SEC bans independent directors from taking executive roles
SEC bans independent directors from taking executive roles In a major regulatory move, the Securities and Exchange Commission (SEC) has banned public companies and key capital market operators from converting…
NCC okays USSD fee deduction from customers airtime
NCC okays USSD fee deduction from customers airtime Nigerian deposit banks will from June, 2025 deduct fees for unstructured supplementary service data transactions (USSD) transactions directly from the customers’ airtime.…
Elumelu increases stake in UBA with N43.9bn shares
Elumelu increases stake in UBA with N43.9bn shares Tony Elumelu, Chairman of the Board of United Bank for Africa Plc, has acquired 1.27 billion shares worth N43.9 billion of the…
Nigeria attracts $800mn investment in Lithium processing – minister
Nigeria’s solid minerals sector, driven by the Tinubu administration’s new policy of local value addition and a tightened licensing regime, attracted over $800 million in processing projects last year. The…
Mbah moves to ease Enugu business environ, eyes $30bn GDP
As part of of his efforts to a $30bn GDP growth target, Enugu State Governor Peter Mbah has inaugurated a 25-man Ease-of-Doing-Business Council. Inaugurating the council Mbah, who is also…
Access shareholders to get N125bn dividend
Shareholders of Access Holdings Plc have approved a total dividend of N125.3bn for the financial year ended December 31, 2024. The approval was granted at the company’s Annual General Meeting…
Gov Sule, woos Dangote group for investments opportunities
Governor Abdullahi Sule of Nasarawa State has urged Dangote Industries Limited to deepen its footprint in the state by exploring investment opportunities across critical sectors of the economy. According to…
UBA 75: Shettima, Elumelu count gains as Bank’s assets hit N30.4trn
The Vice President, Senator Kashim Shettima, has extolled what he termed the staying power of the United Bank of Africa (UBA Group) in the past 75 years, describing the financial…
Policy to stabilise food prices under way — Shettima
The Federal Government is set to launch the National Agribusiness Policy Mechanism (NAPM) to strengthen agricultural productivity, stabilise food prices, and drive economic growth. The NAPM is part of broader…
Insurance industry grows by 61% in Q3, 2024 — NIA
The Nigerian Insurance Association (NIA) says the local industry expanded by 61 percent as of the third quarter of 2024. This was disclosed by the Chairman of the NIA, Kunle…
















