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Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Geregu Power confirms payment of N40bn bond coupon, principal

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UNDP urges Nigeria to adopt strategy against tax crimes

The United Nations Development Programme has called on Nigeria to implement a coordinated approach to more effectively address tax crimes. This recommendation was highlighted in a statement recently published on the UNDP’s website. The UNDP emphasized that Nigeria’s fragmented regulatory oversight necessitates greater collaboration among various tax and financial oversight agencies. The statement read: “Nigeria […]

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NIDCOM hails Optiva Capital on commitment to national development

The Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, has praised wealth management and investment immigration firm, Optiva Capital Partners, for its dedication to national development. This was disclosed in a statement by the commission during the 18th annual National Diaspora Day celebrations held at the Banquet Hall of the Presidential Villa, Abuja, on […]

Wema bank posts ₦100.5bn pre-tax profit in H1 2025
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Wema Bank launch payment solution for MSMEs

Wema Bank has launched a payment gateway for Micro, Small and Medium Enterprises in Nigeria. The platform named ALATPay, which provides customers with a secure end-to-end shopping experience and immediate settlement for merchants, all via the merchant’s unique ALATPay link was introduced in Lagos recently. In a statement released on Sunday, the bank stated that […]

SERAP sues CBN over alleged mismanagement of N100bn in "dirty" notes
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SERAP sues CBN over alleged mismanagement of N100bn in “dirty” notes

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria, accusing the institution of failing to account for over N100 billion in “dirty and bad notes.” In a statement released on Sunday, SERAP revealed that the case, labeled Suit Number FHC/L/MSC/441/2024, has been submitted to the Federal High Court […]

Okomu Oil Palm reports decline in Q2 profits
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Okomu Oil Palm reports decline in Q2 profits

Okomu Oil Palm Plc has announced a pre-tax profit of N6.24 billion for the second quarter ending June 30, 2024, marking a 22.28% decrease compared to the same period last year and falling short of its forecasted pre-tax profit of N6.699 billion. The company’s Q2 2024 financial statements reveal a revenue of N31.525 billion, representing […]

New SEC regulation to enhance transparency in bank recapitalization
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SEC okays NGX impact board to enhance sustainability

Nigerian Exchange Limited has been given permission by the Securities and Exchange Commission to establish its Impact Board, a platform designed to improve the listing and exposure of instruments with a sustainability focus. This initiative was disclosed during the closing Gong ceremony in Lagos, according to the statement on the company’s website. The statement stated […]

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CBN to setup office for dormant account funds management

The CBN has revealed that a separate office would be created to manage dormant accounts and unclaimed balances. This was disclosed in the CBN’s recently issued document, “FAQs – Guidelines on Dormant Account and Unclaimed Balances – July 25, 2024.” It reads read, “The CBN shall establish a dedicated office for this purpose. The office […]

Airtel Africa swings to $661m pre-tax profit in FY2025
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Airtel Africa faces $4m monthly revenue loss over NIN verification

Telecom giant Airtel Africa has warned it could lose up to $4 million in monthly revenue due to ongoing challenges with verifying customers’ National Identification Numbers in Nigeria. As the deadline of July 31, 2024, approaches, Airtel Africa has yet to verify NINs for approximately 4.9 million of its customers. The Nigerian Communications Commission (NCC) […]

Dangote Refinery's polypropylene to enter market
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Dangote refinery denies claims of reselling crude oil

Dangote Petroleum Refinery has firmly rejected allegations of reselling crude oil, following a report by a news outlet about operational difficulties at the plant. The report, published on Friday, suggested that the refinery, facing technical issues, was reselling crude oil from the United States and Nigeria. It also claimed the refinery was offering various grades, […]

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