The Nigerian financial sector has witnessed a significant surge in market value, driven primarily by the impressive performance of banking stocks. As of the close of trading on the Nigerian Exchange Limited (NGX) the market value of the financial sector stood at a staggering N9.49 trillion. According to analysts, the sustained demand for banking stocks
Aero Contractors Unveils State-of-the-Art Facility, Eyes Dominance in MRO Services Aero Contractors Unveils State-of-the-Art Facility, Eyes Dominance in MRO Services Aero Contractors, one of Nigeria’s leading aviation companies, has expanded its maintenance, repair, and overhaul (MRO) facility in Lagos, as part of its strategic plan to become a one-stop MRO solution provider in West Africa.
The Federal High Court in Abuja has dismissed the Nigerian National Petroleum Company Limited’s (NNPCL) objection to a ₦100 billion import licence lawsuit filed by Dangote Petroleum Refinery and Petrochemicals.In his ruling, Justice Inyang Ekwo stated that NNPCL failed to submit a counter-affidavit to refute Dangote Refinery’s claims and instead filed a preliminary objection, which
The International Air Transport Association (IATA) has projected that aircraft ordered in 2024 may not be delivered until 2040 due to the worsening shortage of aircraft worldwide. This revelation was made over the weekend in a report published on IATA’s website, which reviewed the ongoing capacity challenges facing the aviation sector. IATA’s Director-General, Willie Walsh,
The Federal Government is ramping up efforts to extend technological innovation beyond Nigeria’s key hubs, Lagos and Abuja, by empowering grassroots communities to develop solutions for real-world challenges. Kashifu Inuwa, Director-General of the National Information Technology Development Agency (NITDA), reaffirmed this commitment during the iHatch Cohort 4 Onsite Training for Hub Managers in Abuja last
Google announced on Tuesday its plans to acquire cloud security platform Wiz in a $32 billion all-cash deal, emphasizing the growing importance of cybersecurity as artificial intelligence becomes more embedded in technology infrastructure. The acquisition will integrate Wiz into Google Cloud, enhancing security capabilities for businesses using multiple cloud platforms. In a joint statement, both
Airtel Africa, a leading telecom and mobile money provider across 14 African nations, has launched an innovative AI-driven Spam Alert Service in Nigeria. This groundbreaking service, available at no cost, provides real-time alerts for suspected spam SMS messages and requires no additional app downloads. It is automatically enabled for all Airtel customers, including those using
The ongoing conflict between Nigerian airline operators and passengers shows no signs of abating as incidents of flight cancellations, delays, and lost valuables continue to spark heated confrontations. While airlines and terminal operators often label passengers as unruly, these disputes frequently stem from airlines failing to meet their obligations under the Nigeria Civil Aviation Authority
The Nigerian Senate has taken a significant step toward amending the Nigerian Data Protection Act of 2023, with a new bill aimed at compelling major social media platforms to establish physical offices within the country. The bill, titled “A Bill for an Act to Amend the Nigerian Data Protection Act, 2023, Mandating the Establishment of
Edo State Governor, Senator Monday Okpebholo, has announced plans to probe the reported $10 million expenditure by his predecessor, Godwin Obaseki, on the state-owned newspaper, The Nigerian Observer. During an unscheduled visit to the premises of The Observer on Tuesday, Okpebholo, accompanied by top government officials, sought to inspect the facilities. However, he and his
