Business

Artisans and technicians on the platform of the Association of Nigerian Artisans and Technicians ( ASNAT), have expressed their readiness to hold the third edition of the Nigerian Artisans and Technicians’ Exhibitions and Fair (NATEF) in Lagos. A statement issued by the National Coordinator of ASNAT, Comrade Adeshina Akinyemi, said the upcoming edition will broaden partnerships for artisan empowerment and…

AXA Mansard Insurance Plc, and 11 other quoted insurance companies on the Nigerian Exchange Limited (NGX) declared 43.8 per cent drop in profit before tax to N68.7billion in unaudited half year ended June 30, 2025, from N122.22 billion reported in half year ended June 30, 2024. However, out of these 12 insurance companies, Mutual Benefits Assurance Plc., NEM Insurance Plc…

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed its support for the Central Bank of Nigeria (CBN’s)new draft guidelines mandating banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. The FCCPC’s Director of Corporate Affairs, Mr. Ondaje Ijagwu, announced the Commission’s position on the policy in a statement released on Monday. According to…

The local equities market on Monday trading activities commenced on a positive note as gains in Transcorp Power Plc and 24 others pushed the overall capitalization higher by N461 billion. The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 729.19  basis points or  0.49 per cent to close at 147,717.23 basis points. Also, market capitalisation gained N461 billion…

Africa’s leading travel technology company, Wakanow Group, has announced the acquisition of NairaBox, a fast-growing Nigerian digital platform focused on entertainment and lifestyle, marking its official expansion beyond the travel sector. The announcement, made through a statement by Heavyweight PR Agency, signifies Wakanow’s entry into the events and lifestyle space as part of its strategy to build a more integrated…

The Nigerian Consumer Credit Corporation (CREDICORP) has been named Consumer Credit Access Company of the Year at the 13th BusinessDay Banks and Other Financial Institutions (BAFI) Awards held on Saturday in Lagos. The annual BAFI Awards, organized by BusinessDay, Nigeria’s leading private-sector newspaper, celebrates excellence in banking, fintech, and financial services. The event brought together industry leaders and innovators shaping…

The Nigeria Civil Aviation Authority (NCAA) has issued a stern warning to domestic airlines to stop informing customers that it takes four weeks to get their tickets refunded, urging passengers to report any erring operator. Director of Public Affairs and Consumer Protection at NCAA, Mr Michael Achimugu, explained in a post on X.com on Monday that the NCAA regulations explicitly…

The Governor,   Central Bank of Nigeria (CBN), , Olayemi Cardoso, has restated the apex bank’s determination to control inflation and maintain stability in the financial system. Cardoso in a conversation with Lord Bagri Professor of Economics at London Business School, Hélène Rey recently, reaffirmed the bank’s commitment to orthodox monetary policy aimed at achieving single-digit inflation in the medium term.…

 The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has reaffirmed the Commission’s commitment to leveraging technology to strengthen investor confidence and transform Nigeria’s capital market into a globally competitive environment.  Speaking at the 2025 Customer Service Week celebration in Abuja with the theme “Building the Market of the Future, One Interaction at a Time,” Dr.…

The investors in equities market section of the Nigerian Exchange Limited (NGX) appreciated by N2.16 trillion, buoyed by broad based buying interest across major sectors. Consequently, the NGX All-Share Index advanced by 2.37 per cent week-on-week (W-o-W) to close at 146,988.04 points after hitting a new 52-week high of 147,107 points on strong market internals, driven by renewed investor interest…