Business

As part of its ongoing commitment to expanding Nigeria’s footprint in global trade, leading financial institution Fidelity Bank Plc has announced it will host a high-level panel session at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in USA. Themed “Financing For Scale – Unlocking Capital For Global Export Competitiveness,” the session will take place on Friday, 19…

The Federal Airports Authority of Nigeria (FAAN) has resumed direct revenue collection at the cargo terminals of the Murtala Muhammed International Airport (MMIA), Lagos, marking the first time in 15 years that the agency will oversee real-time revenue collection from cargo operations. In a statement signed on Friday by Mrs. Obiageli Orah, Director of Public Affairs and Consumer Protection, FAAN…

The Nigerian National Petroleum Company Limited (NNPCL) has reported revenue of N4.406 trillion in July 2025, a slight dip compared to N4.571 trillion in June. This is according to the recently released NNPC Limited Monthly Report Summary- July 2025. The company also posted a steep 79.6 per cent drop in profit after tax (PAT), sliding to N185 billion in July…

The National Information Technology Development Agency (NITDA) has commended Google, Microsoft, and TikTok for their continued compliance with the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries and for the submission of the 2024 compliance report. The Code which was issued jointly by the Nigerian Communications Commission (NCC), National Broadcasting Commission (NBC), and NITDA outlined clear guidelines for promoting…

By Kunle Sanni – The Chartered Institute of Stockbrokers (CIS) has called for stronger collaboration between the public and private sectors to realize President Bola Ahmed Tinubu’s target of building a $1 trillion economy. In a communiqué signed by its President and Chairman of Council, Oluropo Dada, the Institute said the target is achievable but requires coordinated efforts to deepen…

The domestic equities market depreciated by N2.8 trillion in four days as investors continue to take profit in highly capitalised companies quoted on the Nigerian Exchange Limited (NGX). The equities market capitalisation of over 150 companies closed trading on Thursday at N88.784 trillion, about N2.8trillion down from N91.561trilliion it closed for trading on Monday. Also, the NGX All-Share Index dipped…

In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) have announced the launch of N20 million AgriTech Investment Readiness Programme for 2025. This initiative aspires to identify, support, and finance Nigeria’s most promising agritech startups and Small- to Medium-sized Enterprises (SMEs). In collaboration with Heave Ventures, the…

The Securities and Exchange Commission (SEC) has once again raised the alarm over an unregistered investment outfit, GVEST Global, and its associated entities, warning Nigerians to steer clear of it because it operates like a Ponzi scheme. According to the capital market regulator, the company has been illegally parading itself as an investment adviser and fund manager while promoting unregistered…

The Nigerian Communications Commission (NCC) has expressed that it is partnering with Central Bank of Nigeria (CBN) to create a framework to standardise operations around airtime recharge. The CEO, NCC, Aminu Maida noted that subscribers have been complaining about not being refunded their money after failed recharge or airtime top-up, data depletion, and poor network. “When you recharge, you get…

The Nigeria Civil Aviation Authority (NCAA) has mandated that all passengers must switch off their phones during civil flights. This directive by the civil aviation regulator followed a recent controversial brawl that involved a passenger, Comfort Emmanson, and an Ibom Air flight attendant. Speaking during a press conference in Abuja on Tuesday, NCAA Director General, Chris Najomo, said all phones…