Business

Nigeria’s Economy: Path to Prosperity

It is a given that the incoming Federal Government of Nigeria will have to decisively tackle the macroeconomic challenges of a fraudulent and wasteful petrol subsidy regime; our debt, revenue and resource allocation crisis; and a broken foreign exchange...

Onyeali-Ikpe, Olusanya Make Top 10 on 2023 Definitive List of Women CEOs

The third annual Africa.com Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19. Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc and Miriam Chidiebele Olusanya, Managing Director, Guaranty Trust Holding Company made the top 10 list. Both...

Ibom Air Receives International Safety Certification

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Ibom Air, a commercial airline owned by the Akwa Ibom State Government, has received a safety certification from the International Air Transport Association (IATA). The Chief Executive Officer of Ibom Air, Mfon Udom received the IATA certificate at the airline...

Transport Safety: NSIB Seeks Collaboration With NSCDC

The Nigerian Safety Investigation Bureau (NSIB) is seeking partnership with the Nigeria Security and Civil Defence Corps (NSCDC) on how to further ensure safety in all modes of transportation across the country. The two bodies have also agreed to draft...

NBS set to Release Unemployment Data in May

The National Bureau of Statistics says it will publish the new unemployment and employment figures for the country before the end of May 2023. The bureau said this in its “Nigeria Labour Force Framework Re-design 2023 report released on its...

Rite Foods Urges Refreshing Moments During Eid el-Fitri Celebration

Rite Foods Limited has admonishes Islamic believers to have rejuvenating moments with its award-winning brands as they celebrate this year's Eid el-Fitri festival, to mark the successful completion of the one-month fasting during Ramadan. Ramadan fasting, which is the period...

Air Peace Begins Two Weekly Flights to Israel

As part of its expansion programme in the international routes, Nigerian carrier, Air Peace, has started to fly direct, nonstop to Israel. The airline commenced scheduled operations into Tel Aviv on April 20, 2023, from Lagos and Abuja. At the...

Equities Market Records 1.08% Drop on N27.96trn Capitalisation

The NGX All-Share Index and Market Capitalization depreciated by 1.08% to close the week at 51,355.74 and N27.963 trillion respectively. The market opened for four trading days last week as the Federal Government of Nigeria declared Friday 21st April 2023...

ETFs: Popoola Hints on Potential Listings, Investors Tackle Market Challenges

The Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr Temi Popoola has said that the market would see a renewal in Exchange Traded Fund listings as four new ETFs were in the pipeline. This was echoed by Popoola at the...

SAATM: Stakeholders Mull 30% 5th Freedom Traffic Penetration in Africa by 2025

African Civil Aviation Commission (AFCAC) says it is working with all the stakeholders and support from its technical and financial partners to improve the 5th Freedom Traffic penetration in Africa from the current level of 14.5 per cent to...