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Zemedeneh Negatu criticized Nigeria's airline ownership structure, stating it hinders aviation sector growth. He emphasized that reliance on sole proprietorship is unsustainable for success in the industry.
A report indicates that 40% of Nigeria's family businesses are significantly reliant on their founders for leadership. This dependency poses a challenge for the continuity of these businesses in the long term.
Adani is set to divest a $1.4 billion stake in an Indian port to MSC, marking a significant foreign investment in the country's port infrastructure. This deal highlights the growing interest in India's logistics sector by international companies.
Flight operations have resumed at the Murtala Muhammed International Airport after disruptions caused by flooding. The Federal Airports Authority of Nigeria (FAAN) has successfully restored services at the temporary international terminal.
Neimeth International Pharmaceuticals Plc's shareholders have approved new funding to support the company's growth initiatives. This capital will help accelerate its expansion and complete a state-of-the-art manufacturing facility.
A report highlights Nigeria's lithium and copper resources as vital for the clean energy transition. It suggests that leveraging these minerals can help meet renewable energy demands and retain more value domestically.
Norrenberger Advisory Partners Limited reported advising on capital market transactions totaling approximately N609 billion in the first half of the year. This highlights significant activity in Nigeria's financial markets.
Nigerian small-business owners often mistakenly believe that tax collection is solely handled by the Corporate Affairs Commission. It's crucial for them to identify the specific authorities responsible for tax collection in their regions.
Nigerian retail investors often confuse absolute dividend payments with dividend yield, leading to misinformed investment decisions. Understanding this distinction is crucial for making informed choices in the investment space.
Lasaco Assurance Plc has paid out N17.60 billion in claims during its 2025 financial period. This move underscores the company's dedication to its policyholders and strengthens its reputation in the insurance sector.
WACT-APM Terminals Nigeria has appointed Courage Obadagbonyi as its first Nigerian Managing Director, effective July 1st. This move highlights the company's commitment to fostering local leadership.
LiquidCrest Microfinance Bank celebrates 30 years of providing financial services in Nigeria. The institution, formerly known as Owotutu Microfinance Bank, has supported individuals and traders throughout its journey.
Pathway Advisors Limited is leading a N300 billion Commercial Paper Programme for Pivot Integrated Energy Services Limited. This initiative highlights Pathway's commitment to advancing energy solutions in Nigeria.
Keystone Bank has partnered with the Akwa Ibom government to support persons with disabilities in Uyo. This collaboration aims to promote social inclusion and empower the disabled community.
The article emphasizes that effective communication will be more crucial than AI in shaping the future of work. It suggests that while AI is a hot topic, the focus should remain on enhancing communication skills.
Africa's wealthiest individual, Aliko Dangote, is increasing his investments in Tanzania, enhancing the country's industrial growth. This move follows a meeting with President Samia Suluhu Hassan, signaling strong economic collaboration.
Steve Maduka took a bold step by leaving his job at PHCN to establish Royal Hairs. His journey highlights the potential rewards of entrepreneurship in Nigeria.
Segilola Resources is committed to responsible mining and sustainable development, participating in the Africa Natural Resources and Energy Investment Summit in 2026. Their efforts aim to influence the future of sustainable mining in Africa.
CIFCFIN has expressed its disapproval of ICAN's certification process for forensic accountants, calling for a review. They have also petitioned the Association of Professional Bodies of Nigeria to suspend the CFAN certification program until legal clarifications are made.
Air Peace has reported flight delays due to a power surge impacting its IT infrastructure. The airline is addressing the technical issues to minimize passenger inconvenience.
Nigerian small and medium-sized businesses are increasingly looking to accept cryptocurrency payments as digital commerce grows. This shift presents new opportunities and considerations for the local market.
CEIBS Africa has called on Nigerian leaders to grasp the principles of Chinese business practices. This advice was shared during the induction of new members of its Nigeria Alumni Chapter in Lagos.
The EFCC has charged former managing directors Ahmed Dikko and Jimoh Yisawu with money laundering related to the Port Harcourt and Warri refineries. This move highlights ongoing efforts to combat corruption in Nigeria's oil sector.
itel Home Nigeria has expanded its presence to 112 locations, becoming the largest digital home appliance retail chain in the country. This growth reflects a significant achievement in the retail sector, offering quality products to consumers.
Bendoriks International Limited has secured a $7.5 million contract to supply 100,000 ultrasonic prepaid water meters for a project in Cross River State. This initiative aims to enhance water access for households in the region.
BAT, the UK tobacco leader, is set to cut 5,500 jobs globally as part of a restructuring plan. This move aims to save £600 million annually by 2028.
Dangote Group is exploring major investments in Tanzania's infrastructure, energy, and fertiliser sectors. The Group recognizes Tanzania as a key investment destination with potential for significant economic value.
UBA, Transcorp, and United Capital are highlighted as top stock choices for the week. Investors are advised to consult financial advisors before making decisions.
Nigeria plans to enhance its domestic production of veterinary medicines with a new manufacturing facility. Chromedix Pharmaceuticals Limited has proposed this initiative to the Federal Ministry of Livestock Development.
Unions of the Nigerian Meteorological Agency plan to halt aviation operations over a 10% non-remittance issue. This action is set to take place on Wednesday, July 1.