Business

A preliminary report released by the Nigeria Safety Investigation Bureau (NSIB) on the serious incident involving an Air Peace flight from Lagos to Port Harcourt has revealed that the flight cabin crew tested positive for alcohol and cannabis consumption. The report on the serious incident involving a Boeing 737-524 aircraft, with nationality and registration marks 5N-BQQ, operated by Air Peace…

The National Information Technology Development Agency (NITDA) has announced public review session for the Draft Digital Public Infrastructure (DPI) Live Events and the Draft Technical Standard for the Nigerian Data Exchange (NGDX). NITDA made the announcement in a statement signed by the Director of Corporate Communications and Media Relations, Mrs Hadiza Umar. The session is scheduled to take place on…

BUA Cement Plc reported its unaudited H1 2026 financial results, recording a profit before tax of N384.44 billion, representing a significant increase from N214.80 billion reported in the corresponding period of 2025. Profit after tax also rose to N324.88 billion from N180.90 billion, while earnings per share increased to N9.59 from N5.34 in H1 2025. Speaking on the company’s performance,…

The 2025 Conference of the Finance Correspondents Association of Nigeria (FICAN) has received strong backing from key financial institutions and regulators, underscoring its significance as a platform for shaping discourse on Nigeria’s digital economy. Among the supporters of the annual event are the Federal Inland Revenue Service (FIRS), the Central Bank of Nigeria (CBN), Nigeria Export-Import (NEXIM) Bank, United Bank…

 Shareholders of Dangote Cement Plc have received over N3.3 billion in dividends over the last 15 years. Aside from this impressive dividend payout, the shareholders have also significantly benefited from the capital appreciation of the cement stock. The benefits to the shareholders were disclosed on the floor of the Nigerian Exchange on Wednesday, during the “Facts Behind the Figure” presentation,…

Bolaji Adebiyi, in Algiers The curtain fell on this year’s Intra-African Trade Fair in Algiers, Algeria, on Wednesday, with the biannual trade summit exceeding the organisers’ targets, recording deals worth a staggering $48.3 billion, $4 billion more than estimated. “By all measures, including the number of buyers, visitors, exhibitors, and countries, as well as the value of deals made, this…

Graduating Cadets of the Nigerian Defence Academy have been urged to explore the various investment opportunities available in the capital market to create wealth. Director General of the Securities and Exchange Commission, (SEC) Dr. Emomotimi Agama stated this at the 23rd Convocation Lecture in honour of graduating cadets of 72 Regular Course and Post graduate students held in Kaduna, Wednesday.…

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has suspended its strike following an agreement with the management of Dangote Refinery. It was gathered that the resolution was reached at a closed-door meeting attended by the Minister of Finance, Wale Edun and representatives of the Nigeria Labour Congress. Acting NLC General Secretary, Benson Upah, confirmed the outcome, while…

In the wake of the Bank of Agriculture’s (BOA) landmark $1 billion facility agreement, renewable energy firm Community Energy Social Enterprise Limited (CESEL) has publicly congratulated the bank and formally proposed a strategic partnership to deploy solar-powered irrigation systems to farmers nationwide. The $1 billion facility, secured by the BOA under its Managing Director, Mr. Ayo Sotirin, is aimed at…

From 4th to 10th September 2025, more than 35,000 delegates and 2,000 exhibitors from across 140 countries converged in Algeria’s capital, Algiers, for the 4th Intra-African Trade Fair (IATF2025). Convened by the African Export-Import Bank (Afreximbank), the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, IATF 2025 brought together continental and global players to showcase…