NGX: Investors' Wealth Dips by N1.4 Trillion
The Nigerian Exchange Limited (NGX) started the week with a significant downturn, as investors' wealth declined by N1.376 trillion amid losses in key stocks like MTN Nigeria and GTCO.
Category : Business
Air Canada Plane Collides with Fire Truck, Two Pilots Dead
An Air Canada plane collided with a fire truck at LaGuardia Airport, killing two pilots and injuring dozens. Separately, a Colombian Air Force crash kills many soldiers, sparking political debate.
Legend Internet and Spectranet Merger to Boost Broadband
Legend Internet Plc plans to merge with Spectranet, Nigeria's largest ISP, pending regulatory approvals. The deal aims to enhance network capacity and expand coverage, potentially reshaping the competitive landscape amid rising costs and mobile operator p
Ikeja Electric Links Power Drop to Gas Shortage
Ikeja Electric attributes reduced electricity supply to a nationwide decline in power generation due to limited gas supply to thermal plants, affecting grid allocations.
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Oil Drops 14% as Petrol, Diesel Prices Worsen Citizens' Plight
Crude oil prices fell over 14% due to eased Middle East tensions, but Nigerians grapple with petrol at N1,261-N1,400 per litre and diesel nearing N1,800, driving inflation and business strain.
SEC Gives Six-Week Deadline for Capital Rules Compliance
The Securities and Exchange Commission has issued a six-week ultimatum to market operators to submit recapitalization or license downgrade plans under new stricter capital requirements.
Nigeria-UK Port Deal Risks Debt, Says Economist
An economist criticizes the Nigeria-UK port agreement, claiming it will leave Nigeria indebted and benefit British industries, while a senator praises Tinubu's diplomatic efforts.
Tinubu Hails Elumelu on 63rd Birthday as Business Leader
President Bola Tinubu congratulates Tony Elumelu on his 63rd birthday, praising his role as an African business icon and philanthropist through the Tony Elumelu Foundation.
Elumelu Foundation Disburses $100M to 24,000 Entrepreneurs
The Tony Elumelu Foundation has disbursed over $100 million in seed capital to more than 24,000 entrepreneurs across Africa since 2010, with 80% successfully scaling beyond early stages.
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FairMoney MFB Appoints Shobo as Chairman, Aderoju as ED
FairMoney Microfinance Bank has appointed Gbenga Shobo as Chairman and Debo Aderoju as Executive Director to strengthen governance and support expansion in Nigeria's digital finance sector.
FG Inaugurates PenCom Board for N28 Trillion Pension Assets
The Federal Government has inaugurated the PenCom board, charging members to uphold corporate governance and safeguard over N28 trillion in pension assets under the Contributory Pension Scheme.
Lovonus Microfinance Bank Names Usman Onoja Chairman
Lovonus Microfinance Bank appoints Usman Onoja as chairman, succeeding Alfred Okoigun, who transitions to lead the Lovonus Group after a decade of transformative leadership.
Entrepreneurs: Women's Empowerment Key to Economic Growth
Business leaders at an International Women's Day forum in Lagos call for special interventions to overcome barriers facing women entrepreneurs, citing access to finance and policy constraints as critical issues.
Oil Falls, Shares Rebound After Trump's War-End Comment
Oil prices dropped sharply and stock markets rebounded after U.S. President Donald Trump announced talks with Iran to halt the Middle East conflict, easing fears of prolonged war and energy crisis.
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NIPR Meeting to Probe PR's Role in Food Security
Over 2,000 delegates will gather in Kaduna for the Nigeria Public Relations Week to analyze how strategic communication can enhance food security from policy to practice.
Transit, MRO Gaps Hinder Nigeria's Aviation Growth
Debo Adewolu of Embraer highlights that Nigeria's aviation growth is hampered by poor transit facilities and lack of maintenance infrastructure, forcing airlines to ferry aircraft abroad for repairs.
Why Splitting TCN Won't Solve Nigeria's Electricity Crisis
Analysis argues that unbundling the Transmission Company of Nigeria under state control perpetuates inefficiency, calls for full privatisation and renewable energy adoption to boost the economy.
HR Firm Stresses Need for Structured Workforce Systems
HumanManager, an HR and payroll technology company, highlights the growing importance of structured workforce systems in today's evolving business climate, emphasizing AI integration and compliance in dynamic markets.
TUC Slams Firm for Sacking 75 Workers Amid Mediation
The Lagos TUC demands Global Plus Publishing recall 75 sacked workers, citing breach of mediation with the Federal Ministry of Labour and Employment.
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Book Highlights Olowo's Role in Nigeria's Financial Transparency
A new book explores Dr. Rabiu Olowo's leadership at the Financial Reporting Council of Nigeria, emphasizing his efforts to enhance transparency, institutional reform, and public sector financial discipline through strategic regulatory governance.
NCS, SON, NPA, NAFDAC Integrated into Single Window Platform
Key Nigerian agencies including NCS, SON, NPA, and NAFDAC have achieved full integration into the National Single Window platform ahead of its launch, with government funding to boost digital capacity and enhance trade efficiency.
Otti to Unveil Ultimum Manufacturing Plant in Aba
Abia State Governor Alex Otti will commission Ultimum Limited's new beverage production facility in Aba, boosting local manufacturing and creating jobs in the region.
Babatunde Elected Chairman of ICSAN Lagos Chapter
Adebola Babatunde has been elected as the new Chairman of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), Lagos State chapter, during its annual general meeting. He succeeds outgoing chairman Efosa Ewere, who highlighted the
Legacy Shave: Shark Tank Pitch Leads to $7M Valuation
Legacy Shave, featured on Shark Tank in 2022, has grown into a thriving company with a $7 million valuation and $1.9 million annual revenue, despite the on-air deal with Lori Greiner not closing after filming.
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Fried Green Tomatoes Shark Tank Update: Post-Show Journey
Discover how Fried Green Tomatoes, the Southern food truck business, has fared since securing a $200,000 deal with Barbara Corcoran on Shark Tank, including franchising and current operations.
Nigerian Doctors' Net Income: Abroad vs Home Analysis
A detailed analysis of how taxes, licensing fees, and cost of living impact Nigerian doctors' net income abroad compared to Nigeria, revealing financial trade-offs.
Gold Investment: N680k Purchase to Current Market Value
A Nigerian woman who purchased gold for N680,000 in 2023 shares the current market price, highlighting investment trends and economic insights for local investors.
Bank Power Outage in Nigeria Sparks 'End Times' Remark
A Nigerian man's routine bank visit turned unusual when a generator fuel outage caused a blackout, prompting him to declare 'end times are near' and sparking widespread social media reactions.
FG Charges PenCom Board to Safeguard N28 Trillion Pension Assets
The Federal Government has charged the new PenCom board to uphold corporate governance and ensure the safety of over N28 trillion in pension assets, emphasizing transparency and public confidence.
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Baruwa Takes Over NURTW, Unseats MC Oluomo
Tajudeen Baruwa has assumed control of the National Union of Road Transport Workers, displacing Musiliu Akinsanya as president following court rulings affirming his legitimacy.
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