The National Payment Stack (NPS) has successfully executed its first transaction between a commercial bank and a fintech company, marking a major milestone in Nigeria’s digital payment landscape. The transaction, carried out between PalmPay and Wema Bank on Friday, November 7, at 11:56 a.m., was completed in milliseconds with instant settlement, highlighting the speed, reliability,

Read more...

President Bola Tinubu has commended the commencement of full operations at Nigeria’s first indigenous Methanol and Ammonium Bicarbonate plant in Ondo State, describing it as a milestone for local chemical and fertilizer production. The facility, operated by the Chinese-owned SuperTech Chemical Industry Limited, is located at the Ondo-Linyi Industrial Hub, Omotosho, Ore, Odigbo Local Government

Read more...

The Nigerian Exchange (NGX) is leveraging its fast-growing non-interest finance board to expand access to Sharia-compliant capital, particularly targeting the productive sectors of the economy. Alhaji (Dr.) Umaru Kwairanga, Chairman of NGX Group, emphasized that the Exchange remains committed to advancing Africa’s Islamic finance ecosystem through strategic growth of its non-interest finance board. “Through the

Read more...

The Alternative Bank has strengthened its commitment to inclusive agricultural growth by expanding its non-interest financial facilities for women and youth across Nigeria. Speaking at the Agriculture Summit Africa (ASA) in Abuja, Korede Demola-Adeniyi, Executive Director (South) of the Alternative Bank, emphasized that the initiative is designed to empower women and young people through accessible

Read more...

Access Holdings Plc, the parent company of Access Bank, has posted strong third-quarter results for 2025, with growth in its core banking operations propelling the group to gross earnings of N3.9 trillion over the nine-month period. Analysis of the results for the period ending September 30, 2025, showed a 14.1% increase in gross earnings from

Read more...

The Lee Group, in collaboration with the National Sugar Development Council (NSDC), is set to establish a multi-million-dollar sugar production facility in Taraba State, advancing Nigeria’s drive toward sugar self-sufficiency. NSDC Executive Secretary and CEO, Kamar Bakrin, who led officials of the Lee Group to meet Governor Agbu Kefas, highlighted the council’s role in supporting

Read more...

Nigeria has emerged as West Africa’s leading destination for impact investment, accounting for an estimated 15% of Africa’s private capital transaction volume, according to the new Nigeria Impact Investing Ecosystem Mapping and Market Sizing Report. The findings were unveiled at the 8th Annual Convening on Impact Investing in Lagos, themed “Strengthening and Scaling the Nigerian

Read more...

The approval of a ₦758 billion bond issuance by President Bola Tinubu to clear pension liabilities is expected to settle long-standing obligations, including pension increases owed since 2007. The move is anticipated to boost confidence in the pension system and provide relief to vulnerable retirees. Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran,

Read more...

Veteran Nollywood actor Chiwetalu Agu has advised women to establish full personal stability—mentally, physically, spiritually, and financially—before entering marriage. In an Instagram video, Agu emphasized that a woman’s completeness should not depend on being married. He explained that marriage should complement a woman’s life, not define or complete it. “The best advice I can give

Read more...

Nollywood actress Uche Montana has responded to recent claims linking her to the ongoing controversy between Senator Ned Nwoko and his estranged wife, Regina Daniels. In a statement shared on Instagram, Uche Montana categorically denied any involvement in the situation, emphasizing her focus on her career and personal peace. She wrote: “I wasn’t going to

Read more...