CBN Approves Merger Of Unity, Providus Banks The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus Bank Limited. The apex bank, in a statement by its acting...

Tax Weaver on Essential Food Items Commences Next Week – Customs The Nigeria Customs Service (NCS) will begin implementation of weaver of taxes on import food items and drugs by next week. The Comptroller-General of NCS, Bashir Adeyini, announced this on Tuesday August 6, at...

NERC Transfers Regulatory Oversight to Oyo The Nigerian Electricity Regulatory Commission (NERC) on Tuesday, August 6, announced the transfer of regulatory oversight of electricity market in Oyo State to the Oyo State Electricity Regulatory Commission (ISERC). This was contained in an order dated 5th August 2024,...

Partial Blackout as National Grid Records Fifth Collapse in 2024 Nigeria’s electricity grid on Saturday collapsed yet again, throwing several cities into darkness. The latest collapse is coming months after the national grid collapsed in April. Confirming the collapse, the Abuja Electricity Distribution Company (AEDC) said the...

Student Loan: NELFUND Disburses Monthly Stipends for 20,371 Undergraduates The Nigerian Education Loan Fund (NELFUND) has disbursed N20,000.00 monthly stipends for July to 20,371 students from six tertiary institutions. The agency said this in a statement signed by its Director of Finance and Accounts, Mr Ibom...

Poetic Wednesdays Initiative Announces New Creative Director Poetic Wednesday Initiative has announced the appointment of Naseeba Babale as its new Creative Director. The literary organisation which promotes literature and literary activities in Northern Nigeria and recently organised the Kano International Poetry Festival, announced this appointment on...