The Nigeria Deposit Insurance Corporation (NDIC) has reassured Nigerians about the health of the nation’s banking sector, stating that banks are robust while confirming that over 80 per cent of depositors of the liquidated Heritage Bank have already received their insured funds. Speaking in Minna during the National World Savings Day commemoration, Mr. Zeyad Abubaka…
The Nigerian Exchange Limited closed the week on a high note, with the All-Share Index rising by 6.16 per cent to 182,313.08 and Market Capitalisation appreciating to N117.027 trillion, up from 171,727.49 and N110.235 trillion respectively in the previous week. Investors added N6.792 trillion to their portfolios over the period. All other indices finished higher,…
The Nigeria Customs Service has intercepted 22 wraps of cocaine weighing 25 kilograms and valued at N1bn, even as it unveiled plans to commence paperless operations by the end of the second quarter of 2026. The Comptroller-General of Customs, Adewale Adeniyi, disclosed the seizure on Friday while parading the suspect alongside the contraband at the…
The Rural Electrification Agency (REA), in partnership with the Embassy of the Republic of Korea in Nigeria, has commissioned a combined 1-megawatt clean energy infrastructure serving Rubochi and Ikwa communities in the Federal Capital Territory (FCT), marking a significant step toward expanding sustainable electricity access in Nigeria. The project, delivered under the Korean Energy Project…
Skyway Aviation Handling Company PLC (SAHCO) has secured the globally recognised ISO/IEC 27001:2022 Information Security Management System (ISMS) certification, becoming the only aviation ground handling company in Nigeria and among a select few in Africa to attain the standard. ISO/IEC 27001:2022 is widely regarded as the international benchmark for information security management, offering a comprehensive…
The Permanent Secretary of the Federal Ministry of Marine and Blue Economy, Fatima Sugra T. Mahmood, has reaffirmed the Ministry’s commitment to transparency, accountability, and operational efficiency while declaring open the 6th Peer Review Conference of Chairpersons and Secretaries of Anti-Corruption and Transparency Units (ACTUs). Represented by Deputy Director of Special Duties, Comfort Madichi, Mahmood…
The National Inland Waterways Authority (NIWA) has been named Maritime Agency of the Year 2025 in recognition of its significant progress in enhancing safety across Nigeria’s inland waterways, including a reported 70 percent reduction in boat mishaps. The honour was presented at the 2025 award and dinner night organised by New Telegraph, held at the…
The Nigeria Customs Service (NCS) has launched a new One-Stop-Shop (OSS) platform aimed at streamlining cargo clearance, reducing bureaucratic bottlenecks, and strengthening transparency in border management. Speaking at the stakeholders’ engagement held at the Marriott Hotel in Lagos on Friday, Comptroller-General of Customs, Bashir Adewale Adeniyi, said the initiative represents a decisive step toward coordinated,…
Ecobank Nigeria has introduced the Ecobank Business App, a digital banking platform aimed at supporting the growth and sustainability of Small and Medium Enterprises (SMEs) across the country. The new application enables business owners to manage payments, track transactions, monitor cash flow, and conduct daily financial operations directly from their mobile devices, helping to eliminate…
The Nigerian stock market extended its bullish run on Wednesday, adding N881 billion to investors’ wealth as renewed buying interest in key equities strengthened overall market sentiment. The surge was driven by increased demand for large- and mid-cap stocks, including Meyer, Nestlé Nigeria, Fortis Global Insurance, Consolidated Hallmark Holdings, and Zichis Agro Allied Industries, alongside…
