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Professor Obiora Okonkwo highlights the financial challenges faced by airlines in Nigeria, particularly due to aircraft financing and insurance costs. He spoke at the IATA Focus Africa Conference, emphasizing the need for solutions in the aviation sector.
A recent survey indicates that Gen-Z individuals in the U.S. are experiencing greater happiness through entrepreneurship compared to traditional employment. This shift highlights a growing trend among younger generations prioritizing self-employment and innovation.
Crestal Group's recent corporate upgrade aims to connect African production with global markets. This initiative is expected to enhance business relevance and adaptability in a changing global landscape.
Air Peace has temporarily suspended its Lagos–London flight due to a minor technical fault found during a routine check. The airline emphasizes that passenger safety is its top priority.
Adetoun Otepola is significantly impacting Africa's future and economic growth through her work in the real estate sector. Her career spans over three decades, showcasing her commitment to excellence.
Damilare Alabi has successfully transitioned from the gaming industry to fintech, co-founding Nigeria's first online sports gaming platform. His innovative approach has turned challenges into opportunities, marking him as a notable entrepreneur in Nigeria.
An investigation has uncovered over 80 companies linked to the late Herbert Wigwe across 20 countries. This revelation highlights his extensive business influence beyond Nigeria.
First HoldCo Plc has released its audited results, revealing a significant impairment of N826 billion and a 78% decline in profits. This disclosure aims to address concerns regarding the company's financial health.
A Federal High Court in Port Harcourt has upheld a $100 million award to Cutra International Limited, dismissing a challenge from China National Petroleum Corporation. This ruling reinforces the legal rights of Nigerian firms in international contracts.
Zenith Bank is enhancing youth empowerment by providing ICT education to secondary school students in Jigawa State. This initiative aims to equip them with essential digital skills for future opportunities.
Rano Air has temporarily suspended some flight operations due to a significant rise in aviation fuel costs. This decision reflects the challenges faced by domestic carriers in maintaining commercial viability.
NECA is encouraging Nigerian businesses, particularly MSMEs, to adopt ESG principles for better competitiveness and investment attraction. This shift is seen as essential for achieving sustainable growth in the long term.
A Nigerian court has ruled that China National Petroleum Corp must pay $100 million to Cutra International Limited over the OPL 471 oil block dispute. This decision highlights the ongoing legal challenges in Nigeria's oil sector.
The Pan African Business Forum has condemned Iran's recent missile and drone attack on the UAE. They are calling for immediate de-escalation to prevent further conflict.
The article discusses the role of Ayeni in the Skye Bank crisis, questioning whether he is a key architect or just a casualty. It highlights the ongoing legal proceedings and the potential for new information to emerge.
Transnational Corporation Plc has announced a dividend of N20.3 billion, equating to N2.00 per share, during its 20th Annual General Meeting. This move is expected to delight shareholders and reflects the company's strong performance.
Rano Air has suspended several routes due to rising Jet-A1 fuel costs. This decision reflects the ongoing challenges faced by the aviation sector in Nigeria.
FirstHoldCo aims to achieve a ₦1 trillion capital base as part of its aggressive balance sheet strategy. Under the leadership of Mr. Otedola, the company is enhancing corporate governance by tightening internal standards and appointing new boards for its non-banking subsidiaries.
Nigeria's mining sector has attracted $2.6 billion in investment over the past 30 months, according to Shettima. This growth positions Nigeria as a global hub for mineral refinement and industrial development.
Companies with strong environmental sustainability practices are attracting 57% of investment capital. Major players include Dangote Group, MTN Nigeria, and UBA, reflecting a growing trend towards ESG compliance in Nigeria.
The article discusses the unspoken leadership issues driven by ego in corporate settings. It highlights the reluctance of executives to address these problems openly.
The SheMeansBusiness initiative continues to empower women entrepreneurs in Nigeria. The program aims to enhance business skills and provide networking opportunities.
Porsche is set to cut an additional 500 jobs following a previous announcement of 1,900 job cuts last year. This decision reflects ongoing challenges in the automotive industry.
A Federal High Court in Port Harcourt has dismissed CNPC's attempt to overturn a $100 million judgement in favor of Cutra International. This ruling marks a significant development in the ongoing dispute over OPL 471.
Seleem Adegunwa, the Managing Director of Rite Foods, has been awarded the 'Industrialist of the Year'. His leadership has significantly transformed the FMCG sector in Nigeria through innovation and quality.
Rano Air has temporarily suspended some flight routes due to a significant rise in aviation fuel prices. The airline reported a staggering 300 percent increase in costs as the reason for this decision.
SanlamAllianz Nigeria has honored its top performers at the 2025 Retail Annual Competition (TRAC Awards). The event highlights the achievements of individuals within SanlamAllianz Life Insurance and SanlamAllianz General Insurance.
Universal Insurance Plc is launching a N3.2 billion Rights Issue to boost its capital base. This initiative aims to enhance the company's financial strength and support future growth.
First HoldCo Plc reports strong financial performance with gross earnings reaching N942 billion in Q1 2026. The company's profitability also rose to N321.1 billion during the same period.
Nigerian tier-1 banks reported growth in earnings and income streams, although profits declined. This decline is attributed to reduced trading gains and increased impairment charges.