Business

ICAN unveils aviation chapter, pledges financial excellence

DailyTimesNGR DailyTimesNGR 17 April 2025 0

BY CHUKWUEMEKE IWELUNMO The Institute of Chartered Accountants of Nigeria (ICAN) is set to launch its Aviation Chapter, a specialized platform dedicated to promoting financial excellence, strategic systems integration, and ethical leadership in Nigeria’s aviation sector. The inaugural event

Business

CSCS reports 37% revenue growth, proposes N8.8bn dividend

DailyTimesNGR DailyTimesNGR 17 April 2025 0

BY TEMITOPE ADEBAYO The Central Securities Clearing System (CSCS) Plc has achieved a total revenue growth of 37 per cent to N26.1 billion for the year ended December 31, 2024. In line with CSCS’s commitment to delivering long-term value to its shareholders, the board proposed a dividend of N1.76 per share, amounting to a total […]

Business

AI bocks 5.1bn harmful Ads In 2024, suspends 39m accounts-Report

DailyTimesNGR DailyTimesNGR 17 April 2025 0

BY MOTOLANI OSENI Google’s 2024 Ads Safety Report revealed how artificial intelligence is now a frontline defense against harmful online content, blocking 5.1 billion ads, restricting 9.1 billion more, and suspending over 39 million advertiser accounts, most before a single ad was shown. The crackdown comes as scams become more sophisticated, with many leveraging

Business

REA backs solar panel production project in Lagos, as import hits N200bn

DailyTimesNGR DailyTimesNGR 17 April 2025 0

The Rural Electrification Agency (REA) is supporting a solar panel production asset in Lagos in preparation for an import exit plan by the Federal Government. The government is determined to phase out the importation of photovoltaic (PV) solar panels into Nigeria, after it found over N200 billion spend on solar panel imports. The move is […]

Business

MTN Nigeria, digital encode partner to inspire female tech leaders

DailyTimesNGR DailyTimesNGR 17 April 2025 0

BY MOTOLANI OSENI MTN Nigeria and cybersecurity firm, Digital Encode have joined forces with eBusiness Life Communication Limited to support the 2025 International Girls in ICT Day campaign. The event, scheduled for May 15, 2025, in Lagos, is part of a global initiative by the International Telecommunications Union (ITU), aimed at bridging the gender gap […]

Business

Access Holdings grow gross earnings to N4.878trn in 2024

DailyTimesNGR DailyTimesNGR 17 April 2025 0

BY TEMITOPE ADEBAYO Access Holdings Plc has posted a gross earnings of N4.878 trillion in its audited financial results for the full year ended December 31, 2024. The Group delivered 88 per cent year-on-year growth in gross earnings, rising from N2.594 trillion in 2023 to N4.878 trillion in 2024. The strong performance was driven by […]

Business

Stakeholders canvass risk Mgt In infrastructure, enterprise devt for national growth

DailyTimesNGR DailyTimesNGR 17 April 2025 0

BY MOTOLANI OSENI Stakeholders in insurance industry have canvassed risk management in governance, infrastructure planning, enterprise development, and public policy to engender national growth and development. Speaking on this development, at the Risk Managers Society of Nigeria (RIMSON) 40th anniversary celebration in Lagos recently, the commissioner for Insurance,

Business

Stanbic IBTC Bank urges CEOs to aim higher with ‘There is more’ campaign

DailyTimesNGR DailyTimesNGR 15 April 2025 0

BY TEMITOPE ADEBAYO Stanbic IBTC Bank ignites a nationwide conversation with the launch of its latest thematic campaign, ‘There is Possible, Then There is More.’ Anchored by a compelling open letter to Nigeria’s CEOs, the initiative challenges business leaders and innovators to transcend current horizons, fostering a mindset of amplified possibility,

Business

Nigeria’s inflation rises to 24.23% after economic rebasing, says NBS

DailyTimesNGR DailyTimesNGR 15 April 2025 0

BY TUNDE OPALANA The National Bureau of Statistics (NBS) on Tuesday disclosed an increase in Nigeria’s inflation rate from 23.18 percent reported in February to 24.23 percent in March. The drop is coming after two months of respite following the rebasing of the nation’s economy in January this year. The NBS announced an increase in […]

Business

SEC, SMEDAN partner to boost SME access to capital market funding

DailyTimesNGR DailyTimesNGR 15 April 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission SEC is to collaborate with the Small and Medium Enterprises Development Agency of Nigeria to implement joint nationwide sensitization campaigns on “Financing SMEs through the Capital Market.” Director General of the SEC, Dr. Emomotimi Agama who stated this during a meeting with SMEDAN in Abuja, Tuesday, said […]

Business

Equities market dips as investors lose N22bn to start new week

DailyTimesNGR DailyTimesNGR 15 April 2025 0

BY TEMITOPE ADEBAYO The Nigerian stock market yesterday commenced the trading week on a bearish note as losses in Nestle Nigeria Plc and 23 others dragged the overall capitalization lower by N22 billion. The All-Share Index (ASI) lost 33.72 points, representing a loss of 0.03 per cent to close at 104,529.62 points. Also, market capitalisation […]

Business

SEC warns digital asset firms, online forex platforms as ISA 2025 bans unregistered operators

DailyTimesNGR DailyTimesNGR 14 April 2025 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has declared that under the newly enacted Investments and Securities Act, 2025 (ISA 2025), any digital asset exchange or online foreign exchange trading platform operating without registration is now illegal in Nigeria. Signed into law by President Bola Ahmed Tinubu, the legislation introduces a sweeping

Business

Naira ends volatile week stronger at N1,626.00/$1 on official market

DailyTimesNGR DailyTimesNGR 14 April 2025 0

BY TEMITOPE ADEBAYO The naira closed last week on a firmer note against the US dollar at the official foreign exchange window, settling at N1,626.00/$1 on Friday, a slight appreciation from the previous day’s rate of N1,630.50/$1, according to figures from the Central Bank of Nigeria. The local currency’s performance capped a week of wide […]

Business

Equities investors loses N441bn as ASI slips 0.90% weekly

DailyTimesNGR DailyTimesNGR 14 April 2025 0

BY TEMITOPE ADEBAYO The Nigerian equities market closed last week deep in the red, shedding N441 billion in market capitalisation as the All-Share Index (ASI) dropped by 0.90 per cent week-on-week to settle at 104,563.34 points. Market capitalisation fell in tandem, closing at N65.707 trillion, highlighting sustained investor caution despite corporate earnings and dividend

Business

Tariff turmoil halts EM market bond issuance surge

Ihesiulo Grace 14 April 2025 0

By Godwin Anyebe The upheaval coming from the Trump administration’s tariffs is reinforcing views that the riskiest assets face more losses ahead. Most emerging-market currencies will decline, according to Societe Generale SA strategists, who warned that China’s yuan is set for a “modest” depreciation and that South Africa’s rand, and Latin American currencies will likely

Business

Tariff fears trigger $17.1bn outflows from EM debt, stocks in March, says IIF

Ihesiulo Grace 14 April 2025 0

By Godwin Anyebe Tariff worries and global uncertainty triggered portfolio outflows from emerging market. Bonds and stocks in March, especially from China, fading out a positive start to the year, the Institute of International Finance (IIF) said on Thursday. Total non-resident flows registered a net outflow of US$17.1 billion (HK$133.38 billion) across emerging market

Business

Naira’s 3.6% fall against dollar ‘reasonable’, says JP Morgan

DailyTimesNGR DailyTimesNGR 14 April 2025 0

By Godwin Anyebe Naira’s steep fall against the US dollar over the past week has been ‘reasonable’ compared to other frontier and emerging market currencies, according to JP Morgan Chase. The naira plunged to a four-month low at the beginning of the week as President Donald Trump’s tariffs sent shock waves across global markets. But […]

Business

MTN Nigeria Mourns Founding Chairman, Pascal Dozie

DailyTimesNGR DailyTimesNGR 14 April 2025 0

BY MOTOLANI OSENI MTN Nigeria has announced the passing of its founding chairman, Dr. Pascal Gabriel Dozie, a revered business leader whose vision and leadership helped transform Nigeria’s telecommunications landscape. The company, alongside MTN Group, expressed deep sorrow while paying tribute to a man hailed as a pioneer, statesman, and titan of industry. Dozie played

Business

UBA unveils advanced PoS, MONI App to drive digital payments, empower SMEs

DailyTimesNGR DailyTimesNGR 14 April 2025 0

BY MOTOLANI OSENI Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering small and Medium Scale Enterprises across Africa. The upgraded platforms form part of the bank’s ongoing campaign with […]

Business

Mixed relays debut in Nigeria as MTN Champs sets new pace

DailyTimesNGR DailyTimesNGR 13 April 2025 0

BY MOTOLANI OSENI For the first time in the history of African athletics, the mixed relays, a new Olympics-approved relay format, was displayed at a sports competition. This historic moment happened on Day 3 of the MTN Champs Season 3 Continental Relays on April 11, 2025 at the Yabatech Sports Complex. The Director General of […]