Business

Concerned experts in the petroleum industry have raised concerns over the irregularity in the recent reconstitution of the Nigerian National Petroleum Company Limited (NNPC Ltd) Board, citing non-compliance with the Petroleum Industry Act (PIA) 2021. In a formal statement signed by Mr Abolade Adewale released over the weekend, the experts called for the reversal of the appointment of Aminu Said…

Nnamdi Azikiwe International Airport, Abuja, on Sunday, April 6, 2025, received the inaugural direct flight from Algiers, operated by Air Algérie, according to a post by the Federal Airports Authority of Nigeria (FAAN) on their official Facebook page. The Air Algérie Boeing 737 aircraft, with registration number 7T-VJR, landed at 16:05hrs, carrying dignitaries from the Nigerian Embassy in Algiers and…

The shareholders of the Nigerian National Petroleum Company Limited (NNPCL) on Friday approved the names and portfolios of the new management team of the company that would be submitted to the Corporate Affairs Commission. The move is in line with the provisions of the Petroleum Industry Act. The submission of the names of the new NNPC management was done through…

…as Ibese plant concludes 2024 youth empowerment programme The implementation of the Community Development Agreement with host communities by the management of Dangote Cement, Ibese Plant, came under applause at the weekend as host communities as well as the Federal Ministry of Solid Mineral Development praised the management for diligent execution of the agreement for the benefit of the rural…

The banking sector regulating body, Central Bank of Nigeria (CBN) in 2024 imposed N15.43 billion sanction on Zenith Bank Plc in 2024 financial year. Zenith bank fails to comply in 10 banking rules, forcing the CBN to impose the sanctions in 2024. A document sighted by WESTERN POST revealed that Zenith Bank was sanctioned N14.65billion infractions from the foreign exchange…

The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has said that the Investments and Securities Act 2025 is a game changer that has the strong potential for stimulating growth for the Nigerian capital market and the economy. Agama who stated this during an interview in Abuja on some of the highlights of the ISA 2025, said the…

The domestic equities market on Thursday sustained negative trend, as price decline in PZ Cussons Nigeria Plc and 31 others dragged the overall capitalization lower by N11 billion. The Nigerian Exchange Limited All-Share Index ( NGX ASI) shed 9.27 basis points or 0.01 per cent to close at 105,525.26basis  points. Also, market capitalisation dipped by N11 billion to close at…

The Nigerian Civil Aviation Authority (NCAA) has issued a stern warning to international airlines regarding the increasing number of Nigerians being deported after being airlifted halfway to their destinations. In a statement released on Thursday, by Michael Achimugu, the Director of Consumer Protection and Public Affairs, the NCAA decried the refusal of entry or denial of boarding at intermediate transit…

The Chief Executive Officer of the Nigeria Data Protection Commission (NDPC), Dr. Vincent Olatunji, has emerged as the Chair of the Anglophone Countries Committee of the Network of African Data Protection Authorities (NADPA). This appointment was confirmed at the Committee’s meeting on Wednesday. The Committee serves as a multilateral platform for promoting data privacy and protection among its members. While…

The Managing Director and CEO of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has highlighted the crucial role of the South-East Development Commission (SEDC) in the Federal Government’s vision to rehabilitate, expand and optimize the country’s railway infrastructure. Speaking during a working visit by the leadership of the SEDC to the NRC Headquarters in Lagos, Opeifa observed that the visit…