Business & Economy - Page 2

The Abuja Chamber of Commerce and Industry (ACCI), has reaffirmed its commitment to boosting women’s participation in business and trade for economic growth. Its Director-General, Mr Agabaidu Jideani, disclosed this at a virtual meeting to commemorate the International Women’s Day (IWD)

By Taiye Olayemi The stock market on Wednesday – yesterday, March 26 – recorded a downturn as performance indices declined by 0.11 per cent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N74 billion, or 0.11percent, to N66.140 trillion

Mactar Seck, Chief of Emerging and Frontier Technologies at the Economic Commission for Africa (ECA), presented a mixed view on taxing the ICT sector for economic growth and digital access. Speaking at the ECA’s 2025 Conference of African Ministers of Finance, Planning,

By Mike Abbah Nigeria’s money supply contracted for the first time in 2025, dropping to N110.32 trillion in February from N110.94 trillion in January. The 0.56% decline comes amid continued liquidity management by the Central Bank of Nigeria (CBN), following earlier

By Mike Abbah The National Pension Commission (PenCom) has approved nine Payment Solution Service Providers (PSSPs), including Interswitch, Awabah, and Pencentral, to facilitate pension contribution remittances in Nigeria. This move is part of the commission’s transition to an online Pension Contribution

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned the public against panic buying of petroleum products across the country. Dismissing insinuation that the temporary suspension of sales in naira by Dangote Refinery is the reason behind  panic buying

By Taiye Olayemi The stock market opened the week on Monday – yesterday, March 24 – on a positive note, with investors gaining N369 billion and performance indices rising by 0.56 percent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by

By Mike Abbah The Tony Elumelu Foundation (TEF) has unveiled a $15 million grant to support 3,000 young entrepreneurs across 52 African countries. The announcement was made by TEF Founder, Tony Elumelu, during the unveiling of the 2025 cohort of the

By Mike Abbah Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian