegulation
Auditor General Questions Fuel Subsidy Payments and G-to-G Oil Deal in Kenya
The Auditor General of Kenya has raised serious concerns over the fuel price stabilization program and the Government-to-Government (G-to-G) petroleum importation scheme carried out during the 2023/2024 financial year. In …
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CrimeCryptocurrencyFinance & ServicesNigeriaRegulation
West Africa Lost $2.1 Billion to Crypto Crimes in 2024
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has raised alarm over rising cases of fraud linked to cryptocurrency and digital assets across West Africa, saying …
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CryptocurrencyFinance & ServicesRegulationSecurityTechnologyWestern Africa
SEC Raises Alarm over $2.1bn Suspicious Crypto Deals in West Africa
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama, has raised concern over the sharp rise in suspicious cryptocurrency-related transactions across West Africa. Speaking at the …