Business

By Innocent Raphael Shareholders of United Bank for Africa (UBA) Plc have lauded the bank’s board, management, and staff for their impressive performance in recent years, culminating in a final dividend payout of N78.7 billion for the 2023 financial year. The accolades came during the bank’s 62nd Annual General Meeting held at the Congress Hall of Transcorp Hotels in Abuja…

The Nigerian Exchange Limited (NGX) has delisted the shares of Arbico Plc from its Daily Official List of NGX. This was contained in the Exchange’s Weekly Report. The delisting follows the NGX’s approval of the Company’s application to delist its entire issued share capital. “We refer to our market bulletin of 17 May 2024 with reference Number: NGXREG/IRD/MB26/24/05/17 wherein the…

NASCON Allied Industries Plc has assured its shareholders of continuous growth and value creation in 2024. The Company gave the assurance at its 2023 Annual General Meeting (AGM) held in Lagos recently. Speaking to shareholders, the Chairperson of NASCON, Yemisi Ayeni said “amidst the challenges in 2023, the Company achieved commendable operational performance. Our strategic initiatives and proactive measures enabled…

No fewer than 200 officials of the Central Bank of Nigeria (CBN) were on Friday relieved of their duties as the governor of apex banking regulating body, Mr Olayemi Cardoso continued its transformation agenda. This is an addition to the long list of ongoing disengagements in the apex bank. This adds to the list of 117 staff sacked by the…

By Innocent Raphael The Society of Licensed Aircraft Maintenance Engineers of Nigeria (SLAMEN) has advocated for enhanced aviation infrastructure and job opportunities. SLAMEN made the call on Friday while celebrating the International Aircraft Engineers Day with the global aviation community. Speaking during the event, SLAMEN’s President, Engr Mubarak Haladu, highlighted the crucial role Aircraft Maintenance Engineers (AMEs) play in ensuring…

…assure of speedy resolution… By Innocent Raphael The Nigeria Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) have said they are working to resolve the disruption of Turkish Airlines’ operations at Murtala Muhammed International Airport, Lagos. The disruption, caused by a picketing action by some members of the Nigeria Labour Congress (NLC) on Tuesday, has prompted…

By Innocent Raphael The Minister of Aviation and Aerospace Development, Festus Keyamo, on Wednesday, said issues concerning violations of safety rules by AirPeace have been resolved. It would be recalled that few days ago, AirPeace was alleged of safety violations by United Kingdom Civil Aviation Authority. Keyamo reassured that the Nigerian flag carrier, AirPeace, enjoys full governmental support on its…

Kunle Sanni The Nigerian Communications Commission (NCC) said it is conducting a public inquiry into three regulatory instruments to demonstrate its commitment to transparency and inclusivity. The Executive Vice Chairman of the Commission, Aminu Maida, stated this on Tuesday at the ongoing two-day public inquiry on three regulatory instruments in Abuja. He explained that the planned review of the guidelines…

Africa’s richest man, Alhaji Aliko Dangote, has lamented the obstacles he faces as an investor due to visa requirements across the continent. Dangote, who holds a Nigerian passport, stated that he needs 35 different visas to travel within Africa, which he described as a significant challenge. The 67-year-old business mogul highlighted this issue while speaking at the Africa CEO Forum…

The Ikeja Electric Distribution Company (IKEDC) has implemented a reduction in electricity tariffs for its Band A customers. The new rates decreased from N225/kWh to N206.80/kWh, as sanctioned by the Nigeria Electricity Regulatory Commission (NERC). The company’s management had released a circular prior to the implementation date, confirming the revised rates and assuring Band A customers of a consistent electricity…