August 8, 2025

Business

Business Crime Fraud

AGF Drops Charges Against Fidelity Bank CEO After Review, Case Against Bank Continues

The Office of the Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN), has discontinued the criminal charges against Dr. Nneka Onyeali-Ikpe, Managing Director and CEO of Fidelity Bank Plc, following a thorough review of the case. The charges stemmed from allegations of fraud involving approximately N19 billion linked to Woobs

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Business Economy

Nigeria Ranked Third-Best Manufacturing Hub in Africa, Reports The African Exponent

Nigeria has been ranked third among Africa’s top ten manufacturing countries, according to a comprehensive analysis by The African Exponent, a respected business information source for entrepreneurs and investors. The report highlights Nigeria’s pivotal role in key sectors and underscores its growing economic influence across the continent. In the latest data reviewed, South Africa maintains

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Business General Technology

Tech Giants Unveil Cutting-Edge Innovations at SAP Sapphire 2025 in Madrid

Top global firms showcased groundbreaking innovations and digital transformation strategies at SAP Sapphire 2025, the annual flagship technology and business event hosted by SAP in Madrid, Spain. Organisers of the event revealed that this year’s edition introduced major advancements designed to bring the power of Business AI to users across industries, redefining how work is

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Business Economy

MTN and Airtel Now Dominate Nigeria’s Internet Market as Glo Loses Millions of Customers

Nigeria’s internet services industry has changed a lot in the past ten years. MTN and Airtel are now the two strongest players in the market, while Globacom (popularly called Glo) is struggling after losing many of its customers. MTN, the biggest telecom company in the country, has grown from 26 million internet users in 2013

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Airport Business Economy

Nigerians Reduce Air Travel By About 30% As Economic Pressure And Visa Hurdles Bite

Nigeria’s aviation sector is experiencing a sharp downturn, with domestic passenger numbers falling by approximately 30% and international travel even more drastically impacted, driven by harsh economic realities and more restrictive visa regimes. According to data from the NCAA and FAAN, domestic air travel dropped from 9.47 million passengers in the first half of 2022

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Business General

NIGCOMSAT, NIPOST, NRC, and Rail Authorities Join Forces to Drive Smart Logistics in Nigeria

In a strategic meeting aimed at revolutionising logistics and transport management, the Managing Director of Nigerian Communications Satellite Limited (NIGCOMSAT), Dr Ndidi Kalu‑Amadadi (@nk_amad), met with the Postmaster General of NIPOST, Mrs Tola Odeyemi (@tola_odeyemi), and the Managing Director of the Nigeria Railway Corporation, Mr Kayode Opeifa (@KayodeOpeifa). The trio explored leveraging satellite and rail infrastructure to enhance the efficiency of

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Business Investment NASFAT

Unlocking Global Potential Through Halal Ventures: NASFAT Leads the Way

The Nasrul-Lahi-L-Fatih Society (NASFAT) has long been a beacon of faith-driven progress, bridging spirituality with real-world development. With a strong reputation for championing ethical growth and educational empowerment, NASFAT continues to inspire meaningful change across communities locally and globally. As the global market becomes increasingly interested in Halal-certified products, NASFAT recognizes the opportunity to guide

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Business Economy Petrol Refinery

GEIL’s Otakikpo Terminal Makes History with First Crude Oil Export

Green Energy International Limited (GEIL) has achieved a significant milestone in Nigeria’s oil and gas sector with the successful completion of the first crude oil export from its newly constructed Otakikpo onshore terminal. The export took place on Sunday, June 8, at approximately 2:00 PM, when an off-taker vessel chartered by Shell lifted the maiden

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Business Technology

Cloud Technology and AI Driving Business Transformation Across Africa, Say SAP Experts at SAPHILA 2025SAP

Leading voices in enterprise technology have affirmed that cloud computing and artificial intelligence (AI) are playing an increasingly pivotal role in accelerating organisational growth across the African continent. This assertion came during SAPHILA 2025, the flagship conference organised by the African SAP User Group (AFSUG), held between June 1st and 3rd at the Sun City

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Business Economy World

DFIs Dominate as African Banker Awards 2025 Celebrates Financial Excellence in Abidjan

Development Finance Institutions (DFIs) emerged as the standout winners at the 2025 edition of the prestigious African Banker Awards, held during the Annual Meetings of the African Development Bank (AfDB) in Abidjan, Côte d’Ivoire. The gala event, which drew over 500 of the continent’s most influential figures in banking and finance, showcased the growing influence

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