Economy

Sovereign Trust Insurance Deposits N1.5 Billion with CBN Ahead of NIIRA Deadline

Sovereign Trust Insurance Plc (STI) has strengthened its capital position after completing the mandatory statutory deposit of N1.5 billion with…

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Zenith Bank Marks World Environment Day with Major Clean-Up Initiative Across Lagos

Zenith Bank Plc has commemorated the 2026 World Environment Day with a two-phase environmental clean-up exercise across Lagos State, reinforcing…

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GTCO Confirms 36.55 Billion Outstanding Shares in Voting Rights Update

Guaranty Trust Holding Company Plc (GTCO) has notified shareholders and the market that its issued ordinary share capital stood at…

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First HoldCo Shareholders Approve ₦253.1 Billion Capital Raise at AGM

Shareholders of First HoldCo Plc have approved plans to raise up to ₦253.1 billion in fresh capital as the financial…

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Verve Card Processing Faces Industry Backlash as Payment Firms Seek Regulatory Action

A growing dispute within Nigeria’s electronic payments industry has raised concerns about the future processing of Verve card transactions after…

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Pension Funds Cross ₦30 Trillion Mark as Assets Surge by ₦1.42 Trillion

Nigeria’s pension industry recorded one of its strongest monthly expansions on record in April 2026 as the total value of…

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AfDB Raises Concern Over Economic Impact of Nigeria’s Persistent Power Challenges

The African Development Bank (AfDB) has identified unreliable electricity supply as one of the major obstacles limiting business growth and…

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