Business

The 2024 Africa Visa Openness Index (AVOI) has highlighted the urgent need for decisive action to unlock Africa’s economic potential through enhanced mobility. On the sidelines of the 38th AU Summit, the African Union and the African Development Bank (AfDB) co-hosted a High-Level Strategic Dialogue on accelerating visa-free movement for Africa’s transformation and integration. The dialogue focused on leveraging the…

The Nigerian equities market maintained a positive trend yesterday, crossing N67 trillion as investors continued to take positions in stocks, driven by expectations of stronger earnings releases. The All Share Index (ASI) gained by 1,247.54 points, representing a growth of 1.17 per cent to close at 107,822.52 points. Also, market capitalisation gained N779 billion to close at N67.274 trillion. The…

By Kunle Sanni President Bola Tinubu has praised Google CEO Sundar Pichai for the company’s commitment to advancing Artificial Intelligence (AI) and digital transformation in Nigeria. During a meeting with the Google team in Paris on Wednesday, President Tinubu, accompanied by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, discussed a strategic partnership to accelerate Nigeria’s technological…

… as Dangote shines at gateway Trade Fair  Speaker of Ogun State House of Assembly, Hon. Oludaisi Elemide has described as second to none the contributions of the President of Dangote Industries Limited (DIL), Aliko Dangote to Nigeria’s economy and urged him not to be deterred by challenges facing businesses in the country. It was the submission of guests at…

Dangote Petroleum Refinery and Petrochemicals says it has reduced the cost of its diesel to N1,020 per litre, down from N1,075 per litre at the gantry price. In a statement on Tuesday, the company said the reduction was to better serve its customers and Nigerians in general. The PUNCH recalls that when it began diesel production in January 2024, the…

Nigerian telecommunications operators have started implementing the long-awaited 50 per cent tariff hike following regulatory approval from the Nigerian Communications Commission (NCC) as lawmakers moved to halt the rollout, citing economic hardship. A report by Punch stated that the House of Representatives on Tuesday directed the telecom regulator and the Minister of Communications, Innovation, and Digital Economy to suspend the…

By Olaolu Joseph The Organizing Committee of the Gateway Games 2024 National Sports Festival has officially unveiled Premium Trust Bank as the lead sponsor of the highly anticipated sports event. This partnership marks the largest single sponsorship agreement for the National Sports Festival. In a grand unveiling ceremony held in Ogun State capital of Abeokuta, the partnership highlights the significance…

The Senate has proposed a N10 billion special fund for investor education in the capital market as part of the 2025 budget. According to the Senate, the initiative aims to raise awareness among Nigerians and attract more investors to the market. Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, made this statement during the Securities and Exchange…

Nigeria and the United Arab Emirates (UAE) have strengthened their aviation partnership with the signing of an amended Bilateral Air Service Agreement (BASA). The agreement was signed by Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, during the International Civil Aviation Organisation (ICAO) Global Implementation Support Symposium (GISS) 2025 in Abu Dhabi. Keyamo met with UAE’s Minister of Economy,…

The Central Bank of Nigeria (CBN) has announced a major revision to its Automated Teller Machine (ATM) transaction fees, effectively eliminating the three free monthly withdrawals previously granted to customers using other banks’ machines (not-on-us). This directive, outlined in a circular dated February 10, 2025, applies to all banks and financial institutions operating in Nigeria and is set to take…