Business

The domestic equities market on Thursday sustained negative trend, as price decline in PZ Cussons Nigeria Plc and 31 others dragged the overall capitalization lower by N11 billion. The Nigerian Exchange Limited All-Share Index ( NGX ASI) shed 9.27 basis points or 0.01 per cent to close at 105,525.26basis  points. Also, market capitalisation dipped by N11 billion to close at…

The Nigerian Civil Aviation Authority (NCAA) has issued a stern warning to international airlines regarding the increasing number of Nigerians being deported after being airlifted halfway to their destinations. In a statement released on Thursday, by Michael Achimugu, the Director of Consumer Protection and Public Affairs, the NCAA decried the refusal of entry or denial of boarding at intermediate transit…

The Chief Executive Officer of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has emerged as the Chair of the Anglophone Countries Committee of the Network of African Data Protection Authorities (NADPA). This appointment was confirmed at the Committee’s meeting on Wednesday. The Committee serves as a multilateral platform for promoting data privacy and protection among its members. While…

The Managing Director and CEO of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has highlighted the crucial role of the South-East Development Commission (SEDC) in the Federal Government’s vision to rehabilitate, expand and optimize the country’s railway infrastructure. Speaking during a working visit by the leadership of the SEDC to the NRC Headquarters in Lagos, Opeifa observed that the visit…

The Central Bank of Nigeria (CBN) on Wednesday refuted claims that it has introduced new N5,000 and N10,000 notes, describing the reports as false. This comes after widespread misinformation suggested that the apex bank had unveiled the high-denomination banknotes to enhance cash transactions. According to the reports, the CBN was set to introduce the new notes to reduce cash-handling costs…

At the start of April 2025 trading activities, the equities market closed in decline as the Nigerian Exchange Limited All-Share Index NGX ASI) fell by 0.11 per cent to 105,547.16 basis points. Consequently, the market capitalisation also dropped by 0.11 per cent to N66.19 trillion, reflecting an N71.16 billion loss in equities by the session’s end. The overall market downturn…

Aliko Dangote’s philanthropic efforts towards vulnerable individuals across the country have been commended by the Governor of Adamawa State, Ahmadu Fintiri. Over one million Nigerians nationwide will receive a 10kg bag of rice each. Fintiri stated that the National Food Intervention Programme of the Aliko Dangote Foundation has brought joy to 35,000 people in Adamawa State. The Aliko Dangote Foundation…

Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. This is one of the provisions of the newly signed Investments and Securities Act 2025. The Director-General of the Securities and Exchange…

By Adeola Ogunrinde The Lagos State Government, in collaboration with EnterpriseNGR through the Lagos International Financial Centre (LIFC), has called on both foreign and local investors to support the establishment of an International Financial Centre in Lagos to drive economic and financial growth. Speaking at the EnterpriseNGR First Quarterly Members’ Night of 2025, held in Victoria Island, Lagos State Governor…

Central Bank of Nigeria (CBN), among others have imposed a sum of N1.58 billion sanctions on Guaranty Trust Holding Company Plc (GTCO) in 2024 financial year. A document obtained by WESTERN POST from the bank’s 2024 financial year statement, showed that the lender failed to comply in 10 banking rules, most especially in Nigeria, Ghana and Rwanda.    The lender…