Business

The Nigeria Civil Aviation Authority (NCAA) has suspended the licences of Captain Oluranti Ogoyi and First Officer Ivan Oloba, over a serious ValueJet pilot safety breach at Nnamdi Azikiwe International Airport, Abuja. According to a statement released and signed by Michael Achimugu, Director, Public Affairs and Consumer Protection, the pilots were involved in a serious […]

Nigeria, in the first quarter of 2025, recorded a total capital importation of $5.642 billion, which is 67.12 percent higher than the $3.376 billion recorded in Q1 2024 and 10.86 percent higher than the $5. 089 billion recorded in Q4 2024, the National Bureau of Statistics report has revealed. Of the total investments, Portfolio Investment […]

The sustained profits of Nigeria’s palm oil makers have drawn more than N2.13 trillion investment into the thriving industry in the last seven years, creating thousands of jobs and giving hopes to smallholder farmers. Presco PLC and Okomu Oil Palm Company, Nigeria’s biggest palm oil makers, have posted record profits for seven straight years despite […]

After months of sideways action, the Binance Coin (BNB) price momentum is finally back in the spotlight. With a 20% rise in TVL, deflationary burns, and Binance’s exchange dominance, BNB looks poised to hit the $1,000 mark. But while BNB makes short-term noise, BlockDAG is quietly setting up for long-term dominance, making it the best […]

Ghana has ordered MultiChoice, the operator of DStv, to slash its subscription fees by 30% by August 7 or risk having its broadcasting license suspended. According to the state-owned Daily Graphic, the directive aims to align Ghana’s pricing with that of peer markets and adjust for the recent appreciation in the value of the Ghanaian […]

English Championship side Birmingham City and Ajax Amsterdam have reportedly reached an agreement for the transfer of Nigerian striker and Arsenal academy product Chuba Akpom. The 29-year-old former Arsenal Academy star is expected to arrive to undergo a medical, with an official announcement imminent. According to Voetbal International, the deal is structured as a loan […]

…says set for public offer Sterling Financial Holdings Company Plc has reported a 157 percent year-on-year (YoY) surge in profit-after-tax (PAT) in its unaudited results for the half-year (H1) ended June 30, 2025. The company demonstrated continued momentum in revenue growth, operational efficiency, and capital position. The group’s PAT reached N41.78 billion, up from N16.26 […]

read more BusinessDay 03rd Aug 2025 Source link

The Confederation of African Football (CAF) President, Dr Patrice Motsepe, has revealed the rationale behind the significant increase in prize money for the 2024 African Nations Championship (CHAN), raising the total prize pool to $10.4 million. The 8th edition of the tournament, scheduled to run from August 2 to 30, 2025, will feature 19 teams, […]

Nigeria’s largest publicly listed firms delivered a strong financial performance in the first half of 2025, driven by easing foreign exchange (FX) losses, sustained consumer demand, and internal cost restructuring, helping to reverse the brutal losses many endured a year ago. An analysis of half-year financial results from 20 of the top 30 firms on […]