Business

  The Lagos State Ministry of the Environment and Water Resources has ordered the immediate suspension of all reclamation projects across the state.   PUNCH Online reports that reclamation projects are engineered efforts to create new usable land from water-covered areas by filling them with sand, earth, rock, or other ...

  The Chairman of Carnival Calabar, Gabe Onah, has called for stronger private sector investment to sustain the popular street party.   Onah made the call on the sidelines of the 21st Akwaaba African Travel Market on Tuesday in Lagos.   The chairman said the annual carnival, which would turn ...

  The President of Dangote Petroleum Refinery, Alhaji Aliko Dangote, has said that the moribund Ajaokuta Steel Complex may never work, insisting that global technological advancements have overtaken the project.   Dangote, who spoke on Tuesday in an interview with journalists, stressed that while no nation can thrive without a ...

Wema Bank Concludes ₦150 Billion Rights Issue with CBN & SEC Approval, Surpasses Regulatory Capital Requirement Wema Bank Plc (“the Bank”) announces the successful completion of its ₦150 billion Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central ...

UBA to Empower Female Entrepreneurs, Drive Financial Inclusion with N5 Billion BOI MSME Fund Africa’s global bank, United Bank for Africa (UBA) Plc, has secured a N5 billion loan facility from the Bank of Industry (BOI), to boost key sectors of the economy and support the growth of sustainable and viable ...

The Alternative Bank Targets Women, Men, and Farmers with National Financial Inclusion, Entrepreneurship Drive The Alternative Bank, one of Nigeria’s leading non-interest banks, has ramped up its efforts to promote economic empowerment and financial inclusion for market traders and smallholder farmers across the country. With a focus on improving access ...

    The Naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the official market on Friday.   According to the latest figures from the Central Bank of Nigeria, the Naira traded at N1,534.72 per dollar.   The figure represents a modest gain ...

  The House of Representatives Committee on Petroleum Resources (Downstream) has resolved to carry out an investigation into the Turn Around Maintenance of the four state-owned refineries. The Committee’s resolution is coming a few days after the House Committee on Petroleum Resources (Midstream) made a similar commitment to unravel why, ...

    The wife of former Governor Rotimi Amaechi of Rivers State, Judith Amaechi, has denied allegations that she received N4bn monthly from the Niger Delta Development Commission as alleged by the Minister of the Federal Capital Territory, Nyesom Wike.   Speaking through her media aide, Dr Dike Bekwele, in ...

  The Federal High Court sitting in Kaduna has granted an interim order restraining the Economic and Financial Crimes Commission from arresting or harassing a Dubai-based Nigerian businessman, Alhaji Rabiu Tijjani, declared wanted by the commission over alleged $1.9m money laundering charges.   The two respondents in the matter are ...