Business

All the recent business news in Nigeria, economy and industry updates.

REA, FCMB target 2m households for N100bn solar energy financing

The Rural Electrification Agency (REA) and First City Monument Bank (FCMB) have entered into a strategic collaboration to provide a N100bn loan facili

Access Holdings Tops in Asset Quality in Proshare’s 2025 Tier 1 Banking Rankings

Access Holdings PLC has been ranked the Tier 1 bank with the best asset quality in Nigeria, having posted the lowest Non-Performing Loan Ratio (NPLR)

264 transmission towers vandalised in 18 months – TCN

The Transmission Company of Nigeria (TCN) has stated that 264 transmission towers were vandalised in 2024 and the first half of 2025. Speaking during

‘Why SEC banned Independent Directors from becoming EDs’

The Securities and Exchange Commission (SEC) has explained why it prohibited Independent Directors from transitioning into Executive Director roles wi

Alawuba seeks judicial reforms to reduce Nigeria’s financial risk profile

The Group Managing Director of United Bank for Africa Plc, Oliver Alawuba, says judicial delays and other processes are worsening the financial risk p