Business

The National Information Technology Development Agency (NITDA) has launched the second cohort of the IgniteHer Bootcamp for Women Entrepreneurs, a strategic initiative aimed at accelerating gender inclusion and economic empowerment through digital innovation. The bootcamp, themed “Empowering Women Entrepreneurs for Growth and Innovation”, was launched in partnership with the Japan International Cooperation Agency (JICA) and brought together selected women entrepreneurs…

In a major technological leap for intra-African trade, the Pan-African Payment and Settlement System (PAPSS) is now accessible via Leo, United Bank for Africa’s (UBA) artificial intelligence-powered chatbot. This integration enables customers to make cross-border payments directly through digital platforms like WhatsApp and Facebook Messenger, marking a new era of 24/7 real-time financial transactions across the continent. PAPSS, developed by…

By Kunle Sanni – The Federal Government, through the Ministry of Marine and Blue Economy, is set to unlock over $2 billion in maritime investments under the newly launched Nigeria–China Strategic Partnership (NCSP) initiative. The initiative was formally presented to the Minister of Marine and Blue Economy, Adegboyega Oyetola, during a courtesy visit by the NCSP delegation led by its…

The Nigerian Civil Aviation Authority has suspended two pilots of domestic carrier, ValueJet, following a serious breach of aviation safety protocols at the Nnamdi Azikiwe International Airport, Abuja. In a statement issued on Tuesday, and signed by the Director of Public Affairs and Consumer Protection to the NCAA, Michael Achimugu, the Agency confirmed receiving reports that the pilot “commenced departure…

The equities market on Tuesday maintained its positive swing as bullish sentiment in BUA Cement Plc and 51 others pushed the overall capitalization up by N458 billion. The All Share Index (ASI) gained by 724.59 points, representing a growth of 0.50 per cent to close at 144,796.37 points. Also, market capitalisation rose by N458 billion to close at N91.608 trillion.…

Ecobank Transnational Incorporated (ETI) has announced the sale of its shares in Ecobank Mozambique S.A. to FDH Bank Plc, a financial institution listed on the Malawi Stock Exchange. The bank announced its exit from Mozambique in a statement filed with the Nigerian Exchange Limited (NGX) on Tuesday. The company secretary, ETI, Mr. Madibinet Cisse said the sale is a strategic…

The managing director of First HoldCo Plc, Wale Oyedeji has expressed that the company will divest N323.4 billion worth of shares currently held by RC Investment Management Ltd., a special purpose vehicle (SPV) involved in a recent stake transfer. Oyedeji spoke during an investor call in Lagos, according to a report by Bloomberg on Monday. The managing director said the…

..to open Owerri, Abuja, Port Harcourt in coming weeks.  NOVA Bank has announced its intention of a strategic shift in its operating license from a national to a regional authorisation, a move, which according to the Bank is aimed at optimising operational efficiency and deepening its impact within key markets. The management of the Bank noted that the repositioning aligns…

The Naira at the foreign exchange market closed on Monday at N1,533.85 against the dollar from N1,535.50 it closed last week. This means the local currency depreciated against the dollar by 0.11per cent at the Central Bank of Nigeria (CBN)’s Nigerian Foreign Exchange Market (NFEM) window. The naira  last week appreciatedby 1.2per cent in its Week-on-week (w/w) to N1,520.00 against…

The Federal Airports Authority of Nigeria (FAAN), in collaboration with Airports Council International (ACI) Africa, has commenced a five-day onsite training on Aircraft Recovery Management in Abuja. The training, which began on Monday, August 4, 2025, is taking place at The Palms Hotel, Abuja, and is expected to run through August 8. It brings together aviation professionals from across Africa,…