Power Sector on the Brink as Debt Hits N6.5trn
Nigeria’s electricity industry is facing deepening financial strain as Electricity Generation Companies (GenCos) reveal that total sector debt has climbed to N6.5 trillion, with projections indicating it could rise to…
ARM Declares H2 2025 Dividend for MOFI Real Estate Investment Fund, Series II to Pay N9.7192 Per Unit
ARM Investment Managers Ltd has announced cash distributions for the second half of 2025 for the MoFI Real Estate Investment Fund (MREIF), proposing dividends of N3.7468 per unit for Series…
Rivers State Assembly Suspends Impeachment Process Against Fubara, Deputy
The Rivers State House of Assembly has halted impeachment proceedings against Governor Siminalayi Fubara and his deputy, Ngozi Odu, following the intervention of President Bola Ahmed Tinubu. The decision was…
Ondo State Monarch Shot Dead Outside Palace
Kehinde Jacob Faledon, the traditional ruler of Agamo Community in Akure North Local Government Area of Ondo State, has been shot dead by unidentified gunmen. The monarch was reportedly attacked…
Uba Sani Pledges No Demolition Without Compensation as Kaduna Disburses N2.85bn to Affected Residents
Governor Uba Sani of Kaduna State has reaffirmed that his administration will not demolish any structure or dispossess property owners without fair and adequate compensation. The governor gave the assurance…
FG to Implement 30% of 2025 Capital Budget by November 2026i
The Federal Government has confirmed plans to execute thirty per cent of the 2025 capital budget before the end of November 2026, as part of efforts to accelerate project delivery…
Unity and Providus Bank Merger Enters Final Stage Awaiting Court Sanction
The proposed merger between Unity Bank Plc and Providus Bank Limited has reached its concluding phase, with both institutions awaiting final approval from the Federal High Court to complete the…
How Osidi Increased NHF Generation to ₦152 Billion in 2025
The Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Shehu Osidi, has led the bank to a historic ₦152.4 billion National Housing Fund (NHF) collection in 2025, the…
2027: Ex-CBN Deputy Governor Tunde Lemo Declares Ogun Governorship Bid
A former Deputy Governor of the Central Bank of Nigeria, Dr. Tunde Lemo, has formally announced his intention to contest the 2027 governorship election in Ogun State. Lemo made the…
CBN Elevates OPay, Moniepoint, Kuda, PalmPay to National Licence Status
The Central Bank of Nigeria (CBN) has upgraded the operating licences of several leading financial technology firms and microfinance banks to national status, aligning their regulatory approvals with their…