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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

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ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

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ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

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SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

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SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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ICT

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

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Capital Market

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SEC DG: Digital Assets Represent $10tn Opportunity by 2030

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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North African Airlines Control 45% of Africa’s Air Traffic

According to the latest edition of Secteur Privé & Développement (Private Sector & Development) published by Proparco, AFD’s arm in charge of private sector, Northern Africa airlines dominate Africa’s air traffic.

Over a total of 44.075 million passengers, these companies namely Egyptair (first with 18 million passengers), Air Algerie (second with 12 million), Royal Air Maroc (third with 11.035 million) and Tunisair (seventh with 2.666 million) grabbed nearly 45% of total number of passengers carried by African airlines, according to the London-based platform OAG, which analyzes the sector.

South African Airlines, which is presently encountering some challenges, Ethiopian Airlines, one of the continent’s most active airlines and Kenya Airways which is also quite present in Africa, despite its financial troubles, are respectively fourth, fifth and sixth.

The growth potential of the inter-African air traffic market is quite significant. Some experts estimate in fact that given Africa’s current communication issues, it is cheaper to build airport infrastructures than roads or railways.

However, according to Jean-Louis Barroux, CEO APG World Connect, cited by Proparco’s magazine, one of the major challenges in the sector is the compartmentalisation of African skies. “It is difficult for most African nations to liberalise air transport as the airspace belongs to them and it holds a strong symbolic and political position for them,” he said.

He added that most public authorities in Africa lack, unfortunately, the skills and resources needed to properly manage this sector. Truly, in many countries are airlines’ directors still appointed due to their ties with the power in place, rather than for their actual skills.

Nevertheless, there are still airlines such as Asky, Rwandair or Air Ivoire that remain the region’s pride as they provide permanent or almost (90%) regular services within Africa.

However, transportation costs are expensive, travelling duration are quite long (it can sometimes take 3 hours to go from Douala in Cameroon to Lagos in Nigeria).

Another challenge is the difficulty for people to move freely between borders in Africa.

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AIO Unveils Africa Insurance Pulse 2020 to Digitise Continent’s Insurance Industry

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TSA: CBN Sanctions UBA N2.9bn, First Bank N1.8bn

These are bad times for United Bank for Africa (UBA) Plc and First Bank Limited as both were sanctioned by the Central Bank of Nigeria (CBN) to the tune of N2.9 billion and N1.8 billion respectively for allegedly violating the Treasury Single Account (TSA) policy of the Federal Government. For First Bank, its shares nosedived to 10-year low as a result of the N1.88 billion sanction by the CBN. The bank’s shares fell by 3.9% to N5 in trading at the Nigerian Stock Exchange (NSE), its lowest fall since April 2005.

NLNG Science Quiz Competition 2025: Community Secondary School, Igboh Etche, Emerge Winner

Sophia Horsfall, NLNG’s GM, External Relations & Sustainable Development,...
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