Business

The Federal Airport Authority of Nigeria (FAAN) has commenced tollgate payment or E-Tags payment for all travellers at the 24 Federal Airports nationwide, starting from Friday, May 17, 2024. The authority disclosed this on its official X handle at midnight Thursday, May 16, 2024. According to FAAN, the development complies …

Abbey Mortgage Bank Plc has been cleared of allegations regarding insider trading during a closed period, as initially stated in the Nigerian Exchange’s X-Compliance Report. After a review of the circumstances surrounding the case, the Nigerian Exchange (NGX) has decided not to enforce any penalties against the bank. The initial …

Emirates will resume services to Nigeria from 1 October 2024, operating a daily service between Lagos and Dubai, and offering customers more choice and connectivity from Nigeria’s largest city to, and through, Dubai. The service will be operated using a Boeing 777-300ER. EK783 will depart Dubai at 0945hrs, arriving in …

As reported on this page last week , the National Pension Commission (PenCom) recently issued the maiden Consumer Protection Framework for the Nigerian pension industry. Previously, we highlighted pension consumer rights and enforcement mechanisms as captured in the Framework. In this publication, we continue the discussion on the key highlights of the …

Governor of Osun State Governor, Senator Ademola Adeleke, has advised Globacom and other telecoms companies to strengthen ties with the states, which he describes as subnational entities  where the company’s market lies. The Governor  who made the remarks when he received a Globacom team in his office in Osogbo, also …

Group reports best-ever financial performance with record profit of AED 18.7 billion (US$ 5.1 billion), up 71% from last year, record revenue, and record level of cash assets. Group revenue increased 15% to a new high of AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand across its businesses. …

LAUTECH Convocation lecture 1: Bode Ojeniyi, Group Managing Director, Sky Capital & Financial Allied Company Limited, representative of Dr. Taiwo Afolabi, Chairman, SIFAX Group delivering the 16th LAUTECH Convocation Lecture recently. LAUTECH Convocation lecture 2: L-R: Prof. Funke Olagunju, Head of Department, Agric Economics and Extension, LAUTECH; Oliver Omajuwa, Deputy Director, Strategic …

Genesys Engineering Services Limited, GESL, an indigenous power solutions provider in Nigeria is a leading power firm in Nigeria. Over the years, it has become widely known that Nigeria faces a pressing challenge – Energy Poverty. It is no longer news that millions of Nigerians, up to 55% of our …

L-R: Onur Kursun, Executive Vice President & Head of Transfer Solutions, Eastern Europe, Middle East & Africa, Mastercard; Funmi Afolabi, Group Head, Payment and Remittances, Access Bank; Robert Giles, Senior Banking Advisor, Retail, Access Bank; Chizoma Okoli, Deputy Managing Director, Access Bank; Mark Elliott, Division President, Africa, Mastercard, and Folasade …

The exchange rate between the naira and the dollar reached an intra-day high of N1,515 on Monday, according to data from FMDQ, where currencies are traded officially. This represents the worst intra-day high in nearly two months as Nigeria continues to grapple with demand pressures and a globally stronger dollar. …