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Only 22% of family businesses have succession plans – Report

28.04.2025
A new report by the Lagos Business School’s Family Business Initiative has revealed that only 22.8 per cent of surveyed Nigerian family-owned businesses have completed formal succession plans, raising concerns over the long-term survival of such enterprises. The report, presented at a recently held 2025 LBS International Family Business Conference held in Lagos, showed that...
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Tribunal upholds FCCPC’s $220m fine against Meta

28.04.2025
The Competition and Consumer Protection Tribunal has ordered WhatsApp and Meta Platforms Incorporated to pay a $220m penalty and $35,000 to the Federal Competition and Consumer Protection Commission within 60 days over data discrimination practices in Nigeria. It upheld the $220m penalty imposed by FCCPC on WhatsApp and Meta Platforms Incorporated, as well as $35,000...
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UBA to meet recapitalisation target by Q3 – Elumelu

28.04.2025
The Chairman of United Bank for Africa Plc, Mr Tony Elumelu, has said the bank will meet the Central Bank of Nigeria’s recapitalisation requirement of N500bn before the third quarter of 2025, well ahead of the March 2026 deadline for commercial banks with international authorisation. Elumelu gave the assurance on Friday while addressing shareholders at...
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NPA, PEBEC pledge to enhance port efficiency

27.04.2025
In a move to enhance the ease of doing business at the nation’s seaports, the Presidential Enabling Business Environment Council and the Nigerian Ports Authority launched the Ports and Customs Efficiency Committee on Thursday. Speaking at the inaugural meeting of the PCEC in Lagos, the Vice President of Nigeria, Kashim Shettima, said improving efficiencies at...
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Ogun CIOTA seeks collaboration with stakeholders

27.04.2025
The Ogun State chapter of the Chartered Institute of Transport Administration has sought closer collaboration with key stakeholders in the state’s transport sector to drive its membership campaign and professional development initiatives. This was the focus of a courtesy visit by the state chapter of CIOTA to the Commander-General and Chief Executive Officer of the...
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Cargo shipments face disruptions over Trump tariffs

27.04.2025
The Chief Commercial Officer of AAJ Express Logistics Limited, Ini Daniel, has decried the uncertainty that hangs over Nigerian exporters as the recent implementation of sweeping tariff regulations by former United States President Donald Trump has brought shipments to the United States to a grinding halt. According to a statement issued on Wednesday, Daniel mentioned...
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Bloom PFM earns ISO certification

27.04.2025
Bloom PFM, a Nigerian facility management company, has achieved the ISO 9001:2015 certification, reinforcing its commitment to quality, operational excellence, and global best practices. A statement by the firm noted that the certification, recognised worldwide as a benchmark for quality management systems, was granted following a rigorous external audit. “It reflects Bloom PFM’s dedication to...
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FX inflows rise on non-oil export push

26.04.2025
Nigerian products are gradually meeting global standards, evident in the Lilypond Export Command of the Nigerian Customs Service, which reported a 318 per cent rise in non-oil export value during the first quarter of 2025, boosting the country’s foreign exchange inflows, FELIX OLOYEDE writes Nigeria’s efforts to wean itself from over-reliance on oil revenue appear...
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Flights resume as NiMET unions suspend strike

26.04.2025
Air Peace, Nigeria’s largest carrier, has announced that it will fully resume flight operations on Friday, April 25, 2025, following the suspension of the industrial action by workers and unions of the Nigerian Meteorological Agency. In a statement released on Thursday by the Head of Corporate Communications at Air Peace, Ejike Ndiulo, the airline appreciated...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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