Business

It was jubilation galore in Yewa North Local Government Area of Ogun State following the donation of multi-million Naira electrical materials by Dangote Cement, Ibese plant to end over 3 years’ total blackout and get 21 communities affected by a prolonged power outage reconnected. In an unprecedented Social Investment gesture, management of the Ibese Cement plant moved to support the…

In recognition of the increasing market demand for consistent and reliable sustainability reporting, the Securities and Exchange Commission (SEC), Nigeria is joining other jurisdictions on the Growth and Emerging Markets Committee Network on sustainability. The GEMC Network was created to support the effective adoption and other use of the International Sustainability Standards Board (ISSB) Standards across growth and emerging markets.…

Sterling Financial Holdings Plc has informed investing public of a delay in releasing its audited financial statements for 2024 financial year statement and unaudited results for first quarter (Q1) 2025 on the ongoing finalization of its year-end audit, which is being carried out in collaboration with its external auditors. This announcement was made in a disclosure published on May 7,…

In a bold statement to ensure financial inclusion, the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday launched the Non-Resident BVN (NRBVN) — a secure digital gateway to banking for Nigerians abroad. The Governor, CBN, Mr Olayemi Cardoso at the lunching in Abuja said the NRBVN platform is a major milestone in…

The Senior Special Assistant to the President on Entrepreneurship Development in Communications, Innovation and Digital Economy, Ms. Chalya Shagaya, paid a courtesy visit to the headquarters of Legend Internet Plc to commend the company’s recent milestone achievement. During the visit, Ms. Shagaya congratulated Mr. Bruce Ayonote and the Legend team on the successful listing of two billion shares on the…

Senior Adviser to the President of Dangote Group, Fatima Wali-Abdurrahman, has said Dangote Industries Limited is partnering critical stakeholders in the economy to grow Micro, Small, and Medium Enterprises (MSMEs) across Nigeria. Speaking at the Dangote Special Day at the ongoing 2025 Nasarawa Trade Fair Exhibition in Lafia, she said the participation of the company and partnership with the Nigeria…

The World Bank has expressed concern that Nigeria is not reaping the full financial benefits of fuel subsidy removal, as the Nigerian National Petroleum Company (NNPC) Limited is reportedly remitting only half of the expected revenue to the federation account. Alex Sienaert, the bank’s lead economist for Nigeria, revealed this during the launch of the May 2025 Nigeria Development Update…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has emphasised the critical need for robust collaboration among academia, industry, and government. This call was made during a working visit by a delegation from Lancaster University, United Kingdom, led by Professor Kirk Semple, Director of International Research, to NITDA’s corporate headquarters in Abuja. The visit centred…

FMDQ Securities Exchange Limited has announced the official launch of FMDQ Q-Pay, a secure and efficient online payment gateway integrated into its flagship market data and information repository, the FMDQ e-Markets Portal. The Exchange said it in line with its commitment to facilitate market transparency, as evident in the ongoing provision of essential market data and information on the Nigerian…

The Nigerian Maritime Administration and Safety Agency (NIMASA) has stated that the Cabotage Vessel Financing Fund (CVFF), to be disbursed by the Federal Ministry of Marine and Blue Economy through the agency, would attract an eight-year repayment plan at a single-digit interest rate. In a statement, the Director-General of NIMASA, Dr Dayo Mobereola, announced this during a one-day interactive forum…