Business

The Dangote Petroleum Refinery has explained its recent increases in the price of petrol, attributing the adjustments to the cost of crude oil purchased earlier and the time required to transport and process the commodity. The development has pushed the retail price of Premium Motor Spirit (PMS) to between N1,310 and N1,400 per litre in different parts of the country.…

The Board of Directors of Access Holdings Plc has approved the Group’s Audited Interim Consolidated and Separate Financial Statements for the half-year ended 30 June 2026. The financial statements were considered and approved by the Board at its meeting  held on 27 August 2026 and will now proceed through the required regulatory process, including approval by the Central Bank of…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has challenged Jigawa State and Galaxy Information Technology and Telecommunications (Galaxy ITT) to adopt a strategic approach to digital transformation and economic development. Inuwa made the call at the Galaxy ITT Repositioning Retreat held in Abuja on Thursday, where he expressed concern over the continued dependence of Jigawa…

The Nigerian equities market rebounded, ending an 11-day consecutive losing streak with a gain of N305 billion, following FTSE Russell’s confirmation of Nigeria’s reclassification from ‘Unclassified’ to Frontier Market status.  The NGX All-Share Index advanced 0.20 per cent to close at 239,156.09 points, pushing the year-to-date return to 53.69 per cent. Similarly, market capitalization rose by N305 billion to close…

By Olatomiwa Osho  The Lagos State Employment Trust Fund (LSETF) has enlightened 51 residents and business owners in Ikorodu on its loan opportunities and application requirements as part of efforts to expand access to finance for entrepreneurs across the State. The Application Readiness Exercise was held on Tuesday, August 25, 2026, at Igbe-Ilaara, Igbogbo, Ikorodu, where participants received practical guidance…

The Institute of Change Management (ICM) is set to hold its 2026 Annual Conference from September 3 to 4 at NECA House, Alausa, Ikeja, Lagos. The two-day conference, scheduled for 9 a.m. to 4 p.m. daily, is themed: “Unleashing Change: Accelerating Impact — Harnessing Transformation for Personal Growth and Business Excellence.” The Group Managing Director of Sahara Group, Mr Kola…

The Federal Airports Authority of Nigeria (FAAN) has authorised Bolt to resume operations at airports across the country following discussions with the e-hailing company. FAAN announced the decision on Thursday, saying it followed constructive engagements with Bolt to develop an operational framework acceptable to both parties. The development comes days after FAAN clarified that it had not imposed a ban…

Chairman of First HoldCo Plc, Femi Otedola has increased his stake in the financial services group after acquiring an additional 95.69 million shares worth N12.58 billion. The latest purchase, made through his investment vehicle, Calvados Global Services Limited, brings Otedola’s holding in First HoldCo to about 12.23 billion shares, representing approximately 26.6 percent of the company. According to an insider…

The National Information Technology Development Agency (NITDA) has inaugurated a taskforce to implement Nigeria’s Sovereign Cloud Initiative, aimed at strengthening digital sovereignty, attracting investment, creating jobs and retaining technology talent. Speaking in Abuja, NITDA Director-General Kashifu Inuwa said the initiative could transform sectors including education, finance, healthcare, agriculture and manufacturing. He said the taskforce would prioritise compliance with the Central…

United Bank for Africa (UBA) Plc, has graduated and inducted 374 young professionals into its workforce, marking the completion of Cohort 21 of its Graduate Management Accelerator Programme (GMAP), the Bank’s flagship talent development scheme.  The ceremony, which was held in Lagos recently, celebrated graduates from Nigeria and across African countries where the bank operates.  The GMAP programme is designed…