Business

Nigerian Exchange Group (NGX Group), in collaboration with the Central Bank of Nigeria (CBN) and MinieMoney, empowered over 200 students with essential financial literacy skills as part of the 2025 Global Money Week celebration. This initiative underscores a shared commitment to fostering financial inclusion and equipping young Nigerians with the knowledge required for long-term financial well-being. The event convened students…

A total of 15 quoted insurance companies on the Nigerian exchange Limited (NGX) declared N142.2 billion profit before tax in unaudited result and accounts for period ended December 31, 2024., about 75.5per cent increase over N81.03 billion reported in 2023 financial year.   Out of the 15 companies,  research by WESTERN POST showed that Guinea Insurance Plc., Linkage Assurance Plc, NEM…

By Kunle Sanni Visa Inc., the global payment services giant, has announced plans to establish a data centre in Nigeria as part of its ongoing investment in the country’s digital economy. The update was delivered by Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa (CEMEA), Andrew Torre, during a courtesy visit to Vice President Kashim…

The management of Nigerian National Petroleum Company (NNPC) Limited has warned the general public that it is not recruiting at the moment. It stated on X that the official recruitment announcements will only be made through its website and verified social media platforms. “NNPC Limited’s recruitment process is transparent, merit-based, and requires no external assistance,” the statement added.   NNPCL earlier…

The Nigerian Communications Commission (NCC), has disclosed that the total number of active data internet users across the networks of all internet service providers utilising different technologies like GSM, Fixed Wired, Wireless and Voice over Internet Protocol (VoIP), reached 142,161,409 as at January 2025. The latest report by NCC revealed that GSM technology maintained the market lead with 141,655,587, followed…

NNPC Retail Limited (NRL) has marked a significant milestone with the successful hosting of She-Fix 2025, an event aimed at empowering women in the automotive, technical, and energy sectors while commemorating International Women’s Day. Held at The Stable Center in Surulere, Lagos, the event attracted over 300 participants under the theme “Driving Diversity and Powering Progress.” It highlighted the crucial…

Nigerian Breweries Plc (NB) has notified the Nigerian Exchange Limited (NGX), shareholders, and the investing public that it has acquired the remaining 20per cent shareholding in Distell Wines and Spirits Nigeria Limited (DWSN).  The Company Secretary, NB, Uaboi Agbebaku, in a statement said the  full acquisition follows the execution of a sale and purchase agreement with the DWSN minority shareholders, …

The National Information Technology Development Agency (NITDA), in collaboration with the Federal Ministry of Women Affairs (FMWA), has taken a decisive step toward closing the gender digital divide by presenting the National Gender Digital Inclusion Strategy (NGDIS) at the United Nations 69th Session of the Commission on the Status of Women (CSW69). The high-level event reinforced Nigeria’s commitment to fostering…

The management of Dangote Petroleum Refinery on Wednesday announced that it has temporarily halted the sale of petroleum products in Naira.  The company in a statement obtained by WESTERNPOST stated that the decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars. The statement added that,…

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday refuted reports of an explosion at the Port Harcourt Refining Company (PHRC) in Rivers State. The company in a press statement by its Chief Corporate Communications Officer, Mr. Olufemi Soneye, said what occurred was a flare incident, which has since been fully contained. There is no danger or health hazard to…