Business

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has reaffirmed Nigeria’s commitment to deepening collaboration with the United States to build a secure, trusted and resilient digital ecosystem, with focus on data privacy, artificial intelligence (AI), cybersecurity and capacity building. He made the remarks while addressing participants at the Nigeria Data Privacy Capacity Building Workshop…

The Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Monday, handed over the sum of N802,420,000 (Eight Hundred and Two Million, Four Hundred and Twenty Thousand Naira only) to First Bank Nigeria Plc. The money was recovered from a suspect, Ojo Eghosa Kingsley, who unlawfully took possession of over N1.3 billion belonging to the bank. The…

The equities market opened trading activities for this week on a positive note by N745 billion following share price appreciation in Aradel Holdings Plc and 48 others. As a result, the All Share Index (ASI) gained by 946.61 points, representing a growth of 0.58 per cent to close at 163,244.69 points. Also, market capitalisation gained N745 billion to close at…

United Nigeria Airlines has issued an apology to Nollywood actress Bolaji Ogunmola following the cancellation of a flight to Ekiti that left her stranded and disrupted her professional plans. The actress had earlier accused the airline of repeatedly delaying her flight from Wednesday before ultimately cancelling it, an experience she said caused her serious financial and professional losses. Ogunmola revealed…

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have developed a joint framework to address consumer complaints arising from failed airtime and data transactions. The framework targets issues linked to unsuccessful purchases caused by network downtimes, system glitches or human errors, following months of engagements with mobile network operators (MNOs), value-added service (VAS) providers, deposit money…

By Folashade Olorunfemi – The Nigeria Civil Aviation Authority (NCAA) has announced plans to impose stiffer penalties on domestic airlines that repeatedly fail to meet operational standards, particularly in managing flight delays and cancellations. Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, disclosed this on Thursday via his X handle. He used the post to reaffirm…

Renowned Nigerian businessman and philanthropist Femi Otedola has extended heartfelt birthday wishes to his mentor and role model, Sir Gilbert Chagoury, as he marks his 80th birthday. In a tribute shared on Wednesday, Otedola lauded Chagoury’s visionary contributions to Nigeria’s development, describing his life as “proof that vision, discipline, and an unwavering belief in Nigeria can truly shape history.” Otedola…

By Kunle Sanni – Group Chief Executive Officer of Oando Plc, Wale Tinubu, has praised billionaires Femi Otedola and Tony Elumelu for what he described as exceptional investment decisions, citing recent transactions involving Geregu Power Plc and Seplat Energy as landmark deals that signal strong investor confidence at the start of 2026. Reflecting on the first week of work in…

By Kunle Sanni – The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has confirmed that Aliko Dangote, chairman of Dangote Group, has withdrawn his petition against Ahmed Farouk, the former chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The ICPC disclosed this in a statement issued on Wednesday by its spokesperson, Okor Odey.…

By Folashade Olorunfemi – The Federal Airports Authority of Nigeria (FAAN) has introduced a ₦200,000 fine for vehicles parked in unauthorised areas within airport premises, as part of measures to curb indiscriminate parking, improve traffic control and strengthen security at airports nationwide. The directive was disclosed by the Director of Aviation Security Services, ACP Afegbai Albert Igbafe (Rtd), during a…