Business

A proposal to review the sharing formula for Nigeria’s statutory five per cent Ticket Sales Charge (TSC) has reportedly sparked a fresh dispute among aviation agencies and labour unions, with concerns over its potential impact on aviation safety and regulatory oversight. According to a report by DailyTrust, the controversy centres on a move to increase the share of the levy…

Nigerian equities have emerged as the best-performing stock market globally in dollar terms this year, overtaking South Korea. The development was driven by weakened investor sentiment towards artificial intelligence-linked stocks and drags the Asian market into bear territory. According to data compiled by Bloomberg across 92 global stock exchanges, Nigeria’s benchmark stock index has returned 67per cent in dollar terms…

The Central Bank of Nigeria (CBN) allotted N1.06 trillion at its Wednesday, July 8, 2026 Treasury bills primary market auction, raising the stop rate on the one-year bill sharply to 17.70per cent compared with the June 17 auction stop rate of 17.34per cent while keeping the mid-tenor rate unchanged. The auction result seen by Nairametrics shows total subscriptions of about…

…introduces the money explorers book to inspire a culture of saving UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa(UBA) Group, has strengthened its commitment to financial education by partnering with Slum2School Africa to deliver a hands-on financial literacy workshop for underserved children, equipping them with essential money management skills from an early age. At the…

The Nigerian Communications Commission (NCC) has called on Nigerian students to take an active role in protecting telecommunications infrastructure, describing it as a critical national asset that supports education, innovation, economic growth and digital connectivity. The Executive Vice Chairman and Chief Executive Officer of the NCC, Aminu Maida, made the appeal during a courtesy visit by the newly elected leadership of…

The Federal Competition and Consumer Protection Commission (FCCPC) is set to probe major global technology companies and generative AI platforms operating in Nigeria over alleged anti-competitive practices, unlawful use of news content, and other unfair market conduct. In a statement on Monday, FCCPC Director of Corporate Affairs, Ondaje Ijagwu, said the probe followed a directive from President Bola Ahmed Tinubu…

The Central Bank of Nigeria (CBN) and Nigerian Exchange Group Plc have imposed a total of N530.9 million sanctions on Jaiz Bank Plc for failing to comply with nine banking sector and stock market rules and regulations.  The imposed sanctions in 2025 is 1.76 per cent of the N30.16 billion of profit after tax reported in the 2025 full financial…

The Supreme Court has nullified the judgment of the Court of Appeal that authorised the seizure of an oil vessel and its crude oil cargo belonging to General Hydrocarbons Limited (GHL) over an alleged breach of contract involving First Bank of Nigeria. In a unanimous decision delivered by a five-member panel, the apex court ordered that the vessel and the…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has said the next phase of growth in Nigeria’s banking sector will be driven less by capital accumulation and more by the ability of financial institutions to build digital trust through artificial intelligence (AI), regulatory technology (RegTech) and cyber resilience. Speaking during a panel session titled “The Efficiency…

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has partnered with nine Nigerian banks to establish a $3 billion contract finance facility aimed at improving access to funding for indigenous oil and gas contractors executing projects for the company. The financing initiative, unveiled on Thursday, will provide eligible local contractors with access to credit in both naira and United States…