3 h. ago Regency Alliance Grows Assets To N21.8bn, Plans Rights Issue Ahead of Recapitalisation

Regency Alliance Insurance Plc’s total assets increased by 15.96 per cent to N21.857 bn in the 2024 financial year, compared to N18.848bn in 2023. The board also approved plans for a rights issue and private placement to raise the minimum capital required of N15bn in accordance with the new Insurance Industry Reform Act (NIIRA) 2025. […]

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5 d. ago Implementation requires capital mobilisation, strategic partnerships – Ade Yesufu

As Nigeria Energy convenes for its 12th edition from October 28th to 30th at the Landmark Event Centre in Lagos, read more Implementation requires capital mobilisation, strategic partnerships – Ade Yesufu

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6 d. ago Govt Mulls Minimum Capital Threshold For Power Distributors’ Licence Renewal

The federal government plans to impose a minimum capital requirement on electricity distribution companies (DisCos) as part of their licence renewal conditions, aiming to strengthen the utilities’ financial health and liquidity. The Minister of Power, Adebayo Adelabu, made this known during the Nigeria Energy Forum (NEF) 2025 in Lagos, on Tuesday. Speaking at the forum […]

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8 d. ago Property Owners Excited As Lagos Begins Payment Of Compensation On Oworonshoki Demolition

Property owners in the Oworonshoki community in the Kosofe Local Government Area of Lagos State, whose homes were demolished in recent clearance operations, are excited following the commencement of compensation payments by the Lagos State government. Some beneficiaries who spoke to journalists extolled the state government and expressed gratitude to it for keeping its word. […]

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2 w. ago Parthian Pensions will meet new capital requirement before 2026 deadline – GMD

Parthian Pensions Limited, the latest entrant into the Nigeria’s pension fund administration (PFA) space will meet new minimum capital requirement read more Parthian Pensions will meet new capital requirement before 2026 deadline – GMD

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2 w. ago CHI Life commences full operation with new capital requirement

CHI Life Assurance Limited, a subsidiary of Consolidated Hallmark Holdings (CHH), has officially launched into the market, having capitalised with read more CHI Life commences full operation with new capital requirement

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2 w. ago Reps task SEC on review of N1bn capital requirement for crypto operators

Reps urged SEC authorities to review the capital requirement with a view to making it more accessible and inclusive...

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3 w. ago Reps task SEC to review ₦1bn capital requirement for virtual assets providers

…says could discourage investors The House of Representatives has called on the Securities and Exchange Commission (SEC)the ₦500 million to read more Reps task SEC to review ₦1bn capital requirement for virtual assets providers

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3 w. ago EFCC investigates undeclared $6,180,000, £53,415 cash at Lagos airport

From Sola Ojo, Abuja Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Okotie Eboh, Ikoyi, Lagos, have commenced investigations into two travellers arrested by operatives of the Federal Airports Authority of Nigeria (FAAN) for allegedly failing to declare the sums of $6,180,000 and £53,415 cash in their possession. […] The post EFCC investigates undeclared $6,180,000, £53,415 cash at Lagos airport appeared first on The Sun Nigeria.

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3 w. ago EFCC Begins Investigations Of 2 Suspects Over Undeclared $6k, £53k Cash At Lagos Airport

Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) have commenced investigations of two travellers arrested by operatives of the Federal Airports Authority of Nigeria (FAAN) for allegedly failing to declare the sums of $6,180 and £53,415 cash in their possession. The suspects, Mamud Nasidi and Yahaya Nasidi, were […]

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3 w. ago Recapitalisation: FCMB Group Opens N160bn Public Offer For International Licence Renewal

FCMB Group Plc has commenced a N160 billion public share sale to strengthen its banking subsidiary and meet the Central Bank of Nigeria’s new N500 billion minimum capital requirement for international banks. The offering of 16 billion shares at N10 each runs until November 6, 2025. Proceeds will recapitalise First City Monument Bank Limited and […]

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3 w. ago Kano hydro power plant to commence operation in Q1 of 2026, says Kano Energy Commissioner

From Desmond Mgboh, Kano   Kano State Hydro Power Plant is to commence operation in the first quarter of 2026, Kano State Commissioner for Power and Renewable Energy, Ghaddafi Sani Shehu has announced. Shehu disclosed this during an inspection visit to Hydro Power Plant at Tiga and the Hydro Power Plant at Challawa Dam. The […] The post Kano hydro power plant to commence operation in Q1 of 2026, says Kano Energy Commissioner appeared first on The Sun Nigeria.

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3 w. ago Students’ Coalition lauds Ogun gov for launch of Gateway International Airport

By Omotunde Alawode The Coalition of Ogun State Students and Youths (COSSY) has extended a warm commendation to Governor Dapo Abiodun for the successful commencement of operations at the Gateway International Airport. This achievement marks a significant milestone in Ogun State’s infrastructural development and economic growth. In a statement by COSSY national convener, Oladimeji Uthman, […] The post Students’ Coalition lauds Ogun gov for launch of Gateway International Airport appeared first on The Sun Nigeria.

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3 w. ago Greenwich Merchant Bank hits N50bn capital mark, set for expansion

Greenwich Merchant Bank has attained a major growth milestone by successfully meeting the Central Bank of Nigeria’s (CBN) N50 billion minimum capital requirement for banks of its level. The apex bank, in a letter dated September 22, 2025, confirmed its approval of Greenwich’s N22.6 billion fresh capital raised through a Rights Issue and Private Placement, […] The post Greenwich Merchant Bank hits N50bn capital mark, set for expansion appeared first on The Sun Nigeria.

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3 w. ago Dangote Refinery: NEPZA slams PENGASSAN, says strikes, lockouts prohibited in FTZs

Tribune Online Dangote Refinery: NEPZA slams PENGASSAN, says strikes, lockouts prohibited in FTZs The Nigeria Export Processing Zones Authority (NEPZA) has cautioned the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) against actions that contravene Free Trade Zone (FTZ) regulations, reaffirming that strikes and lockouts are expressly prohibited within such zones for a period of ten years from commencement of operations. The Authority’s Managing Director, Dr. […] Dangote Refinery: NEPZA slams PENGASSAN, says strikes, lockouts prohibited in FTZs Tribune Online

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3 w. ago Greenwich Merchant Bank achieves N50bn capital requirement by CBN

Greenwich Merchant Bank has successfully met the N50billion capital requirement as mandated by the Central Bank of Nigeria (CBN). By read more Greenwich Merchant Bank achieves N50bn capital requirement by CBN

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4 w. ago Ogun gov commended as flight operations set to commence at Gateway International Airport

Tribune Online Ogun gov commended as flight operations set to commence at Gateway International Airport The Ogun State Local Government Special Advisers' Forum has commended Governor Dapo Abiodun for his investment in Gateway International Airport, which is set to begin operations on Tuesday, October 7, 2025, in Iperu. The forum made the statement in Abeokuta, highlighting the economic, employment, and developmental benefits of the project to the state and its people. Ogun gov commended as flight operations set to commence at Gateway International Airport Tribune Online

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4 w. ago Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus

Tribune Online Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus Nigeria’s ongoing bank recapitalisation exercise is reshaping the financial sector, with Union Bank, Polaris Bank, and Keystone Bank emerging as prime targets for potential acquisitions or mergers. As the Central Bank of Nigeria (CBN) presses ahead with its March 2026 deadline for compliance with new minimum capital requirements, attention is turning to lenders yet to […] Recapitalisation: Why Union Bank, Polaris, Keystone are in Focus Tribune Online

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