Business

The Nigerian Exchange Limited (NGX) has seen a significant increase in trading activity, with total transactions hitting an impressive N5.59 trillion in 2024. This marks a remarkable rise in market…

The China Development Bank (CDB) has approved a $254.76 million (€245 million) loan to support the construction of the Kano-Kaduna railway project in Nigeria. Announced on Tuesday, the funding will…

Stanbic IBTC Capital Limited has successfully led the issuance of Presco Plc’s N82.89 billion bond, reinforcing its role as a major player in Nigeria’s capital market. The seven-year, 23.75% senior…

The Federal Government has earmarked N105.95 billion for the aviation industry in the 2025 budget, marking an increase from the N63.32 billion allocated in 2024. This funding aims to support…

On January 2, 2025, Minister of Aviation Festus Keyamo celebrated a breakthrough: a Nigerian court allowed Export Development Canada (EDC) to repossess a CRJ 1000 aircraft from Arik Air. This…

Max Air has been temporarily suspended for three months following a serious safety incident involving one of its Boeing 737 aircraft, registration number 5N-MBD. The aircraft suffered a nose wheel…

The Nigerian stock market has achieved a remarkable feat in 2024, closing with a striking 37.65% gain. The All-Share Index surged, fueled by substantial growth in mid and large-cap stocks.…

The Nigerian equities market started the year on a positive note, with the All-Share Index (ASI) increasing by 0.25% to close at 103,180.14 points on Thursday. This growth resulted in…

Grimaldi Group has launched a direct shipping service from Shanghai, China, to Lagos, Nigeria. This new service eliminates transshipment and offers a fast 27-day transit time. It sets a new…

United Bank for Africa (UBA) Plc has pledged its support for the African Union (AU) Peace Fund by donating a substantial $500,000. This donation aligns with UBA’s ongoing commitment to…