Business

Nigerian Exchange Group (NGX Group) has restated its commitment to harnessing the power of fintech and collaborating with all relevant stakeholders to contribute significantly to driving the sustainable development of the Country and closing the financial inclusion gap. The Group Chairman, NGX Group, Alhaji (Dr) Umaru Kwairanga stated this at the Nigeria Fintech & Financial Inclusion Roundtable 2024 held on…

Strategies adopted by Dangote Cement Plc to increase sales and ensure an adequate supply of products to customers are yielding the desired results as domestic sales volume increased, by 26.1 per cent to 4.6Mt in the first quarter of 2024. According to the cement manufacturers’ unaudited results for the three months that ended, on April 30, 2024, the Nigerian operations…

By Innocent Raphael In a move to ensure the safety of passengers and uphold industry standards, the Federal Government has directed the Nigerian Civil Aviation Authority (NCAA) to conduct a thorough audit of all local airlines in the country. This decision comes in the wake of the suspension of Dana Airlines following a runway incident at Lagos airport. Minister of…

By Innocent Raphael The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially addressed the ongoing concerns regarding the scarcity of Premium Motor Spirit (PMS) in certain regions of the country. In a statement via its X handle on Thursday, signed by its Chief Corporate Communications Officer, Olufemi Soneye, NNPCL disclosed that the current tightness in fuel supply was due…

Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission (NCC) to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of the operators to post losses last year. The telcos’ proposal to raise their tariff came barely 24 hours after MultiChoice,…

By Innocent Raphael In an announcement made by Minister of Aviation and Aerospace Development, Festus Keyamo, Air Peace, the Nigerian airline operator, is gearing up to initiate its Abuja-London route in the near future. The news was unveiled during Keyamo’s appearance on Channels Television’s Politics Today programme on Thursday. Having already launched its Lagos-Gatwick flights, Air Peace has garnered praise…

By Innocent Raphael The Aviation Safety Round Table Initiative (ASRTI), also known as the Aviation Round Table (ART), has expressed disappointment over suspension of Dana Airline by the Federal Ministry of Aviation and Aerospace Development. ASRTI made the disclosure in a recent statement signed by the general secretary of the organization, Olumide Ohunayo. According to ASRTI, the move was contrary…

The Nigeria Deposit Insurance Corporation (NDIC) has a culture of zero tolerance for corruption, which is further strengthened by its core values of Teamwork, Respect and Fairness, Integrity, Professionalism, and Passion”. This formed part of the remarks of the MD/CE, NDIC Mr. Bello Hassan which was read by the NDIC Executive Director, Operations Mr. Mustapha Ibrahim who represented the MD…

Dana Air’s management announced that it has started the process of refunding affected flights throughout the course of the following month. The Federal Government’s suspension of the airline is the reason for the reimbursement. After one of its planes, carrying 83 passengers and 6 crew members, went off the runway while from Abuja to Lagos, the Federal Government ceased operations.…

…Subsidiaries hit Ogun trade fair Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair. This is just as companies under the leading African Indigenous Conglomerate, Dangote Industries Limited, hit the trade fair with their various products as part of strategies to increase market share…