Business & Economy - Page 93

The Association of Telecommunication Companies of Nigeria (ATCON) has applauded the federal government’s decision to approve hikes in call and data tariffs, while investing in the sector’s infrastructure. ATCON’s president, Mr Tony Emoekpere, told the News Agency of Nigeria (NAN) in

The Securities and Exchange Commission (SEC) has expressed its commitment to enhancing the regulatory framework for borrowing by governments and corporate entities. SEC’s Director-General, Dr Emomotimi Agama, said this in a statement issued on Wednesday – yesterday, January 8 – in

The Federal Ministry of Aviation and Aerospace Development has clarified its stance on the revival of the National Carrier project, stating that it has no mandate as yet to revive the botched Nigeria Air deal with Ethiopian Airlines. In a statement

By RUKAYAT ADEYEMI The domestic bourse on Tuesday – yesterday, January 7 – broke its winning streak with a loss of N152 billion, following investors’ sell-offs of Tier-one banking stocks. Notably, losses in Zenith Bank, United Bank for Africa (UBA), Access Corporation,

By RUKAYAT ADEYEMI (NAN) Guaranty Trust Holding Company Plc (GTCO) has successfully completed the first tranche of its equity capital raise programme, Mr. Segun Agbaje, the bank’s CEO said on Monday – yesterday, January 6. This followed the completion of the capital verification exercise conducted

The Nigerian Social Insurance Trust Fund (NSITF) has developed a comprehensive programme for the integration of the informal sector into the Employees Compensation Scheme( ECS), its Managing Director, Oluwaseun Faleye, said in a statement on Sunday – yesterday, January 5 –  by NSITF

By RUKAYAT ADEYEMI The Securities and Exchange Commission (SEC) has said it will intensify efforts to eliminate Ponzi and pyramid schemes, thereby fostering an environment for genuine investment opportunities to thrive in 2025. Dr Emomotimi Agama, the Director General of SEC, said

Former Gov. Emeka Ihedioha of Imo, alongside other prominent persons, has proffered solution to the dearth of arable land in the state. They spoke on Friday – yesterday, January 3 – at the Mbaise Policy Roundtable (MPR) 2025 Annual Global Summit

By Chijioke Kingsley Abuja (Sundiata Post) – The Nigerian National Petroleum Company Limited, NNPCL, says the 150,000 barrels per day, bpd, Port Harcourt Refinery and Kaduna Refinery are currently undergoing a total overhaul designed to meet world-class standards. According to the NNPCL,

The Nigerian stock market experienced impressive growth in 2024, driven by key macroeconomic developments. These include banking sector recapitalisation, new listings and increased crude oil revenues, which helped to reduce the country’s fiscal imbalance. Notable listings, such as Geregu Power Plc, Transcorp