Business

By Boye Oyeyemi The Nigeria Data Protection Commission (NDPC) has slammed a fine of ₦766,242,500 on Multichoice Nigeria for breaching the Nigeria Data Protection Act (NDPA). The development was made public in a press statement sighted by Western Post on the official NDPC handle on X, formerly Twitter. According to the Commission, the sanction followed a detailed investigation that began…

Guaranty Trust Holding Company (GTCO) Plc, said it has successfully priced its new $105 million primary equity offering on the London Stock Exchange’s (LSE) main market for listed securities. The announcement is coming a day after it announced in a regulatory filing the  plans to raise $100million new ordinary shares, proposed cancellation of Global Depository Receipts (GDRs) and admission of…

The Federal High Court in Abuja on Friday affirmed the legality of the Nigeria Inter-Bank Settlement System Plc’s (NIBSS) management of the Bank Verification Number (BVN) database across Nigeria, in line with the Central Bank of Nigeria (CBN) Act and other relevant banking laws. Justice James Omotosho delivered the judgment in a case filed by Wolemi Esan, SAN, lead counsel…

9mobile has confirmed a national roaming agreement with MTN Nigeria, with a full nationwide rollout of the service expected in July 2025. The deal, signed with Emerging Markets Telecommunications Services Limited, will allow 9mobile subscribers to use MTN’s extensive network infrastructure across the country. Speaking at a press briefing, 9mobile CEO Obafemi Banigbe said the company is currently testing the…

The stock price of Guaranty Trust Holding Company Plc (GTCO) on Thursday closed for trading at N82.75 per share on the Nigerian Exchange Limited (NGX), gaining 3.44per cent or N2.75per share from N80 per share it opened for trading. Investors on the Exchange reacted to news the lender is planning to raise $100 million new ordinary shares and and proposed…

The Nigerian equities market on Thursday sustained its bullish momentum with a gain of N403 billion. The Nigerian Exchange Limited All-Share Index (NGX  ASI) gained 637.27 basis points or 0.53 per cent to close at 120,977.20 basis points. Also, market capitalisation rose by N403 billion to close at N76.583 trillion. Investor sentiment remained firmly upbeat, underscored by a robust market…

Nigerian Exchange Group (NGX Group), on Thursday said it has signed a multi-million-naira funding agreement with DEG Impulse gGmbH, a subsidiary of the German Development Finance Institution, DEG – Deutsche Investitions-und Entwicklungsgesellschaft mbH, part of KfW Bankengruppe, to commence the implementation of its flagship NGX Net-Zero Programme (N-Zero). The recently signed agreement in Cologne, Germany, marks a major step forward…

The Nigeria Civil Aviation Authority (NCAA) has named Max Air and Air Côte d’Ivoire as the two airlines notorious for ignoring passenger complaints on the domestic and international routes, respectively. Michael Achimugu, Director of Public Affairs and Consumer Protection for NCAA, made the disclosure on Thursday in a post on his X handle. Michael Achimugu, Director, Public Affairs and Consumer…

By Kunle Sanni – Vice President Kashim Shettima has called on members of the National Council on Privatization (NCP) to place national interest above all else in managing the country’s privatization efforts, stressing the need for transparency, accountability, and rigorous legal oversight. Speaking at the council’s second meeting of 2025, held Wednesday at the Presidential Villa in Abuja, Shettima warned…

The Nigerian equities market on Tuesday extended its bearish streak for the fourth consecutive session, as investors’ investments lost N150 billion. The All Share Index (ASI) lost by 237.34 points, representing a loss of 0.20 per cent to close at 119,741.23 points. Also, market capitalisation lost N150 billion to close at N75.801 trillion. The overall downturn was impacted by losses…