Business

The Nigerian Communications Commission (NCC) has issued a set of key performance indicators for the quality of service of all telecommunications companies in the country.  The new QoS Regulations 2024 just released by the Commission sets specific parameters for the different network segments of the telcos covering 2G, 3G, and 4G and it focuses on parameters such as Drop Call…

Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has said that the Commission has implemented various initiatives to reduce time to market with the aim of improving the efficiency and attractiveness of the Nigerian capital market, promote economic growth and development. The SEC DG who spoke during an interview weekend, said these initiatives include streamlined registration processes,…

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed facing significant financial challenges due to mounting debts to petrol suppliers, raising concerns about the sustainability of fuel supply across Nigeria. In a statement released on Sunday, Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, acknowledged the company’s financial strain, which has been exacerbated by the high costs of Premium…

The National Association of Nigeria Travel Agencies (NANTA) said it plans to engage in discussions with representatives from Emirates Airlines regarding the recent decision to sell flight tickets in dollars to Nigerian customers. The Central Bank of Nigeria in its Act of 2007 stated inter-alia that, “the currency notes issued by the Bank shall be legal tender in Nigeria…for the…

The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL) over alleged corruption.. The decision, approved by CBN Governor Olayemi Cardoso on Friday, marks the latest in a series of layoffs at the apex bank since his assumption of office last year. The sacked NIRSAL…

The Chief Corporate Communications Officer of the Nigeria National Petroleum Company Limited (NNPC), Mr Olufemi Soneye, led a delegation of officials of the company on a condolence visit to the family of the late Chairman of the Senate Committee on Downstream, Senator Ifeanyi Ubah Dr. Mrs. Uchenna Ubah, the widow of the Anambra legislator., received the delegation. Senator Ubah passed…

The Nigeria Civil Aviation Authority (NCAA) has begun an investigation into the recurring delays of British Airways flights at Nnamdi Azikiwe International Airport, Abuja. In a statement issued on Friday and signed by Michael Achimugu, the NCAA’s Director of Public Affairs & Consumer Protection, the authority disclosed it was alerted to the issue after flights arriving and departing from Abuja…

In demonstration of its commitment to social impact, Access Holdings Plc has taken another significant step towards empowering vulnerable children through education. As part of its longstanding partnership with Bethesda Child Support Agency, the Human Resources and Executive Office team of Access Holdings Plc, as part of its Corporate Social Responsibility (CSR) program, acquired and formally handed over two coaster…

Nigerian equities market on Thursday delivered a positive performance as the overall capitalization rose by N118 billion, reflecting renewed investors optimism. The All-Share Index (ASI) rose by 204.23 basis points or  0.21 per cent to close at 96,407.88 points. Also, market capitalisation gained N118 billion to close at N55.379 trillion. The upturn was driven by price appreciation in large and…

In an unprecedented move set to revolutionize the African media landscape and boost local content production, the Advertising Regulatory Council of Nigeria (ARCON) has taken a bold step towards establishing the continent’s first indigenous stock image bank named the Nigeria Stock Image Bank (NSIB). The Image Bank is expected to engage over 100,000 photographers, 10,000 models, content creators and other…