Category: Business News

President Bola Tinubu will visit Enugu on Saturday, January 4, 2025, for a state visit, during which he will commission several transformative projects that have been completed across the state. The announcement was made in a statement by Enugu State Governor, Peter Mbah, via his official X (formerly Twitter) account on Friday. Governor Mbah highlighted…

By Dinesh Balsingh As Nigeria continues its journey towards becoming a digitally driven economy, reliable telecommunications services remain the backbone of our collective progress. At Airtel Nigeria, we are committed to delivering world-class connectivity to millions of Nigerians, enabling economic growth, empowering businesses, and enhancing lives. We understand that the future technology needs of the…

By Dipo Olowookere Banking operations at the branches of most financial institutions in Nigeria will end earlier than expected today, Tuesday, December 31, 2024. The majority of them have sent messages to their customers to inform them of this development. Business Post sighted some of these notices sent by the banks to their customers via…

By Kestér Kenn Klomegâh The Group of 20 (G20) is an intergovernmental forum comprising 19 sovereign countries, the European Union (EU), and the African Union (AU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation and sustainable development, through annual meetings of Heads of State…

In 2024, African stock markets delivered a strong performance, with most indices across the continent experiencing significant growth. Notably, over ten key African indices closed the year in the green, with eight of them boasting impressive year-to-date gains of over 20%. However, this optimism coexisted with significant macroeconomic challenges. In West Africa, Nigeria contended with…

By Aduragbemi Omiyale The review of the market indices by the Nigerian Exchange (NGX) Limited has led to the removal of Flour Mills Nigeria from the NGX 30, industrial goods, pension, Pension board and the Meristem value indices. The end-of-the-year review, according to a statement made available to Business Post, took effect at the opening…

Co-owner of Chelsea FC and founder of Clearlake Capital, Behdad Eghbali, is reported to have bought a luxury penthouse in London’s high-end Mayfair district for more than £56 million, making it the UK’s most expensive apartment deal in 2024. According to a Bloomberg report, the tycoon purchased the flat at the start of the summer…

By Jerome-Mario Utomi The Chairman of the board of the Niger Delta Development Commission (NDDC), Mr Chiedu Ebie has said the commission recorded impressive achievements in 2024. Speaking on Monday on a radio programme where he featured as a guest, Mr Ebie assured of the agency’s continued socio-economic and infrastructural strides in the Niger Delta.…

By Aduragbemi Omiyale Mr Robert Dalziel has been picked to be the new Managing Director of Interocean Marine Services, as part of the strategies of the company to drive its growth in the Middle East and Asia Pacific (APAC) region. A statement disclosed that Mr Dalziel was chosen for the task because of his in-depth…

Apple has agreed to a $95 million settlement in a proposed class-action lawsuit alleging its Siri voice assistant violated users’ privacy. According to Reuters’ report, the settlement, which awaits approval from U.S. District Judge Jeffrey White in Oakland, California, was filed on Tuesday and seeks to resolve claims that Apple recorded private conversations without consent…

In 2024, the Nigerian Exchange (NGX) demonstrated resilience amidst challenging economic conditions, with the All-Share Index (ASI) posting a 37.65% year-to-date (YtD) gain. While this performance is above the current inflation rate, it slightly underperformed the 45.90% YtD gain recorded in 2023, reflecting a more tempered investor sentiment. This moderation in market activity is further…

Tether’s U.S. dollar stablecoin experienced its sharpest decline since the FTX collapse during the sluggish crypto market of 2022. On-chain data revealed that Tether’s USDT lost approximately 1.2% of its market capitalization this week as the European Union’s digital asset regulations fully took effect on December 30. The stablecoins market cap dropped to $137 billion,…

The All Progressives Congress (APC) has countered recent claims made by Peter Obi, the 2023 presidential candidate of the Labour Party, regarding Nigeria’s fiscal management under President Bola Ahmed Tinubu. The APC has asserted that Tinubu’s administration has achieved a significant reduction in the debt servicing ratio, bringing it down from 90% to 64%. In…

By Adedapo Adesanya Telecommunication operators in Nigeria, including MTN, Airtel and others, are seeking a 100 per cent increase in tariff as stakeholders battle it out for a much-expected rise in the cost of phone calls, SMS, and internet data subscription. The chief executive of MTN Nigeria, Mr Karl Toriola, said this in an interview…

By Adedapo Adesanya Telecommunication operators in Nigeria, including MTN, Airtel and others, are seeking a 100 per cent increase in tariff as stakeholders battle it out for a much-expected rise in the cost of phone calls, SMS, and internet data subscription. The chief executive of MTN Nigeria, Mr Karl Toriola, said this in an interview…

Dr. Samuel Ogbuku, Managing Director of the Niger Delta Development Commission (NDDC), has said that the commission will continue the distribution of solar-powered streetlights in the Niger Delta region to light up more areas and improve the security of lives and property. Ogbuku said this in a Press statement released on Thursday by Seledi Thompson-Wakama,…

By Aduragbemi Omiyale A leading life insurance service provider in Nigeria, Stanbic IBTC Insurance Limited, has passed a comprehensive audit, resulting in the issuance of an IQNET-recognised certificate. This rigorous audit process assessed various operational aspects, financial practices, and adherence to regulatory standards, highlighting Stanbic IBTC Insurance’s dedication to exceeding industry best practices and fostering…

Elon Musk is kicking off the new year with a generous act of charity, donating a massive $112 million worth of Tesla stock—268,000 shares—to undisclosed charities. The surprise gift, made just two days before the ball dropped, is part of Musk’s “year-end tax planning” strategy. While the recipients of this donation remain a mystery, the…

By Adedapo Adesanya Telecommunication operators in Nigeria, including MTN, Airtel and others, are seeking a 100 per cent increase in tariff as stakeholders battle it out for a much-expected rise in the cost of phone calls, SMS, and internet data subscription. The chief executive of MTN Nigeria, Mr Karl Toriola, said this in an interview…

Nigeria’s Power sector has evolved over the years with improved investments by both the government and private businesses, but it is far from achieving reliable and sustainable energy for all its citizens. Amidst numerous challenges, the sector recorded notable activities and developments this year, from policy reforms and infrastructure upgrades to increased private sector participation…