Business
AEDC: Union threaten strike over productivity bonus, others
The Senior staff Association of Electricity and Allied Companies (SSAEAC) has given Abuja Electricity Distribution Company (AEDC) two weeks to the to pay productivity bonus and other outstanding staff benefits or be ready for another round of strike. In a letter addressed to the Acting Managing Director/CEO AEDC, Engr Chijioke Okwuokenye…
Read More »Prolonged litigations on financial matters impede banks’ capacity to support SMEs — CEOs
The Board of Banks’ Chief Executive Officers (CEOs) says that prolonged litigations of financial cases and enforcement bottlenecks impede banks’ capacity to support Small and Medium Enterprises (SMEs). Chairman of the Board, Mr Oliver Alawuba, said this at the 23rd National Seminar on Banking and Allied Matters for Judges…
Read More »Domestic equities sheds N183bn amid banking stock sell-off
The domestic equities market on Tuesday sustained a decline profile, shedding N183 billion as bears continued to dominate the market as sell-off in banking stocks persisted. Market capitalisation of listed equities declined by 0.25 per cent to N72.497 trillion from N72.680 trillion it closed the previous day. The NGX All…
Read More »Union to AEDC: Pay productivity bonus, others to staff or face strike action
The Senior staff Association of Electricity and Allied Companies (SSAEAC) has given Abuja Electricity Distribution Company (AEDC) two weeks to pay productivity bonus and other outstanding staff benefits or be ready for another round of strike. In a letter addressed to the Acting Managing Director/CEO AEDC, Engr Chijioke Okwuokenye on June,…
Read More »SEC working with developers to co-create framework for stablecoins regulations – DG
The Director General, Securities and Exchange Commission, Dr Emomotimi Agama has disclosed that the Commission is engaging with developers to co-create a framework for regulation of stablecoins. Agama who made this disclosure in a keynote speech at the 2025 Decentralised Finance (DeFi) in Lagos, said the Commission is not…
Read More »NPA, APM Terminals, Others Working To Decongest Empty Containers At Ports
The Nigerian Ports’ Authority (NPA) has responded to the public outcry over delays in evacuation of empty containers leading to yard congestion at the APM Terminals, Apapa, Lagos. At a crucial meeting comprising the major shipping lines and the APM Terminals, Apapa to discuss the challenges and chart a way…
Read More »Switzerland, Singapore, Canada lead in safest investment destination
A recent study by Atmos identified the top 30 countries based on economic stability, investment attractiveness, and political and economic stability. Countries were evaluated using six metrics: economic stability rank, political stability score, global peace index, investment attractiveness, foreign direct investments (FDI), and GDP per capita. Switzerland leads the ranking as the…
Read More »Egypt: AfDB to provide $184.1m for Africa’s largest solar energy, battery storage project
The Board of Directors of the African Development Bank Group has approved a financing package of up to $184.1 million to support the development of the Obelisk 1-gigawatt solar photovoltaic project and 200MWh battery energy storage system in Egypt, which will be Africa’s largest solar power plant. Located in Qena…
Read More »TAJBank signs agreement for N20bn Mudarabah Sukuk Bond issuance
TAJBank, Nigeria’s leading non-interest lender, on Tuesday signed the completion agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme. The latest investment initiative of the multiple award-winning non-interest lender, which is coming after about two years following the issuance of the first-ever N10 billion…
Read More »Honour unclaimed dividend requests, SEC tells companies
The Securities and Exchange Commission (SEC) has directed all public companies and Registrars to stop treating unclaimed dividends older than 12 years as “statute-barred”—especially those dating from before the enactment of the Finance Act 2020. The directive reaffirms the provisions of Section 60 of the Finance Act, which mandates that…
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