oreign investors overlooked 28 states as the value of capital importation into Nigeria grew by 6.78 percent in the first quarter of 2023, according to the National Bureau of Statistics (NBS). The total capital imported stood at $1.13 billion, up from the $1.06 billion recorded in Q4 2022. According to the NBS report, the 28…
The Nigerian Civil Aviation Authority (NCAA) says Air Peace delayed the highest number of domestic flights in the first quarter of 2023. The aviation authority made this known in a report on international and domestic flight operations. Of the 18,288 domestic flights in Q1 2023, 10,128 were delayed, representing 55 percent and 284 (1.55 percent)…
By Ayomide Otitoju The Federal Government has approved the use of Lafarge Africa’s cement brand, Roadcem, for use in road construction. The approval was granted by the Federal Ministry of Works and Housing, according to a statement by the company. The product, which is environmentally friendly, increases the strength and bearing capacity of the roads,…
The Group Managing Director of Access Holdings, Hebert Wigwe has consolidated his position as the Bank’s majority shareholder with an acquisition of 50 million shares. The acquisition was contained in a notice of share dealing by an insider to the Nigerian Exchange Limited. It was signed by the company’s secretary, Sunday Ekwochi. The 50 million…
By Ayomide Otitoju Leading innovative and sustainable building solutions company, Lafarge Africa Plc, has announced the launch of Eco Label brand to transparently communicate the environmental benefits of its sustainable building solutions. The Eco Label branding builds on the company’s net zero pledge and supports its ambition to accelerate green construction with the use of…
By Ayomide Otitoju FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch The robot is among the phased configuration of the bank’s state-of-the-art digitally led self-service branch The Humanoid Robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role of a friendly…
The Abuja Electricity Distribution Company (AEDC) will increase tariffs in areas under its network from July 1. AEDC is one of the 11 power distribution companies covering the Federal Capital Territory (FCT), Niger, Kogi, and Nassarawa States.In a statement issued on Sunday, the company cited the fluctuation in the naira exchange rate in the money…
Airtel Africa, Sterling Financial Holdings and Transcorp Hotels are some of the stocks to watch this week, as the stock market resumes trading. Ripples Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for investment purposes. But we have taken…
The Nigerian Ports Authority (NPA) has raised the alarm over what it called a campaign of calumny against the organisation, saying the public should be wary of the development.It called on the media to avoid being used by those it said are out to discredit some personnel of its management.A statement by its General Manager,…
