Business

Access Holdings Plc on the Nigerian Exchange Limited (NGX) stated its awaits Central Bank of Nigeria (CBN) approval for its audited consolidated & separate financial statements for the year ended December 31, 2024 and dividend payout to shareholders. Company Secretary, Access Holdings, Sunday Ekwochi in a statement said “This is to notify the investing public and Nigerian Exchange Limited  that…

A preliminary  report by Nigerian Safety Investigation Bureau (NSIB) has disclosed that Allied Air Boeing 737-400 Freighter that crash landed at  Nnamdi Azikiwe International Airport on December 11, 2024  was en route to collect cargo for the Central Bank of Nigeria (CBN). The bureau stated on Saturday that, “The aircraft, en route to collect cargo for the CBN, experienced a…

The Lagos state government on Saturday began the enumeration exercise of communication Masts and Towers across the state. The exercise was in collaboration with the Association of Licensed Telecommunications Operators of Nigeria (ALTON) and would be for three months.  A statement signed by GM/CEO Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA), Prince Oyekanmi Elegushi, said the primary objective of…

By Mosunmola Ayobami The Central Bank of Nigeria (CBN) has organized a Youth Action Event, a high-level debriefing on the Summit of the Future: Our Common Agenda, for over 500 youths across various groups. The summit was held at the headquarters auditorium of the apex bank in Abuja on Friday. In his welcome address, the Governor of the Central Bank,…

Following global and domestic uncertainty, the Nigerian equities market in January 2025 gained N1.95 trillion as investors trade with caution. The market capitalisation that opened 2025 at N62.763 trillion, gained N1.95 trillion to close January 2025 at N64.709 trillion. Consequently, the Nigerian Exchange Limited All-Share Index (NGX) closed January 2025 at 104,496.12 basis points, about 1.53per cent or 1,569.72basis points…

According to a statement signed by GHL’s management, banks across Nigeria have complied with the Federal High Court’s ruling delivered by Justice Deinde Dipeolu on January 29, 2025, lifting the Mareva injunction against GHL, its directors, and shareholders. The statement follows allegations that First Bank of Nigeria (FBN) Chairman Femi Otedola, Managing Director Olusegun Alebiosu, and the bank’s legal team…

The Federal Government on Thursday began the construction of five Mini Liquefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State. The plants are to facilitate rapid access to gas to deepen its utilisation among Nigerians. Chief Corporate Communications Officer, NNPCL, Olufemi Soneye in a statement explained that the plants are being developed by the Nigerian National Petroleum Company Limited (NNPC…

A consortium of investors, led by JP Morgan, visited the headquarters of Nigerian National Petroleum Company (NNPC) Limited. in Abuja on Wednesday. The high-level delegation was received by the company’s General Counsel, Mr. Chidi Momah. Photo credit: @BUKARMI_ on X

The Central Bank of Nigeria’s (CBN) in a report has disclosed that 80.6 per cent majority of Nigerian businesses believe that the current inflation rate is high. The CBN in its Inflation Expectations Report for December 2024, stated that the report reveals that 80.6per cent of businesses perceive inflation to be at an elevated level, reflecting the persistent economic pressures…

Fresh details have emerged about how Access Bank allegedly granted a clandestine N1 billion loan to DDSS International Company Limited using a property belonging to another company, MOB Integrated Services, without the owner’s consent. According to insiders, the property—owned by MOB Integrated Services and managed by businessman Gbolahan Obanikoro—was initially used to secure a N193,139,200 loan for Balmoral International Limited…