Business

The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 young entrepreneurs across 52 African countries. The announcement was made by TEF Founder, Tony Elumelu, during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme in Abuja on Sunday. Each beneficiary will receive a $5,000 non-refundable seed grant to launch or scale their businesses.…

The Managing Director, Nigerian Railway Corporation (NRC), Dr Kayode Opeifa and his team recently visited the Agege Train station also known as Babatunde Fashola station to reinforce its commitment to inclusiveness in transportation services in Nigeria.  Opeifa  in a tweet on X  said, “In continuation of our facilities and critical assets assessment, where we evaluated existing facilities in line with…

For compliance to the post listing requirement, Mutual Benefits Assurance Plc escaped delisting from Nigerian Exchange Limited (NGX) as the management submitted required result and accounts for period ended 2023.   The company declared a profit before income tax of N6.28 billion in 2023, 289 per cent increase over N1.611 billion in 2022. In the management bid to escape delisting from…

Amid Central Bank of Nigeria (CBN) recapitalization, Sterling Financial Holdings Company Plc has listed N75 billion worth of shares on the Nigerian Exchange Limited (NGX). The lender in the statement announced to the investing public the listing of 16,666,666,667 Ordinary Shares of 50 Kobo each at N4.50 per Share Offered through Private Placement. Trading licence Holders are hereby notified that…

The Nigerian equities market has depreciated by N532 billion in one week to extend its bearish run for the fourth consecutive week.  The market capitalisation closed on Friday at N65.82 trillion, a decline of N532 billion from N66.352 billion it opened for trading.  The losses in BUA Cement Plc dipped by 10 per cent, Transcorp was down by 7.8per cent…

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has expressed that life is not worth living without ambition, calling on 50 Harvard scholars to rise above limitations and push their ambitions to help transform the world into a better place The prominent industrialist made this call recently when a delegation of Harvard Kennedy School scholars visited the Dangote Petroleum Refinery…

Nigerian Exchange Group (NGX Group), in collaboration with the Central Bank of Nigeria (CBN) and MinieMoney, empowered over 200 students with essential financial literacy skills as part of the 2025 Global Money Week celebration. This initiative underscores a shared commitment to fostering financial inclusion and equipping young Nigerians with the knowledge required for long-term financial well-being. The event convened students…

A total of 15 quoted insurance companies on the Nigerian exchange Limited (NGX) declared N142.2 billion profit before tax in unaudited result and accounts for period ended December 31, 2024., about 75.5per cent increase over N81.03 billion reported in 2023 financial year.   Out of the 15 companies,  research by WESTERN POST showed that Guinea Insurance Plc., Linkage Assurance Plc, NEM…

By Kunle Sanni Visa Inc., the global payment services giant, has announced plans to establish a data centre in Nigeria as part of its ongoing investment in the country’s digital economy. The update was delivered by Visa’s Regional President for Central and Eastern Europe, the Middle East, and Africa (CEMEA), Andrew Torre, during a courtesy visit to Vice President Kashim…

The management of Nigerian National Petroleum Company (NNPC) Limited has warned the general public that it is not recruiting at the moment. It stated on X that the official recruitment announcements will only be made through its website and verified social media platforms. “NNPC Limited’s recruitment process is transparent, merit-based, and requires no external assistance,” the statement added.   NNPCL earlier…