Business

The Group CEO of Nigerian National Oil Corporation Limited, (NNPCL)., Bashir Ojulari, on Tuesday reaffirmed the Corporation’s commitment to strengthening the existing partnership with Chevron Nigeria Ltd. (CNL). Ojulari, who welcomed a delegation from CNL on a courtesy visit in Abuja, pledged to deepen discussions on gas-related business. He highlighted the importance of effective, value-based partnerships to drive sustainable collaboration…

A promoter of the cryptocurrency trading platform, Crypto Bridge Exchange (CBEX), Adefowora Abiodun, has voluntarily surrendered to the Economic and Financial Crimes Commission (EFCC). The EFCC had declared Abiodun and five others wanted over allegations of involvement in a $1 billion fraudulent investment scheme. Abiodun turned himself in at the EFCC headquarters, at around 4:00 p.m. on Monday. The suspect,…

African Banker magazine has announced the shortlist of nominees for this year’s edition of its annual African Banker Awards with big Nigerian banks missing. Banks such as Access Holdings Plc, Zenith Bank Plc, Guaranty Trust Holding Company Plc (GTCO), among others were missing from the awards. The winners will be made known during the official gala ceremony scheduled for May…

A report by Atmos has named Switzerland as the safest foreign country for investments, with its highest Gross Domestic Product (GDP) per capita and one of the highest levels of economic and political stability. Switzerland leads the ranking as the lowest risk country to invest in, with a score of 100. It features exceptional economic fundamentals and the highest GDP…

Nigerian Exchange Group Plc (NGX Group) on Monday hosted the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, , for a strategic engagement aimed at leveraging the capital markets to accelerate Nigeria’s economic growth by President Bola Tinubu. The visit concluded with a ceremonial Closing Gong, symbolizing a strengthened partnership between the government and private sector to drive industrial…

The Securities and Exchange Commission (SEC) has urged cooperation among African markets in a bid to build a stronger interconnection within the continent and enhance development of new products. Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama made the call during a visit of the Board of the SEC to the Autorite Marocaine Du Marche Des Capitaux…

The Governor,  Central Bank of Nigeria (CBN), Olayemi Cardoso stated that foreign exchange reforms, among others by the apex bank have significantly bolstered investor confidence in Nigeria’s market fundamentals, stressing that step taken over 18 months have strengthened the country’s monetary buffers and positioned Nigeria to better withstand external shocks.  Speaking to the Nigerian press  at the conclusion of the…

The Federal Government has announced that Akanu Ibiam International Airport in Enugu, Enugu State, will reopen for flight operations on Monday, April 28, 2025, following the completion of emergency runway repairs. In a statement signed on Saturday by Mrs. Obiageli Orah, Director of Public Affairs and Consumer Protection, the Federal Airports Authority of Nigeria (FAAN) confirmed that the rehabilitation work…

Meta has announced plans to appeal the decision by the Competition and Consumer Protection Tribunal (CCPT) to uphold a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC), over its data practices. The penalty stems from a 38-month investigation conducted between 2021 and December 2023 by the FCCPC, in collaboration with the Nigeria Data Protection Commission…

By Kunle Sanni Vice President Kashim Shettima on Friday praised the United Bank for Africa (UBA) for its 75 years of consistent innovation, leadership, and resilience, describing the bank as a “pacesetter” and a model for African institutions. Speaking at UBA’s 75th Anniversary Dinner at the Transcorp Hilton Hotel in Abuja, Shettima commended the bank’s journey through decades of challenges…