Business

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has congratulated to the newly Managing Director and the Executive Director Operations of the Nigeria Deposit Insurance Corporation (NDIC) on their appointments and expressed optimism about deepening collaboration between the two institutions. Speaking on Wednesday at the CBN…

Samsung has reported a significant drop in its second-quarter (Q2) 2025 operating profit, with figures plunging by 55 per cent year-on-year to KRW 4.7 trillion ($3.4 billion), as the company grappled with a downturn in the semiconductor sector. Samsung made this known in its second quarter report made available on…

Access Bank Tanzania has presented the Power of 100 Africa Women Award to President Samia Suluhu Hassan of the United Republic of Tanzania, in recognition of her exceptional leadership, inclusive governance, and contributions to national and regional development. The award was formally presented during a courtesy visit to the State…

The Corporate Affairs Commission (CAC) has postponed the enforcement of new fees and penalties on its upgraded registration portal to September 1, 2025. In a public notice, the Commission explained that the decision was taken in response to transitional challenges faced by users, including difficulties in downloading documents, processing payments,…

The domestic equity market on Wednesday returned to positive growth, appreciating by N378 billion as bulls dominated the trading activities during the day. Market capitalization of listed equities increased by 0.49 per cent to N76.179 trillion from N75.801 trillion reported on Tuesday. The NGX All Share Index also appreciated by…

In a heart warming display of corporate social responsibility and solidarity, a consortium of Nigerian Bank CEOs, has pledged significant support to alleviate the suffering of flood victims in Niger State The Executive Governor of Niger State, Governor Mohammed Umaru Bago on Saturday in Abuja received relief materials from the…

Trading on the floor of Nigerian Exchange (NGX) on Wednesday closed Northward, appreciating by N1.185 trillion as bulls continued to dominate the market.   Market Capitalization of listed equities increased by 1.57 per cent to N76.761 trillion from N75.576 trillion reported on Tuesday.   The NGX All Share Index also…

The Managing Director of the Nigerian Railway Corporation (NRC), Dr. Kayode Opeifa, has declared that the administration of President Bola Ahmed Tinubu will invest more in the country’s rail transport sector within the next two years than all past Nigerian governments combined.   Opeifa made the statement at the 11th…

Global foreign direct investment (FDI) fell by 11%, marking the second consecutive year of decline and confirming a deepening slowdown in productive capital flows, according to the World Investment Report 2025, released today by UN Trade and Development (UNCTAD) on 19 June. Although global FDI rose by 4% in 2024…

The Nigerian Electricity Regulatory Commission (NERC) has issued a new directive requiring all grid-connected Power Generation Companies (GenCos) to fully integrate their operations with the National Supervisory Control and Data Acquisition (SCADA) system by Dec. 31.The News Agency of Nigeria (NAN) reports that (SCADA)/Energy Management System (EMS) serves as the…