Business

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is currently considering relocating some of its units to Lagos. The memo dated February 14, 2024, said the decision was to enhance its service delivery, reduce operational costs, and make adequate utilisation of its assets in Lagos. “In line with our objectives of improving organizational efficiency, driving industry growth, and managing office accommodation…

Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, today announces the appointment of Mr. Emeka Emuwa as Chairman of its Board of Directors. Emuwa brings a wealth of experience spread over three decades leading and transforming banking institutions across Africa. After completing a sterling 25-year career with Citibank where he left as the Country Officer and Managing…

The Nigeria Deposit Insurance Corporation (NDIC), and the Central Bank of Nigeria (CBN) have commenced supervision of the banking sector to ensure the Non-performing Loan Ratio (NPL) remains below the maximum threshold set. The Managing Director, NDIC, Bello Hassan disclosed this to lawmakers during a retreat to inform the legislature on the activities of the NDIC, with the theme, “Deepening…

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, has actively negotiated Nigeria’s unique position on several crucial matters bordering on digital trade, safeguarding against illegal transshipment under the AfCFTA, and tariff lines in specific sectors of the economy. Dr. Uzoka-Anite said this at the 13th Meeting of the African Continental Free Trade Agreement (AfCFTA) Council of Ministers responsible…

President Bola Tinubu  on Tuesday has requested the Senate to thoroughly assess and approve the nomination of five individuals for the director roles in the board of the Central Bank of Nigeria (CBN). The five nominees are: Robert Agbide, Ado Wanga, Muritala Sagaley, Urom Eke and Olayinka Aliyu. In a letter that was directed to the Senate President, Godswill Akpabio,…

Seplat Energy Plc has achieved the ISO 26000 endorsement, which is a major milestone that reinforces the Company’s commitment to social responsibility. The Company’s ISO 26000 journey commenced in September 2021 and was concluded in 2023. The two-year journey culminated in the recognition of Seplat Energy’s efforts to operate in a socially responsible way, respecting society, the environment, and the…

Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This follows the death of its former Group Chief Executive Officer, Dr. Herbert Wigwe. Wigwe died in a helicopter crash alongside his wife, son, and a former chairman of the Nigeria Exchange Group, Abimboloa Ogunbanjo on Friday A statement made by…

Opening the week, yesterday the equities market of the Nigerian Exchange Limited (NGX) extended gains from the previous session, as the overall capitalization gained N101 billion on buy interests in Geregu Power Plc and 31 others. The All-Share Index (ASI) gained 183.95 basis points or 0.18 per cent to close at 102,042.32 basis points. Also, market capitalisation rose by N101…

The National Inland Waterways Authority (NIWA) has said that in 2024, it is setting its target on the removal of wrecks across the waterways in the country. This is even as the agency said it will be carrying out main dredging across the River Niger, licensing 2,200 boats and training 1,500 Skippers before the end of 2024. On the Lagos…

…commiserates with the family of Wigwe Nigerian Exchange Group Plc (NGX Group) said on Sunday it is deeply saddened to acknowledge the tragic passing of our former Group Chairman, Bamofin Abimbola Ogunbanjo, and the Group Managing Director of Access Holdings Plc, Dr. Herbert Wigwe, along with his wife and son, in a helicopter accident in the United States of America.…