Business

The Federal High Court in Abuja has dismissed a suit filed by United Bank for Africa (UBA) Plc challenging the authority of the Federal Competition and Consumer Protection Commission (FCCPC) to investigate consumer-related complaints involving banks, affirming that the commission is legally empowered to exercise such jurisdiction. Delivering judgment on Wednesday in suit FHC/ABJ/CS/1972/2025, Justice James Omotosho held that the…

Access Holdings has distanced itself from a circulating “financial highlight” linked to its 2025 audited statements, stating that the summary was shared on social media by an unauthorized source ahead of the official release. The company clarified that its audited financial statements remain under regulatory review by the CBN, although they have already received approval from the Securities & Exchange…

Oando Plc through its independent charity, Oando Foundation, participated in a high-level private sector roundtable convened by the Federal Ministry of Education (FME).  This event, supported by the Global Partnership for Education (GPE), an international organization dedicated to ensuring quality education for children, particularly in developing countries, aimed to strengthen private-sector engagement in advancing Nigeria’s education priorities.  The roundtable provided a…

Unity Bank Plc, alongside leading climate innovation experts, has called for increased investment in the green economy and the adoption of frontier technologies as critical pathways to driving economic resilience and reducing the impact of climate change on vulnerable populations across Africa. The call was made during a thought-provoking webinar hosted by the Bank to commemorate this year’s Earth Day,…

Zenith Bank Plc has made history on the Nigerian capital market, crossing the N5 trillion market capitalisation threshold to become the first bank in the country to achieve the milestone—cementing its position as the most valuable banking stock on the Nigerian Exchange Limited (NGX). The landmark achievement crowns a remarkable rally in the bank’s share price between December 2025 and…

African corporates will have an opportunity to strengthen their understanding of the African Continental Free Trade Area (AfCFTA) at the third edition of the AfCFTA Training Programme scheduled to hold in Cairo, Egypt, from June 16 to June 18, 2026. According to a statement issued on Wednesday by the African Export-Import Bank (Afreximbank), the programme is being organised in collaboration…

The Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX RegCo) have convened the 3rd edition of the Corporate Reporting Awards, recognising listed companies on Nigerian Exchange (NGX) for excellence in financial reporting, corporate governance, and sustainability disclosures for the 2024 financial year. Covering companies on the NGX 30 Index, the awards assess performance across three pillars,…

Nestlé Nigeria Plc has entered into a strategic partnership with the Federal Ministry of Livestock Development to establish a Dairy Technical Skills Development Centre in Paikon Kore, Gwagwalada, in a move aimed at strengthening technical capacity and enhancing productivity within Nigeria’s dairy sector. The agreement, formalised through the signing of a Memorandum of Understanding, underscores a shared commitment to improving…

A joint partnership involving the Nigerian National Petroleum Company (NNPC) Limited, Shell Nigeria Exploration and Production Company Limited (SNEPCo), the Nigerian Content Development and Monitoring Board (NCDMB), and the University of Lagos (UNILAG) has commissioned and donated a newly built Geosciences Centre of Excellence to the university. The facility, designed to strengthen geosciences education and research in Nigeria, was inaugurated…

The National Information Technology Development Agency (NITDA) and the Corporate Affairs Commission (CAC) have initiated coordinated measures to strengthen cybersecurity following recent concerns affecting aspects of CAC’s digital systems. This was disclosed in a statement issued on Saturday by NITDA’s Director of Corporate Communication and Media Relations, Mrs. Hadiza Umar. According to the statement, both agencies have activated response and…