Business

Ecobank Transnational Incorporated (ETI), on Thursday announced its 2024 financial year result and accounts with N980.7 billion profit before tax, about 160 per cent growth over N376.49billion reported in 2023 financial year. The Pan-African financial institution on the Nigeria Exchange Limited (NGX) also disclosed a profit after tax of N735.9 billion in 2024,  up by 179 per cent from N263.52…

The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the Petroleum Industry Act 2021. An IPO is a public offering in which shares of a company are sold to institutionalinvestors. The PIA provides for the NNPC The…

Nigeria’s two largest telecommunications companies, MTN Group and Airtel Africa, have signed a major network-sharing agreement aimed at expanding service coverage and reducing operational costs in Nigeria and Uganda. The deal, announced on Tuesday, aims to accelerate internet penetration, particularly in underserved and rural areas, while optimizing infrastructure investments. MTN and Airtel will share mobile network infrastructure such as towers,…

The Managing Director, Nigerian Railway Corporation (NRC), Dr Kayode Opeifa and his team visited the Moniya Freight Yard in Oyo State to assess its operations. The Corporation in partnership with APM Terminals, has expanded cargo movement from the Apapa Port in Lagos to NRC’s freight yard in Moniya Ibadan.  During the flag-off ceremony of the standard gauge rail in Apapa,…

The management of Nigerian Railway Corporation (NRC) has vowed to prioritise staff welfare and operations, stressing on its commitment to motivate and empower women in the rail sector.  The management of NRC led by its Managing Director, Dr Kayode Opeifa held a brief district meeting with The National Union of Railway Workers, Western District Council, Ibadan.  Opeifa  in a tweet…

The Nigeria Data Protection Commission (NDPC) on Wednesday evaluated its 2024 performance scorecard and actionable steps to advance President Bola Tinubu’s renewed hope agenda.  The National Commissioner/CEO of the NDPC, Dr Vincent Olatunji, led a team from the Commission to a briefing with members of the Ministerial Delivery Task Team, headed by the Permanent Secretary of the Federal Ministry of…

The Central Bank of Nigeria (CBN) on Wednesday revealed that the total credit to the private sector in Nigeria declined to N73.7trillion in February 2025, marking a consecutive monthly drop in lending to businesses and individuals. The latest figures from the apex bank show a downward trend in credit extension, with private sector loans decreasing from N74.92 trillion in January…

The Central Bank of Nigeria (CBN) rounds off the 2025 International Women’s Day (IWD) celebrations in grand style. The Deputy Governor, Corporate Services at the CBN, Emem Usoro at the event said, “Refuse to play into stereotypes! Desist from making excuses because you are a woman. Be bold, be strong, and always seek to make a meaningful impact!”

The Nigeria Civil Aviation Authority (NCAA) has granted Air Algerie, Algeria’s national airline, a Foreign Carrier Operating Permit (FCOP), paving the way for improved air connectivity between Nigeria and Algeria. The permit was presented during a meeting between NCAA Director-General Chris Najomo and Hocine Mezoued, the Algerian ambassador to Nigeria. Discussions focused on strengthening bilateral cooperation in the aviation sector.…

The Federal Government on Tuesday said it has endorsed the creation of the Lagos International Financial Centre (IFC), a strategic move aimed at positioning Nigeria as a top-tier global financial hub. The Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun, underscored the Federal Government’s unwavering commitment to macroeconomic stability and investment mobilisation.  The Director, Information and…