Business

Jim Ovia, the Founder and Chairman of Zenith Bank Plc, has been admitted to the prestigious Freedom of the City of London. Ovia was admitted during a ceremony held at the Mansion House in London on Monday, April 7, 2025. The Freedom of the City of London, a time-honoured tradition dating back to the 13th century, is one of the …

The Federal Government has concluded plans to launch an e-visa system and digital landing/exit cards to enhance national security. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this when he received a delegation led by the Minister of Interior, Olubunmi Tunji-Ojo, in Abuja on Wednesday, April 9, 2025. Keyamo noted that the e-visa system will enable applicants to …

BUA Group and Alfa Laval PVT Limited have signed an agreement to build a 1000TPD palm oil refinery and fractionation plant. The signing ceremony took place on April 7, 2025, at the BUA Group Middle East Office in Dubai, UAE. The partnership aims to develop a 1000TPD palm oil refinery and fractionation plant, enhancing the production capacity and efficiency of …

The Nigerian National Petroleum Company (NNPC) Limited has announced the appointment of a new 8-man senior management team. This development was contained in a statement issued by the NNPC Chief Corporate Communications Officer, Olufemi Soneye, on Friday, April 4, 2025. Soneye stated that the development followed the appointment of the company’s Group Chief Executive Officer and Board of Directors. The …

In a bid to deliver quality service, President Bola Ahmed Tinubu has reconstituted the Nigerian National Petroleum Company (NNPC) Limited board, appointing a new chairman and group CEO. According Bayo Onanuga, presidential spokesperson, the changes aim to enhance operational efficiency, restore investor confidence, and drive economic growth. The old board led by his long time friend and boss, Chief Pius …

The International Federation of Agricultural Journalists (IFAJ) Secretary General, Adrain Bell recently visited Nigeria, marking his 50th country visit. During his stay, Bell met with executives of the Nigerian Agricultural Journalists of Nigeria (NAAJ), an IFAJ affiliate, and the Director General of the Nigerian Association of Chambers of Commerce Industry, Mines and Agriculture (NACCIMA), Olusola Obadimu. Bell expressed his excitement …

PalmPay, Nigeria’s fast-growing fintech with over 35 million users, has introduced its first debit card in partnership with Verve, reinforcing its transition from a mobile wallet to a full-service digital financial platform. The move aligns with a broader shift among Nigerian fintechs towards local card schemes, as rising costs and reduced international spending make providers like Visa and Mastercard less …

The Central Bank of Nigeria (CBN) has made significant strides in gender inclusivity, with women now holding 35% of its directorship positions and constituting half of its non-executive board, according to Governor Olayemi Cardoso. Speaking at the grand finale of the International Women’s Day (IWD) celebrations at the CBN Head Office, Cardoso emphasized the bank’s commitment to gender-balanced leadership, describing …

The Federal Government has announced plans to increase Personal Income Tax (PIT) for high-income earners from 18.6% to 25%, once the Tax Reform Bills are passed into law. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this during a Zoom dialogue meeting in Abuja, noting that government revenue increased by 20% last year, and further tax …

The National Agricultural Seeds Council (NASC) has introduced a new policy framework for Early Generation Seeds (EGS) production in Nigeria, aimed at strengthening the seed system and ensuring farmers’ access to high-quality seeds. NASC Director General, Dr. Ishiak Othman Khalid, announced the policy during a press briefing in Abuja to mark the Golden Jubilee Celebration of Nigeria’s Seed System—50 years …