Business

A three years and eight months delay by Ogun State government over Olokola land for petrochemicals facility costs President Dangote Group, Aliko Dangote $500 million. The Billionaire businessman, who revealed this on a media tour during the weekend, attributed the financial setback to the protracted process of acquiring Olokola land for a petrochemical facility cost him $500 million on the…

The Federal Government of Nigeria has initiated discussions with the Spanish Government to reinstate direct flights between Nigeria and Spain and revive the Bilateral Air Services Agreement (BASA) between the two nations. The announcement was made by the Minister of Aviation and Aerospace Development, Festus Keyamo, on his official X account on Sunday. Keyamo revealed that he met with Spain’s…

Kwara State has taken a significant step toward economic development by investing in the compilation of its Gross Domestic Product (GDP) from 2013 to 2022, aligning itself with other structured states in Nigeria. This initiative, according to the National Bureau of Statistics (NBS), highlights the state’s commitment to data-driven planning and policy-making. During a courtesy visit to Government House, Ilorin,…

A high-powered Nigerian delegation is currently in Spain for critical discussions on advancing the nation’s airspace capabilities. The delegation is led by the Minister of Defence, H.E Mohammed Badaru Abubakar, and the Minister of Aviation and Aerospace Development, Festus Keyamo. The Ministry of Defence disclosed this in a press statement on Saturday, signed by Director of Information and Public Relations,…

The Tinubu Media Volunteers (TMV) has described the new measures taken by President Bola Ahmed Tinubu to drive down inflation of food prices as radical and proactive adding that they will soon bear fruits. In a statement signed by its Chairman Chukwudi Enekwechi and Secretary Sunday Shedrach Gyungoun, the group argued that the new measures will stem the tide of…

Access Bank Plc has shared insights about ambitious plans to position its UK subsidiary, Access Bank UK, among the top 20 banks in the United Kingdom, targeting an annual profit of $1 billion by 2027. This was disclosed by the Managing Director/Chief Executive Officer of Access Bank, Roosevelt Ogbonna during the “Facts Behind the Rights Issue” presentation held at the…

 The Central Bank of Nigeria (CBN) has sold about $122.67million to 46 authorised dealers, in its determination to promote stability and reduce market volatility in the foreign exchange market. A statement signed by the Bank’s Director in charge of Financial Markets, Dr. Omolara Duke, disclosed that of the total sale, $67,500million was sold to 27 dealers, while the sum of…

…Access, FCMB, Fidelity now utilizing NGX invest APIs Nigerian Exchange Group (NGX Group) has unveiled NGX Invest, a groundbreaking digital platform designed to streamline Public Offerings and Rights Issues in the Nigerian capital market. The platform, which has received approval from the Securities and Exchange Commission (SEC), is now live, promising an efficient, convenient, and seamless experience for managing primary…

Stakeholders in the telecommunications industry have expressed concerns over the Federal Government’s ambitious plan to deploy 90,000 kilometers of fibre optic cables across Nigeria. During the Sixth Edition of the Policy Implementation Assisted Forum (PIAFO) in Lagos on Wednesday, the industry experts highlighted the pressing issues of Right of Way (RoW) charges, multiple taxation, and levies, which fall under the…

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, on Thursday expressed that continuous investor’s  education are part of the most important component of financial literacy in a bid to further developed the Nigeria’s capital market. He stated this during a meeting with the management of the Investments and Securities Tribunal (IST)  in Abuja. According to…