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Business

Home Business Page 40
Nigeria’s foreign reserves soar to $38.448b in June – Reps
Posted inBusiness

Nigeria’s foreign reserves soar to $38.448b in June – Reps

The Chairman of the House Committee on National Planning and Economic Development, Prince Gboyega Nasir Isiaka, revealed that Niger's foreign exchange reserves increased from $32.9 billion at the end of…
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Posted by Taiwo Ayomide June 24, 2025
PAL Pensions hits over N1trn in AUM, marks two decades
Posted inBusiness

PAL Pensions hits over N1trn in AUM, marks two decades

PAL Pensions has achieved a major milestone, having reached N1 trillion in Assets Under Management (AUM). The company stated that this achievement represented 20 years of its steady growth within…
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Posted by Taiwo Ayomide June 24, 2025
Airlines to receive dry-leased aircraft as Air Peace acquires E190
Posted inBusiness

Airlines to receive dry-leased aircraft as Air Peace acquires E190

On the previous day, the Airline Operators of Nigeria (AON) announced that Nigerian airlines would begin to receive dry-lease aircraft from global lessors. The operators noted that this was enabled…
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Posted by Taiwo Ayomide June 24, 2025
Abuja communities bear the cost of defective installations, even as DisCo’s revenue soars
Posted inBusiness

Abuja communities bear the cost of defective installations, even as DisCo’s revenue soars

Daily Trust can report that the Abuja Electricity Distribution Company (AEDC) generated an impressive N881 billion from customers within its franchise area in Q1 2025, yet it has been accused…
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Posted by Taiwo Ayomide June 24, 2025
Prolonged legal processes, others that influence our operations – NDI
Posted inBusiness

Prolonged legal processes, others that influence our operations – NDI

On the previous day, the Nigeria Deposit Insurance Corporation (NDIC) pointed out that lengthy judicial processes and the enforcement of rulings concerning the corporation’s assets in cases involving banks undergoing…
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Posted by Taiwo Ayomide June 24, 2025
CITN president challenges tax professionals to enhance their digital skills
Posted inBusiness

CITN president challenges tax professionals to enhance their digital skills

Innocent Ohagwa, who has just taken office as the 17th President of the Chartered Institute of Taxation of Nigeria (CITN), has identified the absence of digital literacy and technical skills…
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Posted by Taiwo Ayomide June 23, 2025
Minister calls for innovation to unlock gas potential in Africa
Posted inBusiness

Minister calls for innovation to unlock gas potential in Africa

Ekperikpe Ekpo, the Minister of State for Petroleum Resources (Gas), has urged for regional cooperation and innovation to establish a robust African gas economy. While addressing the Africa Gas Innovation…
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Posted by Taiwo Ayomide June 23, 2025
Alawuba aims for judicial reforms to lower Nigeria’s financial risk profile.
Posted inBusiness

Alawuba aims for judicial reforms to lower Nigeria’s financial risk profile.

Oliver Alawuba, the Group Managing Director of United Bank for Africa Plc, has stated that judicial delays and other processes are exacerbating the financial risk profile of Nigeria's banking sector.…
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Posted by Taiwo Ayomide June 23, 2025
Why did the SEC prohibit Independent Directors from taking on the role of EDs?
Posted inBusiness

Why did the SEC prohibit Independent Directors from taking on the role of EDs?

The Securities and Exchange Commission (SEC) has provided an explanation for its ban on Independent Directors moving into Executive Director positions within the same company or group. According to the…
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Posted by Taiwo Ayomide June 23, 2025
TCN: 264 transmission towers have been vandalized over a period of 18 months
Posted inBusiness

TCN: 264 transmission towers have been vandalized over a period of 18 months

The Transmission Company of Nigeria (TCN) reported that 264 transmission towers were vandalized during 2024 and the first half of 2025. While addressing a Workshop for Energy correspondents organised by…
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Posted by Taiwo Ayomide June 23, 2025

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