Business

Total Energies, 11 Plc, AA Rano, and other marketers have begun lifting Dangote Petrol through Nigerian National Company (NNPC) Trading Limited for N765.99 to retail outlets nationwide. According to a report by BusinessDay, some petroleum marketers who were able to complete their payment process on the NNPC trading payment portal commenced the lifting of petrol earlier this week under the…

…Tinubu reaffirms commitment to business-friendly economy KUNLE SANNI The Coca-Cola company has announced plans to invest $1 billion in Nigeria for the next five years, the Presidency said. A statement issued on Thursday by Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu, said the announcement was made at a meeting between the President and the…

The Securities and Exchange Commission (SEC) has emphasized that it is willing to encourage State Owned Enterprises to list in the capital market in line with the Renewed Hope Agenda of President Bola Tinubu. Disclosing this in an interview in Abuja Thursday, Director General of the SEC, Dr. Emomotimi Agama said that when such companies list their securities it would…

The leadership of one of Nigeria’s foremost and most innovative companies, Sterling Financial Holdings Company PLC, has announced the appointment of two new members to the vastly experienced board of directors of the group and subsidiary, Sterling Bank Limited. The appointments were detailed in a notification to the Nigerian Exchange (NGX). According to the notification signed by the Company Secretary…

Oyo State Governor, Seyi Makinde, has announced that his administration will complete the upgrade of the Ibadan Airport, now renamed Samuel Ladoke Akintola Airport, to international standards within the next 12 months. Speaking at the groundbreaking ceremony for the airport upgrade yesterday, Makinde revealed that the first phase of the project has been awarded to Craneburg at a cost of…

Nigerian equities on Wednesday delivered a positive performance and extended gains from the previous session as the overall capitalization rose by N314 billion, driven by a rally in Geregu Power Plc and 26 others. The Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 545.28 basis points or 0.56 per cent to close at 98,230.92 basis points. Also, market capitalisation…

The Central Bank of Nigeria (CBN) has constituted a full Board of Directors for Polaris Bank, Nigeria’s leading digital commercial retail Bank in a major transition that signals the remarkable achievements of the new management and the future of the Bank. The 10-man board is headed by Dr. Kassim Gidado as Board Chairman. Other Non-Executive Directors include: Dr. Akwa Effiong…

Aviation workers in Nigeria have suspended their planned protest slated for September 18, 2024, over 50% deductions of the revenue of aviation agencies. A statement issued by Olayinka Abioye, the General Secretary of the National Association of Aircraft Pilots and Engineers (NAAPE), said the workers discontinued the planned protest. “Subsequent upon information available to us about an ongoing discussion by…

The Nigerian Electricity Regulatory Commission (NERC) has officially approved the transfer of regulatory oversight of the electricity market in Kogi to the Kogi State Electricity Regulatory Commission (KSERC). This development followed the compliance of the state government with the stipulations outlined in the amended Constitution of the Federal Republic of Nigeria and the Electricity Act 2023 (Amended). In a statement…

Nigeria is strategically positioned to become Africa’s leading air transportation hub, according to Festus Keyamo, Minister of Aviation and Aerospace Development. Speaking at the International Route Development Conference, Network Cargo 2024, held in Moscow, Russia, Keyamo emphasized the country’s unique geographical advantage and its vast untapped aviation potential. The conference, which gathered transport ministers and industry leaders from across the…