CAP Plc appoints executive director, company secretary
CAP Plc announces the appointment of a new executive director and a company secretary, effective immediately, to strengthen its management team.
Category : Business
Jaiz Bank Regulatory Penalties Surge to N530.9 Million
Jaiz Bank's regulatory penalties surged to N530.9 million in 2025, a 1,220% increase from N40.2 million in 2024, driven by new CBN sanctions.
Jigawa Council Approves ₦2.4 Billion for Agriculture, Education
Jigawa State Executive Council approved over ₦2.4 billion for greenhouses, compensation for urban renewal, and student welfare, including uniforms for 23,800 girls.
NCDMB to launch oil and gas trainers certification
The Nigerian Content Development and Monitoring Board (NCDMB) will launch a certification programme for oil and gas trainers to enhance local skills and industry standards.
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SME Growth Requires More Than Capital, Says Expert
Access to capital alone is insufficient for SME growth; factors like infrastructure, policy, and skills are critical, according to George Ogbonnaya.
Soaring Gas Prices Force Nigerians to Buy Small Quantities
Despite rising costs, millions of Nigerians still rely on cooking gas. Many now buy small quantities or switch to charcoal as prices surge due to supply deficits and currency issues.
Nigeria unveils world-class mineral province in Kaduna
Nigeria announced a world-class polymetallic mineral province in Kaduna with platinum, gold, lithium, and rare earths, verified by NGSA. Revenue from mining rose to N70 billion in 2025.
Nigeria's Petrol Price Hits ₦1,596 per Litre in May: NBS
Nigeria's average petrol price rose to ₦1,596 per litre in May 2025, a 6.5% increase from April, according to the National Bureau of Statistics.
Lafarge Changes Name to HBM Nigeria Plc
Lafarge Africa Plc rebrands to HBM Nigeria Plc, unveiling a new corporate identity to align with its global parent company's strategy. The change reflects a unified vision.
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Oil Price Volatility Shapes Nigeria's Economic Outlook
Oil price volatility remains a key driver of Nigeria's economic performance, affecting fiscal revenue, foreign reserves, and growth prospects, according to recent analyses.
Supreme Court to Launch E-Filing and Digital Case Management
The Supreme Court of Nigeria will unveil an electronic filing system and digital case management platform on 1 July, announced Chief Registrar Kabir Akanbi, aiming to modernize justice administration.
Zenith Bank Opens New Branch in Osubi, Delta State
Zenith Bank has opened a new branch in Osubi, Delta State, expanding its network to better serve customers and support economic growth in the region.
CBN Freezes Accounts of Six Terrorism Financing Suspects
The Central Bank of Nigeria has ordered banks to freeze accounts linked to six individuals and companies suspected of financing terrorism, following a court order.
Extreme heat drains 4-8% of city GDP, costs women $57bn yearly
Extreme heat drains up to 8% of city GDP and costs informal sector women $57 billion annually, with impacts set to triple by 2050, a new HERA report warns.
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Akwa Ibom oil communities demand gas flaring accountability
Oil-producing communities in Onna LGA, Akwa Ibom, demand stronger accountability from oil companies on gas flaring and PIA implementation, citing environmental and health impacts.
REA Commissions Solar Mini-Grid for Five Lagos Communities
The Rural Electrification Agency has commissioned a solar mini-grid to provide electricity to five communities in Lagos State, impacting over 1,000 households and businesses.
Ethiopia FDI: From Growth to Conflict-Driven Risk Repricing
Ethiopia's FDI inflows dropped from $4.1B peak to $3.7B in 2022, as conflict and debt pressures reshape investor confidence and industrial park viability.
Zedvance Finance Appoints Three New Directors to Board
Zedvance Finance Limited has appointed three new independent non-executive directors to bolster its board and drive growth in Nigeria's consumer finance sector.
FG Hands Over Enugu Airport to Private Operator
The Nigerian government has officially handed over the Akanu Ibiam International Airport, Enugu, to a private operator under a 30-year concession agreement aimed at improving infrastructure and services.
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NITDA, Meta Partner for Youth Online Safety
NITDA and Meta launch a partnership to enhance online safety for Nigerian youth, focusing on digital literacy and data protection.
Nigeria's Brand Crisis: Reforms Undermined by Leadership Failures
Nigeria's brand has weakened due to institutional decline, poor governance, and unguarded public statements, undermining economic reforms and investor confidence.
Digital Payments Empower Nigeria's 39 Million MSMEs on MSME Day
Nigeria has over 39 million MSMEs contributing 48% of GDP. PalmPay's digital ecosystem and Hustle Grant help businesses scale, as highlighted on World MSME Day.
Cornerstone Insurance Profit Drops 54.6% on Naira Reversal
Cornerstone Insurance's post-tax profit fell 54.6% in 2025 as foreign exchange gains reversed from N30.8bn to -N6.1bn, following naira devaluation impacts.
Providus, Unity Bank to Begin Joint Operations After Merger
Providus Bank and Unity Bank have received regulatory approval to merge, with joint operations starting immediately. The merger aims to strengthen the combined entity's financial standing and market reach.
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UBA Chairman Tony Elumelu Reflects on Early Career Scepticism
Tony Elumelu recounts being called a 'joker' for acquiring Crystal Bank in 1997, later merging it with UBA. He advises entrepreneurs to view business as a marathon, not a sprint.
Nigeria reaffirms commitment to domestic revenue mobilisation
Nigeria cannot rely on external funding for development, Finance Minister Taiwo Oyedele said, reaffirming commitment to domestic revenue mobilisation reforms at an Abuja workshop.
CBN, Trade Ministry Urge Private Sector Input for AfCFTA
Nigeria's CBN and Trade Ministry call for stronger private-sector participation in policy to reduce cross-border trade barriers and accelerate AfCFTA implementation.
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How to Fund Your Child's Education Abroad in Nigeria
Learn how to fund your child's education abroad in Nigeria with structured plans like Leadway Education Target Plan, offering flexibility and protection.
Former FCMB Banker Returns After 7 Years, Shows Welcome Pack
Dr David Ephraim Mathias, a former FCMB employee, returned to the bank after seven years and shared his welcome pack on LinkedIn, calling it a fruitful homecoming.
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GTBank Staff Promoted After 3 Years, Shares Inspiring Story
Samuel Shobande, a GTBank employee, celebrates promotion from Executive Trainee to Assistant Banking Officer after three years, highlighting consistency and praise from leaders.
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