Business

A Federal High Court sitting in Lagos has adjourned the N12.3 billion loan controversy case involving the Chairman of Honeywell Group, Oba Otudeko, and three others, to June 11, 2025. Justice Chukwujekwu Aneke postponed the case to allow time for either a peaceful settlement or the formal arraignment of the suspects. The decision followed reports that negotiation are still ongoing…

Seplat Energy Plc, says it is committed to leading Nigeria’s indigenous gas revolution, with a strong belief in energy for all, powered by gas, guided by sustainability and driven by Nigerian expertise. The Managing Director, Seplat Energy Producing Nigeria Unlimited (SEPNU), Mr. Oladotun Isiaka, gave this assurance at the ongoing Offshore Technology Conference  in Houston, United States whilst speaking on…

The Securities and Exchange Commission (SEC) has ramped up its fight against Ponzi schemes in Nigeria, vowing to take decisive action against illegal fund operators while educating the public to prevent further victimization. At an awareness campaign held at the Dei-Dei Building Materials Market in Abuja, the SEC emphasized its commitment to saturating public spaces with information about illegal investment…

Justice James Omotosho of the Federal High Court Abuja has dismissed a suit filed by MultiChoice Nigeria, owners of DStv and GOtv, challenging the Federal Competition and Consumer Protection Commission’s (FCCPC) intervention in its recent subscription price hike. Delivering judgment, Justice Omotoso ruled that the suit constituted an abuse of court process as similar proceedings were already pending in Lagos…

The Securities and Exchange Commission (SEC) has begun the technology adoption assessment for registered capital market operators (CMOs). According to the SEC in a Circular, the exercise was to assess the adoption of advanced technologies among registered CMOs. “The following technology adoption survey is designed by the Commission to assess the adoption of advanced technologies among registered Capital Market Operators…

A total of six Nigerian banks generated N534.32 billion from electronic-banking charges, account maintenance fees, among other charges imposed from customers in first quarter (Q1) ended March 2025. This is an increase of 26.5per cent from N422.24bllion reported in first quarter ended March 2024. The six big banks are: United Bank for Africa Plc (UBA), Access Holdings Plc, Guaranty Trust…

Nigeria and Brazil have set up a joint team to finalise the direct flight agreement between the two countries.  On October 7, 2024, Nigeria commenced discussions with Brazil to facilitate direct flights between both countries. Minister of aviation and aerospace development, Festus Keyamo  met with Brazil’s minister of ports and airports, Silvio Costa Filho  at the ministry’s headquarters in Brasília.…

The Securities and Exchange Commission (SEC) has warned Nigerians against investing in “Property World Africa Network” (PWAN), saying the entity is not registered to solicit funds from the public. In a statement signed by the management, the commission said PWAN presents itself as a real estate investment firm but is not licensed to operate in any capacity within the Nigerian…

Despite an impressive first quarter ended March 2025 result and accounts, the market value of Aradel Holdings Plc, has depreciated by N650 billion in first four months of 2025 over investors profit-taking and sentiment trading. Stock price of the integrated oil and gas service company listed on the Nigerian Exchange (NGX) closed for trading in 2024 at N598 per share,…

As part of its continued commitment to sustainability, Access Holdings Plc will be amongst the leading participants in the United Nations Environment Programme Finance Initiative (UNEP FI) Regional Roundtable on Sustainable Finance for Africa and Middle East. Taking place from May 6-7, 2025, in Marrakech, Morocco. The event will bring together regulators, policymakers, and key stakeholders from the financial sector…