Business

…says M&A activity, licence downgrades likely among third-tier banks Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements. The rating agency noted that the banks are generally on track to meet the end-of-first quarter (Q1) 2026 deadline. This is supporting a recovery in […]

Obiora Okonkwo, Founder and Chairman of United Nigeria Airlines on Wednesday said air passengers have recently become the biggest challenge of airline operators. “I can tell you that our biggest challenge as operators is the passengers. The passengers whom we strive day and night to service and please are the same people who will turn […]

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The recent influx of foreign fighters into Nigeria, particularly from the Sahel region, has raised significant concerns regarding national security and the effectiveness of border surveillance. This trend has been linked to a resurgence of terrorist activities, complicating the already challenging security landscape in the country. However, there are over 1,400 illegal routes into Nigeria […]

President Bola Tinubu has expressed deep sorrow over the passing of Joop Berkhout, a renowned publisher and naturalised Nigerian who contributed to the country’s literary landscape for over six decades. Berkhout, who died at the age of 94, was a prominent figure in Nigeria’s publishing industry. He held leadership roles managing director of Evans Brothers […]

The Ministry of Finance Incorporated (MOFI) on Monday launched a N100 billion Series 2 offering under its Real Estate Investment Fund, in a significant step towards bridging Nigeria’s housing deficit put at over 20 million. This second phase follows the successful launch of N150 billion Series 1 funding late last year and brings the total […]

The Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, says it is worrisome that in spite of concerted efforts, allegations of corruption, delays in justice dispensation and bias still persists in the judiciary. Justice Kekere-Ekun said this on Monday in Abuja while declaring open the 2025 hybrid refresher course for judges of superior courts of […]

Schneider Electric, a player in the digital transformation of energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights, becoming the only company to rank first in the Global 100 twice. Schneider Electric previously topped this annual list of the most sustainable publicly listed companies, generating annual revenues of […]

The elevation of Chibuzo Mbanefo from flight dispatcher to the rank of Captain on Air Peace Boeing 777 fleet, is another inspiring story of hard work and dedication. Mbanefo recalled his early days in aviation before joining Air Peace as a flight dispatcher. With Allen Onyema, Chairman/CEO, Air Peace Limited support, Mbanefo said he transitioned […]

Bukola Saraki, Nigeria’s former senate president has called on the federal government to reconsider plans to implement the 4 percent free-on-board (FOB) levy initiated by the Nigeria Customs Service (NCS). Saraki, in a post on X Saturday criticised the development, stressing that it would add to the burden of many Nigerians who are already reeling […]