Business

The Nigerian Railway Corporation (NRC) has signed Memorandum of Understanding (MoU) with Plateau State Government to reopen and operate the Jos–Kuru rail corridor, aiming to boost regional transport infrastructure and stimulate economic activity. This landmark agreement, was signed in Lagos by the Plateau State Commissioner for Transportation, Mr. Jatau Davou, and NRC Managing Director, Dr. Kayode Opeifa to signifies a…

In an effort to position Nigeria as a global technology hub, the Federal Government of Nigeria, through the National Information Technology Development Agency (NITDA), would be collaborating with KAOUN International to host the world-renowned Gulf Information Technology Exhibition (GITEX) in Nigeria. This was made known at NITDA’s corporate headquarters in Abuja during the inauguration of the Local Organising Committee (LOC)…

Paschal Dozie, a doyen of banking in Nigeria and founder of Diamond Bank, is dead. According to Arise News on Tuesday morning, Dozie, who was the former chairman of MTN Nigeria, died at 85. He lost Diamond to Access Bank’s acquisition after the bank ran into troubled water under the leadership of his son, Uzoma Dozie. With a net worth…

The domestic equities market on Monday began the week on a bearish trend as investors’ investment down by N658 billion. The All Share Index (ASI) lost by 1,295.02 points, representing a loss of 1.23 per cent to close at 104,216.87 points. Also, market capitalisation shed N658 billion to close at N65.489 trillion. The overall downturn was impacted by losses recorded…

Concerned experts in the petroleum industry have raised concerns over the irregularity in the recent reconstitution of the Nigerian National Petroleum Company Limited (NNPC Ltd) Board, citing non-compliance with the Petroleum Industry Act (PIA) 2021. In a formal statement signed by Mr Abolade Adewale released over the weekend, the experts called for the reversal of the appointment of Aminu Said…

Nnamdi Azikiwe International Airport, Abuja, on Sunday, April 6, 2025, received the inaugural direct flight from Algiers, operated by Air Algérie, according to a post by the Federal Airports Authority of Nigeria (FAAN) on their official Facebook page. The Air Algérie Boeing 737 aircraft, with registration number 7T-VJR, landed at 16:05hrs, carrying dignitaries from the Nigerian Embassy in Algiers and…

The shareholders of the Nigerian National Petroleum Company Limited (NNPCL) on Friday approved the names and portfolios of the new management team of the company that would be submitted to the Corporate Affairs Commission. The move is in line with the provisions of the Petroleum Industry Act. The submission of the names of the new NNPC management was done through…

…as Ibese plant concludes 2024 youth empowerment programme The implementation of the Community Development Agreement with host communities by the management of Dangote Cement, Ibese Plant, came under applause at the weekend as host communities as well as the Federal Ministry of Solid Mineral Development praised the management for diligent execution of the agreement for the benefit of the rural…

The banking sector regulating body, Central Bank of Nigeria (CBN) in 2024 imposed N15.43 billion sanction on Zenith Bank Plc in 2024 financial year. Zenith bank fails to comply in 10 banking rules, forcing the CBN to impose the sanctions in 2024. A document sighted by WESTERN POST revealed that Zenith Bank was sanctioned N14.65billion infractions from the foreign exchange…

The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has said that the Investments and Securities Act 2025 is a game changer that has the strong potential for stimulating growth for the Nigerian capital market and the economy. Agama who stated this during an interview in Abuja on some of the highlights of the ISA 2025, said the…