Polaris Bank has empowered more than 6,200 journalists across Nigeria through a series of capacity-building programmes aimed at strengthening professional reporting, promoting financial literacy, and supporting the growth of responsible journalism. The initiative forms part of the bank’s corporate social responsibility efforts to enhance media professionalism and contribute to national development.

According to the bank, the training programmes were organised through workshops, seminars, and strategic engagements designed to equip journalists with practical knowledge on financial reporting, digital transformation, economic trends, and ethical journalism. The initiative also sought to improve media practitioners’ understanding of the evolving financial services industry.

Polaris Bank stated that empowering journalists with relevant skills and knowledge is essential for promoting accurate, balanced, and impactful reporting that supports informed public discourse. The bank noted that the media plays a critical role in fostering transparency, accountability, and economic awareness across society.

The financial institution reaffirmed its commitment to investing in human capital development and building long-term partnerships with media professionals. It added that supporting journalists aligns with its broader objective of contributing to sustainable development through education, innovation, and professional excellence.

Industry stakeholders commended the initiative, noting that continuous training helps journalists adapt to emerging trends, improve reporting standards, and effectively communicate complex economic and financial issues to the public. They also encouraged stronger collaboration between financial institutions and the media to promote financial inclusion and public education.

Polaris Bank said it will continue to expand programmes that strengthen professional capacity while supporting initiatives that create lasting social and economic impact across Nigeria.

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Eight years later, the Nigerian Exchange Limited (NGX) has lifted the suspension placed on the shares of Aso Savings and Loans Plc, ending almost a decade of inactivity by the company.

The resumption of trading was effective October 21, 2025, after eight years of inactivity.

At the close of trading on Thursday, October 23, 2025, the stock price rose by 9.9% to close at N0.60 kobo per share, up from N0.55 kobo.

A total of 11, 300,155 units were exchanged in 17 trades valued at N6.78 million. Thus, the stock price rose by 10 kobo in two trading sessions between Wednesday, October 22 and Thursday, October 23.

It would be recalled that the mortgage institution’s shares had been frozen at N0.50 since July 5, 2017, following its failure to meet statutory filing obligations under the NGX’s Default Filing Rules.

In a formal notice signed by the Head of Issuer Regulation Department, the Exchange announced that Aso Savings had successfully submitted all outstanding financial statements, thereby satisfying the conditions for lifting the suspension.

“Trading License Holders and the investing public are hereby notified that the suspension placed on trading in the shares of Aso Savings and Loans Plc has been lifted,” the statement read.

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In a statement, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the ministry held a high-level meeting in March 2025. The meeting aimed to address fears from key industry groups. These include the Oil Producers Trade Section (OPTS), the Association of Licensed Telecommunications Operators of Nigeria (ALTON), and the Nigeria Employers’ Consultative Association (NECA).

These groups had raised concerns as early as December 2024. Their main worry was the reclassification of large private companies as PIEs. Under the new law, these companies must pay annual dues ranging from 0.02% to 0.05% of turnover. There is no upper limit. Meanwhile, publicly listed firms pay a fixed ₦25 million, no matter their size.

In March 2025, the ministry held a public consultation to discuss these issues. As a result, two key actions were taken. First, an administrative pause was placed on the new dues. Second, a Technical Working Group was set up to study the impact.

This group included NECA, MAN, ALTON, NACCIMA, PEBEC, CAC, SEC, and the Financial Reporting Council (FRC). They met six times in three weeks. They presented their report to the minister on April 17, 2025.

Dr. Oduwole then briefed President Bola Tinubu. She shared private sector concerns and recommended keeping the pause. The government agreed to maintain this pause for now.

To give immediate relief, the minister directed FRC to cap annual dues for private PIEs at ₦25 million. This matches the cap for listed companies.

This move creates a fair and stable environment for companies. It shows the government’s focus on transparency, fairness, and investor confidence.

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