NEM Insurance Records Major Asset Growth NEM Insurance Plc has reported strong financial growth for the 2025 business year, with total group assets rising to N186.04bn. The company disclosed this in its audited financial results for the year ended December 31, 2025. According to the report, total assets increased by N61.81bn compared to N124.23bn recorded…
Nyesom Wike, minister of the Federal Capital Territory, says many Nigerians demand infrastructure and public services but are unwilling to comply with tax obligations. Wike spoke while responding to questions from journalists over complaints about the conduct of some tax collectors in the FCT, particularly officials of the Abuja Municipal Area Council (AMAC). The minister…
Academy Shifts from Classroom Training to Digital System The Nigeria Revenue Service Academy will launch a new Digital Learning Experience Platform on May 20. The platform will modernise staff training and improve professional development across the organisation. The Academy designed the system to replace periodic classroom sessions with continuous, tech-driven learning. It aims to improve…
Initiative Targets Private Investment in Clean Energy A new renewable energy financing platform has launched in Nigeria to attract large-scale private investment into the country’s distributed power sector. The Green Finance Investment Facility aims to raise $188 million to support solar infrastructure projects nationwide. Promoters of the initiative said the platform will finance 191 megawatts…
NCAA Unveils Digital Licensing Platform The Nigeria Civil Aviation Authority has announced plans to replace manual licensing procedures with a fully digital system for pilots, engineers, medical personnel, and other aviation professionals. The new platform will take effect from July 2, 2026. Authorities say the initiative will eliminate long delays and reduce bureaucratic bottlenecks in…
Telecom giant expands network investment MTN Nigeria sharply increased infrastructure investment in the first quarter of 2026 as demand for data and digital financial services continued to rise. The company spent N390.3 billion on capital expenditure excluding lease assets during the period. This represents a 92.8 per cent increase compared to the N202.4 billion recorded…
Airtel postpones fintech listing plans Airtel Africa has delayed the public listing of its mobile money business, Airtel Money, due to rising global market uncertainty and geopolitical tensions. The company confirmed that the anticipated initial public offering will now take place in the second half of 2026. Previously, Airtel had expected the listing to happen…
Stock market extends bullish momentum The Nigerian equities market continued its strong rally on Monday as the All-Share Index crossed the 250,000-point mark for the first time. Investors gained more than N3 trillion amid sustained buying interest in major stocks across different sectors. Data from Nigerian Exchange Limited showed that the All-Share Index rose by…
Government approves new relief package South Korea is preparing to launch a second round of cash assistance for millions of citizens as fuel prices continue to rise amid the ongoing conflict in the Middle East. Officials said the support package targets the bottom 70 per cent of income earners across the country. The relief plan…
Ministry launches dairy training programme The Federal Ministry of Livestock Development has trained 100 small-scale dairy farmers in Ibadan, Oyo State, as part of efforts to strengthen Nigeria’s dairy sector. The programme focused on improving local milk production and supporting sustainable dairy farming practices across the country. The ministry disclosed the development in a statement…
