Following the success of its Lagos-London route, Air Peace now connects passengers from Abuja, Asaba, Benin, Enugu, Owerri, Warri, and read more Air Peace now connects passenger from Abuja, Asaba, Enugu others to London

Mohamed Buba Marwa, chairman of the National Drug Law Enforcement Agency (NDLEA), on Monday, commissioned a new operational facility built read more Marwa commissions new NDLEA facility built by UK government

read more BusinessDay 17 Apr 2024

Lagos, the most populous city in Africa has been ranked 5th among 20 wealthiest cities in the continent with 4,200 read more Lagos drops from 4th to 5th among wealthiest cities in Africa

The Kaduna State House of Assembly on Tuesday set up a committee to investigate the financial transactions, loans, and contracts read more Kaduna assembly sets up committee to probe El-Rufai

Aminu Gwadabe, president, Association of Bureaux De Change Operators of Nigeria has said BDC operators now sell US dollars at read more We now buy dollars at N980, sell at N1020 – BDCs president

Out of seven listed Nigerian banks, Guaranty Trust Holding Company (GTCO) Plc, United Bank for Africa (UBA) Plc, and Zenith read more Five banks with highest increase in loan writedowns

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Nigeria’s public debt has been growing steadily in recent years, reaching a significant level of N97.34tn (US$108.23bn pegged at N899.39/$) as of 31 December 2023, according to the Debt Management Office (DMO). The total public debt stock includes the combined domestic and external borrowings of the Federal Government of Nigeria (FGN), state governments, and the [...] The post Nigeria’s Total Public Debt Rises As FX Challenges Ease first appeared on Business Today NG.

Kwara State Governor AbdulRahman AbdulRazaq on Tuesday said the administration is always open for partnerships and engagements that attract investments and pave the way for local processing of solid minerals in the state. He also said that the government is committed to making the ease of doing business a major selling point for Kwara in [...] The post Kwara Open For Collaborations To Process Solid Minerals Locally – Gov AbdulRazaq first appeared on Business Today NG.

No fewer than 120 women from the six south west states are to get the sum of N60 million from The Renewed Hope Initiative, a social intervention programme of the wife of the President, Mrs. Oluremi Tunubu. Mrs. Tinubu, who disclosed this on Tuesday at the launch of the Renewed Hope Initiative Women Agricultural Support [...] The post First Lady Launches Renewed Hope Initiative Programme For South West Women In Abeokuta first appeared on Business Today NG.

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 [...] The post Dangote Crashes Diesel Price To N1,000 Per liter first appeared on Business Today NG.

Governor Ademola Adeleke has approved the appointment of Dr Wale Bolorunduro as chairman of Living Trust Mortgage Bank Plc. The letter of appointment, dated 8th April 2024 and signed by the Secretary to the State Government, Hon Teslim Igbalaye reads as follows: “I present to you the very warm compliments of the government and people [...] The post Gov Adeleke Appoints Bolorunduro Chairman Of Living Trust Mortgage Bank first appeared on Business Today NG.

The International Monetary Fund (IMF) says global growth in 2024 and 2025 is projected to hold steady at 3.2 per cent, at the same pace as in 2023. This is according to the IMF’s latest World Economic Outlook (WEO) Update Report for April 2024: “Steady But Slow: Resilience Amid Divergence” released on Tuesday in Washington [...] The post IMF Projects Steady Global Growth At 3.2% In 2024, 2025 first appeared on Business Today NG.

Key Performance Highlights: In line with other Nigeria-based banks, Zenith Bank also exhibited solid FY23 performance, with the gross earnings jumping 125.4% YoY to N2,131.7 billion and the net profit almost tripling to N676.9 billion. The growth in gross earnings was primarily marked by a 111.9% YoY growth in interest income, further supported by a [...] The post Zenith Bank Delivers A Strong FY23 Performance first appeared on Business Today NG.

The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against popular Instagram celebrity Pascal Okechukwu also known as Cubana Chief Priest for allegedly spraying and tampering with the naira at a social event contrary to the provisions of the Central Bank Act of 2007. Cubana Chief Priest will be arraigned on Wednesday, [...] The post EFCC To Arraign Cubana Chief Priest On Wednesday For Abuse Of Naira first appeared on Business Today NG.

The Nigerian Civil Aviation Authority (NCAA) has suspended the permit of three private jet operators for engaging in commercial flights.  The Acting Director General of the NCAA, Chris Najomo, announced the suspension of the three private operators in a riot act read to all airlines on Tuesday. The NCAA boss said the Minister Aviation and Aerospace [...] The post NCAA Suspends Three Jet Operators Over Commercial Flights  first appeared on Business Today NG.

Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) today, the bank grew Gross Earnings by 64.9% YoY to N555.83 billion, driven by 81.6% growth [...] The post Fidelity Bank Grows Profit By 112.9% To N99.45b In 2023 first appeared on Business Today NG.

The All Progressives Congress (APC) has said that all 16 aspirants jostling to fly its flag in the Nov. 16 governorship election have been screened and cleared to contest in the party’s primary on April 20. Alhaji Sulaiman Arugungu, the party’s National Organising Secretary said this on Monday in Abuja while presenting Clearance Certificates to [...] The post APC: Gov Aiyedatiwa, Oke, Ibrahim, Akinterinwa,12 Other Aspirants Cleared For April 20 Ondo Governorship Primary first appeared on Business Today NG.

The OPEC+ oil producers group, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next decade. An African industry official and sources told Reuters on Tuesday. TotalEnergies (TTEF.PA), opens new tab and Shell (SHEL.L), opens new tab in recent years have made discoveries estimated at 2.6 [...] The post OPEC Woos Namibia As African Nation Prepares To Produce From 2030 first appeared on Business Today NG.

A chieftain of the APC in Ondo State, Mr Femi Adekanmbi, says destiny has placed Gov. Lucky Aiyedatiwa as a governorship aspirant over others jostling for the seat in the state. Adekanmbi, in a statement on Tuesday in Akure, said the governor was ordained to lead the state, especially at this crucial time. The chieftain [...] The post Ondo 2024: APC Chieftain Says Destiny Has Placed Aiyedatiwa Over Other Aspirants first appeared on Business Today NG.

The Ministry of Industry, Trade and Investment says it has begun disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process. The government, through the Bank of Industry, had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and businesses across the country. In a [...] The post BREAKING: FG Begins Disbursement Of N200bn Palliative Loans first appeared on Business Today NG.

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The National Drug Law Enforcement Agency, NDLEA, on Tuesday 16th April 2024 destroyed a total of 304,436kg kilograms and 40,042 litres of illicit substances seized from parts of Lagos and Ogun states.Speaking at a brief ceremony where the seized drugs were publicly destroyed in Badagry Lagos, Chairman/Chief Executive Officer of the Agency, Brig Gen Mohamed [...] The post NDLEA Destroys 304,436kg, 40, 042 Litres Of Illicit Drugs Seized In Lagos, Ogun first appeared on Business Today NG.

Axxela Funding 1 PLC (“the Issuer”), a funding vehicle incorporated by Axxela Limited (“Axxela” or the “Company”), sub-Saharan Africa’s leading gas and power portfolio company, has achieved a significant milestone with the successful completion of its ₦16.4 billion Series 1 Fixed Rate Bonds due 2034 (the “Bond Issuance” or the “Transaction”). The Transaction was issued under its newly established ₦50 billion Multi-Instrument Issuance Programme (the “Programme”). Acting as the Lead Issuing House for the Bond Issue, Stanbic IBTC Capital, the [...] The post Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond first appeared on Business Today NG.

Police in Oyo State are on the trail of sponsors of Yoruba nation agitators who invaded government secretariat in Ibadan on Saturday. The agitators invaded the Oyo State House of Assembly complex located inside the secretariat and hoisted their flag there in an attempt to take over the assembly. Commissioner of Police in Oyo State, [...] The post Police Parade Yoruba Nation Agitators, Promise TO Apprehend Sponsors first appeared on Business Today NG.

Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. The competition is scheduled to hold between 24th – 28th May 2024 at the Ecobank Pan African Centre (EPAC) in Victoria Lagos. It is open to students [...] The post Ecobank Partners Nigeria Chess Federation To Host 2024 National Schools’ Team Chess Competition first appeared on Business Today NG.

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From left: Oluwatoyin Olajide, Chief Operating Officer, Air Peace; Dr Allen Onyema, Chairman, Air Peace; Miss Pelumi Nubi, Travel Content Creator; and Ejiro Eghagha, Chief of Administration and Finance, during Pelumi’s courtesy visit to Onyema at the airline’s head office in Lagos. The Chairman of Air Peace, Dr Allen Onyema, has applauded Solo Driver Pelumi [...] The post Onyema Commends Pelumi For London-Lagos Solo Drive, Offers Free London Flight Ticket first appeared on Business Today NG.

Iceland Honorary Consul to Nigeria has applauded the ongoing economic reforms being carried out by the administration of President Bola Tinubu.Iceland Honorary Consul to Nigeria, Jacky Hathiramani who stated his home government’s position at a press briefing in Abuja commended Nigeria for its economic decisions, including subsidy removal and exchange rate reform.While highlighting the positive [...] The post Iceland Lauds Nigeria’s Ongoing Economic Reforms first appeared on Business Today NG.

Dana Air, Nigeria’s foremost airline renowned for its commitment to Excellence, Innovation and Corporate Social Responsibility (CSR) has announced its sponsorship of the Cabin Crew Contest in Wiiyaakara, Rivers State in partnership with the Crew Training Institute (CTI)This initiative which is scheduled to hold on the 19th of April 2024 at the T-fad Hotel and [...] The post Dana Air Sponsors Cabin Crew Contest In Port Harcourt first appeared on Business Today NG.