Business

Power sector debt hits N7trn as GenCos reject FG settlement proposal

Nigeria's electricity generation sector is facing renewed uncertainty as debts owed to power generation companies (GenCos) have climbed to nearly…

3 weeks ago

Zedvance targets N500bn SME lending expansion after disbursing N120bn in 2025

Zedvance Finance has unveiled plans to significantly expand its lending activities to small and medium-sized enterprises (SMEs), with a target…

3 weeks ago

Sanwo-Olu, Oyedele, Imoukhuede to headline Invest Lagos Summit 3.0

Lagos State Governor, Babajide Sanwo-Olu, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, Co-Chairman of…

3 weeks ago

Dangote Salt deepens community engagement, highlights role in traditional industries

Dangote Salt has embarked on a community outreach campaign in Kano State aimed at promoting the industrial and domestic uses…

3 weeks ago

Fortis Insurance seeks shareholders’ approval to convert N5.74bn bond debt to equity

Fortis Global Insurance Plc is seeking shareholders’ approval for a comprehensive debt restructuring plan that could see part or all…

3 weeks ago

Stock market rebounds as investors gain N234bn

Nigerian stock market investors regained N234 billion on Friday, June 5, 2026, ending a four-session losing streak as renewed buying…

4 weeks ago

CBN imposes N100m fine on banks for forex documentation violations

The Central Bank of Nigeria has introduced a N100 million penalty for banks that process foreign exchange transactions without adequate…

4 weeks ago

Nigeria’s capital importation rises to $10.37bn in Q1 2026

The National Bureau of Statistics (NBS) says the total capital importation into Nigeria stood at $10,371.90 billion in the first…

4 weeks ago

Again, stock market investors lose N580bn

The Nigerian stock market extended its bearish trend on Thursday, marking the fourth consecutive session of losses as investors wealth…

4 weeks ago

FG debt repayments exceed budget by N1.9trn, consume 67% of revenue

The Federal Government spent N12.63tn on debt-related obligations between January and September 2025, exceeding the budgeted N10.74trn by N1.90trn, according…

4 weeks ago

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