Business

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…

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…

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…

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…

The Bureau of Public Service Reforms (BPSR) has applauded the Nigerian Maritime Administration and Safety Agency (NIMASA) for its exemplary efforts in driving public sector reforms, aligning with the Federal Government’s Renewed Hope Agenda. Speaking at a two-day sensitization workshop held in Lagos, the Director General of BPSR, Dr. Dasuki…

The Nigerian Communications Commission (NCC) on Tuesday directed all banks to stop debiting USSD transaction charges from customers’ bank accounts, with effect from Tuesday, June 3, 2025. According to a notice sent by United Bank for Africa (UBA) to its customers, the charges for Unstructured Supplementary Service Data (USSD) services will now…

Businesses in Nigeria maintained a positive performance streak for the fifth consecutive month in 2025, as current Business Performance Index for May 2025 stands at +9.78, signaling mildly positive business activity, though slightly lower than the +12.29 recorded in April 2025. The Business Confidence Monitor (BCM) is the flagship survey-based…

The Nigeria Deposit Insurance Corporation (NDIC) has called for feedbacks from financial services industry stakeholders in the country, policy makers and the general public towards the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance System. In a statement signed by Head, Communication…

The European Commission on Monday issued a fine totaling 329 million ($376 million) to Delivery Hero and former rival Glovo for participating in an online food delivery cartel. German company Delivery Hero became a minority shareholder of Spain-based Glovo in 2018, before acquiring sole control of Glovo in 2022. Delivery…

Unity Bank Plc has reaffirmed its commitment to advancing electronic payment adoption and financial inclusion by partnering with domestic card scheme provider, AfriGo, to boost card usage across its retail customer segments. This pledge was made during a high-level strategic business engagement held at Unity Bank’s head office in Lagos…