News
Dis Cos recover N597. 6 billion despite grid collapses, post second-highest quarterly collection in five quarters
40+ min ago (375+ words) Nigeria's electricity distribution companies (Dis Cos) recovered N597. 56 billion from electricity bills issued to customers in the first quarter of 2026, making it the second-highest quarterly revenue collection recorded in the past five quarters despite a 0. 41% decline in collection efficiency. The figures…...
Otedola recounts N200 million donation to late father's scholarship scheme in 2005 throwback
2+ hour, 8+ min ago (252+ words) Billionaire businessman and philanthropist Femi Otedola has reflected on a major philanthropic contribution he made over two decades ago, remembering his N200 million donation to the Sir Michael Otedola Scholarship Scheme during an award ceremony chaired by then Lagos State Governor…...
Naira rebounds to N1, 369/$ as official FX turnover tops $1. 06 billion
6+ hour, 53+ min ago (397+ words) The naira appreciated to N1, 369/$ at the official foreign exchange market on July 1, 2026, reversing part of the losses recorded at the end of June as the local currency strengthened by N7 against the U. S. dollar. Data from the Central Bank of Nigeria (CBN)…...
Vietnam says health declaration not mandatory for international travellers
6+ hour, 4+ min ago (438+ words) The Vietnamese government has clarified that international travellers will not be required to complete a health declaration before entering, leaving or transiting through the country from July 1, 2026, dispelling earlier reports that suggested the measure had become mandatory. In a clarification…...
CBN sets two-business-day limit on suspension of financial contracts under BOFIA
10+ hour, 2+ min ago (420+ words) The Central Bank of Nigeria has issued new guidance limiting the suspension of payment, delivery, and termination rights under certain financial contracts to a maximum of two business days. The clarification was contained in a circular dated July 1, 2026, and signed…...
Navy uncovers illegal crude oil storage facility in Rivers, recovers 20, 500 litres
9+ hour, 24+ min ago (502+ words) The Nigerian Navy has uncovered and dismantled another illegal crude oil storage facility in Bonny Local Government Area of Rivers State, recovering about 20, 500 litres of suspected stolen crude oil as part of its ongoing Operation Delta Sentinel. This was disclosed…...
Google projects $90. 6 billion economic boost, 315, 000 jobs across Africa
9+ hour, 36+ min ago (508+ words) Google Cloud has projected that its Johannesburg Cloud Region could generate an additional $90. 6 billion in economic output and support nearly 315, 000 jobs across Africa by 2030. According to the News Agency of Nigeria, Maureen Costello, Vice President for UK, Ireland, and Sub-Saharan…...
Top 10 Nigerian states with the largest health insurance coverage in 2025
8+ hour, 47+ min ago (1364+ words) Nigeria's health insurance sector remains one of the most under-penetrated in Africa, with coverage still below 10% of the country's over 220 million population as of December 2025. Despite legal provisions making health coverage mandatory for all citizens and legal residents, out-of-pocket spending…...
See 7 NGX-listed companies paying dividends in July 2026
20+ hour, 43+ min ago (1018+ words) Despite a turbulent June on the Nigerian Exchange, seven listed companies are on course to reward shareholders with dividend payments in July 2026, a reminder that income generation continues regardless of short-term market volatility. This is according to corporate disclosures filed…...
Stanbic IBTC PMI: Nigeria's private sector expands for fifth consecutive month in June
19+ hour, 58+ min ago (392+ words) Nigeria's private sector sustained its growth momentum in June 2026, marking the fifth consecutive month of expansion as stronger customer demand and new product offerings continued to drive business activity. This according to the latest Stanbic IBTC Purchasing Managers' Index (PMI)....