Business

The Lagos State Government has held a stakeholder engagement with traders and residents of Computer Village, Ikeja, on the planned relocation of the market to the ICT and Business Park in Katangowa, Agbado Oke-Odo. Speaking at the meeting held at the market square on Otigba Street, Ikeja, the Permanent Secretary, Office of Urban Development, Arc. Gbolahan Owodunni Oki, said the…

By Boye Oyeyemi – Car dealers from Ondo, Ekiti, Osun and Oyo states have stormed the Ondo/Ekiti Customs Command in Akure, protesting alleged extortion, harassment and illegal seizure of vehicles by officers of the Nigeria Customs Service (NCS). The dealers, mostly importers of Tokunbo cars, carried placards with inscriptions such as “We pay duty; stop the harassment” and “Customs –…

Chairman of Geregu Power Plc and billionaire businessman, Femi Otedola, on Sunday declared that the business model of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) is outdated and no longer fit for purpose in Nigeria’s evolving energy sector. He praised Aliko Dangote for ushering in a new era of efficiency and transparency through the Dangote Refinery, describing…

Billionaire businessman Femi Otedola has revealed that over N2 trillion was fraudulently paid in fuel subsidy claims during the administration of former President Goodluck Jonathan, despite his personal warnings to the ex-president about widespread manipulation in the subsidy system. Otedola made the revelation on Sunday, explaining that the fraudulent claims were tied to depot licenses used by oil marketers to…

Access Bank has announced the launch of its Womenpreneur Pitch-a-Ton 2025 programme, empowering female entrepreneurs across Africa with essential skills, knowledge, and resources to drive business growth and self-sufficiency. Applications for the program commenced on Friday, September 19, 2025, and will close on Friday, October 3, 2025. Speaking at the press conference in Lagos, Group Head, Women Banking, Nene Kunle-Ogunlusi…

Operations at the Nigerian Liquefied Natural Gas (NLNG) $10 billion Train 7 Project in Bonny, Rivers State, have been brought to a standstill by a protest led by welders, fitters, and junior staff over tax-related grievances. The protesting workers accused their employer, SCD JV — a consortium of Saipem, Chiyoda, and Daewoo — of illegally deducting ₦150,000 monthly from their…

The Nigerian Civil Aviation Authority (NCAA) has accused Qatar Airways of violating consumer protection regulations and warned of stiff sanctions against the airline and others found culpable. The warning comes after a series of complaints regarding the poor treatment of Nigerian passengers. Michael Achimugu, NCAA’s Director of Public Affairs and Consumer Protection, said in a statement on Friday that Qatar…

United Bank for Africa (UBA) Plc has released its financial performance for the half-year (H1) ended June 30, 2025, showing remarkable growth across its major business segments, driven by strong earnings. The audited financials released to the Nigerian Exchange Limited (NGX) showed that the Group recorded significant growth in its gross earnings and profit after tax, signalling robust balance sheet…

United Bank for Africa Plc (UBA) on Thursday declared 6.06 per cent increase in profit after tax to N335.5billion in half year ended June 30,  2025 audited result and accounts compared to N316.36billion declared in half year ended June 30, 2024. The Pan-African financial institution on the Nigerian Exchange Limited (NGX) in its result and accounts posted N388.41 billion profit…

A total of six additional deaths were recorded on Thursday, after the initial four, following the inferno that gutted Afriland Towers, a six-storey commercial building on Broad Street, Lagos Island. WESTERNPOST can confirm that four staff of  Federal Inland Revenue Service (FIRS)  and six employees of United Capital Plc, a financial and investment services firm, situated on the third and…