Business

The Federal Competition and Consumer Protection Commission (FCCPC) has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors. The inquisitions, which will begin on December 3rd, 4th, and 5th respectively, are intended to address issues of poor service delivery, exploitative practices, and potential consumer rights violations. In the banking sector, the…

Poised to consolidate the gains made in the facilitation of exports, the Management of Nigerian Ports Authority (NPA) has assured of providing the technical guidance and allied support necessary for operationalization of Burutu Port in Delta State. The Managing Director/CEO of NPA, Dr. Abubakar  Dantsoho gave the assurances when he received the Chairman and Executives of Akewa Colmar Terminal Limited…

The NNPC Ltd.’s new Executive Vice President, Upstream (EVP), Mr. Udobong Ntia, has called on upstream stakeholders in the nation’s oil and gas industry to strengthen corporate governance, transparency, and efficiency in their operations. Ntia, spoke during an Upstream Governance, Risk and Compliance Workshop themed “Enhancing Governance, Risk and Compliance in Nigeria’s Upstream Sector” held in Lagos recently. Chief Corporate…

Nigeria has reaffirmed its leadership in African aviation with the re-election of Ms. Adefunke Adeyemi as Secretary General of the African Civil Aviation Commission (AFCAC). Her victory was confirmed during the 35th Ordinary Plenary Session held in Brazzaville, Congo, where she garnered 22 votes against seven, solidifying the confidence of AFCAC member states in her visionary leadership. The Honourable Minister…

MTN Nigeria’s CEO, Mr Karl Toriola, was among the distinguished indigenes of Osun State honoured with state merit awards on Monday, commemorating the second anniversary of Governor Ademola Adeleke’s administration. Toriola’s award, presented by the Deputy Governor of Osun State, Hon. Prince Kola Adewusi, was accepted on his behalf by Mr Babalola Oyeleye, Chief Strategy and Innovation Officer, MTN Nigeria…

The Managing Director Nigerian Ports Authority (NPA) Dr. Abubakar Dantsoho on Wednesday undertook an operational tour of the Lagos Ports of Apapa and TinCan Island Port Complexes. Speaking during the visit Dantsoho said “I would like to implore all terminal operators to take advantage of the investor-friendliness of His Excellency President Bola Tinubu and put in more investment. Given Nigeria’s…

Former President, Chief Olusegun Obasanjo, has reiterated Nigeria’s vast potential and resources, emphasizing the country’s ability to become a global leader. Speaking at the ongoing Ecobank Design and Build Expo at the Ecobank Pan African Centre (EPAC) in Lagos, Obasanjo praised Ecobank for organizing the event, which highlights the architecture, building,  construction and design sectors. During his visit, Chief Obasanjo…

The Securities and Exchange Commission (SEC) has warned the public not to transact any business with Marino FC Limited as the company is not registered by the Commission operate in any capacity in the capital market in Nigeria. This was contained in a notice by the SEC in Abuja Wednesday. According to the Commission, “We hereby notify the public that…

The Ogun State Chamber of Commerce, Industry, Mines, and Agriculture (OGUNCCIMA) has praised the monumental contributions of Dangote Refinery to Nigeria’s economy and its role in revitalizing the private sector.  This flagship industrial project has not only reshaped the country’s energy landscape but has also created opportunities for private enterprises and driven sustainable economic growth. Speaking on behalf of OGUNCCIMA,…

The Central Bank of Nigeria (CBN) on Tuesday pegged the minimum foreign exchange trade on the Electronic Foreign Exchange Matching System (EFEMS) platform at $100,000,   with an incremental clip sizes of $50,000, directing banks to deploy and go live in the use of the Bloomberg BMatch as the EFEMS   for trading activities in the forex market effective December 2nd, 2024.…