PenCom Increases NSITF Pensions by 1,173%, Pays ₦8.70bn Arrears to 2,116 Retirees
BY NGOZI ONYEAKUSI DG, PenCom The National Pension Commission (PenCom) has approved an upward review of pensions for 2,116 retirees under the Nigeria Social Insurance Trust Fund (NSITF), increasing their…
Shell Eyes $20b Investment In Nigeria, Expands Gas Supply To NLNG
BY NGOZI ONYEAKUSI Shell has announced plans to invest up to $20 billion in Nigeria while expanding gas supply to the Nigeria Liquefied Natural Gas (NLNG). The Chief Executive Officer…
NMDPRA Assures Decline In Prices Petrol, Diesel, LPG
BY NGOZI ONYEAKUSI The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured that the prices of petrol, diesel, and Liquefied Petroleum Gas (LPG) will continue to decline nationwide,…
Private sector leads as pension contributions hit N1.318tn
Total pension contributions reached in the first three quarters of 2025, according to data from the National Pension Commission, driven primarily by stronger inflows from the private sector. An analysis…
DisCos reject FG’s free meter plan
Power distribution companies have expressed doubt over the directive by the Minister of Power, Adebayo Adelabu, that prepaid meters must be free for all categories of customers. Operators, who spoke…
Unitrust Insurance Pays Courtesy Visit to NCRIB, Reaffirms Industry Partnership and Growth Trajectory
L-R: Mr. Dele Oyetunji, Chief Marketing Officer, Unitrust Insurance Co. Ltd: Mr. Rotimi Adewole Vice President; NCRIB, Mrs. Olufunke Adenusi mni; Deputy President, Mrs. Ekeoma Ezeibe, President NCRIB; Mr. Adedayo…
Seplat Energy Appoints Tony Elumelu Non-Executive Director
BY NGOZI ONYEAKUSI *Elumelu …As Olivier Cleret De Langavant Resigns Following the Company’s prior announcement regarding the sale of Etablissements Maurel et Prom SA shareholding in Seplat to a combination of…
Ardova Achieves ISO 27001 Certification, Reinforcing Commitment to Information Security
L-R: Moshood Olajide, MD Ardova Plc, receiving the ISO 27001 Certificate from Olaolu Omifare, Chairman, Cyberstage Systems Ltd, on Monday, 19th January 2026 at AP Headquarters, Lagos. Ardova Plc, one…
Sugar tax harmful to manufacturing sector -CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over renewed calls for additional taxes on sugar-sweetened non-alcoholic beverages (SSBs) in Nigeria, warning that…
FG targets local power components to save forex
The Minister of Power, Adebayo Adelabu, has challenged the Energy Commission of Nigeria and the Rural Electrification Agency to deepen collaboration aimed at boosting local production of electricity components,…
FCCPC Cracks Down On Defaulting Digital lenders
The Federal Competition and Consumer Protection Commission (FCCPC) has begun enforcing regulations against Digital Money Lending (DML) operators that failed to regularise their status under the Digital, Electronic, Online and…
Oxygen X Achieves Dual ISO Certifications, Reinforcing Commitment to Security, Trust
Oxygen X Finance Company, a subsidiary of Access Holdings and a leader in Africa’s digital lending landscape, has achieved two globally recognized ISO certifications: ISO 27001:2022 for Information Security Management…
Expert Calls For Asset Sales, Balance Sheet Reset To Tackle Nigeria’s Rising Debt’
Tilewa-Adebajo, CEO, CFG Advisory ...Firm Warns Budget Adjustments Not Enough To Address Debt Burden …Nigeria Risks Prolonged Period Of Fiscal Fragility, Missed Opportunities As Nigeria grapples with mounting…
BusinessToday 2026 Annual Conference Holds April 2, Spotlights Youth in Insurance, Pension
Stakeholders will converge at the 2026 BusinessToday Annual Conference and Exhibition billed for 2nd of April, 2026 to discuss on 'Youth Advantage: Redefining Insurance and Pensions for a New Era.…
FCMB Secures National Licence, Eyes Global Scale
BY NGOZI ONYEAKUSI FCMB Group Plc has secured a national banking licence for its flagship banking subsidiary after completing a major capital raise, positioning the lender to maintain domestic operations…
NGX Climate Roundtable: Seplat Energy Champions Net-Zero Pathways
BY NGOZI ONYEAKUSI Seplat Energy Plc has reiterated that oil and gas will continue to play a critical role in Nigeria’s energy mix, even as it stressed the need for…
Cash rush: ATM withdrawals jump 198% to N36tn
Nigerians continued to lean heavily on cash withdrawals despite higher automated teller machine charges introduced by the Central Bank of Nigeria, as the value of ATM transactions jumped to in…
Petrol war: Importers outpace domestic refineries with 62% supply in 2025
Petrol importation remained the dominant source of fuel consumed in Nigeria in 2025, accounting for per cent of the country’s total Premium Motor Spirit consumption, The PUNCH reports. This trend…
Heirs Insurance Hackathon Opens: Awards N9m Innovation Prize To Nine University Students
BY NGOZI ONYEAKUSI Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, calls for applications for the maiden edition of the Heirs Insurance Hackathon, a technology-driven innovation programme designed to empower…
Debt Recovery: New Telegraph Awards Ceremony To Honour AMCON For Stellar Performance
Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr Gbenga Alade (right), receiving a letter confirming the ‘Special Recognition (Stellar Performance in Asset Recovery) Award’ nomination of AMCON…
