Business

Africa’s richest man, Aliko Dangote, has sealed $2.5bn agreement with the Ethiopian government to build a fertilizer plant that could reshape the country’s agriculture-driven economy. Under the agreement signed in Addis Ababa on Thursday, Dangote will own 60per cent of the facility, while the remaining 40per cent will be held by the state-owned Ethiopian Investment Holdings (EIH). The project will…

Stakeholders in the nation’s science, technology and innovation sector are set to hold the inaugural National Conference on Science, Technology and Innovation Communication (STICOMMSLOC) in collaboration with the African University of Science and Technology (AUST), Abuja. The chairman, Local Organization Committee of the conference, Dr. Bosco Okolo-Obi, speaking at a press briefing on Wednesday at the university premises said the…

Access Holdings Plc has appointed Mr. Innocent Ike as its substantive Group Managing Director/Chief Executive Officer (GMD/CEO), effective August 29, 2025, following regulatory approval. The move comes just hours after Roosevelt Ogbonna stepped down from the company’s board in line with new corporate governance rules. Ike’s appointment signals a new phase under the chairmanship of Aigboje Aig-Imoukhuede, who returned to…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its commitment to energy transition, decarbonisation, and strategic international partnerships at the Brazil-Nigeria Bilateral Business Forum held in Brasília, Brazil. Speaking on Monday, August 25, 2025, during the New Industries and Energy Transition Session, Mr. Udy Ntia, Executive Vice President, Upstream, NNPC Ltd., outlined the company’s alignment with President Bola…

 Enforcing its zero tolerance for auto crashes, the Dangote Articulated Trucks Drivers Training School (DATDTS), in collaboration with the Federal Road Safety Corps (FRSC), is implementing stricter entry requirements for aspiring drivers. This development comes as Dangote Cement Plc undertakes the recertification and screening of all its truck drivers at the company’s Obajana plant in Kogi State. Speaking to newsmen…

 Nigeria’s capital market is poised for transformative growth following the enactment of the Investment and Securities Act (ISA) 2025, which is expected to propel the market toward a N300 trillion valuation. This was the central message delivered by Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), during a high-level meeting with President Bola Ahmed Tinubu and the…

The Manufacturers Association of Nigeria (MAN) has kicked against the reintroduction of the four per cent free on board (FOB) charge by the Nigeria Customs Service (NCS), warning that the policy would significantly raise the cost of importing raw materials, machinery, and spare parts not available locally. On February 4,2025, the NCS announced plans to implement a 4 percent charge…

Access Holdings Plc on Wednesday announced the resignation of its Non- Executive Directors Mr. Roosevelt Ogbonna from the Board after three and half years of dedicated service. The lender on a filing on the Nigerian Exchange Limited (NGX) noted thaat Ogbonna continued to serve as the Managing Director/Chief Executive Officer of  Access Bank Plc, the Company’s flagship subsidiary. The Company…

The Central Bank of Nigeria (CBN) has issued a directive to Deposit Money Banks (DMBs), mobile money operators, and other licensed participants in the Nigerian payments’ ecosystem, mandating full migration to the ISO 20022 standard for payment messaging by October 31. ISO 20022 is a global standard for financial messaging — that is, the format and structure of electronic data…

The equities market section of the Nigerian Exchange Limited (NGX) on Tuesday sustained its bullish momentum closing higher for the third consecutive session as sustained interest in Beta Glass Plc and 25 others pushed the overall capitalization up by N204 billion. The All-Share Index rose by 321.59 basis points or 0.23 per cent, to close at 141,761.36 basis  points. Similarly,…