Business

The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System (CSCS). The Commission made this clarification in a circular issued on Wednesday to capital market operators and other market participants as part of the…

The Central Bank of Nigeria (CBN) pumped a net N5.21 trillion into the banking system over the past week, with a single N2.48 trillion Open Market Operations (OMO) repayment on August 11, the week’s largest one-day liquidity injection. This is according to the financial data published by the apex bank on Tuesday, August 11 and 4. The robust liquidity injection…

By Olatomiwa Osho The Lagos State Government has directed manufacturers, importers, and distributors to disclose any material changes to consumer products or face sanctions. The directive was issued by the General Manager of Lagos State Consumer Protection Agency (LASCOPA), Afolabi Solebo, with the aim to boost consumer protection and curb deceptive trade practices. Businesses must disclose changes to a product’s…

The Federal Airports Authority of Nigeria (FAAN) has assured passengers that airport operations will continue despite the ongoing industrial action by aviation unions. The authority, in a statement, disclosed that it was working with aviation agencies, airlines, security agencies and other stakeholders to minimise disruptions and maintain safe and orderly operations at airports across the country. The assurance followed disruptions…

As part of its contribution to a deliberate mindset shift from spending to investment and birth a new generation of investors that will dominate Nigeria’s investment horizon over the next few decades, Investdata Consulting Limited has made arrangement for its maiden Teenage and Youths Investing summit. The summit is scheduled for 10am prompt on Saturday 15, 2026, at LUXE XXXV,…

GITEX NIGERIA 2026 will take place in Abuja and Lagos from August 31 to September 3, 2026. The event is supported by the Federal Ministry of Communications, Innovation and Digital Economy, NITDA, and the Lagos State Government, and organised by KAOUN International. The second edition, themed “Beyond Connectivity: The Bridge to Sovereign Innovation,” aligns with Nigeria’s digital transformation agenda. Through…

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Ofy Multi Dynamic Ltd, has trained 50 youths in Kaduna State on GSM phone repairs and maintenance. The two-week programme equipped participants with practical skills in phone hardware and software troubleshooting, screen and battery replacement, soldering, unlocking, flashing, virus removal and customer service, alongside basic business management. Speaking at…

The Nigerian Communications Commission (NCC) has handed over the NCC Digital Industrial Park and Learning Centre in Enugu to the Enugu State Government under a 15-year operational lease, in a move aimed at deepening Nigeria’s digital economy and expanding technology-driven opportunities. Speaking at the handover ceremony in Enugu, the Executive Vice Chairman and Chief Executive Officer of the NCC, Dr…

Femi Otedola has increased his stake in First HoldCo Plc following the acquisition of 138.04 million ordinary shares valued at about N18.11 billion. According to a regulatory filing, the shares were purchased by Calvados Global Services Limited, a company linked to Otedola as a significant shareholder, at N131.20 per share on the Nigerian Exchange.Africans & Diaspora The transaction, completed on…

..rallies regulators to drive digital innovation The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called for stronger collaboration among regulators to accelerate Nigeria’s National Regulatory Sandbox, saying inter-agency cooperation is key to an innovation-friendly ecosystem. Speaking through the National Coordinator of the Office for Nigerian Digital Innovation (ONDI), Ms. Victoria Fabunmi, at a workshop…