Business

  The Securities and Exchange Commission (SEC) has announced a collaboration with the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) to track and freeze illicit digital wallets used for money laundering and other financial crimes.  The Director-General of the Commission, Dr. Emomotimi Agama, disclosed this in Abuja while addressing participants at the Abuja Journalists Academy…

By Kunle Sanni – The Advertising Regulatory Council of Nigeria (ARCON) has condemned the circulation of unapproved and offensive advertisements by Bokku Supermarket on social media platforms, describing them as unlawful and harmful to national unity. In a statement signed by its Director-General, Dr. Olalekan Fadolapo, ARCON said the advertisements in question contained ethnic and sectional prejudices, denigrating a section…

…as Inuwa urges FG, States, LGs to forge digital alliance To unlock inclusive growth for all Nigerians, the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has called on the three tiers of government to forge a deeper digital alliance. During a high-level visit to the Nigeria Governors’ Forum (NGF) Secretariat in Abuja, Inuwa called for…

VFD Group Plc on Wednesday released its third quarter ended September 30, 2025 (Q3 2025) unaudited financial results, showing N7.99 billion profit before tax, about 61 per cent surge over N4.95 billion reported in  third quarter ended September 30, 2024. From thee profit & loss figures, the Group posted profit after tax of N6.63 billion in  Q3 2025, representing an…

The Nigerian equities market on Wednesday closed in the red as losses in Aradel Holdings Plc and 45 others dragged the overall capitalisation lower by N693 billion. The Nigerian Exchange  Limited All Share Index (NGX  ASI) lost by 1,092.22 basis points or 0.70 per cent to close at 154,260.98 basis points. Also, market capitalisation shed N693 billion to close at…

Welcomes Danish billionaire to Nigeria By Kunle Sanni – President Bola Tinubu has reaffirmed Nigeria’s commitment to strengthening economic and investment ties with Denmark, assuring Danish investors of a stable, reform-oriented business environment. The President gave the assurance on Tuesday while receiving Danish billionaire Anders Holch Povlsen, Chief Executive Officer of Bestseller and Chairman of the Bestseller Foundation, at the…

The Alternative Bank (AltBank) has announced the launch of The Alternative Bank- Utiva Women in Tech Scholarship, a landmark initiative designed to empower women entrepreneurs with digital skills, innovation design, and business growth training. The announcement was made during a high-level virtual convening held to commemorate the International Day for Rural Women. The scholarship programme, which begins in November 2025,…

By Kunle Sanni – Security operatives on Tuesday sealed off the corporate headquarters of Nestoil Limited on Victoria Island, Lagos, following a court order placing the company under receivership after it defaulted on a debt estimated at over $1 billion. The action followed a ruling by the Federal High Court in Lagos, presided over by Justice D. I. Dipeolu, who…

Dangote Cement Plc has announced robust financial results for the nine months ended September 30, 2025, showcasing a remarkable 164.8 per cent increase in earnings per suare (EPS), which rose from N16.55 to N43.80. This significant growth reflects the company’s strong operational performance and strategic expansion efforts. Group revenue climbed by 23.2 per cent, reaching N3,154.8 billion compared to N2,560.6…

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Engr. Bayo Ojulari, has said that collaboration, sustainability, and resilience are essential to achieving efficiency in the energy sector. Ojulari stated this on Monday at the opening ceremony of the 2025 OTL Africa Downstream Energy Week in Lagos, where he reaffirmed NNPC’s commitment to developing and…