Nigeria’s electricity metering rate rose to 58.57 per cent in February 2026, up from 57.93 per cent recorded in January, according to the Nigerian Electricity Regulatory Commission (NERC). The improvement was attributed partly to the implementation of the World Bank-supported $500 million Distribution Sector Recovery Programme (DISREP), aimed at strengthening the country’s power distribution network …
Kiakiago Travels, one of Nigeria's leading IATA-accredited online travel agencies, has announced a landmark brand partnership with JJC Skillz — award-winning rapper, record producer, Nollywood filmmaker, and one of the most enduring cultural figures in Nigerian entertainment. The announcement, made in Abuja on Monday, signals a bold strategic move by the travel company to use …
The insurance sector has delivered strong returns on the Nigerian stock market over the past 52 weeks, with several stocks doubling, tripling and in some cases quadrupling in value, as the countdown to the industry’s recapitalisation deadline gathers pace. However, despite the sharp rally, the sector remains overshadowed by heavyweight performers in oil and gas, …
The Securities and Exchange Commission (SEC) said it will begin a one-business-day settlement cycle (T+1) for equities and commodities transactions in Nigeria’s capital market from June 1, 2026. The move will replace the current two-day settlement system, the commission announced in a statement on Tuesday, May 19. It noted that the new framework is part …
The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has begun the implementation of a new Taxpayer Identification (Tax ID) system for all taxable persons in Nigeria. The agencies announced the rollout in a public notice issued on Monday, May 18, saying the initiative is in line with Sections 6, 7 …
How China's $180 billion bet on Africa — from Nigerian railways to Angolan oil — is rewriting the rules of global power, filling the void left by a negligent West, and raising urgent questions about who, ultimately, will pay the price. $180.87B Chinese loans to Africa 2000 – 2024; 1,319 loan commitments across 49 nations; …
Nigeria’s worsening unemployment crisis, rising rural insecurity, and persistent pressure on foreign exchange may find an unlikely solution in one commodity: sugar. The Executive Secretary and Chief Executive Officer of the National Sugar Development Council (NSDC), Kamar Bakrin, says a fully industrialised sugar sector could become one of the country’s most transformative economic tools capable …
Nigeria’s credit system is failing millions of small businesses and choking economic growth, the Alliance for Economic Research and Ethics has warned. The group pointed this out in a policy document titled 'A Policy Analysis on SME Credit, Development Finance, and the Imperative of Structural Reform', which it issued on Sunday, May 17. It blamed …
The Securities and Exchange Commission (SEC) has warned the public against investing in illegal online schemes widely promoted on social media, stating that many of them exhibit signs of Ponzi and other prohibited investment operations. In a public notice issued on Thursday, the Commission said it had observed “the increasing promotion of unregistered online investment …
The Debt Management Office (DMO) has listed a ₦47.355 billion Series III Sovereign Green Bond on the Nigerian Exchange Limited (NGX) and the FMDQ Securities Exchange Limited, in a move aimed at expanding climate-focused financing in the country. The bond, which carries an 18.95 per cent interest rate and is due in June 2030, was …
