Business

The Lagos State Consumer Protection Agency (LASCOPA) has announced that it has received 11,101 consumer complaints since its establishment in March 2018, resolving 10,474 cases, while 437 remain under processing and 197 have been referred to relevant agencies. According to the agency, these interventions have led to recoveries valued at ₦530,266,592.31 and $14,901.80 for consumers across multiple sectors, including electricity,…

The Chairman of United Bank for Africa, Tony Elumelu, has won the 2025 Appeal of Conscience Award by the Appeal of Conscience Foundation, founded by Rabbi Arthur Schneier. According to a statement, the award was received on his behalf by his wife, Dr Awele Elumelu. Rabbi Arthur Schneier, in 1965, came up with the idea to establish a vibrant international…

By Kunle Sanni – President Bola Tinubu has congratulated Kresta Laurel Limited, one of Nigeria’s foremost indigenous elevator and escalator companies, on its 35th anniversary. Founded in Lagos and now operating branches in Abuja, Port Harcourt, Uyo, and Ibadan, Kresta Laurel has become a major player in elevator and escalator technology. The company is also a recipient of the African…

The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged Nigerians to take advantage of opportunities in the capital market to build personal and national financial independence as the country marked its 65th Independence Anniversary. In a goodwill message titled “Forging a New Legacy of Financial Independence”, Agama described the capital market as a critical…

The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has urged African nations to move beyond consuming technology and begin creating and exporting digital solutions to the world. Delivering a keynote address at the African Creators Conference 2025 in Abuja—represented by Dr. Aristotle Onumo, NITDA’s Director of Stakeholders Management and Partnerships—Inuwa spoke on the theme, “The…

Kunle Sanni – The Federal Airports Authority of Nigeria (FAAN) has officially launched Operation Go Cashless, a new cashless and contactless payment system designed to improve efficiency and transparency in airport transactions. The initiative was unveiled by FAAN’s Managing Director/Chief Executive, Mrs Olubunmi Kuku, who was represented by the Director of Public Affairs and Consumer Protection, Henry Agbebire. Developed in…

The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has restated the agency’s commitment to advancing Nigeria’s digital economy through green technology and innovation. Speaking at the 3rd Technology Ecosystem Dialogue (TED 2025), organised by the Young Innovators of Nigeria (YIN), Inuwa described the forum’s theme—“Green Tech and Energy Revolution: Transforming Business and Society”—as both timely…

By Kunle Sanni – President Bola Tinubu on Monday held separate meetings with top business leaders, including Bayo Ogunlesi, Chief Executive Officer of Global Infrastructure Partners and Senior Managing Director at BlackRock, as well as former United Bank for Africa (UBA) chairman, Hakeem Bello-Osagie, at his Lagos residence. The discussions also featured the Executive Chairman of the Federal Inland Revenue…

The Federal Government has moved to avert a fuel supply crisis, assuring Nigerians that there will be no disruption in the availability of petroleum products despite disputes involving the Dangote Refinery. In a statement on Sunday, the Ministry of Finance said the Steering Committee of the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative, chaired by Minister…

Nigeria’s civil aviation authority is looking into certifying China’s C919 jet for the country’s carriers, its director general told Reuters, as Nigerian airlines take on more aircraft and as relations warm with Beijing. Chinese planemaker COMAC is producing the narrow-body C919 to compete with leading Western planemakers Airbus (AIR.PA) and Boeing (BA.N), and has held several talks with Nigeria over…