Business

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

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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...

Regulatory Infractions: CBN, PenCom, Others Slam N159m Penalties on Stanbic IBTC

Stanbic IBTC Holdings Plc paid a total of N159 million as punishment against its subsidiaries for breaching various regulatory guidelines in the 2022 financial year. The penalties were imposed by the Central Bank of Nigeria (CBN), National Pension Commission...

Court Nullifies Sections of CAMA 2020

April 22, (THEWILL) – The Federal High Court, Abuja, has nullified some sections of the Companies and Allied Matters Act (CAMA), 2020 which were considered to infringe on the fundamental human rights of the Nigerian citizens. The judge, James...

AU Agency Urges Farmers to Embrace Better Agric Practices

April 22, (THEWILL) – The African Union Development Agency – New Partnership for Africa’s Development (AUDA-NEPAD) has urged rural farmers to embrace climate smart agricultural practices, to improve their yields and ensure food security in the country. The National...

Customs Intercept 553 Parcels of Cannabis Sativa in Seme

April 22, (THEWILL) – The Semé Command of Nigeria Customs Service said it intercepted 553 parcels of cannabis sativa worth N10 million with four suspects arrested alongside. The Customs Area Controller of Seme Customs, Comptroller Dera Nnadi disclosed...

NGX Confirms Listing of FG’s N1bn April Savings Bonds

April 22, (THEWILL) – The Nigerian Exchange Limited (NGX) has disclosed that the Federal Government has listed its April 2023 Savings Bonds worth ₦1.08bn on the nation’s bourse. The NGX which disclosed this in its weekly report on activities...