Business

By Olatomiwa Osho  The Lagos State Ministry of Tourism, Arts and Culture has received a delegation from The Festival Hotel, Conference Centre & Spa to explore collaboration and strengthen partnerships in the state’s tourism and hospitality sector. Receiving the delegation, the Permanent Secretary, Mrs. Bopo Oyekan-Ismaila, reaffirmed the government’s commitment to partnering with private operators to promote tourism and improve…

The Securities and Exchange Commission (SEC) has ordered all capital market regulated entities in Nigeria to terminate correspondent banking relationships and restrict business dealings involving North Korea and Iran, as part of sweeping anti-money laundering and counter-terrorism financing measures that take immediate effect.  The directive was disclosed in a circular to all capital market regulated entities, dated August 14, 2026.  …

The Lagos State Government, through the Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI), has reaffirmed its commitment to positioning Nigeria’s creative economy for global competitiveness. The Commissioner, Mrs. Folashade Bada Ambrose-Medebem, said this at the “IP for Growth in Africa: Lagos Music Industry Workshop,” a three-day programme focused on strengthening intellectual property (IP) frameworks in the music industry. She…

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with AFN Global Services Limited, has trained 50 beneficiaries in Anambra State on Quality Auditing and ISO Certification. The five-day programme, held from August 3 to 7, 2026, in Awka, was part of NCDMB’s efforts to build local capacity and improve the competitiveness of Nigerian businesses. A representative of the…

Trading activity on the nation’s bourse recorded a sharp increase in the week ended August 14, 2026, as investors exchanged 12.153 billion shares valued at N176.058 billion across 224,146 deals. The performance represents a 126.8 per cent increase in traded volume compared with the 5.359 billion shares worth N139.053 billion exchanged in 261,869 deals in the previous week. Turnover value…

…urges MDAs to remove bottlenecks The National Information Technology Development Agency (NITDA) has urged stronger inter-agency collaboration to ensure effective implementation of the Nigerian Startup Act (NSA) and deliver real benefits to entrepreneurs and investors. The call was made at the NSA Incentives Activation Co-Creation Session in Abuja, organised by NITDA’s Office for Nigerian Digital Innovation (ONDI). Representing the DG,…

Governor Umo Eno of Akwa Ibom State has met with officials of Airbus and SAMCO Group Europe in Canada to advance Ibom Air’s fleet expansion and strengthen plans for the Aircraft Maintenance, Repair and Overhaul (MRO) facility at Victor Attah International Airport, Uyo. Eno held the meetings in Montreal ahead of the Pre-Delivery Inspection of Ibom Air’s latest Airbus A220-300…

PalmPay Nigeria has called for increased investment in interoperable payment infrastructure to strengthen regional economic integration and support Africa’s next phase of economic growth. The fintech company made the call at the Central Bank of Nigeria’s (CBN) 7th Africa Emerging Markets Forum (AEMF 2026), held from July 29 to 30 in Abuja. Speaking during the forum, PalmPay Nigeria’s Managing Director,…

Geregu Power Plc has revealed it is engaging relevant stakeholders and advisers to resolve concerns surrounding its N40.09 billion bond repayment obligations. The development follows Geregu’s default on the eighth coupon payment and fourth bullet principal repayment of its N40.09 billion series 1 senior unsecured bond, which was raised to support the company’s funding requirements and planned expansion projects. According…

The Securities and Exchange Commission (SEC) has directed capital market operators to freeze assets belonging to six individuals and three firms designated as terrorist financiers. The directive was contained in a circular signed by the SEC management on June 26, 2026, and published on the commission’s website on Wednesday. SEC said the Nigeria sanctions committee (NSC) designated the individuals and…