Business

The Debt Management Office (DMO) on Wednesday announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an oversubscription of 735per cent. DMO had announced the issuance of a N300 billion 7-year Ijarah Sukuk bond to fund critical road and bridge infrastructure across Nigeria’s six geopolitical…

Dangote Cement Plc on Tuesday in Lagos hosted the 2025 annual customer award night to celebrate its customers and distributors. The award night was attended by Lagos State Governor Babajide Sanwo-Olu, former Ogun State Governor Aremo Olusegun Osoba and other guests. Aliko Dangote, President of Dangote Group praised the customers and distributors for their partnership and collaboration. Governor Sanwo-Olu who…

The Nigerian Exchange closed on a positive note on Tuesday as the stock market capitalisation surged past the N70 trillion mark, following renewed investor interest in heavyweight stocks like Airtel Africa and key players in the insurance sector. At the close of trading, the All-Share Index rose by 1,721.29 points, representing a 1.57 per cent increase to settle at 111,606.22…

Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has revealed that bank employees are conniving with hackers to aid cyber fraud. Speaking in an interview on TVC , Olukoyede said six banks have been targeted in coordinated cyber attacks by hackers. The EFCC chairman claimed that bank employees grant access to banking portals in which hackers usually…

The Group Chief Operating Officer, NNPC Ltd., Mr. Roland Ewubare, and the Executive Vice President, Downstream, Mr. Mumuni Dagazau, on Monday led a delegation on a working visit and facility tour of the Warri Refining and Petrochemicals Company Limited (WRPC) in Delta State.

 The managing director, Niger Delta Power Holding Company (NDPHC), Jennifer Adighije   has said it is being owned   about N600 billion by the Nigeria Bulk Electricity Trading (NBET) Plc and other bilateral entities. Adighije  in a statement on Sunday, said the debt is taking a toll on the operations of the power holding company. She lamented the limited uptake of electricity…

The Royal Canadian Mounted Police (RCMP) International Special Services has commended the Nigeria Customs Service (NCS) for its unwavering commitment to safeguarding borders and disrupting transnational organised crime through strategic partnerships and intelligence-driven operations. This recognition follows the recent recovery of 12 luxury vehicles by the RCMP Liaison Office in Lagos, adding to the 53 earlier recovered. This brings the…

The Director-General, Securities and Exchange Commission (SEC), Dr Emomotimi Agama has said that listed companies declared dividends totaling N1.1trillion to shareholders in 2024. He disclosed this at the first quarter Capital Market Committee (CMC) meeting recently in Lagos. Agama said out of the amount, listed companies had already paid N1.0 trillion to shareholders. This according to him, reflects improved market…

By Kunle Sanni The federal government has unveiled a new air cargo corridor that promises to slash logistics costs for Nigerian exporters by up to 75 percent, in a bold move to boost non-oil trade and strengthen Nigeria’s footprint across African markets. Launched on Sunday at the Nnamdi Azikiwe International Airport, Abuja, the Nigeria–East/Southern Africa Air Cargo Corridor links exporters…

The Nigerian Communications Commission (NCC) has issued a new directive mandating all telecom licensees to inform consumers of major service outages via media channels, detailing the cause, affected areas, and expected restoration time. According to the directive titled “Directive on Reportage of Major Network Outages by Mobile Network Operators (MNOs),” operators are also required to notify consumers at least one…