Business

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…

In furtherance of its commitment to enabling innovation that would deepen the capital market while guaranteeing the protection of investors, the Securities and Exchange Commission(SEC) has granted two (2) Digital Assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP).  The companies granted approval are Busha Digital Limited, Quidax Technologies Limited. Disclosing this in a statement in…

The Nigerian Minister of Aviation, Festus Keyamo, has announced that a significant Memorandum of Understanding (MOU) has been signed between Nigeria and The Boeing Company, one of the leading aircraft manufacturers in the world. The signing which took place in Seattle, Washington, featured key representatives from major Nigerian airlines, under the umbrella of the Airline Operators of Nigeria, and other…

The Central Bank of Nigeria (CBN) is set to re-issue N2.2 trillion worth of maturing Nigerian Treasury Bills (NTBs) in the fourth quarter of 2024. This is according to the newly released 2024 Issue Calendar by CBN. The re-issuance program is part of the government’s ongoing efforts to manage liquidity, sustain the financial market, and maintain economic stability. The calendar…

Domestic travellers paid 25 per cent more for air flights in July 2024, a new report by the Nigerian Bureau of Statistics (NBS) has said. The bureau in its Transport Fare Watch Report for July said domestic air fare rose by 25 per cent year-on-year (YoY) to ₦98,561.74 in July 2024 from ₦78.775.74 in July 2023. NBS said: “In air…

The management of Dangote Cement, Gboko Plant has declared that its host communities are critical stakeholders in its business operations and, as such, their developmental needs are given high priority. Gboko Plant Director, Louis Raj, emphasised the company’s unwavering commitment to the infrastructural and socio-economic development of the host communities. He assured that every segment of the host communities would…

The first trading session of the week closed on a positive note as the overall capitalisation rose by N37 billion, following buying interest in Okomu Oil Plc and 27 others. The Nigerian Exchange Limited All Share Index (NGX ASI) rose by 63.83 points or 0.07 per cent to close at 96,037.28 basis points. Also, market capitalisation gained N37 billion to…

The Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has arrived in Charleston, South Carolina, alongside the CEOs of major Nigerian airlines for a week-long engagement with Boeing. The visit, which follows an invitation from Boeing, will also include a trip to Seattle, Washington. In a statement released by Obafemi Bajomo, the Special Adviser to the Minister, it…