Business

Minister of Aviation and Aerospace Development, Festus Keyamo has expressed that President Bola Tinubu will give workers demand due consideration with the goal of finding a lasting solution that balances both the fiscal needs of the government and the operational requirements of the Aviation Agencies. The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) had threatened to embark on…

The Securities and Exchange Commission (SEC) has said that it is setting up a special unit and developing a mobile application to address the pressing issue of unclaimed dividends in Nigeria’s capital market, which stood at a N215 billion as of March 2024. The Director General of the SEC, Emomotimi Agama revealed this during the post-Capital Market Committee (CMC) press…

The Director General, Securities and Exchange Commission (SEC), Dr. Dr Emomotimi Agama has revealed that total unclaimed dividend in Nigerian’s capital market increased to N215 billion as of March 2024, stressing on the Commission is collaborating with stakeholders to reduce the volume of unclaimed dividends in Nigeria. Agama, speaking post-Capital Market Committee (CMC) meeting in Lagos on Thursday expressed the…

Dangote Cement Plc has launched a novel Internship Scheme for students of tertiary institutions in the country that will see the students undergoing a one-year internship fully funded by the leading cement company. The scheme, according to the Dangote Cement Lagos Regional Sales Director, Mr. Tunde Mabogunje during the induction of pioneer students of Yaba College of Technology, Lagos, has…

The Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, today convened an interactive meeting with key stakeholders, including Heads of Security Agencies and Handling Companies, at the airport. During her opening remarks, Mrs. Kuku emphasized the importance of collaboration among all agencies operating at the airport to improve service delivery. She highlighted…

…Urge FG to save industry from financial collapse A coalition of aviation unions, including the National Union of Air Transport Employees (NUATE), the Association of Nigeria Aviation Professionals (ANAP), the National Association of Aircraft Pilots and Engineers (NAAPE), the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCTRE), and the Air Transport Services Senior Staff Association…

The local equities market on Wednesday maintained the losing streak for the third consecutive day trading, dropping by 0.20 per cent following losses in Oando Plc and 24 others. The Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 190.41 per cent, representing a loss of 0.20 per cent, to close at 97,199.60 points. Similarly, the overall market capitalisation value…

The Central Bank of Nigeria (CBN) has disclosed that the Composite Purchasing Manager’s Index (PMI) stood at 49.7 points in July 2024, indicating contraction in economic activities for the 13th consecutive month. CBN in its PMI survey report had reported 48.8 points in June 2024 According to the report, output Level, suppliers’ delivery time and stock of inventory expanded. New…

United Capital Group has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million (approximately $1.4 million). This historic milestone signifies a transformative moment for Sierra Leone’s capital market. Acting as the Financial Adviser, United Capital through its investment banking business, provided bespoke structuring, financial advisory, and fundraising services to the Issuer, LAPO SL.…

With the President Bola Tinubu reforms in the oil & gas sector that drive activiitiies,, Seplat Energy Plc, Conoil Plklc, and two others petroelium marketing companied listed on the Nigerian Exchange Limited (NGX) reported N1.18 trillion revenue in half year ended June 2024, about 115per cent increase from N547.74 billion reported in half year ended June 30, 2023. The other…