Author: Ogochukwu Ndubuisi

Airline Operators React to Debt Claim by NCAA ‎The Airline Operators of Nigeria (AON) has reacted to the claim that its members are indebted to the Nigeria Civil Aviation Authority (NCAA) for services the agency rendered. The association said in a statement in Lagos on Monday that all services rendered by NCAA to domestic airline operators were fully paid for in advance on a cash-before-service basis. AON also said that the NCAA issued invoices for all regulatory services it provided, including validation of crew operating licences, aircraft inspections and documentation renewals. It emphasised that airline operators were required to settle…

Equity investors in the Nigerian Exchange (NGX) gained N905 billion on Monday, as Airtel Africa and Oando Plc drove momentum, lifting the All-Share Index by 57 basis points.

Lagos Disburses N8bn to Retirees Lagos State Government has disbursed over eight billion Naira to its retirees under the Contributory Pension Scheme and the Defined Benefit Scheme. This is an effort to improve workers’ welfare and public service delivery. The Lagos State Head of Service, Mr Bode Agoro, gave the figure on Monday during the 2026 Lagos State Ministerial Press Briefing at Alausa, Ikeja. The briefing is to commemorate the third year of the second term in office of Gov. Babajide Sanwo-Olu. Agoro said that a total of N8,042,264,264.91 had been paid to the retirees, adding that it reflected the…

NGX Seeks Deeper Integration of African Capital Markets The Group Chairman of the Nigerian Exchange Group, Dr Umaru Kwairanga, has called for more collaboration among African stock exchanges to deepen capital markets, improve liquidity, and enhance the continent’s global competitiveness. Kwairanga made the call during a bilateral meeting with the Chairman of the Nairobi Securities Exchange, Mr Kiprono Kittony, where both parties explored opportunities for strategic cooperation between Nigeria and Kenya’s capital markets. In a statement on Monday, the NGX Chairman said the Nairobi Securities Exchange is one of Africa’s leading capital market institutions and a key gateway to East…

UBA Unveils Innovation Centre at UNILAG Campus United Bank for Africa (UBA) Plc on Monday deepened industry-academia collaboration with the inauguration of a four-storey Innovation Hub and Business Office at the University of Lagos (UNILAG). The facility, located on the university campus, is designed to promote innovation, research, and youth development. Speaking at the inauguration, Group Managing Director, UBA, Mr Oliver Alawuba, said the project is a strategic investment in education, innovation, and Africa’s future. According to him, more collaboration between universities and industry remains critical to driving economic transformation across the continent. The facility has two floors dedicated to…

A Fintech company, Moniepoint Inc., has unveiled a N3 billion commitment to establish innovation hubs across three Nigerian universities to boost technology education, entrepreneurship, and youth employment.

The United Kingdom (UK) provides a trusted regulatory and investment environment that enables Nigerian fintechs to expand globally while maintaining strong operational ties to Nigeria and Africa.

Oil prices fell by more than 5% on Monday as the US and Iran drew closer to a peace agreement. Brent crude traded at $95.10 per barrel, down around 5.1% from the previous close of $100.21.

Global equity markets open firmer on Monday amid surging demand for AI and tech stocks on Wall Street and across Asian bourses, and a strong performance in the S&P 500.

Kasi Cloud Datacenters Commission West Africa’s First Hyper-Scale-Ready, AI-Capable Data Centre Campus in Lagos Kasi Cloud Datacenters today held the flag-off ceremony for its Lekki campus in Lagos — marking the commissioning of West Africa’s first hyperscale-ready, AI-capable, carrier-neutral data centre platform. The event signals the transition of Kasi LOS1 from construction into operational readiness, opening for the first time a world-class, sovereign cloud and AI infrastructure option for Nigerian enterprises, financial institutions, and government agencies. Developed on approximately four hectares in the Maiyegun area of Lekki, Lagos — adjacent to six subsea cable landing stations, including Equiano and 2Africa…