Business

The Emirates Group has reported a net profit of US$1.2bn for the first six months of 2022-23, a record half-year performance, and a strong turnaround from its $1.6bn loss for the same period last year. The Group recorded a revenue...

U.S. Consul General, Will Stevens, hosted a reception in honor of a delegation from Gulfstream Aerospace that visited Nigeria to introduce its newest business jet model G700 aircraft to Nigeria’s aviation industry. Delivering remarks at a welcome reception in Lagos,...

Access Bank says it is investing a billion dollars to boost 10 million Small and Medium Enterprises (SMEs) in Africa over the next five years. Mr Seyi Kumapayi, the Executive Director in charge of African subsidiaries said this on the...

The Asset Management Corporation of Nigeria has said it recovered a total of N307 billion debts in two years: between 2020 and 2021. An inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of...

The International Air Transport Association (IATA) has released data for September 2022 global air cargo markets showing that air cargo demand softened. Global demand, measured in cargo tonne-kilometers (CTKs), fell 10.6% compared to September 2021, but continued to track at...

The proposed auction of two lots in the 3.5GHz Spectrum for the deployment of 5G services, set to take place in December 2022, is gathering steam and the Nigerian Communications Commission (NCC) has concluded arraignments to host an engagement...

Coming on the heels of its successful Ba­ck-to-School campaig­n, United Capital Pl­c, one of Africa's foremost investment banks and financial services institutio­ns, announced 11-yea­r-old, Pharez Obioha, as winner of its first ever, ‘A Day as CEO’ initiative. An offshoot of...

Thirty years after the contract was initiated, local airlines in Nigeria will now save aviation fuel burnt in taxing from the international runway to the domestic terminals in the night, as the Federal Airports Authority of Nigeria (FAAN) has...

Nigeria’s largest company by assets, Access Holdings Plc, leads the pack with the highest interest income of N497.47 billion in nine months ending September 30, 2022, among the esteemed Tier-1 players in the banking sector. The foremost financial service...

It is no longer news that the Central Bank of Nigeria (CBN) has embarked on the redesigning and re-issuance of the 200, 500 and 1,000 naira notes, a move it announced on October 26, 2022. It is also no longer...