Business

A report by Global System for Mobile Communications Association (GSMA) has revealed that despite having access to 4G coverage, 60per cent of Nigerians do not use mobile internet. Sub-Saharan Africa Head of GSMA, Angela Wamola addressed these concerns during an interactive webinar session organized by GSMA over the weekend. She highlighted the disconnect between the availability of 4G coverage and…

In recognition of the critical role financial inclusion plays in national development, the Securities and Exchange Commission (SEC) has reaffirmed its commitment to ensuring that women—whether traders, entrepreneurs, professionals, or investors—have equitable access to financial services, investment opportunities, and the necessary tools to build sustainable wealth. Speaking at the She’s Included Gender Inclusion Conference and Summit 2025, themed “Breaking Barriers,…

The Nigerian Exchange Limited (NGX) has announced the securities of Tourist Company of Nigeria Plc and Union Homes Savings and Loans Plc have been delisted from the bourse. The bourse said in its weekly report that the firms were delisted “on the grounds that they are operating below the listing standards of NGX, and their securities are no longer considered…

The Minister of State for Industry, Senator John Enoh recently joined the management of Coca-Cola Hellenic Global for the commissioning of the Nigerian Bottling Company (NBC) packaging waste collection hub in Lagos State. The Minister on X said, “The establishment of this hub by The Coca-Cola System—comprising Coca-Cola Nigeria and its bottling partner, the NBC—is a milestone in our national…

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly called petrol, from N950 to N890, effective from Saturday. According to reports, this price change is a reaction to both a notable drop in the price of crude oil globally and positive developments in the global energy sector. According to Dangote Refinery, its…

With the increasing customers deposit, FBN Holdings Plc and four other banks generated N74billion from maintaining customers’ accounts in 2024. This is about 59 per cent increase when compared to N46.61billion generated by these five banks in 2023.  The other banks are: FCMB Group Plc, Wema Bank Plc, Stanbic IBTC Holdings Plc and Sterling Financial Holdings Company Plc. From banks…

Access Holdings Plc has announced the appointment of Mr. Uche Orji as an Independent Non-Executive Director of  its flagship subsidiary, Access Bank Plc effective from January 7, 2025, following the approval of the Central Bank of Nigeria (CBN).  This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board. Commenting on the appointment, the…

The Oyo State Governor, Engr Seyi Makinde and management of O’dua Investment recently inspected the ongoing remodeling of the iconic Premier Hotel in Ibadan. The Governor who was represented by his Chief of Staff, Segun Ogunwuyi alongside Otunba Bimbo Ashiru, Chairman of Odu’a Investment Company Limited were among the top delegate that visited the hotel. Ogunwuyi in a tweet said…

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has disclosed that its members are now loading petroleum products from the Port Harcourt and Warri refineries, stating that the prices of these products may soon drop amid its availability in the market. PETROAN said this is contrary to previous doubts that the refineries owned by the Nigerian National Petroleum…

Access Holdings Plc on the Nigerian Exchange Limited (NGX) stated its awaits Central Bank of Nigeria (CBN) approval for its audited consolidated & separate financial statements for the year ended December 31, 2024 and dividend payout to shareholders. Company Secretary, Access Holdings, Sunday Ekwochi in a statement said “This is to notify the investing public and Nigerian Exchange Limited  that…