Business

The Aba Power, Nigeria’s newest electricity distribution company (DisCo), has dismissed media reports that an Abia State High Court has voided the new electricity tariff from the Nigeria Electricity Regulatory Commission (NERC) for its customers or that of any of the other 11 DisCos in the country.

The significance of a consistent and reliable power supply in Nigeria’s institutions of higher learning cannot be overstated. A steady flow of electricity is essential for creating a conducive learning environment, facilitating academic activities and supporting the entire educational experience.

Schneider Electric has secured the deal to provide sustainable and uninterrupted power to Eko Atlantic City with focus on energy-efficient solutions. The firm announced this in a statement, noting that it plays a crucial role in securing 99 per cent electricity availability

The Port and Terminal Multiservices Limited (PTML) Command of Nigeria Customs Service has partnered with the Independent Corrupt Practices and Related Offences Commission (ICPC) to promote the virtue of transparency and uphold the fight against corruption at the seaport.

The Managing Director, Project Management Institute, Sub-Saharan Africa, George Asamani,has stated that by 20250, Africa’s young workforce could be one of the most powerful economic forces globally, bridging labour gaps in aging economies.

The Mastercard Foundation has launched a new podcast that seeks to challenge, motivate, and inspire the next generation to lead with purpose and to act with courage. ‘Transcending Boundaries – Conversations with Reeta Roy’ is a compelling new series that shares the lives

Financial inclusion remains a critical pillar for economic growth and social development in Nigeria, Adekunle Adebiyi, has said. As a former Chief Sales and Distribution Officer at MTN Nigeria and a leader in the fintech sector

The Senior Special Assistant to President Bola Tinubu on Technical, Vocational, and Entrepreneurship Education, Ms. Abiola Arogundade, has bagged a Professional Doctorate degree in Business Management with specialisation in Business Economics and Finance.

The highly anticipated 2nd Saskatoon Black Business Expo is set to take place at Prairieland Park, Saskatoon, Saskatchewan, Canada, providing a platform for Black entrepreneurs and business professionals to showcase their ventures, connect with industry leaders, and access vital resources. This year’s event organized by Saskatoon Black Business Network is expected to be even bigger…

Dr Mohammed Bello Shehu, the Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in this interview with JOSEPH CHIBUEZE, explains why the popular demand for resource control by many Nigerians may not be the best for the country now as well as the misconceptions about salaries of public officeholders.

FirstHoldco has announced a 25% oversubscription of its recently concluded Rights issue.

Director-General of the Nigeria Civil Aviation Authority (NCAA), Capt. Chris Najomo, has stressed the importance of a Board of Directors in enhancing the corporate governance of the apex regulatory agency.

The International Air Transport Association (IATA) has called for the rapid adoption of digital identity technologies to enhance aviation security and operational efficiency.

Cedrus Capital Limited has successfully arranged the oversubscribed N3 billion Series 1 commercial paper (CP) issuance for RusselSmith Nigeria Limited, which is part of its N10 billion CP programme.

Lagos State Governor Babajide Sanwo-Olu has commended Alaro City, a new city in West Africa, for stimulating the economic growth of the state with $1 billion.

Nigerian Breweries Plc (NB) has completed the acquisition of the remaining 20 per cent minority stake in Distell Wines and Spirits Nigeria Limited (DWSN), sealing its full ownership of the company.

The NASD OTC Exchange Plc has strengthened its market position with the listing of 15,255,079,725 shares of Infrastructure Credit Guarantee Company (InfraCredit) at N2.43 per share.

PEARL Awards Nigeria has announced the appointment of UPTICOMM Marketing Company Limited as the official sponsorship marketing consultant for its 30th-anniversary celebrations.

No fewer than 657 workers across the LAPO ecosystem have been honoured with long service and meritorious awards by the management of the organisation. Board Chairman of LAPO, Godwin Ehigiamusoe, stated this on Thursday at the 2025 Annual Staff Long Service and Meritorious Award Ceremony held in Benin City. Ehigiamusoe said the selected staff had…

The Bank of Industry (BOI) has launched a special intervention programme, Project Guaranteed Loans for Women (GLOW), valued at ₦10 billion to support female entrepreneurs across the country. The bank’s Managing Director, Dr. Olasupo Olusi, announced the initiative on Thursday in Lagos, stating that the funding “aims to bridge the financial inclusion gap for women…

As of February 2025, the National Identity Management Commission (NIMC) had issued 117.3 million National Identification Numbers (NINs) to Nigerians.

To strengthen corporate governance among listed firms, audit committee members have been urged to ensure a well-defined tax policy and strategy that aligns with the evolving tax landscape.

The Board of Unity Bank Plc has announced the appointment of Ebenezer Kolawole as the Acting Managing Director/Chief Executive Officer following the retirement of Oluwatomi Somefun who has completed her tenure.

Akin to the title of one of the literary works of the Nobel laureate, Professor Wole Soyinka’s "Chronicles from the Land of the Happiest People on Earth," Nigerian culture is synonymous with celebrations full of various cuisines, refreshing and diverse beverages.

The Nigerian Content Development and Monitoring Board (NCDMB) has linked the recent $5.5 billion final investment decisions (FIDs) by TotalEnergies and Shell to local initiatives like the Nigerian Oil and Gas Opportunity Fair (NOGOF).

Industry leaders at the 2025 Company Secretaries and Registrars Forum, organized by the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), have emphasised responsible AI adoption in corporate governance and sustainability.  The forum gathered experts in governance, finance, and technology to discuss AI’s role in sustainable corporate practices. Speaking at the panel discussion themed…

Africa’s leading B2BC event servicing company, Eventhive, has announced the launch of the 4th edition of UK-Africa Business Outlook scheduled to be held on Wednesday, 26th of March, 2025 in London, This year’s edition of the event is holding in partnership with Addleshaw Goddard as the Host Partner. UK-Africa Business Outlook fourth edition will focus…

Nobel Peace Prize nominee, Zuriel Oduwole, and Sterling One Foundation have emphasized the need for gender equality and youth empowerment during a courtesy visit to the Lagos State Governor’s Office, where discussions focused on sustained action in creating opportunities for young leaders.

Africa Oil Corp. (TSX: AOI, Nasdaq Stockholm: AOI) has appointed Ahonsi Unuigbe to its Board of Directors, reinforcing its commitment to governance and strategic leadership. Unuigbe, Founder & CEO of Petralon Energy and Chairman of Nigerian Exchange Limited (NGX), brings extensive expertise in oil and gas, capital markets, and corporate governance. He joins alongside new…

The Bank of Industry (BoI) has assured the Women Chamber of Commerce, Industry, Mines and Agriculture (WCCIMA) of its commitment to unlocking financial solutions for female entrepreneurs with strategic funding initiatives aimed at driving economic growth and innovation among women-led businesses.

The Nigerian Exchange Limited (NGX), yesterday, extended losses to the third straight session as market capitalisation declined by N288 billion, amid price depreciation in MRS Oil Nigeria Plc, Aradel and 35 other stocks.

Air Peace has announced a fare reduction of up to ₦600,000 for travellers flying from various Nigerian cities to London, along with an additional luggage allowance. The airline’s Head of Corporate Communications, Dr. Ejike Ndiulo, disclosed this in a statement on Wednesday, noting that the promotional offer would run until March 31, 2025, with an…

The Adamawa State police command has arrested a 35-year-old man, Abdulaziz Mohammed, for defiling a five-year-old girl in Mubi North local government area. Police spokesman in the state, SP Suleiman Nguroje in a statement made available to newsmen in Yola said the arrest followed a complaint lodged by the victim’s father, at the Mubi North…

The Nigeria Customs Service (NCS) has raised its daily revenue to N18.9 billion at Apapa Port, breaking the previous record of N18.2 billion achieved in October.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, the Nigerian National Petroleum Company Limited (NNPCL) and Niger Delta leaders have reiterated the need for sustained development in oil-producing communities

The contentious $2.4 billion divestment of Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance Africa Energy Holdings has taken a new turn, as Global Gas & Refining Limited (GGRL) intensifies its legal battle over the development.

APM Terminals Apapa has engaged the Special Adviser to the Oyo State Government, Tilewa Folami, along with agricultural commodities importers and exporters, to address logistics challenges and explore opportunities for utilising the Apapa-Moniya rail line. Last month, APM Terminals in collaboration with the Nigerian Railway Corporation (NRC), launched the Apapa-Moniya rail service, which operates three…

Deputy Executive Secretary, Economic Commission for Africa (ECA), Antonio Pedro, has said that the African Continental Free Trade Area (AfCFTA), a key project of the African Union’s Agenda 2063, requires an estimated $411 billion for transportation infrastructure

Industry stakeholders have challenged the recent inflation numbers for February from the National Bureau of Statistics (NBS), stating that the reduction in inflation put out is not reflecting in the cost of goods and services.

The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has restated the commitment of the agency to supporting initiatives that promote tax policy development and build the capacity of tax administrators in the West African sub-region.

The United Nations Conference on Trade and Development (UNCTAD) has warned about the devastating impact of overfishing and climate change on global marine resources, calling countries for urgent action, including a legally binding treaty.

Industry experts have attributed Nigeria’s continued payment of the $400 million war risk premium to the persistent use of private security firms and foreign military forces to secure merchant vessels on the country’s waterways.