Business

By Kunle Sanni President Bola Tinubu has reaffirmed his commitment to fostering a pro-business environment in Nigeria, emphasizing the need for policies that attract and protect investors in the telecom sector. Speaking at a meeting with an Airtel delegation led by Chairman Sunil Bharti Mittal at the State House in Abuja on Thursday, Tinubu assured that Nigeria’s telecom regulatory framework…

Dangote Coal Mines Limited and host communities in Benue State have sealed a landmark Community Development Agreement (CDA).  The CDA was described by government functionaries as a major ‘milestone.’  The pact, according to the representatives of Dangote Coal and host communities, will see the company performing social programmes in support of government efforts.  Representative of the company, Nuhu Elujah, described…

The Bauchi State Bureau for Information and Communication Technology and Digital Economy (BICT), Director-General, Hayatudeen Babamaji said it seeks National Commissioner/CEO of the Nigeria Data Protection Commission (NDPC) collaboration in the area of infrastructure and capacity building of data protection and privacy. Babamaji  stated this when he visited the National Commissioner/CEO NDPC, Dr Vincent Olatunji, in his Abuja office recently.  …

Nigerian National Petroleum Company Limited (NNPCL) has been recognized as the Best Fully Integrated Energy Company of the Year 2024 at the Nigeria International Energy Summit in Abuja. The award was received on behalf of the company by Mr. Olalekan Ogunleye, Executive Vice President, Gas, Power and New Energy and Mr. Danladi Inuwa, Executive Vice President, Business Services. They were…

The Federal Ministry of Labour and Employment has issued a 7-day ultimatum to the management of Ibadan Electricity Distribution Company, (IBEDC) and its outsourcing firm to renegotiate the mass sacking of its 3,000 workers. Oyo State Comptroller in the ministry, Mr Festus Igbinosun gave the directive at the end of a meeting between the management of IBEDC, Nigeria Labour Congress…

The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to explain its planned subscription price increase, which is set to take effect on March 1, 2025. The regulatory body, in a statement issued on Monday, directed the Chief Executive Officer of MultiChoice Nigeria to appear before an investigative hearing at the Commission’s headquarters on Thursday, February 27,…

The Nigerian National Petroleum Company (NNPC) Shipping, Stena Bulk, and Caverton Marine Limited on Tuesday announced the signing of a new joint venture that will transform Nigerian maritime transportation. The  Chief Corporate Communications Officer, NNPCL, Olufemi Soneye in  a statement stated that the  agreement, signed in London last week, aims to create a new tanker operation serving Nigeria and West…

Nigeria’s ongoing energy reforms will play a crucial role in shaping Africa’s industrial and economic landscape, according to Olu Verheijen, Special Adviser to President Bola Tinubu on Energy. Speaking at the Nigeria International Energy Summit 2025 in Abuja, Verheijen highlighted the country’s strides in securing investments, boosting refining capacity, and improving electrification. She emphasized that Nigeria’s progress in these areas…

Flutterwave  has unveiled plan to list N4.5 trillion shares on the Nigerian Exchange (NGX). Flutterwave disclosed the Nigerian listing plan during a courtesy visit to President Bola Tinubu at the State House, Abuja. Flutterwave, which is valued at $3 billion, was founded by young Nigerians and it operates in the United States, Canada, Nigeria, Kenya, Uganda, Ghana, South Africa, and…

Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84per cent year-on-year.  In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer deposits by 23per cent to N402.9 billion from N327.4 billion within…