By Adeyemi David Employee corruption and occupational fraud are silently draining Nigeria’s Micro, Small and Medium Enterprises (MSMEs) of an estimated ₦5 to ₦10 trillion each year, threatening business sustainability, job creation, and the country’s economic growth, experts have warned. The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf…
By Adeyemi David The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho has called on traders and investors to leverage newly introduced export channels to reposition Nigeria in the global marketplace. Speaking during the 2026 NPA Special Day on Saturday, Dantsoho said the authority had rolled out simplified processes designed to dismantle long-standing bureaucratic bottlenecks…
By Adeyemi David The Nigeria Deposit Insurance Corporation has stepped up efforts to deepen public understanding of deposit insurance while reaffirming that depositor funds remain protected under its regulatory framework. Managing Director of the corporation, Thompson Sunday, disclosed this at a stakeholders’ town hall meeting held on Saturday in Lagos. The meeting, themed “Strengthening Depositor…
The Chairman of Nigerian Exchange Group, Umaru Kwairanga has called for the listing of viable state-owned enterprises as part of efforts to deepen liquidity and strengthen Nigeria’s capital market. Kwairanga made the appeal in a statement on Saturday after a strategic engagement with industrialist Aliko Dangote on Friday, which focused on sustaining ongoing reforms and expanding…
Lanre Kasim of Guaranty Trust Bank has called on bank customers to deepen fraud awareness and improve financial literacy to better protect their finances. Kasim made the appeal while speaking on customer responsibilities at a stakeholders’ meeting organised by the Nigeria Deposit Insurance Corporation on Saturday in Lagos. She described financial literacy as the knowledge…
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…
More than 50,000 fishermen on Saturday surged into the historic Matan Fada River ahead of the scheduled arrival of President Bola Ahmed Tinubu at the grand finale of the 2026 Argungu International Fishing and Cultural Festival (AIFCF). The early arrival of the enthusiastic fishermen disrupted the established ceremonial protocol. Dressed in traditional fishing attire and…
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,…
A total of 18 ships are currently discharging petroleum products and other commodities at Apapa PortLagos, Nigeria”], Lekki Port”], and Tin-Can Island Port Nigerian Ports Authority announced on Saturday. The authority stated that the vessels are unloading a range of goods, including buck fertilizer, general cargo, bulk sugar, gasoline, bulk urea, condensate, bulk gypsum, and…
The Presidency of Nigeria has called for a comprehensive investigation into comments made by former Kaduna State governor Nasir El-Rufai concerning the alleged interception of communications belonging to Nigeria’s National Security Adviser, Nuhu Ribadu. During an interview aired on Arise TV, El-Rufai claimed that he and other unnamed individuals listened to conversations from Ribadu’s phone…
