Business

Abuja Electricity Distribution Plc (AEDC) has restructured into a Holding Company to enhance its operational capacity and adapt to Nigeria’s changing electricity sector and newly decentralised regulatory framework. The company,...

  The Federal Government’s 2026 budget proposal reveals that only a very small portion of the total spending is dedicated to poverty reduction. Out of the N58.47 trillion budget plan,...

A fresh rise in global crude oil prices has sparked concerns that Nigerians may soon face higher pump prices for petrol, diesel, and other refined petroleum products. On Wednesday, crude...

Shares of financial companies in the United States and Britain weakened on Monday after President Donald Trump proposed placing a 10 per cent ceiling on credit card interest rates, a...

The Federal Government has earmarked a total of N87.31bn for the Ministry of Aviation in the proposed 2026 budget submitted to the National Assembly, reflecting a notable reduction in funding...

Saudi Airlines has faced widespread backlash after leaving 401 passengers bound for Kano stranded at the Nnamdi Azikiwe International Airport in Abuja for nearly two days, a situation that escalated...

The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) the authority to appoint external auditors and actuaries for Approved Existing Schemes (AES) and Additional Benefits Schemes (ABS). The...

Coronation Insurance Plc has highlighted the wide-ranging impact of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, describing the legislation as a landmark development aimed at enhancing consumer protection, raising...

The Nigeria Deposit Insurance Corporation (NDIC) has secured an extra N24.3 billion from the estate of the now-closed Heritage Bank Limited to reimburse depositors with account balances exceeding N5 million...

Fitch Ratings has indicated that life insurance companies are likely to maintain a largely steady investment mix in 2026, with core fixed-income instruments continuing to form the backbone of their...