The Nigerian Civil Aviation Authority (NCAA), has awarded the Air Operator’s Certificate (AOC) to business aviation firm, Falcon Aerospace Limited, doing business as VivaJets, amidst the firm’s rapid global expansion. An AOC allows an airline or charter operator to use an aircraft for commercial purposes. It is a crucial...
BUSINESS
Telecom subscribers in Anambra, Ebonyi and Enugu States have rued the recent increase in telecommunication tariffs by the Federal Government noting that it was not commensurate with the services provided. The subscribers interviewed in a News Agency of Nigeria (NAN) survey on the impact of the tariff hike in...
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate has announced its financial results for the year ended December 31, 2024. Consistent with its results track record, the Group sustained its strong growth trajectory across its financial indicators, reinforcing its market leadership and strategic positioning. In its...
MTN Nigeria, a telecoms service provider, has launched its ‘Go Make A Difference’ (Go M.A.D) campaign in Ibadan, to inspire Nigerians to take action for community development. MTN Southwest’s Regional Manager for Customer Operations, Adebajo Onafowa, spoke at the event on Saturday. He emphasised that the aim was to...
The Nigerian stock market on Friday witnessed a downturn as performance indices declined by 0.23 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N151 billion or 0.23 per cent to N66.717 trillion from N66.868 trillion recorded on Thursday. Also, the All-Share Index dropped by 0.23...
By CHRISTIANA LOT, jos – Plateau State’s internally generated revenue (IGR) hit a record ₦31.14 billion in 2024, surpassing the ₦30 billion mark for the first time. The state government has now set an ambitious ₦52 billion target for 2025. The Executive Chairman of the Plateau State Internal Revenue...
The United Bank for Africa (UBA), on Wednesday, celebrated the graduation of 1,138 young professionals from its Graduate Management Accelerated Programme (GMAP). The News Agency of Nigeria (NAN) reports that the graduation ceremony for the class of 2025 GMAP held in Victoria Island, Lagos. The trainees, who underwent a...
The stock market on Tuesday witnessed a downturn as performance indices declined by 0.52 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N345 billion or 0.52 per cent to N66.942 trillion from N67.287 trillion recorded on Monday. Also, the All-Share Index dropped by 0.52 per...
Nigeria’s telecommunications sector has witnessed a robust recovery, with active subscriptions surging to 169.3 million in January 2025, up from 164.9 million in December 2024. The Nigerian Communications Commission (NCC) made this known in an industry statistics on its website. The telecoms regulator said that this robust recovery followed...
The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has commended the NNPC Retail Ltd. for slashing the price of Premium Motor Spirit (PMS), known as petrol from N920 to N875 per litre. PETROAN said the bold move was expected to alleviate the financial burden on Nigerians amidst rising...
Dangote Cement has reported a 62.2 per cent revenue growth, reaching N3,580.6 billion in 2024. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) also grew by 56.0 per cent to N1,388.2 billion, with a 38.6 per cent margin. Arvind Pathak, Chief Executive Officer and Group Managing Director...
The Job Creation and Micro, Small and Medium Enterprises (MSMEs) Secretariat (Office of the Vice-President) has announced that the overall winner of the 2025 MSMEs Award will receive a car, a house, a shop, and a cash prize worth N220 million. Senior Special Assistant to the President on Job...
Banks have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive. The News Agency of Nigeria (NAN) correspondent who monitored some banks’ ATM gallery in Abuja and environs on Sunday, reports that some customers were lamenting...
The Naira appreciated in the official market on Friday, trading at N1,492.49 against the Dollar. Data from the Central Bank of Nigeria (CBN) website showed the Naira gained N6.57. This marks a 0.44 per cent increase compared to Thursday, Feb. 27, when it closed at N1,499.07 to the Dollar....
The stock market closed the week on a positive note on Friday, with market value growing by N91 billion. Specifically, market capitalisation which opened at N67,102 trillion, closed at N67,193 trillion, gaining N91 billion or 0.14 per cent. Similarly, All-Share Index improved by 146 points or 0.14 per cent...
The African Export-Import Bank (Afreximbank) has announced the launch of its new documentary series titled “Impact Stories.” A statement issued on Friday in Abuja by Vincent Musumba, Afreximbank’s Communications and Events Manager, stated that the documentary aimed to showcase the bank’s developmental impact across various sectors and countries in...
By EZEKIEL OBI, Abuja – The Federation Accounts Allocation Committee (FAAC), has shared the sum of N 1.703 trillion revenue among the Federal Government, states and the Local Government Councils (LGCs) for January. Director, Press and Public Relations, Office of the Accountant-General of the Federation (OAGF), Mr. Bawa Mokwa,...
The Minister of Communication and Digital Economy, Dr Bosun Tijani, has said the 50 per cent tariff increase for telecom companies will guarantee meaningful access to telecoms services for Nigerians. The minister said this while briefing State House Correspondents on Thursday. The minister had led Mr Sunil Mittal, Chairman,...
The stock market on Thursday experienced a slight downturn, with overall market performance declining by 0.11 per cent. This marginal decline resulted in investors losing a significant N77 billion. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N77 billion, or 0.11 per cent, to N67.102 trillion from...
President Bola Tinubu, on Thursday, said the telecoms sector’s regulatory framework and operations would be reviewed to reflect global best practices, with a greater focus on protecting infrastructure. Tinubu spoke at a meeting with an Airtel delegation led by Mr Sunil Mittal, Chairman, at the State House, Abuja. “I...