The National Credit Guarantee Company Limited (“NCGC” or the “Company”) is set to commence operations on 01 July 2025, as a specialised financial institution established to unlock access to credit and drive inclusive economic growth across Nigeria’s real economy. With an initial capital commitment of ₦100 billion, recently announced by President Bola Ahmed Tinubu, the NCGC…
The National Institute for Hospitality and Tourism (NIHOTOUR) has officially commenced a rigorous compliance exercise across Lagos State, focusing on hotels, restaurants, and other establishments within the hospitality, travel, and tourism sectors. This initiative is in furtherance of NIHOTOUR’s statutory mandate to standardize and regulate professional practices within the industry nationwide. The compliance drive seeks…
Transnational Corporation Plc (“Transcorp Group”), Nigeria’s leading, listed conglomerate with strategic investments in the Power, Hospitality, and Energy sectors, has executed the second phase of its environmental Corporate Social Responsibility (CSR) initiative, donating segregated waste bins to schools across Lagos, Delta, and Rivers States. This initiative reinforces the group’s commitment to sustainable waste management and…
Access Holdings Plc recorded a profit after tax of N642.2bn for the financial year ended December 31, 2024. This marked a four per cent increase from the N619.3bn reported in 2023. The group’s audited financial statement released on the Nigerian Exchange Limited on Wednesday showed that Access Holdings’ gross earnings jumped by 88 per cent…
Building businesses that stand the test of time requires a blend of innovation, unwavering focus, and passion. This was the key takeaway from the latest edition of the United Bank for Africa (UBA) Business Series, hosted on Thursday, With the theme: “Profit with Purpose, Business Continuity,” the event which was held at the Tony Elumelu…
Stakeholders unanimously called for concerted efforts towards adding value to non-oil export products by processing them into semi-finished and finished goods in order to unlock significant economic benefits for the nation. This clarion call was made at the 9th Edition of the Annual Zenith Bank International Trade Seminar themed “Nigerian Non-Oil Export Industry: Awakening the…
L-R: Sonny Iroche, Independent Non-Executive Director, Heirs General Insurance and Ibrahim Puri, Independent Non-Executive Director, Heirs General Insurance Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance provider, has announced the appointment of Ibrahim Puri and Sonny Iroche as Independent Non-Executive Directors of its non-life insurance business, Heirs General. The appointments further strengthen HIG’s governance and leadership…
A group of 45 civil society groups under the auspices of the Coalition of Civil Society Groups in Nigeria for Promotion of Accountability and Transparency in Governance (CCSGNPATG) have thrown their weight behind the proposed Nigeria Shippers Council regulatory agency. Recall that the Bill for an Act to Repeal the Nigeria Shippers’ Council Act and…
In a groundbreaking development within the betting industry, SportyBet has unveiled a series of innovative updates to solidify its position as a leader in the field. With a focus on lightning-fast payouts and setting new records for maximum payout limits, SportyBet remains committed to delivering an unparalleled betting experience for its users. This announcement marks…
The Enugu Capital Territory Development Authority (ECTDA), on Tuesday, sealed the offices of the Enugu Electricity Distribution Company (EEDC) in Enugu State. The action followed EEDC’s announcement that it would disconnect the power supply to the Enugu State Government House and other state government institutions in the South East over an N180bn debt. EEDC’s spokesman, Emeka Ezeh, said upon arriving at the EEDC headquarters,…
