Business

Workers of the Nigerian Meteorological Agency (NiMET) have called off their strike after the Federal Government’s intervention.  The workers had protested over poor working conditions, grounding flights across the country on Thursday. But after a meeting with the Minister of Aviation and Aerospace Development, Festus Keyamo, in Abuja, the strike was called off. The workers were concerned over the non-implementation…

The equities market on Thursday sustained its bullish trend, as investors investment advanced by N508 billion. The All Share Index (ASI) gained by 790.59 basis points or 0.75 per cent to close at 106,074.26 basis points.  Also, market capitalisation gained N508 billion or 0.77 per cent to close at N66.667 trillion, largely attributed to the listing of two billion units…

The EVC/CEO of Nigerian Communications Commission (NCC), Dr Aminu Maida, on Wednesday received National Emergency Management Agency (NEMA), DG, Zubaida Umar, at the Commission’s Head Office in Abuja. Both teams discussed collaboration to enhance emergency communications & develop a National Emergency Telecoms Response Plan to boost early warning systems.

The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies. In a statement confirming his acceptance, the African industrialist reaffirmed his commitment to fostering sustainable economic growth through private sector-led…

The Securities and Exchange Commission (SEC) has urged Nigerians to report any suspected illegal investments scheme to the commission for proper investigation and necessary action. The Commission said this in a notice issued on Thursday to the investing public warning that ponzi investment schemes posed great danger to the growth of the capital market. In its latest advisory, the Commission…

The World Bank Group has expanded its Private Sector Investment Lab, enlisting prominent business leaders including Aliko Dangote and Sunil Bharti Mittal to drive investments that boost job creation in developing countries. World Bank President Ajay Banga said the initiative is transitioning from ideation to implementation, focusing on attracting private capital into sectors such as infrastructure and healthcare, which are…

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the Federal Government is concluding plans to concession 4000 kilometres of Federal road network across the country. Edun made this known on Wednesday in Washington on the sidelines of the ongoing Spring Meetings of the World Bank and International Monetary Fund. The Minister spoke alongside Central…

The Minister of Aviation and Aerospace Development, Festus Keyamo, alongside the Executive Governor of Niger State, Dr. Mohammed Umar Bago, on Tuesday, April 23, 2025, attended the inaugural flight ceremony of Overland Airways into the Bola Ahmed Tinubu International Airport, Minna. The event marked the commencement of scheduled commercial flights to the newly upgraded airport, aimed at improving regional air…

The Group CEO of Nigerian National Petroleum Company Limited (NNPCL), Mr. Bashir Ojulari on Tuesday met a delegation from ENI who paid a courtesy visit to him in Abuja office.   L-R: ENI’s Head of Sub-Saharan African Region, Mario Bello; Company Secretary/Chief Legal Officer, NNPC Ltd., Adesua Dozie; Group COO, NNPC Ltd., Roland Ewubare; GCEO, NNPC Ltd., Bashir Bayo Ojulari; ENI…

Opening the trading week, Nigerian equities on Tuesday closed positive as the overall capitalization gained N318 billion on investors demand for Nigerian Breweries, and 41 others. The Nigerian Exchange Limited All-Share Index (NGX ASI) gained 505.80 points or 0.49 per cent to close at 104,739.61 points. Also, market capitalisation rose by N318 billion to close at N65.817 trillion. The upturn…