The proposed merger between Unity Bank Plc and Providus Bank Limited has moved closer to completion, with integration efforts progressing steadily and key regulatory milestones already secured. This was contained in a statement on Wednesday. It follows a Court-Ordered Meeting where shareholders overwhelmingly endorsed the transaction, reaffirming confidence in the combination. According to the Managing …
Africa's richest man and President of the Dangote Group, Aliko Dangote, has called on the Nigerian government to take necessary steps towards addressing longstanding power sector challenges, warning that the country’s quest for industrial development will remain a mirage with persisting unstable electricity supply. Speaking at the launch of the Nigeria Industrial Policy (NIP) 2025 in …
The Federal Airports Authority of Nigeria (FAAN) has announced a total ban on all cash transactions at airports nationwide, effective February 28, 2026. The directive was contained in an internal memo signed by the Managing Director and Chief Executive, Mrs Olubunmi Kuku. This move is in compliance with the federal government’s mandate to transition all …
The Federal government has said it will undertake a comprehensive review of MTN Group’s $6.2 billion acquisition of IHS Holding Limited. The Minister of Communications, Innovation and Digital Economy, 'Bosun Tijani, disclosed this in a statement on Tuesday. He noted that the assessment would be conducted in collaboration with relevant regulatory authorities to determine its …
The Nigeria Revenue Service (NRS) has fixed January 2028 as the deadline for the full transition to mandatory electronic invoicing. The move, the agency says, will transform tax administration through real-time transparency, reduced fraud and improved economic planning. Project Manager for the e-invoicing implementation, Mohammed Bawa, made this known on Tuesday at a stakeholders’ workshop …
The Corporate Affairs Commission (CAC) has removed more than 400,000 inactive companies from Nigeria’s corporate register in 2025, marking the largest clean-up exercise in its history. The Registrar-General of the Commission, Hussaini Magaji, disclosed the development in Abuja during activities marking the agency’s 35th anniversary. He explained that most of the affected entities had failed …
Opposition lawmakers on Tuesday staged a walkout from the House of Representatives following the adoption of the Senate’s version of the Electoral Act amendment bill on electronic transmission of election results. The protest occurred during plenary as the House considered and approved the position earlier passed by the Senate on the contentious issue of e-transmission. …
President Bola Tinubu has requested the Senate to confirm the nomination of retired Rear Admiral Jamila Abubakar Sadiq as National Commissioner representing Adamawa State at the Independent National Electoral Commission (INEC). The request was contained in a letter addressed to the President of the Senate, Godswill Akpabio, and read at plenary on Tuesday. In the …
Fresh turmoil erupted on Tuesday at the National Assembly Complex in Abuja after police officers fired tear gas at protesters. The demonstrators had gathered to oppose the Senate’s approval of both electronic transmission and manual collation of election results. Tension rose at the main entrance when some protesters tried to move closer to the gate. …
Vice-President Kashim Shettima on Monday announced a N5 billion federal government intervention for traders affected by the fire that ravaged parts of the Singer Market in Kano. The vice-president made this known during a sympathy visit to the market, which was gutted by fire on Saturday. According to the News Agency of Nigeria (NAN), Shettima …
