Business

In a move to tackle energy poverty in Africa, the African Development Bank (AfDB), World Bank Group and other development partners have committed to provide electricity access to 300 million Africans by 2030.

Foreign portfolio investment (FPI) inflow into the Nigerian equities market surged significantly, rising from a modest yearly growth of four per cent in 2023 to an impressive 16 per cent last year.

Asharami Synergy Limited has unveiled the Bowser SO-24, a cutting-edge fuel dispensing system designed to enhance efficiency and operational excellence in the aviation sector.

The Federal Government has signed a memorandum of understanding (MOU) with the West Indian Ocean Cable Company (WIOCC) Group for the provision of fibre-to-home Internet (FTHI) service to cover three million homes across the country in the next three years.

Today, leaders face the same essential challenge: How to activate synergy within teams for peak performance. In this article, we explore 10 indispensable questions every leader must answer to create this harmony, drawing on data

Unilever Nigeria Plc has released its unaudited interim report for the twelve-month period ended 31st December 2024, recording a turnover of N149.8 billion, which represented 44 per cent growth compared to N103.9 billion recorded in the corresponding period in 2023.

Amid this global upheaval, yesterday, the Nigerian Exchange Limited (NGX) showed remarkable resilience as investors’ wealth surged by N785 billion yesterday, buoyed by renewed interest in banking stocks and anticipation of robust full-year 2024 earnings and dividend declarations by listed firms.

  The Central Bank of Nigeria (CBN) reported that the PMI index reached 51.0 in December 2024, marking a significant rebound after a period of economic contraction that had persisted for several months. The last report put the PMI at 48.9 as of November last year. PMI serves as a barometer of the prevailing direction…

The Enugu Chamber of Commerce, Industry, Mines, and Agriculture (ECCIMA) has asked the state government to pursue a one-stop, unified tax payment system in the state. President of ECCIMA, Odeiga Jideonwo, said the system would prevent the multiple payment of the same tax to both the state and local governments at the same time. Speaking…

Betty Otimenyin has assumed duty as the 49th and first female Commissioner of Police (CP) in Edo StateBetty Otimenyin has assumed duty as the 49th and first female Commissioner of Police in Edo State. Addressing journalists shortly after inspecting the guard of honour, Betty said the command under her watch will work to drastically reduce…

The National Bureau of Statistics (NBS) has explained that the plan to rebase the country’s gross domestic product (GDP) and the consumer price index (CPI) is not to satisfy any interest but to ensure that economic indicators accurately reflect the evolving structure of the country’s economy. The Statistician General of the Federation (SG), Prince Semiu…

Adamawa Government in collaboration with Datarose Limited on Monday began digital skills initiative training for 50 youth and women to promote technological skills. Speaking at the training in Yola, Hammanjumba Gatugel, Commissioner for Entrepreneurship Development charged the participants to actively participate to acquire the skills for more opportunities. According to him, the selection of the…

Lagos State Governor, Babajide Sanwo-Olu, will hand over another set of projects to Lagosians, with the formal commissioning of Old Ojo Road, (Phase 1) in Oriade Local Council Development Area (LCDA) in Amuwo-Odofin Local Council, on Tuesday. Also to be commissioned are three other roads; Irede, Navy Town, and Mumuni Adio (Buba Marwa) roads, all…

Higher US tariffs under President Donald Trump could accelerate a slump in the value of China's currency, complicating recent efforts by Beijing to kickstart a rebound in its struggling economy, analysts warn.

Filing of returns by employers is a statutory obligation; it is in line with section 81, subsection two of the Personal Income Tax Act (PETA) of 2004, which states that every employer of labour should file the annual returns on or before the 31st of January every year.

The National Insurance Commission (NAICOM) in collaboration with the Nigeria Civil Aviation Authority (NCAA) has vowed to address aviation insurance-related issues and strengthen the regulations.

The Nigerian capital market posted an impressive recovery last week, reversing prior weeks’ losses as investors' wealth rose by N794 billion. This marked a notable turnaround despite two negative trading sessions out of five last week.

Alert Group has held discussions with the Securities and Exchange Commission (SEC) to offer more products to its customers across different parts of the country.

For the umpteenth time, over two hundred ex-staff of the Central Bank of Nigeria (CBN) who claimed to have been forcefully disengaged have cried foul against the discriminatory way the Yemi Cardoso-led management has approached the issue.

The 36 states and the Federal Capital Territory (FCT) have, so far, invested the sum of $834.6 million in the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme.

Stanbic IBTC Holdings Plc has unveiled a plan to allocate 96.3 per cent of the N148.7 billion raised from its rights issue to bolster its banking subsidiary. This strategic move underscores the group’s commitment to driving economic development through investments

Fresh facts have emerged that commercial and merchant banks borrowed N8.2 trillion from the Central Bank of Nigeria (CBN) in the first 17 days of the year 2025 to address the liquidity crisis. The move, according to data provided by the apex bank, was part of efforts to tackle liquidity challenges in the financial sector…

Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the…

The Imo State Police Command have killed three terrorist kingpins, some of their members and destroyed their camps. Force spokesman, ACP Olumuyiwa Adejobi, disclosed this on Saturday in a statement on the official X account of the Nigerian Police. "As part of the efforts of the Nigeria Police Force to emplace peace and public safety…

The Center for Fiscal Transparency and Public Integrity has carried out an assessment of Nigeria's performance in the enforcement of the anti-corruption protocols enacted by the United Nations (UN). The study focused on the implementation of Chapter II (Prevention Measures) and Chapter V (Asset Recovery) of the United Nations Convention against Corruption (UNCAC), which Nigeria…

The death of Engineer Sunday Makinde, the eldest brother of Governor Seyi Makinde of Oyo State, came as a rude shock to not just the family, but to all well wishes of the amiable governor . Making the statement today was the Deputy National Secretary of the Peoples Democratic Party, Hon. (Arc.) Setonji Koshoedo, in…

Guinness Nigeria Plc has announced its unaudited financial results for the six months ended 31 December 2024, showcasing impressive resilience and strategic growth in a challenging macroeconomic environment. The company reported an 82.2% revenue increase, growing from ₦142.60 billion in H1’24 to ₦259.60 billion in H1’25. This performance underscores the effectiveness of its revenue generation…

The Akansan Garmadi, Rumaya Community in the Kwassam ward of Kauru Local Government Area of Kaduna State has been thrown into pandemonium as bandits killed a 27-year-old man, Piti Ezekiel, and kidnapped five other persons. Danbaba Katuka, the National Secretary of the Kauru LGA CDAs confirmed the incident on Friday. The abducted victims are; Afiniki…

Some low-income earners in the country are currently living in darkness because of the new policy of the Ibadan Electricity Distribution Company (IBEDC) which disallowed prepaid customers from recharging below N5,000.

About a year ago, Bauchi State University, Gadau, joined the rest of beneficiary public tertiary institutions across Nigeria, to enjoy the assistance offered by the Tertiary Education Trust Fund (TETFund).

The Managing Director/CEO Nigerian Ports Authority (NPA), Dr. Abubakar Dantsohoand the Chief Executive Officer of NLNG, Dr. Phillip Mshelbilahave underscored the importance of collaboration between both organisationsto grow Nigeria’s exports drive.

El-Charis Logistics Limited, a leader in sea cargo, warehousing, courier services, and supply chain management, has launched a groundbreaking initiative aimed at addressing the critical knowledge gaps in the logistics industry. These training programs are strategically designed to equip professionals with the skills and expertise required to excel in an ever-evolving global logistics landscape. With…

The Nigerian Shippers’ Council (NSC) has unveiled plans to implement the International Cargo Tracking Note (ICTN) by the second quarter of 2025 under the Federal Ministry of Marine and Blue Economy.

Project Management Institute (PMI), the leading authority in project management, and the United Nations specialised agency for ICTs, the International Telecommunication Union (ITU), have signed a collaboration agreement to enhance project governance

The Activate Success International Foundation (ASIF) has awarded N3.25 million in grants to five National Youth Service Corps (NYSC) members to help them establish and expand their businesses. The grants were presented during a ceremony at the NYSC headquarters in Abuja on Friday. While three of the corps members received N750,000, two received N500,000 each.…

The Lagos Bus Services Ltd. (LBSL) has transported about 60 million people in its five years of operation. The Managing Director/ of LBSL, Mr Idowu Oguntona, disclosed this at a capacity building workshop for bus captains in Lagos on Friday. Oguntona said that in spite of challenges in 2024, the company exceeded its target of…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria has no reason to approach the International Monetary Fund (IMF) for loans. While speaking on the sidelines of the ongoing World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Edun said Nigeria does not have a balance of payments problem…

The Chairman of Gokana Local Government Area in Rivers State, Monday Dumiye, has procured security operational vehicles for the various commands of the security agencies operating in the council to boost security. Those to benefit from the security vehicles are the Nigerian Police Force, Nigerian Army, and the Federal Road Safety Corps commands in the…

Shares in Japanese automaker Mitsubishi Motors plunged nearly nine percent Friday after a report said it might not join a planned merger between industry giants Honda and Nissan.

The National Pension Commission (PenCom) said the total amount released from the 2024 retirees’ rights settlement has risen to N66 billion.

The financial sector has solidified its position as a leading force in the Nigerian Exchange Limited (NGX), contributing N4.2 trillion or 51 per cent of the N8 trillion stocks traded on the Nigerian Exchange Limited in the past five years.

The Securities and Exchange Commission (SEC) said its Collective Investment Schemes (CIS) increased to over N3 trillion last year.