NDIC begins N46.6bn payment to Heritage Bank depositors

The Nigeria Deposit Insurance Corporation, NDIC, has started payment of N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. This is contained in statement on Sunday by…

Kano gov’t uncovers 247 ghost workers in payroll fraud

The Kano State government has uncovered a network of 247 ghost workers fraudulently drawing salaries under the local government payroll system, following a fresh audit exercise. Besides, the ghost civil…

UBA 75: Shettima, Elumelu count gains as Bank’s assets hit N30.4trn

The Vice President, Senator Kashim Shettima, has extolled what he termed the staying power of the United Bank of Africa (UBA Group) in the past 75 years, describing the financial…

Transcorp Power records N105.4bn revenue in Q1

Transcorp Power Plc has recorded N105.4bn rrvenue the first quarter 2025, the company said in the unaudited interim financial statements to the Nigeria Exchange Limited. The revenue for the period…

Policy to stabilise food prices under way — Shettima

The Federal Government is set to launch the National Agribusiness Policy Mechanism (NAPM) to strengthen agricultural productivity, stabilise food prices, and drive economic growth. The NAPM is part of broader…

World Bank sees Nigeria’s economy grow by 3.6% in 2025

The World Bank report, Africa Pulse, has project a 3.6 percent growth for Nigeria in 2025, on the basis of improving non-oil sectors and stabilising economic environment. Earlier the International…

Akpabio leads Nigeria’s delegation to Pope Francis’s funeral

President Bola Ahmed Tinubu has sent a high-powered delegation to Vatican City to attend the burial of His Holiness, Pope Francis, on Saturday, April 26. According to the Presidency on…

Nigeria’s poverty rate to rise by 3.6% by 2027— World Bank

The World Bank has projected that more Nigerians will become poor by 2027, as poverty in Nigeria is projected to increase by 3.6 per cent over the next five years.…

FG to audit NNPCL under Kyari, says Wale

The Federal Government has concluded plans to conduct a forensic audit of the Nigerian National Petroleum Company (NNPC) Limited. This was disclosed by the Minister of Finance and Coordinating Minister…

CBN bows, approves cash BTA for 2025 Hajj pilgrims

The Central Bank of Nigeria has approved the request of 2025 intending pilgrims to be granted cash transactions for the holy pilgrimage to Mecca. This followed the intervention of Vice-President…