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By Seun Ibiyemi The Transportation Correspondents Association of Nigeria (TCAN) is set to hold its 2025 Transportation Summit, an annual event that provides a platform for stakeholders’ interaction on pertinent issues affecting the nations transportation sector. In a statement released by the TCAN Transport Summit Organising Committee, this would be the second edition of the ...
By Seun Ibiyemi Telecommunication operators across Nigeria have temporarily suspended all SIM card registrations, replacements, and related services due to a nationwide disruption caused by an ongoing platform migration. The Association of Licensed Telecommunications Operators of Nigeria (ALTON), which represents the country’s mobile network operators (MNOs), disclosed on Tuesday that the disruption stems from a ...
Ecobank Nigeria has unveiled a new flagship branch exclusively dedicated to Premier Banking clients, reinforcing its commitment to delivering bespoke services to high-net-worth individuals (HNWIs). Located at No. 25 Akin Adesola Street in Victoria Island, Lagos, the new branch is designed to offer top-tier personalised banking services in a refined setting. Clients will enjoy access ...
Interswitch, a leading integrated payments and digital commerce company, has unveiled its latest Masterbrand television commercial (TVC), launched as part of a wider marketing campaign grounded in its enduring ‘Never Stop’ philosophy. The new TVC, presented during an official launch event, serves as the centrepiece of a campaign that seeks to reaffirm the company’s role ...
...Programme to begin next academic year...Joint Nigeria–OECS committee to finalise modalities President Bola Ahmed Tinubu has announced the introduction of a scholarship scheme for students from the Organisation of Eastern Caribbean States (OECS) to pursue studies at Nigerian universities, with the first cohort scheduled to begin in the next academic session. This was disclosed in ...
TAJBank Limited, one of Nigeria’s leading non-interest financial institutions, has continued its strong performance streak with the announcement of a 20 kobo per share dividend to shareholders for the 2024 financial year. In a statement issued on Monday in Abuja, the bank’s Founder and Chief Executive Officer, Hamid Joda, confirmed the dividend payout, describing it ...
The Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, CON, has formally inaugurated the newly reconstituted Governing Board of the Nigerian Ports Authority (NPA), reinforcing the Federal Government’s commitment to revitalising the maritime sector as a cornerstone of economic development. The inauguration ceremony, held on Monday at the Ministry’s Conference Room in Abuja, ...
By Seun Ibiyemi Debt service payments by developing countries soared by 74 billion dollars in 2024 from 847 billion dollars to 921 billion dollars, a new UN report has shown. The report, ‘Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing’, was launched on Friday by UN Deputy Secretary-General Amina Mohammed. Mohammed was joined ...
The National Information Technology Development Agency (NITDA) has proposed a Digital Competence framework and Career Progression model for attractive public service roles and rewarding careers. The Director-General of NITDA, Malam Kashifu Inuwa was quoted as saying this in a statement issued over the weekend by Mrs Hadiza Umar, Director, Corporate Affairs and External Relations, NITDA, Abuja. ...
Economic experts have linked Nigeria’s $3.73 billion balance of payments (BOP) surplus in the first quarter of 2025 to the depreciation of the naira and the ramp-up of domestic fuel production from the Dangote Refinery. In its report, the apex bank stated that data from Q1 2025 shows a current account surplus of $3.73 billion, ...
The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. Elombi, who was appointed on Saturday, becomes the fourth President to lead the Bank since its establishment in 1993. His appointment was one of the key ...
The Founder and Chairman of Heirs Holdings, Mr Tony Elumelu, says there is a need for solid financial institutions to support the private sector to drive economic transformation in Africa. Elumelu said this at the 32nd Afreximbank Annual Meetings 2025 in Abuja on Friday , while speaking on “Decades of Delivering on a Shared Aspiration. ...
By Seun Ibiyemi The Nigerian Content Development and Monitoring Board (NCDMB) and Dangote Petroleum Refinery and Petrochemical Company have formally inaugurated a Joint Technical Committee (JTC) to strengthen local content implementation during the operational phase of Africa’s largest refinery. The inauguration, held at the Dangote Free Trade Zone in Ibeju-Lekki, Lagos, included the signing of ...
President Bola Ahmed Tinubu today signed into law 4 Tax Bills that are set to revolutionize Nigeria's tax administration
The Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Petroleum Refinery and Petrochemical Company on Tuesday inaugurated a Joint Technical Committee (JTC) aimed at advancing local content implementation during the operational phase of the 650,000 barrels per day refinery plant The inauguration ceremony which took place on Tuesday at the Dangote Free Trade ...
By Seun Ibiyemi The Nigerian Airspace Management Agency (NAMA) has issued a seven-day ultimatum to oil and gas operators across the country, demanding full compliance with the mandatory payment of helicopter landing levies for air navigation services or risk punitive measures, including the suspension of flight clearances. In a statement signed by its management, NAMA ...
By Seun Ibiyemi The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has said that bridging the gender gap in financial inclusion could lift up to 700,000 Nigerians out of poverty by the end of the decade. Speaking in Lagos on Wednesday at the United Capital Asset Management Investment Forum, Dr Agama ...
...Launches investment-backed strategy to power Africa’s economic integration By Seun Ibiyemi Africa is making a strategic push to tap into a projected $712 billion digital trade market by 2035 through the African Continental Free Trade Area (AfCFTA), marking a significant shift toward tech-enabled growth, economic integration, and financial independence. Speaking at the 2025 Afreximbank Annual ...
President Bola Tinubu will, on Thursday, sign into law four groundbreaking tax reform bills that will transform Nigeria’s fiscal and revenue framework. This was disclosed in a statement by the Special Adviser on Information and Strategy, Mr Bayo Onanuga today. The four bills, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue ...
For the first time in its history, Dangote Cement Group has reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of N1.38 trillion, marking a 56 per cent year-on-year increase and surpassing the N1 trillion mark. Earnings per share also rose by 12.3 per cent to N29.74, compared to N26.47 in 2023. In line with ...
The Federal Competition and Consumer Protection Commission (FCCPC) is set to arraign MultiChoice Nigeria Limited, its Chief Executive Officer John Ugbe, and several directors of the company for allegedly obstructing an ongoing investigation and failing to comply with official summons regarding its pay-TV services. According to court documents marked FHC/ABJ/CR/197/2025, filed by the FCCPC legal ...
By Sodiq Adelakun The Lagos State Government has officially launched the Lagos Identity Project, a smart digital house-numbering scheme aimed at transforming property identification and enhancing public service delivery across the state. The initiative was unveiled on Tuesday in Alausa by the Special Adviser to the Governor on Enterprise Geographic Information System (e-GIS), Dr Olajide ...
By Seun Ibiyemi Ecobank Nigeria, a subsidiary of Ecobank Group, has been selected as one of five Nigerian banks to participate in the GET.Invest Enabling Domestic Green Energy (EDGE) Finance Programme. The initiative, funded by European donors, aims to scale up green energy financing and investment across developing nations. A statement by the bank on ...
