Latest in
By Matthew Denis, Abuja Lady Ada Chukwudozie, the Chairman of the Manufacturers Association of Nigeria (MAN) has decried the high interest rates and policy instability as factors affecting the Nigerian manufacturing sector. Lady Chukwudozie, who spoke to newsmen at the 2025 Annual Directors' Conference in Abuja on Thursday, stressed that drastic steps must be taken to ...
The Federal Government has expressed strong dissatisfaction with the quality of work executed by China Civil Engineering Construction Company (CCECC) on the rehabilitation of the Enugu–Port Harcourt Expressway (Aba-bound section), citing poor construction practices and non-compliance with approved standards. The Minister of Works, Sen. Dave Umahi, made this known during an inspection of ongoing federal ...
By Sofiyyah Layole Transcorp Hotels Plc has sustained its strong financial momentum into Q3 of 2025, ended September 30, 2025, reporting a 49 per cent rise in revenue to ₦72.31 billion from ₦48.49 billion recorded in the corresponding period of 2024. According to its unaudited financial results for the period disclosed to the Nigeria Exchange Group ...
By Seun Ibiyemi The Naira closed the trading week on a downward trajectory, depreciating to N1,475.35 per U.S. dollar at the official foreign exchange market on Friday. Data released by the Central Bank of Nigeria (CBN) confirmed this figure, which represents a 0.29 per cent decline, or a N4.32 loss, from Thursday’s exchange rate of ...
...says Directors must look beyond short-term fixes for survival By Olakunle Oke The Annual Directors’ Conference (ADC) has evolved into one of Nigeria’s most influential business events, bringing together key players from the public and private sectors to shape national economic direction, Otunba Bimbo Ashiru, Chairman of the National Planning for the 2025 ADC has ...
Nigeria has intensified its engagement with major international development partners in a renewed effort to attract foreign investments and strengthen its economic growth framework. This follows a high-level bilateral meeting between officials of the Federal Ministry of Finance and representatives of the Japan International Cooperation Agency (JICA) and the Multilateral Investment Guarantee Agency (MIGA), held ...
By Olakunle Oke The Federal Competition and Consumer Protection Commission (FCCPC) has commended the Central Bank of Nigeria (CBN) for its proposed directive mandating banks to refund customers for failed Automated Teller Machine (ATM) transactions within 48 hours. In a statement issued on Monday and signed by the Director of Corporate Affairs, Ondaje Ijagwu, the ...
By Seun Ibiyemi President Bola Tinubu has formally petitioned the House of Representatives for legislative approval to raise a total of $2.34 billion in external capital, a move critical to funding the 2025 budget deficit and executing key debt management strategies. Speaker of the House of Representatives, Hon. Abba Tajudeen, read the president’s request on ...
Ogun State Governor, Prince Dapo Abiodun, on Tuesday, inaugurated the first commercial flight of the Gateway International Airport, Ilishan Remo. The aircraft owned by Valuejet, with registration number 5N-BXS and 90 passengers on board, departed the airport at 10:10 a.m. to Abuja. Speaking at the airport located along the Iperu-Ilisan road in the Ikenne Local ...
The Corporate Affairs Commission (CAC) has announced the opening of Customer Service Desks nationwide for one week to commemorate 2025 Customer Service Week. The Registrar-General/CEO, CAC, Hussaini Ishaq Magaji stated this in Abuja while declaring open the 2025 Customer Service Week. Hussaini Ishaq Magaji represented by the Director Customer Service Department, Julius Deinma Anga said ...
By Seun Ibiyemi Polaris Bank Plc has restated its commitment to exceptional customer experience as it joins the global celebration of the 2025 Customer Service Week, themed “Mission: Possible.” The annual event, held from October 6 to 10, celebrates customer service professionals and their vital role in driving customer satisfaction and business growth. Speaking at ...
By Seun Ibiyemi Polaris Bank has reaffirmed its commitment to delivering exceptional customer experiences as it joins global celebration of the 2025 Customer Service Week, with the theme: “Mission: Possible”. The annual global event, which runs from Oct. 6 to Oct. 10 is dedicated to recognising the vital role of customer service professionals and the ...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has officially flagged off its annual Customer Service Week for the year 2025, embracing the global theme “Mission: Possible” to reaffirm its unwavering commitment to making the impossible possible for its customers across Africa and beyond. Every year, Customer Service Week celebrates the vital role of ...
Chairman of the Independent National Electoral Commission (INEC), Prof Mahmood Yakubu, has urged the National Assembly to urgently pass amendments to the nation’s electoral laws, warning that delays could derail preparations for the 2027 general elections. Yakubu issued the warning on Thursday in Abuja while receiving the European Union (EU) Election Observation Follow-up Mission led ...
By Seun Ibiyemi Access Bank Plc has launched the 2025 edition of its flagship Womenpreneur Pitch a Ton, offering over N17.5 million in grants to female entrepreneurs across Africa, alongside mentorship, business training, and networking opportunities. Applications for this year’s programme opened on September 19, 2025, and will close on October 3, 2025. The initiative, ...
President Bola Ahmed Tinubu used his platform at the inaugural Northern Nigeria Investment & Industrialisation Summit (NNIIS) 2025 on Monday to strongly assert the region's central role in the nation's economic rebound pushing back against recent suggestions that his administration's benefits are unfairly concentrated in the South. The President's keynote address, delivered by the Minister ...
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has swung from a ₦1.3 trillion deficit in 2023 to a ₦165 billion surplus in 2024 while raising the nation’s foreign reserves to $38.8 billion, according to an independent assessment by the Transparency Advocacy for Development Initiative (TADI). The policy think-thank commended Governor Yemi Cardoso’s reforms ...
The Federal Government has secured N250 billion funding for light rail projects in Kaduna and Kano states as part of President Bola Tinubu’s drive to boost infrastructure development across the country. Minister of Information and National Orientation, Mohammed Idris, disclosed this on Monday in Abuja at a world press conference ahead of Nigeria’s 65th Independence ...
...assures Nigerians of uninterrupted products supply The Federal Government has clarified that there will be no suspension of the Naira-for-crude oil initiative, simultaneously assuring Nigerians of an uninterrupted supply of refined petroleum products nationwide. The assurance follows a high-level meeting of the Steering Committee of the Domestic Crude Oil and Refined Products Sales in Local Currency ...
By Seun Ibiyemi Unity Bank Plc has clarified that the 34 percent equity stake previously held by the Asset Management Corporation of Nigeria (AMCON) was acquired by an existing shareholder of the bank, not by Providus Bank Limited. In a statement over the weekend, the Bank explained that the stake, representing over 4.004 billion shares, ...
NLNG in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB), on Friday achieved a major milestone in the Nigerian Content development commitment, with the close-out of Train 7 Project Human Capital Development (HCD) Advanced Training Programme, at the plant complex in Finima – Bonny Island. The training ends officially on 30th September 2025 ...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered its members to immediately cut gas and crude oil supply to the Dangote Petroleum Refinery, escalating its confrontation with the company’s management over alleged anti-labour practices. In a directive signed by the union’s General Secretary, Comrade Lumumba Ighotemu Okugbawa, branch chairmen in ...
As part of the state's ongoing investment drive in its various industrial clusters as well as to strengthen the state's digital Innovation hub, Ogun State Governor, Prince Dapo Abiodun, has visited China alongside his economic team, seeking expansion of the state's economy. A statement by Hon. Kayode Akinmade, Special Adviser to the Governor on Media ...
