Business

The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso has hinted that the ongoing recapitalisation exercise is aimed at making Nigerian banks more resilient, globally competitive and support the country’s ambition of building a $1 trillion economy. Cardoso, who represented by, Assistant Director, Corporate Communications Department, CBN, Mr. Tobias Uche at the CBN Fair held in Cross River State,…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has urged Corp members and Interns serving in the agency to transform their creative ideas into viable technology startups, assuring them of the agency’s support in turning their innovations into real products and services. Inuwa made the call at the grand finale of the NITDA Innovation Challenge…

The National Information Technology Development Agency (NITDA) has announced plans to launch the Nigerian Digital Trustmark Seal to enhancing trust, transparency, and confidence in Nigeria’s online ecosystem. The announcement was made during a press conference organised by NITDA in commemoration of Cybersecurity Awareness Month, which brought together representatives of the National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA),…

A Federal High Court has awarded ₦300,000,000 (Three Hundred Million Naira) in damages against Transnational Energy Limited, a company owned by Mr. Gbenga Olawepo-Hashim, for forgery and falsification of corporate and court records. The judgment follows years of legal proceedings arising from the forged removal of Dr. Funmi Rebecca Olawepo as a Director and Shareholder of Bresson A.S. Nigeria Ltd…

The governor of Ogun State, Prince Dapo Abiodun, has disclosed that bus shuttles that will move passengers and their luggage from major towns and cities in the state to the Gateway International Airport are being worked out as part of efforts to ensure ease of movement to the airport. Abiodun also revealed that plans are at an advanced stage to…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has said that Nigeria is taking decisive steps to safeguard its digital future by strengthening cybersecurity, enhancing infrastructure, and building human capacity to harness the power of Artificial Intelligence (AI). Inuwa stated this while delivering a keynote address titled “Securing the Digital Economy: Strengthening Infrastructure and Harnessing the…

Managing Director/Chief Executive Officer of Unity Bank Plc, Mr. Ebenezer Kolawole, has said that a service culture built on responsiveness and innovation will differentiate the impact that customer service can make in any organisation. Making the remarks at the flag off of the Customer Service Week 2025 in Unity Bank, Mr. Kolawole stated that “apart from constantly improving the way…

The Nigerian equities market sustained its positive momentum this week, ending yesterday’s session on a bullish note as increased investor activity lifted the market up by N308 billion. The All Share Index (ASI) gained by 485.25 points, representing a growth of 0.34 per cent to close at 146,204.34 points. Accordingly, market capitalisation rose by N308 billion to close at N92.798…

 The Nigeria Export Processing Zones Authority (NEPZA) has cautioned the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) against actions that contravene Free Trade Zone (FTZ) regulations, reaffirming that strikes and lockouts are expressly prohibited within such zones for a period of ten years from commencement of operations. The Authority’s Managing Director, Dr. Olufemi Ogunyemi, stated this in…

Nigeria’s economy is keeping its rhythm steady and strong. The latest Purchasing Managers’ Index (PMI) data from the Central Bank of Nigeria (CBN) shows that business activity expanded again in September the 10th consecutive month of growth. The index rose to 54.0 points, up from 51.7 in August, signaling a faster pace of economic expansion. The report paints an optimistic…