Business

The Airline Operators of Nigeria (AON) has imposed a lifetime no-fly ban on Ms. Comfort Emmanson, an Ibom Air passenger, after a violent incident aboard flight Q9 303 from Uyo to Lagos on August 10, 2025. AON spokesperson, Professor Obiora Okonkwo, announced the decision on Monday, following a review of Ibom Air’s report on the matter. He praised the airline…

The equities market section of the Nigerian Exchange Limited (NGX) on Monday began the trading week in positive territory, resulting in investors gaining N79 billion. The Nigerian Exchange Limited All-Share Index (NGX ASI) gained by 125.86 basis points or 0.09 per cent to close at 145,880.77 basis points while, the overall market capitalisation value rose by N79 billion to close…

The World Bank has approved $300 million to fund a new project aimed at improving access to services and economic opportunities for internally displaced persons (IDPs) and their host communities in northern Nigeria. In a statement on Monday, the Washington-based organisation said the Solutions for the Internally Displaced and Host Communities Project (SOLID) was approved on August 7. World Bank…

The Nigerian Exchange’s (NGX) Insurance index has recorded a remarkable 41 per cent gain week-on-week ((WoW), driven by the passage of a new law requiring insurance companies to raise fresh capital and making insurance for property and other assets mandatory. This significant growth has outpaced the broader market, with the NGX All-Share Index rising by 3.18 per cent. The new…

Nigerian Breweries Plc , Champion Breweries Plc, and International Breweries generated 53.2 per cent revenue growoth in half year (H1) ended June 30, 2025 amid high cost of living in Nigeria. According to the H1 2025  unaudited result and accounts, the three companies generated N1.09 trillion revenue in H1 2025 from  N711.58 billion reported in H1 2024. The double-digit inflation…

The Director General of the Securities and Exchange Commission (SEC) Nigeria, Dr. Emomotimi Agama has been elected as Vice Chairman of the Africa/Middle East Regional Committee (AMERC) of the International Organization of Securities Commissions (IOSCO). By this election, Agama is to serve on the Board of IOSCO, the highest decision making organ of the global securities regulatory organization till 2026.…

 The Dangote Petroleum Refinery has firmly dismissed recent reports alleging a shutdown of its operations, reassuring the public and market stakeholders that its activities remain fully active and stable.  In an official statement by the Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery’s management categorically denied claims that truck loading has been suspended or that production has been…

The Nigerian Communications Commission (NCC) has expressed grave concern over the increasing damage to telecommunications infrastructure nationwide, revealing that MTN, Airtel, 9mobile, and other telecom operators now record an average of 1,100 fibre cuts every week. This was disclosed by the Executive Vice Chairman of the NCC, Dr. Aminu Maida, during the Critical National Information Infrastructure (CNII) and Sustainability Conference…

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has emphasised the need for collaboration between the bank and the Nigeria Deposit Insurance Corporation, NDIC, to mitigate risks in the financial sector and ensure depositor confidence. Cardoso said the CBN counts on NDIC’s support to proactively deal with potential shocks by leveraging modern tools for financial stability…

The Nigerian equities market on Wednesday extended its bullish run, as sustained investors’ confidence drove the market capitalization to hit N92 trillion. This positive momentum underscores growing optimism around the resilience of market fundamentals and corporate earnings potential. As a result, the All-Share Index rose by 1,017.49 basis points or 0.70 per cent, to close at 145,813.86 basis points. Similarly,…