Shareholders have kicked against the N436.5 billion paid to the Asset Management Corporation of Nigeria (AMCON) by seven banks as banking sector resolution costs in 2024. Some of the shareholders, who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said that the levy had negative consequences on shareholders’ funds. Mrs Bisi…
Gov Uba Sani has commended the World Bank for striving to be part of Kaduna State’s success stories. Sani has also promised that the state can be a model for effective donor agencies’ and the bank’s funded projects in Nigeria, with its strengthened systems and consistent leadership. The Governor spoke when he received the Regional…
Access Holdings Plc. says it generated N642.22 billion as profit for the year ended Dec. 31, 2024. This is a 3.7 per cent increase from the N619.32 billion it generated in 2023. The company made this known in a corporate disclosure through the Nigerian Exchange Group on Wednesday in Lagos. It also proposed a final…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed NIMASA to begin the disbursement process for the Cabotage Vessel Financing Fund (CVFF). Oyetola issued the directive in a statement on Tuesday by Dr Bolaji Akinola, Media and Communications Adviser to the Minister. The minister said the CVFF disbursement would yield significant benefits, including…
The National Information Technology Development Agency (NITDA) has signed a Memorandum of Understanding (MOU) with SecDojo, a French-based cybersecurity training and upskilling company to build cybersecurity resilience and an academy. Mrs Hadiza Umar, Head, Corporate Affairs and External Relations of NITDA said this in a statement on Tuesday in Abuja. Umar said the Director-General of…
The Federal Competition and Consumer Protection Commission (FCCPC), has raided and sealed some shops at Utako market for selling re-bagged and under-weight bags of rice. Sealing the shops in Abuja on Tuesday, Mrs Boladale Adeyinka, the Director, Surveillance and Investigations Department of FCCPC, said the raid followed an intelligence gathered by the Commission. She said…
Ericsson, a multinational telecommunications company says its reported sales in the first quarter of 2025 were 55 billion sek (N9,060 trillion), with adjusted gross income increasing to 26.7 billion sek (N4,400 trillion). In a statement on Tuesday, Ericsson said that the reported sales and gross revenue were driven by sales growth and strong gross margin…
The Transmission Company of Nigeria (TCN) says it has restored bulk power supply through its 132 Kilo Volt (KV) Owerri-Ahoada transmission line to the national grid. Mrs Ndidi Mbah, TCN’s General Manager, Public Affairs in a statement in Abuja on Monday said that the line was connected to the grid on April 11, at about…
Dangote Petroleum Refinery says it has began exporting refined petroleum products to many African, European, American and Asian markets. The Deputy Regional Director, South East, Dangote Cement, Mr Ayirioritse Okerentie, made the disclosure at the ongoing 36th Enugu International Trade Fair on Dangote Special Day. The regional director listed the products to include aviation fuel…
Prof Kingsley Moghalu, President and Vice Chancellor of the African School of Governance (ASG) has been selected as keynote speaker for the 2025 Harvard University’s Africa Development Conference (ADC) Summit. This is contained in a letter to Moghalu by organisers of the annual summit that would be held at the Harvard University Campus in Cambridge,…
