FINANCE NEWS

  • Reps probe N1.06 trillion NG-CARES programme over alleged poor impact on Nigerians 

    The House of Representatives has launched an investigation into the N1.06 trillion Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) social intervention programme of the Federal Government.  The post Reps probe N1.06 trillion NG-CARES programme over alleged poor impact on Nigerians  appeared first on Nairametrics.

  • Tinubu announces $465 million investment proposal to revive Aluminium Smelter Company of Nigeria 

    President Bola Ahmed Tinubu has announced a multi-billion-dollar industrial revival plan anchored on a $465 million investment to restore the Aluminium Smelter Company of Nigeria and overhaul the nation’s steel sector.  The post Tinubu announces $465 million investment proposal to revive Aluminium Smelter Company of Nigeria  appeared first on Nairametrics.

  • FEC approves seven-year ban on establishment of new federal tertiary institutions in Nigeria 

    The Federal Executive Council (FEC) meeting, chaired by President Bola Tinubu on Wednesday, approved a five-year moratorium on the establishment of new federal tertiary educational institutions across Nigeria.  The post FEC approves seven-year ban on establishment of new federal tertiary institutions in Nigeria  appeared first on Nairametrics.

  • FG decries Nigeria’s 90% steel import dependence, vows revival of Ajaokuta Steel Company 

     President Bola Ahmed Tinubu has expressed deep concern over Nigeria’s overwhelming dependence on imported steel, declaring that the country must reclaim its industrial future by reviving the long-abandoned Ajaokuta Steel Company.   The post FG decries Nigeria’s 90% steel import dependence, vows revival of Ajaokuta Steel Company  appeared first on Nairametrics.

  • Enugu govt to launch 100 CNG buses for public transport, five bus terminals on August 14 

    The Enugu State Government announced it will launch 100 compressed natural gas (CNG) buses for public transport and commission five modern bus terminals across the state on Thursday, August 14, 2025.  The post Enugu govt to launch 100 CNG buses for public transport, five bus terminals on August 14  appeared first on Nairametrics.

  • Trillion naira stocks see red as All Share Index slip 0.13%

    The Nigerian All-Share Index closed lower on Wednesday, August 13, 2025, shedding 191.11 points to settle at 145,864.78. This reflects a modest 0.13% decline from the previous day’s close of 146,055.90. Trading activity picked up, with daily volume rising to 1.34 billion shares from 1.28 billion in the prior session. Despite the increased activity, market The post Trillion naira stocks see red as All Share Index slip 0.13% appeared first on Nairametrics.

  • 2025 UTME: JAMB to screen over 500 underage tertiary admission candidates in Lagos, Abuja, and Owerri 

    The Joint Admissions and Matriculation Board (JAMB) has announced plans to screen more than 500 exceptional candidates below the age of 16 seeking admission into tertiary institutions for the 2025/2026 academic session.   The post 2025 UTME: JAMB to screen over 500 underage tertiary admission candidates in Lagos, Abuja, and Owerri  appeared first on Nairametrics.

  • Mutual Benefits Assurance quadruples profits as share price surges 536% in one year 

    Mutual Benefits Assurance Plc has delivered a stellar performance in the first half of 2025, quadrupling its Group profit as booming insurance revenue fuels investor confidence. The company’s share price has skyrocketed 536% in the past 12 months, making it one of the hottest stocks on the Nigerian Exchange. The result is on the back The post Mutual Benefits Assurance quadruples profits as share price surges 536% in one year  appeared first on Nairametrics.

  • Ogun govt extends deadline for property owners to submit title documents by two weeks

    The Ogun State Government announced a two-week extension for property owners and occupiers to submit their title documents, including planning permits, as part of the ongoing statewide physical development audit.   The post Ogun govt extends deadline for property owners to submit title documents by two weeks appeared first on Nairametrics.

  • University of the Western Cape opens fully-funded B.Sc. and Master’s scholarships for 2026 academic year 

    The University of the Western Cape (UWC) in South Africa has announced applications for its fully-funded Bachelor’s and Master’s degree scholarships for the 2026 academic year.  The post University of the Western Cape opens fully-funded B.Sc. and Master’s scholarships for 2026 academic year  appeared first on Nairametrics.

  • Nigeria’s Pharmacy Council begins licensing online drug vendors, partners Interpol for enforcement 

    The Pharmacy Council of Nigeria (PCN) has started licensing individuals and facilities selling medicines via social media and other online platforms, as part of efforts to regulate the growing trend of internet-based drug sales.  The post Nigeria’s Pharmacy Council begins licensing online drug vendors, partners Interpol for enforcement  appeared first on Nairametrics.

  • Nigeria raises insurance capital requirements fivefold, sets one-year deadline 

    The Federal Government of Nigeria has increased the minimum capital requirements for insurance companies by fivefold, giving operators 12 months to comply or risk losing their licenses.  The directive, issued by the National Insurance Commission (NAICOM), is part of sweeping reforms under the newly enacted Insurance Industry Reform Act, signed into law by President Bola The post Nigeria raises insurance capital requirements fivefold, sets one-year deadline  appeared first on Nairametrics.

  • The AccounTech Summit International 2025: Shaping the future of finance, technology, and sustainable growth 

    The AccounTech Summit International returns for its highly anticipated second edition on 27–28 August 2025 at The Hall Conference Center, Victoria Island, Lagos. The post The AccounTech Summit International 2025: Shaping the future of finance, technology, and sustainable growth  appeared first on Nairametrics.

  • Africa’s Richest Man, Aliko Dangote, backs Otedola’s ‘Making it Big’ memoir 

    Africa’s richest man, Aliko Dangote, has thrown his weight behind the upcoming book by billionaire businessman Femi Otedola, praising it as a “remarkable masterclass” on turning challenges into opportunities.  The post Africa’s Richest Man, Aliko Dangote, backs Otedola’s ‘Making it Big’ memoir  appeared first on Nairametrics.

  • Court discharges Ms. Comfort Emmason after Ibom Air withdraws case against her 

    An Ikeja Magistrates’ Court on Wednesday discharged Ms. Comfort Emmason of charges of unruly behaviour and assaulting the flight crew aboard an Ibom Air aircraft from Uyo to Lagos. Magistrate Olanrewaju Salami struck out the five-count charge after the police prosecution team confirmed that Ibom Air had withdrawn the case.  Ms. Emmason, who has been The post Court discharges Ms. Comfort Emmason after Ibom Air withdraws case against her  appeared first on Nairametrics.

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