Business

The Securities and Exchange Commission (SEC) has disclosed that Nigeria’s non-interest capital market has grown significantly, reaching a valuation N1.6trillion, a milestone it says signals growing investor confidence and deepening participation in ethical finance. The Director-General of the SEC, Dr. Emomotimi Agama, announced this on Monday during a joint press briefing in Abuja ahead of the 7th African International Conference…

The newly built Gateway International Airport in Ogun State welcomed its first commercial flight on Tuesday morning, despite challenging rainy conditions. The development marked the beginning of scheduled passenger services from the newly operational Ogun State-owned airport. In a viral video on the social media, passengers were sighted on queue for check-in at the airport’s terminal. The Special Adviser to…

The Federal Government has given Ekiti Agro-Allied International Cargo Airport approval to commence scheduled flight operations, (otherwise known as commercial flights), effective October 4th. The development follows the expiration of the initial approval for a non-scheduled flight approval for the airport by the Nigeria Civil Aviation Authority (NCAA), in December 2024 and compliance with regulatory requirements. The approval was made…

By Kunle Sanni – The Federal High Court in Abuja has ordered Transnational Energy Limited, operators of Petroleum Prospecting License (PPL) 221, to pay ₦300 million in damages to Dr. Funmi Olawepo for unlawfully removing her as a shareholder and director of the company. In a judgment delivered by Justice G.K. Olotu in Suit No. FHC/ABJ/CS/1652/2021, the court held that…

By Kunle Sanni – The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared Senator Adams Oshiomhole, representing Edo North, persona non grata within the oil and gas sector following his recent criticism of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over its dispute with the Dangote Refinery. In a statement signed by NUPENG…

By Folashade OlorunfemiThe National Information Technology Development Agency (NITDA) has called for a safer future while marking the cyber security awareness month. Emphasizing the theme of the event, ‘Cyber Hygiene for a Safer Tomorrow’, the Agency urged individuals to be security conscious on the online space, especially with the advent of digital devices, which enabled the interconnectivity of people. NITDA…

By Kunle Sanni – The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has strongly criticised former Nigeria Labour Congress (NLC) President and Senator representing Edo North, Adams Oshiomhole, over his remarks on the ongoing industrial dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of Dangote Refinery. Oshiomhole, in an interview…

By Folashade Olorunfemi UN Tourism, the global apex body for tourism, has agreed to partner with the recently launched Eko Tourism Foundation (ETF) towards the actualization of the Foundation’s objectives. This was declared while the ETF delegation led by its Chairman, Alhaji Lai Mohammed, received the UN Tourism delegation led by its Secretary-General, Mr. Zurab Pololikashvili in Lagos. The UN…

By Folashade Olorunfemi In a bid to adequately represent voices of startup founders and innovators from across the country, the National Information Technology Development Agency (NITDA), through the Startup Consultative Forum (SCF) has elected four zonal representatives to serve on the National Council for Digital Innovation and Entrepreneurship (NCDIE). The NCDIE was established to facilitate the growth, sustainability, and competitiveness…

The Naira on Monday weakened by 0.31 per cent to close at N1,470.26 against the dollar from N1,465.68 against the dollar it closed last Friday. The local currency at the Nigerian Foreign Exchange Market (NFEM) had appreciated by 1.52per cent last week to close N1,465.68 againstt the dollar from N1,488.26 against the dollar it opened for exchange.  The Naira appreciation…