Business

The Nigeria Deposit Insurance Corporation (NDIC) has announced its exceptional performance at the 2025 Federal Public Service Innovation Competition, emerging as both the overall winner (1st place) and Third runner-up out of 155 competing entries from across Ministries, Departments, and Agencies (MDAs). This remarkable achievement was announced by the Head of the Civil Service of the Federation (HOSF), Mrs. Didi…

Nigeria has taken a bold step toward deepening its innovation ecosystem with the official launch of the Startup Consultative Forum, an initiative designed to accelerate the implementation of the Nigeria Startup Act (NSA) and strengthen the country’s tech startup ecosystem. While addressing the forum, NITDA’s Director General, Kashifu Inuwa, who was represented by Barrister Emmanuel Edet, the Ag. Director, Regulation…

The Nigerian equities market on Wednesday closed on a negative note following share price depreciation in Ecobank Transnational Incorporated (ETI) Plc and 24 others. As a result, the All-Share Index declined by 130.33 basis points or 0.12 per cent, to close at 105,800.85 basis points. Similarly, the overall market capitalisation value shed N81 billion to close at N66.496 trillion. However,…

Guaranty Trust Bank (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc (GTCO) has announced a 50 per cent increase in its SMS transaction alert fee from N4 to N6 per message, citing changes in telecom service rates. The adjustment will take effect on Thursday, May 1, 2025. In a message to customers, the bank said the increase is…

The Nigerian equities market appreciated by N3.7 trillion in the first four months of 2025, driven by 2024 full year results mixed performance and first quarter ended March 31, 2025, corporate earnings of listed companies.  WESTERN POST gathered that the equities market opened 2025 at  N62.76 trillion, gaining N3.7 trillion or 5.9per cent to close on April 30, 2025 at…

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday joined industry stakeholders in celebrating the 20th anniversary of Chapel Hill Denham, one of the country’s foremost investment banking firms. Speaking at the commemorative event held in Lagos, Edun praised the firm’s transformative impact on Nigeria’s financial sector over the last two decades, calling Chapel…

The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama has warned Nigerians to beware of firms that claim that the  registration of their companies with the Corporate Affairs Commission and SCUML certificate from the Economic and Financial Crimes Commission have empowered them to operate investment schemes in Nigeria. Agama said this during an interview with journalists on…

Following the signing of a shareholders’ agreement for the establishment of a Shipping Joint Venture (JV) named Unity Shipping Worldwide (USW) earlier in the year, the NNPC Shipping Ltd., a subsidiary of the NNPC Ltd., and its partners – Caverton Marine and Stena Bulk on Tuesday met at the NNPC Towers, where they pledged to make the JV a reference…

By Kunle Sanni The European Bank for Reconstruction and Development (EBRD) is opening its first West African office in Lagos, signaling a deepening of Nigeria’s global economic ties. This move comes two months after Nigeria became the bank’s 77th shareholder, marking EBRD’s expansion into sub-Saharan Africa. The announcement was made during a meeting between Vice President Kashim Shettima and the…

The Director General of the Nigerian Civil Aviation Authority (NCAA), Capt. Chris Najomo, on Tuesday hosted top aviation stakeholders at a high-level symposium focused on enhancing aviation security across Nigeria. The event, held under the theme “Fundamentality of Aviation Security in Achieving the Safe-Skies Goal,” brought together key players in the sector, including the Permanent Secretary of the Ministry of…