Business

The Nigerian equities market on Thursday gained N478billion to maintain its positive momentum, with increased investor participation driving gains across key sectors. The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 753.65 points, or 0.49 per cent to close at 154,489.90  basis points. Also, market capitalisation gained N478 billion to close at N 98.059 trillion. Market sentiment was…

The Federal Government has reaffirmed its commitment to expanding financial inclusion in Nigeria through digital identity and pro-growth regulation. This commitment was underscored by the Minister of State for Finance, Dr. Doris Uzoka-Anite, at Semafor’s Next 3 Billion Tour held in Abuja on Wednesday. The convening, produced by Semafor in partnership with the Bill and Melinda Gates Foundation, brought together…

The Group Chairman, United Bank for Africa (UBA) Plc, and Heirs Holdings Limited, Tony Elumelu, has challenged African policymakers to create environments that reward enterprise and unlock the continent’s vast potential. He said this much while delivering a keynote address during the Abuja Business & Investment Summit & Expo 2025, which held at the Bola Ahmed Tinubu International Conference Centre…

A $450 million steel-producing company, Stellar Steel Company Limited, is set to begin operations in Ogun State by the middle of 2026 The investment, from Stellar Steel Company Limited, a subsidiary of the Galaxy Group and RSIN Group, headquartered in Fuzhou, Fujian Province, China, is expected to produce hot-rolled coil steel, iron steel doors and gas cylinders, a move projected…

The President & CEO of the Dangote Group, Aliko Dangote  said it plans to list a five per  cent to 10per cent stake in the Dangote Petroleum Refinery on the Nigerian Exchange (NGX) within the next year. The move marks a major shift toward public ownership and mirrors the earlier approach taken with Dangote Cement and Dangote Sugar Refinery, both…

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has said that the global shift towards sustainable finance is redefining investment decisions, corporate governance and risk management, adding that Nigeria’s capital market must adapt to remain competitive and relevant. Speaking at the 2025 Annual Conference of the Chartered Institute of Stockbrokers in Abuja, Dr. Agama described…

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has directed all domestic airlines to prioritise serving military personnel during boarding, ahead of first and business class passengers. Keyamo made the announcement on Tuesday in Abuja during a stakeholder meeting on preparations for Nigeria’s aviation centenary celebration and the inaugural Nigerian International Air Show, scheduled to hold from December 2…

By Oluwatoyin Hawal Momolosho – Umza Aviation Services Ltd (UAS) has announced plans to commence direct flight operations between Ilorin and the Federal Capital Territory, Abuja. The service, which will operate daily, promises a faster, more convenient travel option for business and leisure. The introduction of the Ilorin–Abuja route represents a significant step in UAS’s expansion drive and underscores the…

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned members of the public against falling victim to fraudulent social media accounts purportedly bearing the name and photo of Engineer Gbenga Komolafe, the Commission Chief Executive. Head, Media and Strategic Communication, NUPRC, Eniola Akinkuotu in a statement said Engineer Komolafe doees not have a social media handle on X, Facebook, Instagram…

The Nigerian Communications Commission (NCC) has blamed the poor quality of telecom service being experienced in Lagos, Abuja and other major cities in Nigeria to inadequate capacity across the networks to support heavy usage in high-density urban areas. The Commission gave the explanation in a document highlighting the results of its research findings on the networks in partnership with broadband…