Business

Nigerian Exchange Group Plc (NGX Group) has announced an interim dividend of N1.30 per ordinary share for the six months ended June 30, 2026, following a record first-half financial performance. The dividend reflects the quality of the Group’s earnings, improved cash generation and the Board’s confidence in the sustainability of NGX Group’s growth trajectory. It also preserves capacity for continued…

Abuja Electricity Distribution Plc (AEDC) has announced the promotion of 547 employees and the approval of 579 Step Increments following the successful conclusion of its 2025 Performance Appraisal Exercise, reaffirming the Company’s unwavering commitment to recognising excellence, rewarding performance and building one of Africa’s most admired workplaces. The milestone reflects AEDC’s deliberate investment in its people as the Company accelerates…

In a strategic move to bridge the gender digital divide, the National Information Technology Development Agency (NITDA) has partnered with the Nigeria Association of Women Journalists (NAWOJ) to advance women’s digital inclusion and support Nigeria’s digital transformation agenda. The partnership was strengthened during a courtesy visit by a NAWOJ delegation, led by its National President, Comrade Aishatu Ibrahim, to the…

The Chief Executive Officer and Accountable Manager of Enugu Air, Captain Tolu Ita, has attributed Thursday’s runway excursion involving one of the airline’s aircraft at Benin Airport to hydroplaning during landing, stressing that the incident was neither a crash nor an emergency landing. In a viral clip on Friday, Captain Ita said the aircraft, operating a scheduled flight from Lagos…

The Lagos State Employment Trust Fund (LSETF), in partnership with Alimosho Local Government, has presented loan cheques to qualified entrepreneurs under its Micro, Small and Medium Enterprises (MSME) financing programme, reaffirming its commitment to expanding access to affordable finance, promoting entrepreneurship, and driving economic growth across Lagos State. The cheque presentation ceremony, held at the Alimosho Local Government Secretariat, brought…

The Dangote Petroleum Refinery has confirmed the successful completion of a $2.5 billion private placement, marking one of the largest corporate fundraising transactions by an African company. The company announced the development on Thursday, describing the transaction as a significant milestone in its long-term growth strategy and efforts to strengthen its capital base. The private placement, according to the company,…

The Nigeria Civil Aviation Authority (NCAA) has threatened to suspend the operations of Royal Air Maroc (RAM) in Nigeria over what it described as persistent consumer protection violations and poor treatment of Nigerian passengers. The warning was issued on Thursday by the NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, who accused the Moroccan airline of repeatedly breaching…

The Nigerian equities market rebounded strongly, reversing the previous session’s decline as renewed buying interest in banking heavyweights lifted the overall capitalization by N1.56 trillion. The All-Share Index (ASI) gained 2,413.03 points, representing an increase of 0.98 per cent to close at 247,831.40 points. Also, market capitalisation rose by N1.56 trillion to close at N 159.894 trillion. Notable buy pressure…

…pushes stronger protection for government systems The National Information Technology Development Agency (NITDA) has called on Ministries, Departments and Agencies (MDAs) to adopt a coordinated and proactive approach to safeguarding government digital infrastructure against the growing threat of cyberattacks. The appeal was made at the opening of a two-day Cybersecurity Workshop for MDAs, themed “Securing Government Digital Infrastructure through Capacity…

The Chairman of First HoldCo Plc, Femi Otedola acquired 706.13 million ordinary shares worth approximately N77.6 billion in a single transaction on the Nigerian Exchange Limited (NGX). The latest purchase further strengthens Otedola’s position in one of the Exchange’s strongest-performing banking stocks this year, with his combined shareholding now rising to 9,277,792,037 shares, representing 21.95per cent of the company. A…