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Cadbury Nigeria lists 402m shares worth N7m on NGX

The Nigerian Exchange Limited has acknowledged an additional 402,082,657 ordinary shares of 50 Kobo each per share of Cadbury Nigeria Plc on its platform. This was disclosed in the NGX’s weekly report, according to Nairametrics. The report stated that Cadbury converted the N7,036,446,501.26 intercompany loan into equity resulting in an additional share to be listed […]

News

Lagos builders must obtain permits for renovation

Renovating buildings in Lagos requires a permit from the Lagos State Physical Planning Permit Authority for activities such as retiling, re-plastering, and other aesthetic improvements, in line with the Lagos State Physical Planning Permit Regulations, 2019. Applications for the renovation must be submitted to LASPPPA together with details of the refurbishment and all prior planning […]

News

Bolaji Balogun appointed as Unilever chairman

The board of directors of Unilever Nigeria Plc has appointed Mr. Bolaji Balogun as Independent Non-Executive Director and Chairman of the Board of the company. In addition, the company has named Ngozi Edozien as an independent non-executive director of the firm. This was disclosed in a notice filed by the company to the Nigerian Exchange Limited and the investing […]

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Why banks must prioritize cybersecurity – NDIC

The Chief Executive Officer of the National Deposit Insurance Corporation, Bello Hassan, has called on bankers in the country to pay attention to cybersecurity. This disclosure was made by Hassan at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd president/chairman of the council of the Chartered Institute of Bankers of Nigeria in Lagos. […]

News

AfDB considers $1bn investment in Nigeria’s power sector reforms

The African Development Bank has announced its intention to invest $1 billion in a policy-based operation fund with a significant energy component aimed at supporting the ongoing power sector reforms in Nigeria. This was disclosed by the vice president on Power, energy, and climate change at the AfDB, Kevin Kariuki at the 8th edition of […]

News

Infrastructure deficit, weak policy impeding Nigeria, says Adesina

The President of the Africa Development Bank Group, Akinwumi Adesina, has ascribed a huge infrastructural deficit and weakness in the implementation of the industrial and trade policy, to the factors responsible for the gap in Nigeria’s industrial journey. This was disclosed by Adesina, represented by the Director General, Nigeria Country Department at the AfDB, Lamije […]

News

Tank farm catches fire in Lagos as NNPCL denies ownership

A tank farm, formerly known as OVH said to belong to the Nigerian National Petroleum Company Limited has caught fire in Marine Beach, Apapa. This was disclosed by the Director of Public Affairs of the Lagos State Fire and Rescue Service, Amodu Shakiru, according to the Punch. Shakiru said that the fire department was already […]

Airtel Nigeria to Build West Africa’s largest data centre to rival MTN
Telecommunications

Airtel Africa gains N665bn in a day as NGX recovers

Alex Omenye Airtel Africa on Thursday, saw an impressive trading day, with 1.009 million shares exchanged, resulting in a significant boost to the group’s market value, which surged by N665 billion to reach N8.08 trillion. This marks an 8.97% increase from the previous day’s value of N7.41 trillion. Airtel’s stellar performance played a pivotal role […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
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Binance: Gambaryan’s release from Kuje prison denied

The Federal High Court, Abuja, denies the bail application of the detained Binance executive, Tigran Gambaryan, on Friday amid the Federal Government’s opposition. Gambaryan’s lawyer, M. Mordi, had requested an order for his client to be granted bail pending the hearing and determination of the money laundering case brought against him by the Economic and […]

Travel

UAE launches 10-years blue resident visa

The government of the United Arab Emirates has announced a ten-year Blue Residence Visa for individuals who have made exceptional contributions to environmental protection to promote the culture of sustainability and environmental protection. This was disclosed by the Prime Minister of UAE Sheikh Mohammed bin Rashid Al Maktoum, on Friday, according to BT. He said, […]

FAAN begins sale of E-tags for federal airports
News

FAAN begins sale of E-tags for federal airports

The Federal Airports Authority of Nigeria (FAAN) has declared the commencement of E-tag sales, allowing entry into the 24 federal airports nationwide, starting today, May 17, 2024. This announcement was disseminated through a statement shared on FAAN’s official social media account, formerly known as Twitter. As per the statement, the sale of E-tags is in […]