Business

Nigerian Exchange Group Plc (NGX Group), in collaboration with Central Securities Clearing System Plc (CSCS), hosted a high-impact symposium to mark International Women’s Day 2025. Themed “Accelerate Action for all Women: Rights, Equality, and Empowerment,” the event rallied stakeholders to drive gender inclusivity in Nigeria’s economy. Minister of Arts, Culture, Tourism, and Creative Economy (FMACTCE), Hannatu Musawa who delivered the…

Commonwealth Business Africa has inducted the Minister of Arts, Culture, Tourism and Creative Economy as a member. At the ceremony attended by the First Lady of Lagos State, Dr. Ibijoke Sanwo-Olu, the Minister delivered a keynote address on the role of women in national economic growth and development. The Minister wrote: “I was deeply honored to be inducted into the…

As the world marks International Women’s Day 2025, United Bank for Africa (UBA) has reaffirmed its commitment to gender diversity and empowerment, with 58% of its latest Graduate Management Accelerated Programme (GMAP) intake being women. At the graduation ceremony held at Landmark Event Centre, UBA’s Group Managing Director/CEO, Oliver Alawuba, emphasized that the milestone reflects the bank’s dedication to fostering…

The Central Bank of Nigeria (CBN) has appointed 16 new directors following a selection process managed by global consultancy firm PricewaterhouseCoopers (PwC). This marks a shift from previous recruitment practices, with PwC overseeing a two-phase process aimed at ensuring transparency and eliminating ethnic or religious biases. A senior CBN official, speaking anonymously, stated that the process prioritized merit and fairness.…

A report by FMDQ Exchange revealed that the total inflows into the Foreign Exchange Market declined by 12.9per cent month-on-month (m/m) to $4.12 billion in February 2025 from $4.74 billion reported in January 2025.  According to the report, the decline in total inflows into the foreign exchange market was driven by a broad-based decline across foreign (50.1per cent of total…

Fraudsters on Saturday sent Short Message Service (SMS) to Nigerians to access N450,000 NIRSAL Microfinance Bank (MfB) Non-interest targeted credit facility (TCF) household loan. SMS obtained by WESTERN POST linked victims to a website not connected to NIRSAL MfB with a demand to provide account details, National Identification Number (NIN) and Biometric Verification Number (BVN) before accessing the loan. The…

The Nigerian National Petroleum Company (NNPC) Gas Marketing Ltd, a subsidiary of the NNPCL, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply 80million standard cubic feet per day (mmscf/d) natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade…

Restoration of National Theatre: Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso (Middle) flanked by two of his Deputies, Ms. Emem Usoro (Corporate Services) and Mr. Phillip Ikeazor (Financial System Stability), and members of the Bankers’ Committee after a tour of the iconic National Theatre, Iganmu, Lagos on Thursday The National Theatre was renovated by the CBN…

The Governor of Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso on Thursday has said revamping the National Arts Theatre would be a spur to unlocking the estimated $25 billion value of Nigeria’s creative sector. Speaking in Lagos during a tour of the refurbished National Arts Theatre, a project undertaken in partnership with the Bankers’ Committee, Cardoso highlighted its potential…

The Securities and Exchange Commission (SEC) has warned the public that activities of Promiseland Estates Limited and Promiseland Building & Construction Limited which hold themselves out as Investment Advisers/Fund Managers in the Nigerian Capital Market and promote an illegal investment scheme called “PRO-VEST”. The Commission, however, stated that  Promiseland Estates Limited and Promiseland Building & Construction Limited are not registered…