Business

By Olaolu Joseph The Organizing Committee of the Gateway Games 2024 National Sports Festival has officially unveiled Premium Trust Bank as the lead sponsor of the highly anticipated sports event. This partnership marks the largest single sponsorship agreement for the National Sports Festival. In a grand unveiling ceremony held in Ogun State capital of Abeokuta, the partnership highlights the significance…

The Senate has proposed a N10 billion special fund for investor education in the capital market as part of the 2025 budget. According to the Senate, the initiative aims to raise awareness among Nigerians and attract more investors to the market. Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, made this statement during the Securities and Exchange…

Nigeria and the United Arab Emirates (UAE) have strengthened their aviation partnership with the signing of an amended Bilateral Air Service Agreement (BASA). The agreement was signed by Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, during the International Civil Aviation Organisation (ICAO) Global Implementation Support Symposium (GISS) 2025 in Abu Dhabi. Keyamo met with UAE’s Minister of Economy,…

The Central Bank of Nigeria (CBN) has announced a major revision to its Automated Teller Machine (ATM) transaction fees, effectively eliminating the three free monthly withdrawals previously granted to customers using other banks’ machines (not-on-us). This directive, outlined in a circular dated February 10, 2025, applies to all banks and financial institutions operating in Nigeria and is set to take…

…As Dangote Subsidiaries storm fair with essential products Ogun State Chamber of Commerce, Industries Mines and Agriculture (OGUNCCIMA) has commended the laudable roles played by the Dangote Industries Limited (DIL) in driving the economic growth and economic sustainability of the State. President of the Chamber, Lion Niyi Oshiyemi gave the commendation in Abeokuta while addressing the press to herald the…

The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot Automobiles Nigeria Limited (DPAN), has taken another bold step towards regaining its leadership position in the auto market. This time, DPAN has commenced the assembly of the GT model of the wave-making Peugeot 3008, which has hit commercial success and won awards with its different…

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has disclosed that the National Policy on Marine and Blue Economy; a policy that leverages on technology and private sector initiatives, is nearing Federal Executive Council approval.  He assured the League of Maritime Editors in Lagos on Monday that Nigeria is to become a premier maritime nation soon, as  efforts are…

…sets agenda for a transformative, vibrant, and globally competitive industrial ecosystem By Adeola Ogunrinde The Lagos State Government has reaffirmed its commitment to fostering a vibrant, resilient, innovative, and globally competitive industrial landscape. Lagos State Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose, stated this at the Lagos State Industrial Policy Consultative Assembly and Validation Workshop, organized by the…

Five airlines sanctioned by the Nigeria Civil Aviation Authority (NCAA) have officially received their sanction letters for various infractions, with further penalties under consideration. The Director for Consumer Protection and Public Affairs at the NCAA, Michael Achimugu, confirmed the development to our correspondent. “Yesterday, the five airlines received their letters of sanctions. The five airlines mentioned in that case have…

Nigerian Economic Summit Group (NESG) in collaboration with Stanbic IBTC have raised concerns that rising inflation, high interest rates, and weakened consumer purchasing power remain key risks, potentially tempering the strength of the recovery of businesses in 2025. The two organizations in reported titled, “Business Confidence Monitor”  expressed  that , “ While businesses anticipate improved performance in the first quarter…