The Director-General, Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), Edwin W. Harris Jr., has expressed worries over the continued inclusion of Nigeria’s name on the grey list of Financial Action Task Force (FATF). Speaking at the 2025 National Anti-Money Laundering, Counter-Financing of Terrorism and Proliferation (AML/CFT/CPF) Summit in Abuja, Harris emphasized the…
Nigeria Aviation Handling Company PLC (nahco aviance), has been chosen by regional operators, Afrijet and Air Sierra Leone, to handle their ground operations in Nigeria. The contracts between the parties would see NAHCO provide excellent service for Afrijet’ flights into Port Harcourt and Lagos. The Company will also handle Air Sierra Leone’s flights to Lagos….
The Federal Government will begin the implementation of the International Cargo Tracking Note (ICTN) across the nation’s ports by the second quarter (Q2) of this year. The Executive Secretary/CEO of the Nigerian Shippers Council (NSC), Mr Pius Ukeyima Akutah revealed this in Ibadan, yesterday. Akutah spoke during the Five Year Strategic Management Retreat held with…
Nigeria’s capital market regulator, the Securities and Exchange Commission (SEC) said banks in the country raised N2.2 trillion from the capital market in 2024 to meet the Central Bank of Nigeria’s (CBN) new recapitalization requirements. It would be recalled that in November 2024, the SEC announced that banks had raised N1.7 trillion from the capital…
The Manufacturers Association of Nigeria (MAN) has called for the timely passage of the four tax reform bills currently before the National Assembly. MAN President Otunba Francis Meshioye said the outlook for the manufacturing sector, and by extension, the economy in 2025 will largely depend on the success of ongoing economic reforms, which include the…
Nigeria’s Vice President Kashim Shettima has joined global leaders at the 2025 World Economic Forum (WEF) to champion the African Continental Free Trade Area (AfCFTA) as a transformative tool for Africa’s economic integration. With a bold vision to boost Africa’s economy to $29 trillion by 2050, Nigeria reaffirmed its leadership in driving digital trade and…
Former French Minister of Transport, Mr. Djebbari Jean-Baptiste, has expressed the desire of investors from his country to invest in the transport sector of Ogun State, especially the agro-cargo airport. Other areas of interest for the investors, according to Mr. Jean-Baptiste, are the Dry Port, the Olokola Sea Port, and the railway system. Fielding questions…
Wema Bank Plc has approved plans to raise additional N200 billion in combination of Rights & Special Placement to complete Central Bank of Nigeria (CBN) recapitalization requirement. The bank which pioneered Africas first fully digital bank, ALAT, said it will be completing its capital raise through a combination of a Rights issue and Special placement…
A leading provider of telecom and mobile money services in Africa, Airtel Nigeria has expressed gratitude for the Nigerian Communications Commission (NCC’s) approval of tariff adjustments for telecom operators in the country. Its Chief Executive Officer, Mr. Dinesh Balsingh, who expressed the company’s appreciation of the decision to allow for a tariff increase of up…
