Business

The Nigerian equities market on Monday resumed the trading week on a bearish note as losses in the banking sector pulled the overall capitalisation lower by N95 billion. The Nigerian Exchange Limited All Share Index (NGX ASI) lost by 148.90basis  points or 0.10 per cent to close at 155,496.15 points. Also, market capitalisation shed N95 billion to close at N98.698…

By Kunle Sanni – Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that Nigeria has successfully secured a coveted landing slot for Air Peace at London’s Heathrow Airport, marking a major milestone for the nation’s aviation sector. Mr. Keyamo made the announcement on Monday via his X and Facebook pages, revealing that the achievement followed several months of…

The Federal Competition and Consumer Protection Commission (FCCPC) on Monday said it welcomed recent court rulings that uphold consumer rights in Nigeria, notably the Lagos High Court’s award of N5 million in damages against Multichoice Nigeria Limited and the Enugu High Court’s decision declaring Peace Mass Transit’s “no refund” policy unlawful. The Executive Vice Chairman and Chief Executive Officer of…

The Central Securities Clearing System Plc (CSCS), on Monday announced a major milestone in its technology transformation journey with the upgrade of its core application in partnership with global technology leader IBM and Tata Consultancy Services (TCS). This upgrade marks a significant leap in CSCS’s commitment to innovation, efficiency, and resilience, positioning it as one of Africa’s most technologically advanced…

The Central Bank of Nigeria (CBN) has released a total sum of $1.26 billion to oil sector players for the importation of petroleum products and other related items into the country in first quarter (Q1) of 2025. The amount released Q1 2025 is against the backdrop of the insistence of marketers to continue fuel import despite the availability of petrol…

Nigerian Exchange Group (NGX Group), through its regulatory subsidiary, Nigerian Exchange Regulation Limited (NGX RegCo), has reaffirmed its commitment to expanding financial inclusion and deepening retail investor participation following the successful FinTribe Finance Fair 2025, which convened over 9,000 women focused on wealth creation and capital market opportunities. The event, organized by FinTribe, one of Nigeria’s fastest-growing women’s finance communities,…

 Guaranty Trust Holding Company Plc (GTCO), Access Holdings Plc and three other big banks in Nigeria declared 21 per cent drop in profit before tax to N2.29 trillion in half year ended June 30, 2025. The five biig banks in half year ended June 30, 2024 in their audited / unadutiied resuit and accounts decalred N2.89 trillion, according to  data…

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June 2024, underscoring the sophistication and risk tolerance of investors that the traditional market has yet to capture. Agama in a lead paper titled Evaluating the Nigerian Capital Market Masterplan 2015-2025…

The Bank of Agriculture (BOA) and the International Organisation for Migration (IOM) have launched a $200 million agriculture and livelihood fund aimed at empowering internally displaced persons (IDPs) across Nigeria and fostering economic inclusion. In a statement released on Friday, the BOA said the initiative seeks to move beyond humanitarian aid by providing displaced Nigerians with sustainable means of livelihood.…

Nigeria is charting an ambitious path toward a sustainable digital future anchored on innovation, inclusivity, and resilience, a vision central to President Bola Ahmed Tinubu’s Renewed Hope Agenda. The agenda focuses on economic reform, infrastructure development, digital diversification, and stronger governance for efficient service delivery. This was the key message delivered by the Director-General of the National Information Technology Development…