Consumers in Nigeria are voicing frustration over growing bank charges, alleging unauthorised debits that have left many questioning the fairness of the country’s financial system. Customers interviewed by the News Agency of Nigeria (NAN) said the deductions ranged from alert fees to inflated transfer levies and account maintenance charges. Helen Agodo, a First HoldCo Plc…
Professor Uche Uwaleke, a leading capital market expert, has called for the creation of a National Compensation Fund to provide relief to victims of Ponzi frauds, warning that the schemes pose a growing threat to citizens’ financial security. Speaking at a virtual workshop on Sunday, Uwaleke, who also serves as President of the Capital Market…
Africa’s most populous nation, has formally institutionalized soil health as a core national infrastructure priority, according to Dr. Kingsley Uzoma, Special Advisor to the President on Agribusiness. Speaking at the AFSF 2025, Dr. Uzoma detailed how the country is leveraging high-level political will to meet its commitments under the African Union’s major agricultural frameworks. Recognizing…
Nigeria’s First Bank has launched FirstMonie Merchant Solution, a digital payment platform aimed at strengthening the country’s cashless economy and supporting businesses of all sizes. The service, unveiled on Wednesday, provides merchants with automated onboarding, instant settlements, and integrated dispute resolution — features designed to improve liquidity and cut chargeback risks. It also comes with…
Some residents across Lagos State have debunked the reported slash in the price of eggs as claimed by the Poultry Association of Nigeria (PAN). The residents recounted their experiences on the consistent hike in the price of the produce in spite of the assurances by the Poultry Association of Nigeria in separate interviews with the…
The Federal Republic of Nigeria is set to sign Memorandum of Understanding (MoU) with the Federative Republic of Brazil on Bilateral Air Service Agreement (BASA) to unlock direct flight. Mr Obafemi Bajomo, Special Adviser on Foreign Direct Investments to the Minister of Aviation and Aerospace Development, disclosed this in an interview with the News Agency…
Nigerian Aviation Handling Company (NAHCO) Plc , has recorded improved net profit, posting 166.7 percent growth to N8.88 billion in the first half of 2025, H1’25 from N3.33 billion in H1’24, driven by increased revenue. Interim report and accounts of NAHCO for the H1’25 ended June 30, 2025 released at the Nigerian Exchange (NGX) showed…
The stock market closed on a positive note on Thursday, as performance indices grew by 0.52 per cent due to increased buying activity. Market capitalisation rose by N479 billion, or 0.52 per cent, to close at N92.730 trillion, compared with N92.251 trillion on Wednesday. Similarly, the All-Share Index (ASI) increased by 756.85 points, or 0.52…
The African Development Bank (AFDB) says it has committed 1.2 million dollars grant to support the feasibility study of the Nigeria Battery Energy Storage System (BESS). The grant is under AfDB’s under Energy Transition Catalyst Programme Dr Abdul Kamra, Director-General, Nigeria Country Department, (AFDB) made this known at the Inaugural Workshop of the BESS Feasibility…
Mr Yusuf Usman, a Director at the Nigerian National Petroleum Company Ltd (NNPCL), says the company has drilled four oil wells in the Kolmani area of Bauchi State. He also restated commitment of the company to the exploration and development of oil and gas resources in the northern region of the country. Usman said this…
