Business
NGX Group plans digital platform for public offers
The Nigerian Exchange Group has said that it is working on plans to provide an online platform for public offers as well as expand its footprint across the African continent. This was disclosed at the...
2nd May 2024
ICSAN VP wins global award
The Vice President and Council Member of the Institute of Chartered Secretaries and Administrators of Nigeria, Mrs Uto Ukpanah, has won the award of ‘The Global Corporate Secretary’ of the year ...
2nd May 2024
Pension fund records first dip in 18 months
Nigeria’s pension fund has declined for the first decline in 18 months on the back of portfolio rebalancing by Pension Fund Administrators. Monthly data from the National Pension Commission showed t...
2nd May 2024
Cairo bootcamp will boost tech entrepreneurs’ capacity – Open Startup
A non-governmental organisation, Open Startup, has completed its first pan-African Deeptech Bootcamp under the BRAIN 3.0 initiative. Open Startup, which fosters innovation and capacity building throug...
2nd May 2024
‘Govt should sustain student loan scheme’
The Federal government has been urged to sustain the student loan scheme to boost the country’s educational level and improve its Human Capital Development Index. The call was made by the Bishop of ...
2nd May 2024
Shippers council corporative disburses N71m dividend
The Nigerian Shippers’ Council Staff Corporative Society has revealed that N70.9m has been disbursed as dividends to its members for the year 2023. The President of the NSCSM corporative society, ...
2nd May 2024
Guinness optimistic despite N81bn FX loss
Guinness Nigeria Plc has improved its operating profit by 27 per cent to N2.21bn in the first quarter of 2024 despite N81bn foreign exchange loss. This was revealed in the unaudited financial results ...
2nd May 2024
Fuel scarcity: FG begins 15-day emergency fuel supply
As fuel scarcity continues to bite harder in different locations, the Federal Government says it has begun a 15-day emergency fuel supply to ensure the commodity circulates across the length and bread...
2nd May 2024
FG gives fresh condition for gas licence
The Federal Government says it will stop granting licences to gas companies with no capacity to build pipelines for gas distribution. This, the government said, became necessary to discourage the tran...
2nd May 2024
Lagos-Calabar highway: FG faults Landmark title, begins N2.7bn compensation payment
The Minister of Works, David Umahi, has faulted Landmark Group shoreline’s title, stating that the shoreline never belonged to the property company. He faulted Landmark Group shoreline’s title at ...
2nd May 2024
FG restricts Lagos bridges sand miners’ licences
The Minister of Works, David Umahi, has directed that approval for sand mining beneath bridges in Lagos State should be restricted to a minimum distance of 10km from the centre of any bridge in the st...
2nd May 2024
Ecobank grows profit to $407m
Ecobank Transnational Incorporated grew its profit after tax by 11 per cent year-on-year to $407m in 2023 from $367m in the previous year. This was indicated in its financial results filed with the Ni...
2nd May 2024
FCMB’s digital revenue hits N60bn
FCMB Group Plc has revealed that its digital revenue improved by 62.4 per cent in 2023 to N60.3bn from N37.1bn in the previous year. The lender disclosed in its 2023 audited financial, which was filed...
2nd May 2024
Govt expenditure rose by 33% in February– MPC member
The Federal Government’s expenditure increased by 33.5 per cent in February, according to a member of the Monetary Policy Committee of the Central Bank of Nigeria, Bamidele Amoo. Amoo in his stateme...
2nd May 2024
Agama assumes office as SEC DG
The newly-appointed Director General of the Securities and Exchange Commission, Dr Emomotimi Agama, assumed office at the commission’s Head office in Abuja on Tuesday. President Bola Tinubu announce...
2nd May 2024
Seme border trade dips by 90% over forex crisis –Agents
Licensed customs agents operating at Seme Border have blamed the fluctuating rate of CFA against the naira for the 90 per cent drop in activities at the border. The Special Adviser to the President of...
2nd May 2024
Nigeria, others account for 8% of global seafarers, says ITF
Only 78,000, or 7.8 per cent, of the over 1 million certified seafarers working on international merchant ships worldwide are from Nigeria and other African nations, according to the International Tra...
2nd May 2024
Businesses can’t plan with unstable exchange rate, says CPPE
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has said that it would be extremely difficult for investors to plan under the fluctuating exchange rat...
2nd May 2024
ATSSSAN decries deaths of pilots denied severance package
The Air Transport Services Senior Staff Association of Nigeria on Wednesday described as unfortunate the death of five former staff of the defunct Nigerian Airways who passed on within the last seven ...
2nd May 2024
Abiodun woos more investors to Ogun
Ogun State Governor, Dapo Abiodun has called on investors across the globe to tap into the enormous investment opportunities in the state, assuring them that his administration is committed to creatin...
2nd May 2024
Consumers worry over influx of fake products
Nigerians are increasingly troubled by the recent surge in counterfeit goods in the market. The surge in adulterated products is eroding consumer trust in their purchases and creating substantial heal...
2nd May 2024
Oyebanji, Kyari others to receive awards in London
The Governors of Ekiti State, Abiodun Oyebanji; Bayelsa State, Senator Duoye Diri, Interior Minister, Olubunmi Tunji-Ojo, Chief Executive Officer of NNPCL, Mele Kyari, have been billed to receive Tr...
2nd May 2024
Terminal operator unveils automated access gate at Tincan port
Determined to ensure efficient service delivery in port operations, Five Star Logistics Terminal has unveiled an automated pedestrian access gate at Tincan Island Port, Lagos. Addressing journalists d...
2nd May 2024
Guinness optimistic despite N81bn FX loss
Guinness Nigeria Plc has improved its operating profit by 27 per cent to N2.21bn in the first quarter of 2024 despite N81bn foreign exchange loss. This was revealed in the unaudited financial results ...
2nd May 2024
$120bn aid: Don’t ignore Africa, W’Bank tells wealthy nations
The President of the World Bank, Ajay Banga, warned wealthy countries that it would be shortsighted to “ignore” Africa at a time when development budgets are being strained by wars in Ukraine and ...
2nd May 2024
Low refining capacity slows African downstream oil sector – Sahara Group
The Executive Director of the Sahara Group, Wale Ajibade, has stated that inadequate refining capacity, insufficient storage, and impeded product movement across Africa are the three major impediments...
2nd May 2024
NCDMB receives N450m dividend from Waltersmith modular refinery
The Nigerian Content Development and Monitoring Board has disclosed that it has received an interim dividend of N450m out of the N1.5bn declared for the 2023 financial year by Waltersmith Refinery and...
2nd May 2024
MIDOil refinery seeks host communities’ cooperation
Prior to the commencement of the construction of its proposed 100,000 barrels per day modular refinery, the MIDOil Refining and Petrochemicals Company Limited had set up a community forum. The inaugur...
2nd May 2024
Aradel Holdings recommits to indigenisation in oil industry
Aradel Holdings Plc has reiterated its commitment to indigenisation in the nation’s oil industry. The Chief Executive Officer/Managing Director of Aradel, Mr Adegbite Falade, disclosed this recent...
2nd May 2024
Obat Oil rebrands
Obat Oil and Petroleum Limited has undergone a rebranding process and will now be known as Obat Energy. The energy firm said this in a statement made available to newsmen on Wednesday. According to th...
2nd May 2024
Agric imports gulp N12tn despite nine-year Anchor Borrowers scheme
Nigeria spent about N11.6tn on the importation of agricultural products during the nine-year period which it spent over N1.1tn on the Central Bank of Nigeria-led Anchor Borrowers Programme and other i...
2nd May 2024
