Eterna Plc said it has received the Securities and Exchange Commission's (SEC) approval to proceed with its ₦21.52 billion Rights Issue of 978,108,485 ordinary shares of ₦0.50 each at ₦22.00 per share. The disclosure was made in a statement issued on Monday by the Company Secretary, David Edet, and sent to shareholders and the Nigerian …
The Nigeria Deposit Insurance Corporation (NDIC) has announced a ₦24.3 billion second liquidation dividend for depositors of the defunct Heritage Bank with balances above the insured limit of ₦5 million. NDIC made the declaration in a statement issued on Sunday by its Head of Communication and Public Affairs Department, Hawwau Gambo. “It is in continuation …
Here are key economic events to watch this week, from January 12 to 16, 2026, in Nigeria and around the world. 12th National Economic Outlook Conference Nigeria’s key economic event for the week of January 12–16, 2026, is the 12th National Economic Outlook Conference. It is organised by the Chartered Institute of Bankers of Nigeria …
The Presidential Fiscal Policy and Tax Reforms Committee has rejected most of the observations made by KPMG on Nigeria’s newly enacted tax laws, describing the advisory firm’s conclusions as largely flawed and based on misinterpretation. The committee, chaired by renowned tax expert Taiwo Oyedele, conveyed its position in a response issued on Saturday to KPMG’s …
First HoldCo Plc has announced a series of board appointments across its non-commercial banking subsidiaries. The parent company of First Bank of Nigeria Limited disclosed the development in a statement filed with the Nigerian Exchange Limited on Friday. It said the appointment is part of a broader strategy to strengthen governance and position its businesses …
Chairman of Dangote Industries Limited (DIL), Aliko Dangote, has escalated an alleged corruption case against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission (EFCC). The petition was submitted through Dangote’s legal representative, barely 24 hours after he …
The Nigerian Communications Commission (NCC) has announced that it will begin implementing a new consumer refund framework on March 1, 2026. It said this is aimed at resolving delays in refunds for failed airtime and data transactions. It made this known in a statement released on Thursday, January 8. According to NCC, the policy was …
Access Holdings, Oando and Conoil ranked among the worst-performing equities on the Nigerian Exchange Limited (NGX) during the 2025 trading year, as several stocks recorded steep declines in market value. Other equities that completed the bottom ten list include VFD Group, Sunu Assurances, Africa Prudential, Lasaco Assurance, Haldane McCall, Industrial and Medical Gases Nigeria, and …
KPMG has flagged key concerns over the Nigeria Tax Act (NTA) and the Nigeria Tax Administration Act (NTAA), warning that several provisions could create legal uncertainty. The firm outlined the errors and gaps in a recent report titled ‘Nigeria’s New Tax Laws: Inherent Errors, Inconsistencies, Gaps and Omissions.’ Pinnacle Daily reports that the implementation of …
President Bola Tinubu has commended corporate Nigeria, market operators and investors for pushing the Nigerian Exchange (NGX) past the ₦100 trillion market capitalisation milestone. The President described the achievement as a source of inspiration for participants in the money and capital markets. He made the remarks in a statement issued on Thursday by his Special …
