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An EFCC witness revealed that Union Bank acted as a guarantor in a foreign loan for Arik Air but did not lend the money. The witness stated that the proceeds were not used to settle Arik's foreign loan obligations.
Oando hosted officials from the Nigerian Institution of Petroleum Engineers to discuss the importance of localization for enhancing global competitiveness. The meeting highlights Oando's commitment to advancing the energy sector in Nigeria.
The article from BusinessDay discusses various business developments in Nigeria. It highlights trends and insights relevant to the current economic landscape.
AXA Mansard and Herconomy have renewed their partnership to support women empowerment in Nigeria. The initiative focuses on funding and mentorship for women-led businesses.
The CEO of Regent MfB highlights access to capital, trust in the financial ecosystem, and technology as key drivers for SME growth in Nigeria. These factors are essential for fostering a robust entrepreneurial environment.
The Pension Fund Operators Association of Nigeria (PenOp) has elected Donald Onuoha as its new president and appointed Okoro as CEO. This leadership change aims to enhance the association's effectiveness in managing pension funds.
NASCON Allied Industries Plc has announced a remarkable 200% increase in dividends for its shareholders. The company reported a profit of N33.5 billion, showcasing its strong financial performance.
The Argentil Group has launched a new corporate brand identity, signifying a significant milestone in its development. This move reflects the company's commitment to evolving in the investment and financial advisory sectors.
Glovo and various stakeholders are advocating for enhanced collaboration to foster inclusive growth for small and medium-sized businesses. This initiative aims to drive innovation within the e-commerce sector.
Globacom has launched two new TV commercials, 'Road Trip' and 'Department of Imagination', showcasing its dedication to seamless connectivity. The ads aim to engage and entertain viewers while promoting Glo's services.
i-Fitness has opened its 30th branch in Abuja, marking a significant milestone for the fitness chain. This expansion highlights the growing interest in health and fitness in Nigeria.
The article discusses the importance of agile regulation across various sectors, particularly telecom. It reflects on the transitions in life and the lessons learned from those who have passed on.
Tinubu praised Adenuga on his 73rd birthday, highlighting his achievements in Nigerian business. He believes Adenuga's success will inspire the younger generation.
The Argentil Group has launched a new corporate identity to signify a pivotal moment in its growth strategy. This rebranding aims to enhance its market presence and drive future expansion.
The deputy managing director of Access Bank is set to retire after significantly enhancing the bank's retail presence and customer base. Her contributions have notably strengthened the bank's offerings to small and medium-sized enterprises.
ND Western has achieved an impressive safety record of 39 million hours, emphasizing the importance of people over procedures. This milestone highlights the company's commitment to workplace safety as they join global observances for World Day for Safety and Health at Work.
Sunu Assurances Nigeria Plc is offering 2.07 billion ordinary shares worth N9.34 billion to existing investors. This move aims to strengthen its capital base and support growth initiatives.
United Capital Group has successfully completed the recapitalisation of its SEC-regulated subsidiaries. This move ensures compliance with the revised minimum capital requirements set by the regulatory body.
LemFi has announced a £100 million investment in the UK, establishing London as its headquarters. This move follows the recent UK-Nigeria State Visit, highlighting the company's growth from Nigerian roots to a global presence.
Drivers in Nigeria need to be aware of the essential facts regarding third-party motor insurance. Understanding these key points can help ensure compliance and protection on the road.
ALTON urges immediate regulatory action to address the suspension of Amairtime credit, which could impact millions of Nigerians. The telecom industry warns of significant market disruption and risks to the investment climate.
An EFCC witness testified that Arik Air repaid 38% of its foreign loans prior to its takeover by AMCON. This statement adds to the ongoing controversies surrounding the airline's acquisition in 2017.
Akwa Ibom State Government has announced the inaugural international flight for Ibom Air from Uyo to Accra. This marks a significant step in the expansion of aviation in the region.
Akwa Ibom State Government has set the date for Ibom Air's inaugural international flight to Accra. This marks a significant step in the expansion of aviation in the region.
BUA Foods Plc has achieved a market capitalization of N17.4 trillion, reclaiming its position as Nigeria's most valuable company. This milestone highlights the company's significant growth and market presence.
Applications for the Women in Tech Accelerator are closing soon, offering $10,000 grants to support women in the tech industry. This initiative aims to empower female entrepreneurs and innovators in Nigeria.
Infinity Trust Mortgage Bank Plc has reported a 56% increase in profit for the first quarter, driven by expanded lending activities. This strong performance highlights the bank's successful growth strategy in the mortgage sector.
STL Trustees Limited has successfully exceeded the N2 billion capital requirement set by the Securities and Exchange Commission. This achievement marks a significant milestone for the company as it establishes its market leadership at 30 years of operation.
The UPDC Real Estate Investment Trust is experiencing significant growth as more investors enter the market. This trend indicates a positive outlook for the REITs sector in Nigeria.
Vicky Haastrup has been awarded the Vanguard Woman Entrepreneur of the Year. She is the CEO of ENL Consortium Limited and chairperson of the Seaport Terminal Operators of Nigeria.