Business
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…
Read More »BPSR Commends NIMASA for Leading Role in Public Service Reforms
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…
Read More »NCC to banks: Stop charging customers on USSD transactions
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…
Read More »Persistent power supply shortages major constraints to businesses – Report
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…
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