Maritime stakeholders have disclosed that the country is losing N$1tn annually to non-disbursement of the Cabotage Vessels Financing Fund. This was disclosed at the maritime stakeholders’ meeting with the new Director General of the Maritime Administration and Safety Agency, Dr Dayo Mobereola, on Thursday in Lagos. While speaking during ... Read more

The Economic and Financial Crimes Commission has disclosed the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of Naira in their financial businesses. The EFCC noted that this move is to tackle the dollarisation of the Nigerian economy and the degradation of the naira A ... Read more

VistaJet, a global business aviation company with a fleet of over 300 jets, has expressed its commitment to expand its services to Nigeria, offering customised private jet services. This was launched at the Nnamdi Azikiwe International Airport, Abuja, on Thursday. The President of Europe and Africa at VistaJet, Philippe Scalabrini, has disclo ... Read more

The federal government has disclosed plans to attract the government and private investors of Saudi Arabia to invest in Nigeria’s agricultural sector. This was disclosed by the Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, on Thursday at a business roundtable organised by the Saudi-Nigeria Chamber of Commerce in Abuja. ... Read more

The United Nations (UN) in Nigeria, led by the Resident Coordinator and Assistant Secretary-General, Mohamed Malick Fall, has expressed commitment to the private sector for stronger partnerships and more impactful investment toward accelerating the Sustainable Development Goals (SDGs). This can be viewed as one of the goals of its partnership wi ... Read more

Despite navigating a complex economic landscape marked by policy shifts and market volatility, the bank’s profit before tax (PBT) has increased to N4.09 billion, a 36 per cent rise from the previous year. A major focus of the year was the performance of the bank’s asset management division, which saw assets under management exceed N6 ... Read more