Business

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…

Dangote Petroleum Refinery & Petrochemicals pon Tuesday said it has extended its revenue to far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March 2025.  According to data from ship-tracking service Kpler, six vessels carrying around 1.7 million barrels of jet fuel from…

Nigerian Exchange Group (NGX Group) has reinforced its commitment to youth empowerment and socioeconomic growth through a strategic partnership with The Athletics School Games (TASG), an annual sporting event bringing together young athletes from private schools in Lagos.  The initiative aligns with NGX Group’s corporate social responsibility (CSR) focus on community development, underscoring the Group’s belief in nurturing well-rounded future…

As part of its commitment to investor education and financial inclusion, the Securities and Exchange Commission Nigeria (SEC) has expressed its readiness to equip children and young Nigerians with relevant knowledge to enable them make informed financial decisions. In a statement issued on Monday in Abuja, the Commission outlined various activities undertaken to commemorate the 2025 Global Money Week (GMW).…

  …Kano, Lagos, seven States get thousands of bags of rice, more to follow The Aliko Dangote Foundation (ADF) has delivered hundreds of thousands of bags of rice to several states including Kano, Bauchi, Nasarawa, Niger, Lagos, Abuja, Katsina, Borno and Gombe States, as part of its ongoing 2025 Food Intervention Programme. More States are to receive their deliveries this week,…

United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGX) on Monday, showed an impressive rise in the bank’s profit after tax which went up by 26.14 per cent to close the…

United Bank for Africa Plc (UBA) on Monday announced N803.73 billion profit before tax in its audited result and accounts for the period ended December 31, 2024. This is about 6.08per cent increase over N757.68 billion declared in 2023 financial year.  Amid significant increase in profit, the management of UBA proposed a final dividend of N3.00 per share (31 December…

The Securities and Exchange Commission (SEC) has reiterated its zero tolerance for fraudulent activities in Nigeria’s capital market, warning that unscrupulous operators will face severe regulatory actions. SEC Director-General, Emomotimi Agama, made this known in an interview over the weekend, emphasizing that the Commission will intensify its crackdown on non-compliant operators through license revocations, suspensions, and stricter enforcement measures. “And…

Enugu State Governor, Peter Mbah, has reaffirmed his administration’s commitment to generating N600 billion in Internally Generated Revenue (IGR) for 2025. He stated that the increased revenue would drive major development projects across the state. Speaking during his investiture as President of the Enugu Sports Club on Saturday, Mbah emphasized the state’s shift from reliance on federal allocations to a…