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Nigeria’s pension assets climb to N23.32trn, sustaining growth despite economic pressures

DailyTimesNGR DailyTimesNGR 14 June 2025 0

BY MOTOLANI OSENI Nigeria’s pension industry maintained its steady growth trajectory in March 2025, with total assets under management rising to N23.32 trillion. This represents a marginal increase of 0.27 per cent from N23.26 trillion recorded in February, according to the latest figures from

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Equities rebound as investors gain N260bn, ASI up 0.37%

DailyTimesNGR DailyTimesNGR 4 June 2025 0

BY TEMITOPE ADEBAYO The Nigerian equities market, yesterday, halted the prior day’s downtrend, as gains in Dangote Cement Plc and 34 others pushed the overall capitalisation up by N260 billion. The All-Share Index (ASI) gained 411.52 points, representing a gain of 0.37 per cent to close at 112,427.48 points. Also, market capitalisation rose by N260 […]

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Nigeria relaunches NATEP to tap into $1trn outsourcing market

DailyTimesNGR DailyTimesNGR 2 June 2025 0

BY MOTOLANI OSENI Nigeria has relaunched its National Talent Export Programme (NATEP), a strategic initiative aimed at positioning the country as a major player in the $1 trillion global outsourcing industry. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said the move aligns with President Bola Tinubu’s agenda for digital transformation, economic inclusion

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NCDMB’s Ogbe appointed to African Petroleum Board

DailyTimesNGR DailyTimesNGR 2 June 2025 0

Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has been appointed to the Executive Board of the African Petroleum Producers’ Organisation (APPO). Ogbe will represent Nigeria on the board of the 18-member continental body headquartered in Brazzaville, Republic of the Congo. His nomination was made by the

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CBN, Presidency Unveil Harmonized Framework to Boost Consumer Trust and Financial Inclusion

Ihesiulo Grace 2 June 2025 0

In a renewed effort to rebuild public confidence in the financial sector and accelerate financial inclusion, the Central Bank of Nigeria (CBN), in collaboration with the Office of the Vice President, has unveiled plans for a **National Consumer Trust Framework**, aimed at harmonizing consumer protection policies across regulatory bodies. Speaking at a high-level

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Nigerian equities market poised to gain 40.4%, N25.4trn in 2025

DailyTimesNGR DailyTimesNGR 6 January 2025 0

BY TEMITOPE ADEBAYO Investors in the Nigerian equities market are projected to gain N25.4 trillion in 2025, driven by a forecasted 40.4 per cent return, according to analysts. This optimism follows the market’s impressive performance in 2024, which saw the All-Share Index (ASI) rise by 37.72 per cent from 74,773.77 points to 102,926.40 points, while […]

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SEC mandates public companies to publish financial returns online by 2025

DailyTimesNGR DailyTimesNGR 21 December 2024 0

BY TEMITOPE ADEBAYO The Securities and Exchange Commission (SEC) has issued a directive requiring all publicly listed companies to publish their financial statements on their websites effective from January 2025. The Commission while issuing the directive in a Circular Thursday, warned that failure to comply with this directive would attract sanctions. According to the

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CBN’s N100,000 withdrawal limit sparks concern among POS operators

DailyTimesNGR DailyTimesNGR 21 December 2024 0

The Central Bank of Nigeria’s (CBN) recent directive imposing a N100,000 daily withdrawal limit for individuals has elicited strong reactions from Point-of-Sale (POS) operators nationwide. While the policy aims to drive a cashless economy and combat illicit financial activities, many operators view it as a threat to their businesses, especially during the bustling Yuletide

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Leadway Group supports Borno flood victims with N117m relief packages

DailyTimesNGR DailyTimesNGR 14 November 2024 0

BY MOTOLANI OSENI Leadway Group has donated N117 million worth of relief packages to the Borno State flood victims in response to the recent unprecedented flooding that has devastated communities across the state. This disaster has affected over a million residents, displaced thousands, and caused significant damage to infrastructure and properties across the state.

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35% of 5G users ready willing to pay more for premium connectivity services—Report

DailyTimesNGR DailyTimesNGR 14 November 2024 0

A new report from global technology leader, Ericsson, highlighted that 35 per cent of 5G users are willing to pay for premium services that exceed standard 5G offerings, driven largely by the demand for seamless performance in high-traffic areas and GenAI applications. Ericsson’s findings revealed that consumer expectations are shifting; 5G users are not only […]

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LASG kicks off E-call up system implementation, enforcement in Lekki Free Zone

Ihesiulo Grace 27 October 2024 0

BY TEMITOPE ADEBAYO The Lagos State Government has kicked off the implementation and enforcement of the newly deployed e-call-up system in Lekki Free Trade Zone to effectively manage the influx of trucks within the axis. The Special Adviser to the Governor on Transportation, Hon. Sola Giwa stressed that the initiative is crucial in preventing chaotic […]

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Elumelu advocates synergy between IOCs, local oil firms

DailyTimesNGR DailyTimesNGR 24 October 2024 0

BY MOTOLANI OSENI The Chairman, Heirs Holdings Group and the Chairman, United Bank for Africa (UBA), Tony Elumelu, has called for strong collaboration between International Oil Companies (IOCs) and indigenous operators towards achieving sustainable development of the oil and gas sector. Speaking during the 3rd anniversary of Nigerian Upstream Petroleum Regulatory

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China fortifies diplomatic, trade relations with Nigeria

DailyTimesNGR DailyTimesNGR 24 October 2024 0

China and Nigeria have taken a significant step to enhance their long-standing partnership, advancing their relationship to a comprehensive strategic level. This new phase of cooperation was announced at the 2024 Forum on China-Africa Cooperation (FOCAC), where both nations pledged to deepen economic ties. As China’s second-largest trading partner in Africa, Nigeria stands

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Afreximbank, The Africa Center to launch Africa diaspora hub

DailyTimesNGR DailyTimesNGR 7 September 2024 0

BY MOTOLANI OSENI The Africa Center and the African Export-Import Bank (Afreximbank) are set to launch the Afreximbank Africa Diaspora Center (AADC), a pioneering initiative aimed at strengthening the connection between Africans on the continent and those in the Diaspora. The AADC will serve as an institutional platform to bridge the gap, facilitating the exchange […]

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Egbin PowerUp initiative drives tech innovation in power sector

DailyTimesNGR DailyTimesNGR 6 September 2024 0

Egbin Power Plc has launched an internship programme tagged Egbin PowerUp as part of commitment to further advance technology in Nigeria and strengthen the power sector, The programme is a six-month immersive internship designed to deepen students’ understanding of the industry, while fostering innovation and excellence. According to the Genco, the initiative

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CPPE raises concern over regulatory overreach affecting business owners’ investment

DailyTimesNGR DailyTimesNGR 12 August 2024 0

BY MOTOLANI OSENI The Centre for the Promotion of Private Enterprise (CPPE) said, it is worried about the growing incidents of regulatory irritations, distractions, and frustrations inflicted on the Nigerian manufacturing sector and other investors in the Nigerian economy. The director/CEO of CPPE, Dr. Muda Yusuf stated that, there are disturbing tendencies of overbearing

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5 Nigerian startups leverage AI to tackle challenges across sectors

DailyTimesNGR DailyTimesNGR 2 August 2024 0

BY MOTOLANI OSENI Five Nigerian startups who have been selected to be part of the cohort 8 of Google for Startups Accelerator, will leverage Artificial Intelligence (AI) to solve significant challenges across various sectors, including fintech, climate, health, and other services. The startups from Nigeria include CDIAL AI, a startup that is transforming multilingual

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BoI launches palliative food programme

DailyTimesNGR DailyTimesNGR 25 March 2024 0

By Motolani Oseni To cushion the effect of challenges currently faced by Nigerians, the Federal Ministry of Industry, Trade and Investment has unveiled the Bank of Industry’s (BoI’s) palliative food programme. The Honourable Minister, Dr Doris Nkiruka Uzoka-Anite, at the launch of the programme at BoI’s head office in Lagos, said the move is coming […]

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Equities market edges higher, gains N1.62trn

DailyTimesNGR DailyTimesNGR 25 January 2024 0

By Motolani Oseni The equities market of the Nigerian Exchange Limited on Wednesday edged higher as the market capitalization gained N1.62trillion to close at N55.58trillion. At the close trading activities yesterday, the Lagos bourse benchmark index ended 3.00 per cent stronger to settle at 101,517.11 points. This was due to continued buy interests in industrial […]

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TotalEnergies commits to methane emissions reduction in Nigeria

DailyTimesNGR DailyTimesNGR 21 December 2023 0

By Motolani Oseni Chairman and CEO of TotalEnergies, Patrick Pouyanné, has reaffirmed the company’s long-term commitment to Nigeria and supports the country in reducing methane emissions. Pouyanné stated this at the meeting with President Bola Tinubu, President in Abuja. The Company said over the past decade, it has been the largest private energy investor in […]