Business

A report by Atmos has named Switzerland as the safest foreign country for investments, with its highest Gross Domestic Product (GDP) per capita and one of the highest levels of economic and political stability. Switzerland leads the ranking as the lowest risk country to invest in, with a score of 100. It features exceptional economic fundamentals and the highest GDP…

Nigerian Exchange Group Plc (NGX Group) on Monday hosted the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, , for a strategic engagement aimed at leveraging the capital markets to accelerate Nigeria’s economic growth by President Bola Tinubu. The visit concluded with a ceremonial Closing Gong, symbolizing a strengthened partnership between the government and private sector to drive industrial…

The Securities and Exchange Commission (SEC) has urged cooperation among African markets in a bid to build a stronger interconnection within the continent and enhance development of new products. Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama made the call during a visit of the Board of the SEC to the Autorite Marocaine Du Marche Des Capitaux…

The Governor,  Central Bank of Nigeria (CBN), Olayemi Cardoso stated that foreign exchange reforms, among others by the apex bank have significantly bolstered investor confidence in Nigeria’s market fundamentals, stressing that step taken over 18 months have strengthened the country’s monetary buffers and positioned Nigeria to better withstand external shocks.  Speaking to the Nigerian press  at the conclusion of the…

The Federal Government has announced that Akanu Ibiam International Airport in Enugu, Enugu State, will reopen for flight operations on Monday, April 28, 2025, following the completion of emergency runway repairs. In a statement signed on Saturday by Mrs. Obiageli Orah, Director of Public Affairs and Consumer Protection, the Federal Airports Authority of Nigeria (FAAN) confirmed that the rehabilitation work…

Meta has announced plans to appeal the decision by the Competition and Consumer Protection Tribunal (CCPT) to uphold a $220 million fine imposed by the Federal Competition and Consumer Protection Commission (FCCPC), over its data practices. The penalty stems from a 38-month investigation conducted between 2021 and December 2023 by the FCCPC, in collaboration with the Nigeria Data Protection Commission…

By Kunle Sanni Vice President Kashim Shettima on Friday praised the United Bank for Africa (UBA) for its 75 years of consistent innovation, leadership, and resilience, describing the bank as a “pacesetter” and a model for African institutions. Speaking at UBA’s 75th Anniversary Dinner at the Transcorp Hilton Hotel in Abuja, Shettima commended the bank’s journey through decades of challenges…

In a bid to prevent more Nigerians from falling victims to Ponzi schemes, the Securities and Exchange Commission (SEC) on Friday conducted a sensitization campaign at Wuse Market in the heart of Abuja. Led by its Director General, Dr. Emomotimi Agama, the SEC team distributed informational flyers and engaged traders on the risks associated with investing in unregulated schemes. The…

Nigeria’s Competition and Consumer Protection Tribunal on Friday ordered WhatsApp and Meta Platforms Incorporated to pay a $220 million penalty and $35,000 to the Federal Competition and Consumer Protection Commission (FCCPC) within 60 days over data discrimination practices in Nigeria. The tribunal upheld the $220 million penalty imposed by the FCCPC on WhatsApp and Meta Platforms Incorporated, as well as…

By Adeola Ogunrinde Governor Babajide Sanwo-Olu has described Lagos as an investor’s haven, citing its GDP of $259 billion, a population of 25 million, four seaports, and business-friendly government policies. He made this known on Wednesday while speaking as a guest lecturer at Harvard University in Professor Hakeem Belo-Osagie’s course, Understanding Africa: Business, Entrepreneurship, Political Economy and the Complexities of…